1527 Nnw LoopTyler, TX 75702

For Sale
$960,000

8,000 SF Family Dollar Building, 7.04% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This freestanding, 8,000 square foot retail building, formerly a Family Dollar, is situated on a 1.228-acre lot in Tyler, Texas. Located at 1527 NNW Loop 323, this property boasts high visibility due to its location on a busy thoroughfare with over 27,000 vehicles passing daily. The building, constructed in 2003, features a single story and is zoned C-1. The property offers a stabilized investment opportunity with a current Net Net Net (NNN) lease in place with Family Dollar for over four years. The asking price is $960,000, representing a price per square foot of $120 and a 7.04% capitalization rate based on a net operating income (NOI) of $67,584. The property's proximity to Tyler High School and numerous residential neighborhoods provides a strong built-in customer base. A newly constructed 7-Eleven is located adjacent to the property, further enhancing its desirability. The property's APN is 1-50000-1262-00-015010. This is a prime opportunity for investors seeking a stable, high-traffic retail investment in a growing Texas market.

Highlights

  • 4+ years remaining on NNN lease with Family Dollar.
  • New 7-Eleven adjacent to property.
  • Tyler High School nearby.
  • High-visibility location on NNW Loop 323, with over 27,000 vehicles daily.
  • Strong customer base due to nearby residential neighborhoods and schools.

Property Details for 1527 Nnw Loop

Property type
Other retail properties, Individual retail properties
Square Feet
8,000 SF
Year Built
2003
Buildings
1
Stories
1
Lot Size (sq. ft)
53,492 SF
Units
1

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.36856456435
Longitude
-95.34305297095
1527 Nnw Loop, Tyler, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1527 Nnw Loop
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message