Red Barn Square
Tyler, Texas
Executive Summary
Investment Highlights
- Shadow Anchored by Walmart Supercenter
- Fully Stabilized
- Ample Parking
- High End Construction Finishes
- Most Dominant Retail Node in Tyler
DuWest Realty Investment Services has been exclusively retained to market for sale Red Barn Square ("The Property") in Tyler, Texas. The property is a 9,545 SF ‘‘all end-cap’’ multi-tenant property featuring triple net leases. This retail location was built in 2016 in front of highly visited Walmart Supercenter (3.1 million visits) in Tyler's most prominent retail node.
The property is located along highly visible S Broadway Ave. S Broadway Blvd. sees over 46,059 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 Hollytree Country Club.
Red Barn Square features a fully stabilized multi-tenant line up of all food & beverage concepts. The tenancy features a loyal tenant base looking for diverse mix of casual to upscale, unique and delicious food offerings. All tenants offer patio seating for customers to enjoy and Bahama Bucks features a desirable end cap drive through option.
The acquisition of Red Barn Square offers investors a strong multi-tenant line up that is 100% occupied with long-term tenants. The property is in an excellent trade area and the site is positioned to retain value long-term as growth in the area continues.