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    4285 State Hwy 31 W

    Tyler, TX 75702
    • $2,295,000
    • STATUS: Active
    • ON SITE: 22 days
    • MLS #: 10131231
    UPDATED: 65 min ago
    $2,295,000
    • 0
      BEDS
    • 1.98
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    PROPERTY OVERVIEW Absolute NNN investment opportunity with stable pharmacy tenant in East Texas in proximity to two regional healthcare hubs and a newly announced medical school. As of November 2020 ,Tyler has regained 98.2 percent of the pre-pandemic employment levels, which exceeds the state average of 95.6 percent (Source Texas Workforce Commission & Texas Real Estate Research Center at Texas A&M University). New seven year primary lease term will start at lease execution and includes rental increases throughout the primary term providing additional cash flow to Buyer. CAP Rate: 6.5% Lease Rate: $150,000 NNN/year PROPERTY HIGHLIGHTS Excellent visibility on Hwy 31 (West Tyler) Easy access to Toll 49, Loop 323, Hwy 64 and minutes from I-20 Tyler Medical District within 5 miles Close to Tyler Pounds Regional Airport Zoned M-1 Light industrial; allows for manufacturing, industrial, flex, office and retail use 1 Grade level OH door

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    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-02-28T18:28:36.073.
    www.griffinrealestategroup.com/homes/113988018
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    4285 State Hwy 31 W Tyler, TX 75702

    • Price: $2,295,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: 10131231
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.98
    Acres
    Neighborhood:
    Smith
    County:
    Smith
    Area:
    Smith
    Property Description
    PROPERTY OVERVIEW Absolute NNN investment opportunity with stable pharmacy tenant in East Texas in proximity to two regional healthcare hubs and a newly announced medical school. As of November 2020 ,Tyler has regained 98.2 percent of the pre-pandemic employment levels, which exceeds the state average of 95.6 percent (Source Texas Workforce Commission & Texas Real Estate Research Center at Texas A&M University). New seven year primary lease term will start at lease execution and includes rental increases throughout the primary term providing additional cash flow to Buyer. CAP Rate: 6.5% Lease Rate: $150,000 NNN/year PROPERTY HIGHLIGHTS Excellent visibility on Hwy 31 (West Tyler) Easy access to Toll 49, Loop 323, Hwy 64 and minutes from I-20 Tyler Medical District within 5 miles Close to Tyler Pounds Regional Airport Zoned M-1 Light industrial; allows for manufacturing, industrial, flex, office and retail use 1 Grade level OH door
    Exterior Features

    Construction Metal Lot Dimensions 1.975 Ac Road Type State/Us Highway Water View No Waterfront No

    Property Features

    Available Financing CashConventional Building Description Office/Warehouse Commercial Type Building Location Inside City Limits Sale Includes Building Security Gate No Sewer Public Sewer Short Sale YN No Water Public Zoning Industrial

    Listing provided courtesy of Matthew Marshall of Drake Real Estate & Investments. Listing information © 2021 Greater Tyler Association of REALTORS® Multiple Listing Service.


    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2021-02-28T18:28:36.073.
     
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    Griffin Real Estate Group
    121 E Erwin St
    Tyler TX, 75703