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33252908
33253201

2416 E SOUTHEAST LOOP 323, TYLER, TX 75701-7342

CI
TX 687179-B
Ihrig Properties
Listed by Ihrig Properties
$450,000
2 days on market
Updated 2 days ago

3 Tenant Retail Center

Details
APN 1.50000.1056.00.019000
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 2,800
Net Rentable (SqFt) 2,800
Units 3
Cap Rate 8.22%
NOI $36,992
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Year Built 1976
Buildings 1
Stories 1
Lot Size (SqFt) 8,276
Zoning C-1
Parking Spaces 16 spaces
Parking Per SqFt 5.71
Investment Type Stabilized
Tenant Credit No Credit Rating
Ground Lease No
Sale Condition For sale by owner

100% Occupied - Loop Frontage Retail Investment

Marketing description

Fully occupied 3-tenant retail investment opportunity located along E Southeast Loop 323 in Tyler, Texas. The property consists of approximately 2,800 SF and offers investors stable in-place income with long-term tenancy, visibility, and future upside through under-market rents.

The building is currently 100% occupied by three tenants, each of whom has operated at the property for 12+ years, providing a strong history of tenant stability and location commitment. Current NOI is $36,992, providing an 8.22% cap rate at the $450,000 asking price.

Positioned along one of Tyler’s major commercial corridors, the property benefits from excellent visibility on Loop 323 with traffic counts of approximately 41,000 vehicles per day nearby. The location sits just east of Troup Highway and between Troup Highway and University Boulevard, offering convenient access to surrounding retail, office, medical, and residential demand drivers. Prior property data also identifies the building as a 2,800 SF retail property built in 1976.

With established tenants, term remaining, below-market rents, and strong Loop 323 exposure, this is a rare small-format retail investment opportunity with both immediate cash flow and long-term rental upside.

Investment highlights

  • Fully occupied 3-tenant retail building
  • ±2,800 SF retail center
  • $36,992 NOI
  • 8.22% cap rate
  • Tenants have been in place for 12+ years
  • Lease term remaining with stable in-place income
  • Under-market rents provide future upside
  • Excellent visibility on E Southeast Loop 323
  • Approximately 41,000 vehicles per day nearby on Loop 323
  • Located just east of Troup Highway
  • Convenient access to University Boulevard, retail, office, medical, and residential areas
  • Strong fit for private investors seeking stable cash flow with value-add rent growth potential

Listing Contacts

CI
TX 687179-B
Ihrig Properties
Listed by Ihrig Properties

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,992.00
$3,082.67/mo

Valuation Metrics

0
DSCR
8.22%
Cap Rate
8.22%
ROI

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Additional Information

Name
Cole Ihrig
License
687179-B
Brokerage
Ihrig Properties
Brokerage Phone
903-270-5996
Title
Owner + Broker
Brokerage Address
724 West Elm Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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