451 Loop Tyler, TX 75702
- Retail properties
- 0.72 lot acres
Current Use by Public Records
- Retail properties
Property Details for 451 Loop
- Year built
- 2024
- Lot size
- 0.72 lot acres
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a brand-new, 20-year absolute NNN ground lease with Take 5 Oil Change, a nationally recognized brand. Located at 451 S SE Loop 323, Tyler, TX 75702, this 1,682 square foot auto shop sits on a 0.72-acre lot and boasts excellent visibility at a signalized intersection across from a Walmart Supercenter. The lease commenced June 1, 2024, and expires June 1, 2044, with three 5-year renewal options. The property benefits from a strong tenant covenant, a 5.25% cap rate, and a substantial net operating income (NOI) of $99,500. The lease includes 2% annual rent increases, ensuring consistent income growth. The property's strategic location along the retail corridor of Loop 323, near other national retailers like Aldi, 7-Eleven, and Starbucks, further enhances its investment appeal. Built in 2024, this property is a turnkey investment with minimal management requirements due to the absolute NNN lease structure, where the tenant is responsible for all property expenses including taxes, insurance, and maintenance. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a strong tenant and significant long-term growth potential. The asking price is $1,895,238.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.268
- Latitude
- 32.3462
