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Red Barn Square 6621 S Broadway Ave

9,545 SF 100% Leased Retail Building Tyler, TX 75703 £3,160,040 (£331/SF) 6.86% Net Initial Yield

Investment Highlights

  • Drive Through End Cap
  • 100% Occupied, NNN Leases, E-Commerce Resistant
  • Most Dominant Retail Node in Tyler, Texas

Executive Summary

Red Barn Square features a fully stabilized multi-tenant line up of all food & beverage concepts. The tenancy features a loyal tenant base looking for diverse mix of casual to upscale, unique and delicious food offerings. All tenants offer patio seating for customers to enjoy and Bahama Bucks features a desirable end cap drive through option.
The acquisition of Red Barn Square offers investors a strong multi-tenant line up that is 100% occupied with long-term tenants. The property is in an excellent trade area and the site is positioned to retain value long-term as growth in the area continues.

Attachments

Red Barn Square OM (For Web)
Red Barn Square Flyer

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,545 SF
Year Built
2017
Price
£3,160,040
Price Per SF
£331
Net Initial Yield
6.86%
NOI
£216,732
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Frontage
300 ft on S. Broadway Ave.

Amenities

  • Bus Route
  • Pylon Sign
  • Restaurant
  • Air Conditioning
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Nearby Major Retailers

Starbucks
Hawaiian Bros Island Grill
Guaranty Bank
TD Ameritrade
Chase Bank
Taziki’s Mediterranean Café
Cheddar's Scratch Kitchen
Salsarita's Fresh Mexican Grill
Razzoo's Cajun Cafe
Regions Bank

PROPERTY TAXES

Parcel Number 1-50000-1434-00-015030 Improvements Assessment £655,693
Land Assessment £639,466 Total Assessment £1,295,159

PROPERTY TAXES

Parcel Number
1-50000-1434-00-015030
Land Assessment
£639,466
Improvements Assessment
£655,693
Total Assessment
£1,295,159
(214) 675-3665

  • Listing ID: 33270793

  • Date on Market: 23/09/2024

  • Last Updated:

  • Address: 6621 S Broadway Ave, Tyler, TX 75703

The Retail Property at 6621 S Broadway Ave, Tyler, TX 75703 is currently available For Sale. Contact DuWest Realty for more information.

Nearby Listings

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6621 S Broadway Ave, Tyler, TX for sale Building Photo- Image 7 of 8
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© 2024 CoStar Group

Red Barn Square | 6621 S Broadway Ave
(214) 675-3665 x

Red Barn Square | 6621 S Broadway Ave

1/3

Will Walters

(214) 675-3665

(214) 675-3665

Alex Speed Throckmorton

(214) 720-0004

(214) 720-0004

Josie Trent

(469) 601-0311

(469) 601-0311

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