1873 Loop Tyler, TX 75701
- Retail properties
- 4,500 SF
- 2.53 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1873 Loop
- Year built
- 2024
- Lot size
- 2.53 lot acres
- Property size
- 4,500 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a brand-new, 4,500 square foot Chick-fil-A ground lease in Tyler, Texas. Located at the highly visible northwest corner of SW Loop 323 and Earl Campbell Parkway, this property benefits from its strategic position at the entrance to the Bellwood master-planned community, a 543-acre mixed-use development. The lease, commencing December 1, 2024, and expiring November 30, 2039, offers a 15-year initial term with ten 5-year renewal options. The property boasts a 4.00% cap rate and a strong net operating income (NOI) of $140,000. Rent increases by 10% every five years, providing built-in inflation protection. The 2.53-acre lot features a state-of-the-art building with dual drive-thru lanes. This Class A property enjoys 100% occupancy, shadowing both Sam's Club and Brookshire's, and is situated across from Tyler Junior College and a Fresenius Medical Center, ensuring high traffic volume. The corporate guarantee from Chick-fil-A, a company with over $18.8 billion in 2023 revenue, provides exceptional investment security. This is an ideal opportunity for passive or 1031 exchange investors seeking a stable, recession-resistant investment in a tax-free state. The asking price is $3,500,000, representing a price per square foot of $777.78. The property's address is 1873 S SW Loop 323, Tyler, TX 75701.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.3414
- Latitude
- 32.3278
