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River Oaks Plaza 713 W Southwest Loop 323

15,327 SF 69% Leased Retail Building Tyler, TX 75701 £2,269,105 (£148/SF) 6.39% Net Initial Yield

Investment Highlights

  • High-performing intersection with excellent visibility and a traffic count of 36,000 cars per day.
  • Convenient drive-through on the East side, with an easement connecting Loop 323 to Shelly Drive.
  • 275 feet of frontage on Southwest Loop.

Executive Summary

The River Oaks Shopping Center is situated on approximately 1.42 acres of land and is currently occupied by a diverse tenant mix. This shopping center is positioned on a prime location on Loop 323 with the center surrounded by national retailers. With almost 36K vehicles per day and 280 ft of road frontage, the center is positioned for long term tenancy due to exposure and surrounding users. The center had extensive updates and improvements completed in 2021, including state-of-the-art HVAC units, upgraded plumbing lines above and below the slab, and a new roof in 2024. The overall enhancements to the center create an inviting atmosphere that will undoubtedly attract customers and drive business. Featuring a convenient drive-through on the East side, with an easement connecting Loop 323 to Shelly Drive. At 71% occupancy, there's still room for increased occupancy, allowing you to maximize your returns. Plus, all leases are on a NNN basis, meaning tenants take care of owner expenses.
Owner financing is available for approved buyers.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
15,327 SF
Building Class
C
Year Built
1976
Price
£2,269,105
Price Per SF
£148
Net Initial Yield
6.39%
NOI
£144,943
Percent Leased
69%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.25
Lot Size
1.40 AC
Zoning
C-1 - Commercial
Frontage
277 ft on W Southwest Loop 323

Amenities

  • Monument Signage

Nearby Major Retailers

Regions Bank
The Brass Tap
PNC Bank
La Madeleine
Orangetheory Fitness
Chili's Grill & Bar
McAlister's Deli
BJ's Restaurant & Brewhouse
Taco Bueno
Bubba's 33
  • Listing ID: 30944300

  • Date on Market: 13/02/2024

  • Last Updated:

  • Address: 713 W Southwest Loop 323, Tyler, TX 75701

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