3910 Broadway Ave Tyler, TX 75701

This exceptional investment opportunity presents a 6,370 square foot auto shop, fully renovated in 2024, situated on a 0.6-acre lot at 3910 S Broadway Ave, Tyler, TX 75701. The property boasts a strong 10-year net lease with a corporate guarantee from Brakes Plus, a reputable company operating over 160 locations across six states. The lease commenced November 1, 2024, and includes five 5-year renewal options with a 10% rent increase every five years throughout the primary term and options. The property generates a substantial net operating income (NOI) of $90,000, resulting in a compelling 6.00% cap rate. Located on Tyler's busiest retail corridor (S. Broadway Ave, with over 42,690 vehicles per day), the property benefits from its proximity to Broadway Square Mall, a major retail center with over 625,000 square feet of retail space and 80+ retailers. The surrounding area showcases a high average household income exceeding $130,000 within a one-mile radius. This property offers a secure, high-return investment with a long-term tenant and significant upside potential. Built in 1988, the building enjoys 100% occupancy and benefits from the strong demographics of Tyler, Texas, the largest community in East Texas, with a population exceeding 241,750. The asking price is $1,500,000, translating to $235.48 per square foot.