Entity Owned Property summary
This exceptional investment opportunity presents a single-tenant, absolute net lease (NNN) Walgreens property located at 1620 S Broadway Ave, Tyler, TX 75701. The 91,868 square foot building, constructed in 2009, sits on a 2.11-acre lot and boasts 76 parking spaces. The property benefits from a strong location with high visibility on Broadway Avenue, a major thoroughfare with approximately 29,100 average daily traffic (ADT). This is a high-income area, with an average household income of… approximately $84,500 within a 1-mile radius, projected to increase to $96,000 by 2029. The property enjoys close proximity to three major medical centers, including Baylor Scott & White Texas Spine & Joint Hospital and UT Health Tyler, creating a dense population base. The lease features a corporate guarantee and has a remaining term of 9 years, with built-in rent increases at the start of each option period. The asking price is $3,703,704, representing a price per square foot of $40.32 and a 6.75% cap rate. The property's Net Operating Income (NOI) is $250,000, and the property is currently 100% occupied. The property is zoned C-1. This is a rare Walgreens NNN ground lease offering a low rent and price point, providing a hedge against inflation.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
18 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 15,211 SF
- Lot area
- 2.11 ac
- Year built
- 2009
- APN
- 1-50000-0277-06-002000
- Assessed value · 2023
- $1,836,486
- Annual tax · 2023
- $32,013
- Commercial (general)
- Office Building
- Retail Stores · current use
- Auto Repair, Garage
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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