7671 S Broadway Ave - LOCAL Car Wash
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7671 S Broadway Ave - LOCAL Car Wash
4,485 SF Specialty Building Offered at £3,648,986 at a 8.50% Net Initial Yield in Tyler, TX 75703
INVESTMENT HIGHLIGHTS
- Affluent Suburban Community
- Strong Academic Presence
- Tyler Regional Airport
- Strong Retail Corridor
- Strong Traffic Counts
- Long-Term NNN Lease
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a LOCAL Car Wash located at 7671 S Broadway Avenue, Tyler, TX 75703. The site consists of roughly 4,485 rentable square feet of building space on an estimated 0.98-acre parcel of land. This LOCAL Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $390,000 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
| Price | £3,648,986 | Building Class | B |
| Price Per SF | £814 | Lot Size | 0.98 AC |
| Sale Type | Investment | Building Size | 4,485 SF |
| Net Initial Yield | 8.50% | Number of Floors | 1 |
| Sale Condition | Sale & Leaseback | Year Built/Renovated | 2010/2024 |
| Property Type | Specialty | Parking Ratio | 5.13/1,000 SF |
| Property Subtype | Car Wash |
| Price | £3,648,986 |
| Price Per SF | £814 |
| Sale Type | Investment |
| Net Initial Yield | 8.50% |
| Sale Condition | Sale & Leaseback |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.98 AC |
| Building Size | 4,485 SF |
| Number of Floors | 1 |
| Year Built/Renovated | 2010/2024 |
| Parking Ratio | 5.13/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 1-50000-1546-05-002000 | Improvements Assessment | £342,104 |
| Land Assessment | £509,241 | Total Assessment | £851,346 |
PROPERTY TAXES
Parcel Number
1-50000-1546-05-002000
Land Assessment
£509,241
Improvements Assessment
£342,104
Total Assessment
£851,346
ZONING
| Zoning Code | C-1 (C-1 Light Commercial: https://codelibrary.amlegal.com/codes/tyler/latest/tyler_tx/0-0-0-79863) |
| C-1 (C-1 Light Commercial: https://codelibrary.amlegal.com/codes/tyler/latest/tyler_tx/0-0-0-79863) |
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7671 S Broadway Ave - LOCAL Car Wash
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