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1527 Nnw Loop Tyler, TX 75702

Sponsored
For Sale
$960,000

8,000 SF Family Dollar Building, 7.04% Cap Rate

Property size:
8,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This freestanding, 8,000 square foot retail building, formerly a Family Dollar, is situated on a 1.228-acre lot in Tyler, Texas. Located at 1527 NNW Loop 323, this property boasts high visibility due to its location on a busy thoroughfare with over 27,000 vehicles passing daily. The building, constructed in 2003, features a single story and is zoned C-1. The property offers a stabilized investment opportunity with a current Net Net Net (NNN) lease in place with Family Dollar for over four years. The asking price is $960,000, representing a price per square foot of $120 and a 7.04% capitalization rate based on a net operating income (NOI) of $67,584. The property's proximity to Tyler High School and numerous residential neighborhoods provides a strong built-in customer base. A newly constructed 7-Eleven is located adjacent to the property, further enhancing its desirability. The property's APN is 1-50000-1262-00-015010. This is a prime opportunity for investors seeking a stable, high-traffic retail investment in a growing Texas market.

Property Features for 1527 Nnw Loop

General Information

Property type
Individual retail properties
Square Feet
8,000 SF
Lot Size
53,492 SF

Building Details

Year Built
2003
Buildings
1
Stories
1
Units
1

HighLights

  • 4+ years remaining on NNN lease with Family Dollar.
  • New 7‑Eleven adjacent to property.
  • Tyler High School nearby.
  • High‑visibility location on NNW Loop 323, with over 27,000 vehicles daily.
  • Strong customer base due to nearby residential neighborhoods and schools.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

Map

City
Tyler
County
Smith
State
Texas
Longitude
-95.34305297095
Latitude
32.36856456435

FAQs

What type of property is this?
Individual retail property - 8,000 SF Family Dollar Building, 7.04% Cap Rate
Where is this individual retail property located?
The property is located at 1527 Nnw Loop Tyler, TX.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: 4+ years remaining on NNN lease with Family Dollar.; New 7-Eleven adjacent to property.; Tyler High School nearby.
More about this property
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