Tyler TX - Walgreens

Description:

Rare Walgreens Absolute NNN Ground Lease resulting in a low rent and price point
Built-in rent increases at the start of each option period provide a hedge against inflation
Excellent access and visibility – located on Broadway Avenue, a major north-south thoroughfare, 1.5 miles south of Downtown Tyler
Strong retail traffic corridor – situated on Broadway Avenue (~29,100 ADT) in between 4th Street (~21,900 ADT) and 5th Street (~22,300 ADT)
High income area – Average Household Income of approximately $84,500 within a 1-mile radius and projected to increase to $96,000 by 2029 (~13.8% increase)

Located across 5th Street from Baylor Scott & White Texas Spine & Joint Hospital, an acute care orthopedic hospital with over 3,645 total patient days and $684 million in revenue, ranked in the top 10% nationally for patient satisfaction by Press Gainey
1 mile southwest of UT Health Tyler, an acute care hospital is home to the region’s only Level 1 trauma center. With a total patient day of 16,537 and $16.8 Million in revenue.
1 mile west of Tyler Junior College, one of the largest community colleges in Texas, with 306 full-time faculty members, 248 part-time faculty members, and over 12,000 students enrolled
Texas is an Income Tax-Free State