SOLD | Whataburger Retail Center

SOLD | Whataburger Retail Center

16772 FM 2493
Tyler, TX 75703
  • INVESTMENT SALE FOR SALE
  • East Texas | Tyler
  • Building Size: 8,089
  • Total SF: 8,089
  • Total Acres: 1.75
  • GLA(SF): 8,089
  • CONTACT FOR MORE INFORMATION
  • Percentage Leased: 100%
Overview

• The center is anchored by Whataburger, a national credit tenant whose lease does not expire until 2028.
• Both Whataburger and Bank OZK have extensions built into the leases, and Bank OZK recently exercised their first option to extend for two years.
• Property is located just north of the intersection of Saline Creek Road and FM 2493; this intersection sees traffic of over 20,000 vehicles per day.
• The property is located in the budding market of Tyler, TX. Within 3-miles of the center, population is expected to grow over 8.5% over the next 5 years.
• The trade area also benefits from strong demographics, with average household incomes in the 1-mile radius of the center being nearly $124,000 and average home values of almost $320,000.

Traffic Counts
FM 2493:
16,451 vpd
Saline Creek Rd:
5,508 vpd
Demographics
YEAR 2019 1 Mile 3 Mile 5 Mile
Total Population 2,231 16,836 43,499
Total Households 830 6,253 18,089
5 Year Population Growth 7.35% 8.86% 7.17%
Average Household Income $123,891 $116,966 $99,212