For Sale
$2,860,000

6718 Broadway AveTyler, TX 75703

High-demand, 7200 sq ft medical office, 12-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
117
This 7,200 square foot, single-tenant medical office building is located at 6718 S Broadway Ave, Tyler, TX 75703. Situated on a 0.989-acre lot in Smith County, this property boasts a prime location in the heart of South Tyler, directly across from a Walmart Supercenter and adjacent to Don's TV and Appliance Center. The building, originally constructed in 2015 and renovated in 2020, features a modern, well-designed layout adaptable to various uses. Currently occupied by an upscale nail spa, it previously served as an emergency room medical clinic. The property offers 45 parking spaces and is zoned C-2 commercial. The asking price is $2,860,000, with a 12% cap rate and a remaining lease term of 12 years under a NNN lease. The building enjoys 100% occupancy. This presents a strong investment opportunity in a high-traffic area with established businesses and convenient access to major retailers. The property's versatility and location make it an attractive option for a variety of medical or commercial uses.

Highlights

  • $2,860,000 asking price.
  • 7,200 square foot medical office building.
  • NNN lease, single tenant, 12 years remaining.
  • 12% cap rate, 100% occupancy.
  • 0.989-acre lot in Tyler, TX, with 45 parking spaces and C-2 zoning.

Property Details for 6718 Broadway Ave

Property type
Specialty properties, Retail properties
Square Feet
7,200 SF
Lot Size (sq. ft)
43,081 SF

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.2756142
Longitude
-95.3061119
6718 Broadway Ave, Tyler, Texas

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6718 Broadway Ave
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