6421 Broadway Ave Tyler, TX 75703-4441

This exceptional 17,067 square foot multi-tenant retail property in Tyler, Texas, is situated on a highly visible corner of S Broadway Avenue and W Grande Blvd, boasting a combined 67,683 vehicles per day. Built in 2015, this 100% occupied center features five tenants with triple net (NNN) leases, offering a strong, e-commerce resistant tenant mix including fitness, food & beverage, and service businesses. The property benefits from a dense and affluent population within a 5-mile radius (128,072 people), with nearby major retailers like Walmart and Target. The current Net Operating Income (NOI) is $385,931, representing a 7.50% cap rate on the $5,175,000 asking price. The 1.491-acre lot provides potential for future development. This investment offers a stable income stream with embedded rent growth potential and is ideally positioned to benefit from continued growth in the area. The property's location within Tyler's most prominent retail node ensures long-term value retention. The loyal tenant base, including a high-rated fitness center and established businesses, contributes to the property's strong performance and future prospects.