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The Commons 5868 Old Jacksonville Hwy 17,828 SF 100% Leased Retail Building Tyler, TX 75703 $10,356,479 CAD ($580.91 CAD/SF) 6.15% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 17,828 SF center built in 2019; 100% occupied with national and regional tenants
  • Anchored by busiest regional Walmart Neighborhood Market (According to Placer.ai)
  • Current Net Operating Income: $456,275 with 10% escalations on 5 out of the 6 leases
  • Located on Old Jacksonville Hwy (34,398 VPD) in one of Tyler’s most active retail corridors
  • Two drive-thru endcap suites with high visibility
  • Within a 1-mile radius: 1,450 households, $159,943 average household income, and adjacency to new residential and retail development

EXECUTIVE SUMMARY

The Commons is a fully leased, 17,828-square-foot Class A retail center located along Tyler’s premier commercial corridor—Old Jacksonville Highway. Built in 2019, the property spans nearly 2 acres and features two endcap spaces with drive-thrus, a well-balanced tenant mix, and a modern layout tailored to today’s retail standards.
Tenants include nationally recognized brands like Starbucks, McAlister’s Deli, and Pet Supplies Plus. All leases are NNN with scheduled rent increases, supporting predictable, year-over-year income growth. Surrounded by high-density multifamily, affluent neighborhoods, and major national retailers, the center benefits from consistent traffic and long-term positioning in the market.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
17,828 SF
Building Class
B
Year Built
2019
Price
$10,356,479 CAD
Price Per SF
$580.91 CAD
Cap Rate
6.15%
NOI
$636,923 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.93 AC
Zoning
C - C-1
Parking
102 Spaces (5.72 Spaces per 1,000 SF Leased)
Frontage
220’ on Old Jacksonville Hwy

AMENITIES

  • Restaurant
  • Signage
  • Tenant Controlled HVAC
  • Drive Thru
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning
  • Smoke Detector

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Luxx Nails Spa
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Nearly three decades ago, a dentist from Oxford, Mississippi had a vision to turn an abandoned movie-set diner into a small, yet charming, neighborhood restaurant and gathering place. That vision became a reality when the first McAlister’s opened its doors in 1989. The menu then would still feel familiar today, packed with crave able sandwiches, spuds, and salads - and of course, their famous McAlister’s Sweet Tea. Not only has the menu remained true to its roots, so have the values. Today, they have restaurants throughout the United States, the brand remains dedicated to serving great food with genuine hospitality. Customers are invited to come for the food and stay for the experience. They can bring family, meet neighbors, celebrate big wins with teammates, or make new friends that share the same love for sweet tea and sandwiches – because at McAlister’s, the table is always yours.

  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Pet Supplies Plus is a leading U.S. pet retail chain providing a wide range of pet food, supplies, and services, including grooming and self-service dog washes. Founded in 1988, the company operates on a neighborhood store model, combining convenience with personalized service. With hundreds of franchised and corporate-owned locations, Pet Supplies Plus emphasizes affordability, accessibility, and community engagement, making it a trusted destination for pet owners nationwide.

  • Starbucks
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Luxx Nails Spa Services 99,999 SF - Lorem Ipsum -
Accommodation and Food Services 99,999 SF - Lorem Ipsum -
Retailer 99,999 SF - Lorem Ipsum -
Starbucks Accommodation and Food Services 99,999 SF - Lorem Ipsum -

NEARBY MAJOR RETAILERS

Starbucks
Walmart Neighborhood Market
Dutch Bros
Verabank
Anytime Fitness
PJ's Coffee of New Orleans
CrossFit
Origin Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-50000-1554-03-008010
Land Assessment
$786,845 CAD
Improvements Assessment
$2,671,374 CAD
Total Assessment
$3,458,219 CAD
  • Listing ID: 36273860

  • Date on Market: 2025-06-16

  • Last Updated:

  • Address: 5868 Old Jacksonville Hwy, Tyler, TX 75703

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