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    4285 Hwy 31

    Tyler, TX 75702
    • $2,295,000
    • STATUS: Active
    • ON SITE: 67 days
    • ID#: 14525211
    UPDATED: 66 min ago
    $2,295,000
    • 0
      BEDS
    • 1.98
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2010
    County:

    School Ratings & Info

    Offered by Matthew Marshall of Drake Real Estate & Investment.

    Description

    PROPERTY OVERVIEW Absolute NNN investment opportunity with stable pharmacy tenant in East Texas in proximity to two regionalhealthcare hubs and a newly announced medical school. As of November 2020 ,Tyler has regained 98.2 percent of the pre-pandemicemployment levels, which exceeds the state average of 95.6 percent (Source Texas Workforce Commission & Texas Real EstateResearch Center at Texas A&M University). New seven year primary lease term will start at lease execution and includes rentalincreases throughout the primary term providing additional cash flow to Buyer. CAP Rate: 6.5% Lease Rate: $150,000 NNN year

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    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-05-09T17:39:05.327.
    www.homesbylainie.com/homes/114661033
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    4285 Hwy 31 Tyler, TX 75702

    • Price: $2,295,000
    • Status: Active
    • Updated: 66 min ago
    • ID#: 14525211
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.98
    Acres
    2010
    Built
    Neighborhood:
    Hwy 31 Commercial Park
    County:
    Smith
    Area:
    East Of Service
    Property Description
    PROPERTY OVERVIEW Absolute NNN investment opportunity with stable pharmacy tenant in East Texas in proximity to two regionalhealthcare hubs and a newly announced medical school. As of November 2020 ,Tyler has regained 98.2 percent of the pre-pandemicemployment levels, which exceeds the state average of 95.6 percent (Source Texas Workforce Commission & Texas Real EstateResearch Center at Texas A&M University). New seven year primary lease term will start at lease execution and includes rentalincreases throughout the primary term providing additional cash flow to Buyer. CAP Rate: 6.5% Lease Rate: $150,000 NNN year
    Exterior Features

    Construction Materials Walls Metal Foundation Slab Parking Or Garage Common Lot Roof Metal

    Interior Features

    Ceiling Height Other Commercial Features Computer ReadySingle UserTruck Bay Flooring Concrete Heating OtherZoned Sq Ft Building 15000 Sq Ft Gross 15000 Sq Ft Leasable 15000

    Property Features

    Building Area Source Tax Building Use IndustrialMedicalOffice/Warehouse Commercial Zoning M-1 Construction Status Preowned Gross Annual Expenses 0 Gross Annual Income 0 Inclusions Land & Improvements Lot Size Source Tax Multi Zoning No Municipal Utility District No Net Annual Income 0 Possession Closing/Funding Property Type Com-Sale/Leaseback (Both) Tenant Pays All Utilities Utilities AsphaltCity SewerCity WaterConcreteCurbsOverhead Utilities Will Subdivide No

    Listing information © 2021 North Texas Real Estate Information System.


    © 2021 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Homes By Lainie Real Estate Group. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Homes By Lainie Real Estate Group are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2021-05-09T17:39:05.327.
     
    https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14525211-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14525211-2.jpg https://bt-photos.global.ssl.fastly.net/ntreis/orig_boomver_1_14525211-2.jpg
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    Homes By Lainie Real Estate Group
    421 Hwy. 120 West
    Pottsboro TX, 75076
    Offered by Matthew Marshall of Drake Real Estate & Investment.