It is a supermarket for sale in Tyler, Texas.
Description
The total area of a single-storey building is 1,026 m².
The plot of 4,492 m².
The restaurant was constructed in 2008 and now is in excellent condition.
The property is fully leased out to two tenants.
Absolute income is 76,012 $.
The current yield of 6,9%.
The anchor tenant is apparel supermarket It's Fashion Metro, a subsidiary of Cato Corporation.
Cato Corporation was founded in 1946 and has more than 1,300 branches is the USA. Revenue of the company exceeds $ 900 million.
The lease agreement is signed until 2019 with extension options for 3x5 years. Each option provides indexation of rental rate by 6–7%.
The second tenant is a service center for smartphones.
The lease agreement was signed in 2015 for 2 years.
