Department Store
At Home | NNN Lease w/ Favorable Annual Increases | Below Replacement Cost & Value-Add Component
3900 Troup Hwy, Tyler (Northeast Texas), TX 75703
Listing Price: $6,475,000
Investment Overview
Tyler is a city in the U.S. state of Texas and the largest city and county seat of Smith County and also the largest city in Northeast Texas. With a 2019 census-estimated population of 106,991, Tyler was the thirty-eighth most populous city in Texas and 292nd in the United States. It is the principal city of the Greater Tyler metropolitan statistical area, which is the 199th most populous metropolitan area in the U.S. and 16th in Texas after Waco and the College Station–Bryan areas, with a population of 230,221 in 2018. As Northeast Texas and Smith County's major economic, educational, financial, medical and cultural hub, Tyler is host to more than 20,000 higher-education students, the University of Texas at Tyler, a university health science center, and regional hospital systems. It is also the headquarters for Brookshire Grocery Company, Cavender's, Southside Bank, and Synthesizers.com. Other corporations with major presence within the city and surrounding area include AT&T, T-Mobile US, Cricket Wireless and Metro by T-Mobile, Chase Bank, BBVA, Best Buy, and Walmart. Tyler is also home to the Caldwell Zoo and Broadway Square Mall.
At Home | NNN Lease w/ Favorable Annual Increases | Below Replacement Cost & Value-Add Component
Investment Highlights
- NNN Lease Featuring Favorable Above Average Annual Rental Increases. Recent Lease Extension by At Home Demonstrates Strong Commitment to the Location.
- Below Replacement Cost and Significant Upside Opportunity through Leasing Up Value Add Space. Roof Replaced in 2018 w/ 20 Year Warranty. Well Below Market Rent.
- Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 31k Vehicles. Near Busy Signalized Intersection.
- Dominant Leadership: Hellman & Friedmann is one of the most Experienced and Successful Investment Organizations in the Private Equity Industry, with Over $25 Billion of Total Assets.
- Walking Distance from The University of Texas at Tyler - UT Tyler Consists of Five Professional Colleges and one Traditional College of Arts and Sciences (9,925+ Students).
- Adjacent to Chick-fil-A and Super 1 Foods. Surrounded by Numerous other National Retailers Including Walmart Neighborhood Market, Walmart Supercenter, Hobby Lobby, Natural Grocers, Walgreens and many more.
- Densely Populated Area: Features more than 103k People Residing within a 5-Mile Radius. Daytime Employment Population of 143k in the Surrounding Area. Excellent Location in Southeast Tyler - Accessible to all Major Thoroughfares. Numerous Office, Medical, & Retail Establishments in the Immediate Area. Located just South of Tyler's Hospital District.
- In Close Proximity to Christus Mother Frances Hospital Tyler - a New, State-of-the-Art, 41k+ Sq.Ft. Hospital, with a 24|7 ER, Onsite Imaging and Lab Services, and five Surgical Suites. Minutes from UT Health Tyler - a 502-Licensed Bed, General Acute Care Hospital offering Comprehensive Services to the Surrounding Communities in Tyler and East Texas.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Financing By
Department Store
At Home | NNN Lease w/ Favorable Annual Increases | Below Replacement Cost & Value-Add Component
Listing Price: $6,475,000
Investment Highlights
- NNN Lease Featuring Favorable Above Average Annual Rental Increases. Recent Lease Extension by At Home Demonstrates Strong Commitment to the Location.
- Below Replacement Cost and Significant Upside Opportunity through Leasing Up Value Add Space. Roof Replaced in 2018 w/ 20 Year Warranty. Well Below Market Rent.
- Positioned Along Area's Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 31k Vehicles. Near Busy Signalized Intersection.
- Dominant Leadership: Hellman & Friedmann is one of the most Experienced and Successful Investment Organizations in the Private Equity Industry, with Over $25 Billion of Total Assets.
- Walking Distance from The University of Texas at Tyler - UT Tyler Consists of Five Professional Colleges and one Traditional College of Arts and Sciences (9,925+ Students).
- Adjacent to Chick-fil-A and Super 1 Foods. Surrounded by Numerous other National Retailers Including Walmart Neighborhood Market, Walmart Supercenter, Hobby Lobby, Natural Grocers, Walgreens and many more.
- Densely Populated Area: Features more than 103k People Residing within a 5-Mile Radius. Daytime Employment Population of 143k in the Surrounding Area. Excellent Location in Southeast Tyler - Accessible to all Major Thoroughfares. Numerous Office, Medical, & Retail Establishments in the Immediate Area. Located just South of Tyler's Hospital District.
- In Close Proximity to Christus Mother Frances Hospital Tyler - a New, State-of-the-Art, 41k+ Sq.Ft. Hospital, with a 24|7 ER, Onsite Imaging and Lab Services, and five Surgical Suites. Minutes from UT Health Tyler - a 502-Licensed Bed, General Acute Care Hospital offering Comprehensive Services to the Surrounding Communities in Tyler and East Texas.
Investment Overview
Tyler is a city in the U.S. state of Texas and the largest city and county seat of Smith County and also the largest city in Northeast Texas. With a 2019 census-estimated population of 106,991, Tyler was the thirty-eighth most populous city in Texas and 292nd in the United States. It is the principal city of the Greater Tyler metropolitan statistical area, which is the 199th most populous metropolitan area in the U.S. and 16th in Texas after Waco and the College Station–Bryan areas, with a population of 230,221 in 2018. As Northeast Texas and Smith County's major economic, educational, financial, medical and cultural hub, Tyler is host to more than 20,000 higher-education students, the University of Texas at Tyler, a university health science center, and regional hospital systems. It is also the headquarters for Brookshire Grocery Company, Cavender's, Southside Bank, and Synthesizers.com. Other corporations with major presence within the city and surrounding area include AT&T, T-Mobile US, Cricket Wireless and Metro by T-Mobile, Chase Bank, BBVA, Best Buy, and Walmart. Tyler is also home to the Caldwell Zoo and Broadway Square Mall.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Financing By
