Broadway Retail

DuWest Realty Investment Services has been exclusively retained to market for sale Broadway Retail ("The Property") in Tyler, Texas. The property is a 17,067 SF multi-tenant property featuring triple net leases. This retail location was built in 2015 on a highly visible corner of S Broadway Avenue (combined 67,683 VPD) in Tyler's most prominent retail node.

The property sits on a dynamic intersection (S Broadway Ave and W Grande Blvd). In front of the property, S Broadway Blvd. sees over 46,000 vehicles per day while W Grande Blvd sees nearly 22,000 vehicles per day. The Property benefits from a dense and affluent daytime population of 50,992 within 3 miles that balloons to 128,072 people within 5 miles. Moreover, there is a large concentration of retail, schools, and residential units within one square mile of the property featuring major tenants such as Walmart Supercenter, Target, and the prestigious private members-only Hollytree Country Club.

Broadway Retail features an e-commerce resistant tenant line up of fitness, food & beverage and service offerings. The tenancy features a loyal tenant base. The largest tenant, B-Fit Tyler features a healthy monthly membership list as well as ancillary services that include private training, boot camps and nutritional coaching. B-Fit has 165 google reviews with a perfect rating of 5.0. Another Broken Egg has seen over 226,000 visits since they opened last year at this location and Nirvana Nail Spa has the longest tenure at the site--nearly 9 years.

The acquisition of Broadway Retail offers investors a strong multi-tenant line up, 100% occupied, with room for future growth. The property is in an excellent trade area and the site is positioned to retain value long-term as growth in the area continues.