SOLD | Whataburger Retail Center
16772 FM 2493Tyler, 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%
• 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.
- FM 2493:
- 16,451 vpd
- Saline Creek Rd:
- 5,508 vpd
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 |