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28351830
28351831

5403 S Broadway Ave, Tyler, TX 75703

GH
TX TX 822636
Secure Net Lease
BJ
TX TX 823222
Secure Net Lease
KV
TX 707940
Secure Net Lease
Listed by Secure Net Lease
$6,837,000
198 days on market
Updated 70 days ago

Tyler’s (Racquet & Jog)

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 16,365
Cap Rate 6.75%
NOI $461,493
Occupancy 100%
Tenancy Single
Brand/Tenant Tyler's, Racquet & Jog
Lease Type NN
Lease Term 15
Lease Expiration 11/01/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options (2) 5-Year Renewal Options
Price per SqFt $418
Year Built 2000
Year Renovated 2025
Buildings 1
Stories 1
Acreage 1.130
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2025

Huge Store Sales & Expansion | Extreme Commitment to Location

Investment highlights

  • 2000 Construction/2025 Renovation. 16,365+/- SF Building on 1.13+/- Acre Site

  • New 15 Year NN Lease with 10% Rental Increases Every 5 Years, In Primary Terms & Options, Plus (2), 5-Year Options to Renew

  • Excellent Store Sales - Contact Broker for More Information

  • Extreme Commitment to Location – Tenant has Operated at this Site for 25 Years and Recently Signed a New 15-Year Abs. NNN Lease

  • Strong Customer Base in Affluent and High Growth Trade Area – Located on S Broadway Ave (43,800+ VPD), a Prime Corridor in Tyler

  • Site Situated Between New Parkside Development ($100M+) & Broadway Square Mall (80+ Retailers, 625,000+ SF)

  • Tyler’s, An Established Texas Retail Icon – Premier Regional Retailer Specializing in Active Lifestyle Apparel; Operates 8 High-Performing Locations

  • Tyler | 80 Miles from Both Dallas, TX & Shreveport, LA | Population: 113,030+

Listing Contacts

GH
TX TX 822636
Secure Net Lease
BJ
TX TX 823222
Secure Net Lease
KV
TX 707940
Secure Net Lease
Listed by Secure Net Lease

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$461,493.00
$38,457.75/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Graham Hickey
License
TX 822636
Name
Ben Johnson
License
TX 823222
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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