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Chevron 3801 Chandler Hwy 6,053 SF Retail Building Tyler, TX 75702 $6,204,865 CAD ($1,025.09 CAD/SF) 6.75% Cap Rate



INVESTMENT HIGHLIGHTS
- Personal Guaranteed 15-Year Sale Leaseback | Scheduled Rental Increases
- Across From Westwood Shopping Mall | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Chevron investment property located in Tyler, Texas. The tenant, Chevron, recently signed a brand new 15-year lease, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,053 SF
Building Class
B
Year Built/Renovated
1978/2010
Price
$6,204,865 CAD
Price Per SF
$1,025.09 CAD
Cap Rate
6.75%
NOI
$418,776 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.71 AC
Zoning
C-2 - General Commercial
Parking
25 Spaces (4.13 Spaces per 1,000 SF Leased)
Frontage
338’ on State Highway 31 West
AMENITIES
- Corner Lot
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1-50000-0907-00-003040 | Improvements Assessment | $606,579 CAD |
| Land Assessment | $396,428 CAD | Total Assessment | $1,003,007 CAD |
PROPERTY TAXES
Parcel Number
1-50000-0907-00-003040
Land Assessment
$396,428 CAD
Improvements Assessment
$606,579 CAD
Total Assessment
$1,003,007 CAD
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Chevron | 3801 Chandler Hwy
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