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Why You'll Love this Property

PROPERTY OVERVIEW Absolute NNN investment opportunity with stable pharmacy tenant in East Texas in proximity to two regional healthcare hubs and a newly announced medical school. As of November 2020 ,Tyler has regained 98.2 percent of the pre-pandemic employment levels, which exceeds the state average of 95.6 percent (Source Texas Workforce Commission & Texas Real Estate Research Center at Texas A&M University). New seven year primary lease term will start at lease execution and includes rental increases throughout the primary term providing additional cash flow to Buyer. CAP Rate: 6.5% Lease Rate: $150,000 NNN/year PROPERTY HIGHLIGHTS • Excellent visibility on Hwy 31 (West Tyler) • Easy access to Toll 49, Loop 323, Hwy 64 and minutes from I-20 • Tyler Medical District within 5 miles • Close to Tyler Pounds Regional Airport • Zoned M-1 Light industrial; allows for manufacturing, industrial, flex, office and retail use • 1 Grade level OH door

Additional Information
From the intersection of Hwy 31 W and Loop 323 in Tyler, travel west to property location on right side of the road.
Drake Real Estate & Investments
1192

4285 State Hwy 31 W

Tyler, Texas 75702

$2,295,000
MLS #10131231
Basic Details
Status : Active
Property Type : Building
Price : $2,295,000
MLS : 10131231
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