7671 S Broadway Ave Tyler, TX 75703
New retail property with long-term NNN lease and annual rent increases.
Property size:
4,485 SFLot size:
0.98 AcresProperty Features for 7671 S Broadway Ave
General Information
- Size
- 4,485 SF
- Lot size
- 0.98 Acres
Source:
Moodyscre
Listing Agent: Anthony Bird
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Retail Property For Sale
This newly constructed retail property is subject to a 20-year lease, commencing upon the close of escrow, providing long-term stability and immediate income. The lease includes 2.00% annual rental increases, ensuring consistent income growth throughout the lease period and enhancing the property’s long-term revenue potential. The property is managed by an experienced operator with a proven track record and in-depth knowledge of the local market, ensuring effective management, strategic tenant selection, and a keen understanding of market trends, all of which contribute to the property's stability and growth potential. The property qualifies for both accelerated and bonus depreciation, offering tax advantages for investors, allowing for faster cost recovery, reducing taxable income in the early years of ownership and enhancing cash flow. The property contains 4,485 square feet.
Location Intelligence
Current Use by Public Records
LOCAL Car Wash
Car Wash
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.30961
- Latitude
- 32.264852
Nearby Similar for Sale
FAQs
What type of property is this?
Storefront property - New retail property with long-term NNN lease and annual rent increases.
Where is this storefront property located?
The property is located at 7671 S Broadway Ave Tyler, TX.
What is the asking price?
The asking price for this property is $4,588,235.
What are key features of this property?
This property features: - Long-Term NNN Lease: Enjoy immediate long-term stability with a new 20-year lease.; - Annual Rent Increases: Lease includes 2.00% annual rental increases for consistent income growth.; - Accelerated Depreciation: Qualifies for accelerated and bonus depreciation, offering significant tax advantages.