Listed by Waypoint Real Estate Development & Advisors
$6,675,000
Lindale Station
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 36,639
Net Rentable (SqFt) 36,639
Cap Rate 7.27%
NOI $485,096
Occupancy 97%
Tenancy Multi
Lease Type NNN
Price per SqFt $182
Broker Co-Op Yes
Class B
Year Built 2004
Year Renovated 2022
Buildings 5
Stories 1
Acreage 3.470
Zoning Retail, Medical, Office
Parking Spaces 132 spaces
Parking Per SqFt 3.60
Investment Type Value Add
Retail | 7.27% CAP | 36,639 SqFt
Marketing description
Introducing **LINDALE STATION** located at **2808 SOUTH MAIN STREET, LINDALE, TX** – a premier retail property investment opportunity in the heart of the thriving Greater-Tyler area. This modern facility, boasting a 36,639 SF building with 11 units, presents a lucrative proposition for investors seeking a secure and high-performing asset. With recent renovations in 2022 and a desirable zoning for retail, medical, or office use, this property stands out as a versatile and potential-rich investment option in a prime location.
Boasting an impressive 97% occupancy rate and a strong NOI of $485,096, **LINDALE STATION** offers a compelling chance to add a standout property to your portfolio with a cap rate of 7.27%. Don't miss out on the opportunity to acquire this standout asset with strong long-term potential in a coveted market. Contact us now to learn more about this exceptional investment opportunity in Lindale, Texas.
Listing Contacts
Listed by Waypoint Real Estate Development & Advisors
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$485,096.00
$40,424.67/mo
Valuation Metrics
0
DSCR
7.27%
Cap Rate
7.27%
ROI
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