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    7671 S Broadway Ave Tyler, TX 75703

    For Sale
    $4,588,235

    New retail property with long-term NNN lease and annual rent increases.

    Property size:
    4,485 SF
    Lot size:
    0.98 Acres

    Property Features for 7671 S Broadway Ave

    General Information

    Size
    4,485 SF
    Lot size
    0.98 Acres

    Source: NNN Pro Group 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.
    Insight Report Location Intelligence

    Current Use by Public Records

    LOCAL Car Wash Car Wash

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.30961
    Latitude
    32.264852

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    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.
    (332) 345-2408
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    7671 S Broadway Ave Tyler, TX 75703
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    Tyler, TX 75703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7671 S Broadway Ave Tyler, TX 75703
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