3910 Broadway Ave Tyler, TX 75701-8715

Property Details for 3910 Broadway Ave

Year built

1988

Lot size

0.60 lot acres

Property size

6,370 SF

Property type

Auto shops

APN

1-50000-1010-04-009050

APU

150000101004009050

Description

This exceptional investment opportunity presents a 6,370 square foot auto shop, fully renovated in 2024, situated on a 0.6-acre lot at 3910 S Broadway Ave, Tyler, TX 75701. The property boasts a strong 10-year net lease with a corporate guarantee from Brakes Plus, a reputable company operating over 160 locations across six states. The lease commenced November 1, 2024, and includes five 5-year renewal options with a 10% rent increase every five years throughout the primary term and options. The property generates a substantial net operating income (NOI) of $90,000, resulting in a compelling 6.00% cap rate. Located on Tyler's busiest retail corridor (S. Broadway Ave, with over 42,690 vehicles per day), the property benefits from its proximity to Broadway Square Mall, a major retail center with over 625,000 square feet of retail space and 80+ retailers. The surrounding area showcases a high average household income exceeding $130,000 within a one-mile radius. This property offers a secure, high-return investment with a long-term tenant and significant upside potential. Built in 1988, the building enjoys 100% occupancy and benefits from the strong demographics of Tyler, Texas, the largest community in East Texas, with a population exceeding 241,750. The asking price is $1,500,000, translating to $235.48 per square foot.

Location Insight

City

Tyler

County

Smith

State

Texas

Longitude

-95.3002

Latitude

32.3077

CBSA code

46340

CBSA name

TYLER, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments