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2019 Old Troup Hwy Tyler, TX 75701

8,229 SF, 100% Occupied, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional Class A, single-tenant medical office building, totaling 8,229 square feet, presents a compelling investment opportunity. Located at 2019 Old Troup Hwy, Tyler, TX 75701, this 2024-built property boasts a prime location at the retail hub of Troup Highway and Loop 323. The property features a fresh ten-year absolute triple-net (NNN) lease with Touchstone Medical Imaging, LLC, a reputable national operator with over fifty locations. The lease includes a 2% annual rent increase, ensuring consistent income growth. The tenant is responsible for all expenses except roof and structure maintenance. The building is 100% occupied as of May 1, 2024, generating a strong net operating income (NOI) of $255,592. Its strategic location offers close proximity to UT Health Tyler, the University of Texas Tyler campus, and Healthsouth Rehab Hospital of Tyler, ensuring high visibility and accessibility. The property is zoned for commercial use and represents a stable, low-risk investment with significant long-term potential. This single-story building is part of a thriving medical corridor, making it an ideal asset for discerning investors seeking a high-performing, stabilized investment. The landlord may charge a management fee.

Highlights

  • 8,229 SF Class A medical office building.
  • Single-tenant, absolute NNN lease.
  • 100% occupancy with a new 10-year lease starting May 1, 2024.
  • $255,592 annual NOI.
  • Located at a prime retail hub in Tyler, TX, near UT Health Tyler and other medical facilities.
  • New construction (2024).

Property Details for 2019 Old Troup Hwy

Property type
Office properties, Medical offices
Square Feet
8,229 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Units
1

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.3154247
Longitude
-95.2743618

FAQs

What type of property is this?
Office property - 8,229 SF, 100% Occupied, NNN Lease
Where is the office property located?
The property is located at 2019 Old Troup Hwy Tyler, TX.
What are key features of this property?
This property features: 8,229 SF Class A medical office building.; Single-tenant, absolute NNN lease.; 100% occupancy with a new 10-year lease starting May 1, 2024.
How can I contact the broker?
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2019 Old Troup Hwy
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