Description
Excellent Opportunity for a 1031 Exchange:100% Occupied - Long Term Leases 520 N. Main Street, Lindale, Texas presents an attractive opportunity to acquire a 100% occupied, income-producing commercial property in one of East Texas' growing communities. The approximately 5,140-square-foot building built in 2013, is strategically positioned along the US Highway 69 Main Street corridor, providing excellent visibility and convenient access to Lindale's primary commercial areas, Interstate 20, Tyler and the surrounding East Texas market. The property is 100% occupied with long-term NNN leases, providing stable income while passing the tenants' pro-rata share of property taxes, insurance and maintenance through to the tenants. Long term leases, with five years remaining and annual rental escalations. The property benefits from its location on the heavily traveled US 69 corridor. TxDOT-sourced traffic data for US 69 North in the Lindale area reports approximately 21,349 vehicles per day, while the nearby I-20 US 69 intersection carries substantially higher traffic volumes, reinforcing the property's accessibility and exposure within this important commercial corridor. With 100% occupancy, long-term leases, contractual rent escalations, NNN expense reimbursements and a highly visible Main Street location, 520 N. Main offers an investor the opportunity to acquire a stabilized commercial asset with predictable income and limited near-term leasing exposure.
Details
| MLS # | 21356862 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 2013 |
| Days On Site | 25 |
| Listing Provided By | Stewart & McGee Real Estate | Julie Stewart |
Features
| SQ Feet | 5,140 |
|---|---|
| Story(s) | 1 |
| Zoning | COMMERCIAL |
| Acreage | 0.76 |
Interior
| Cooling | Electric |
|---|---|
| Heating | Electric |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Rock/Stone, Stucco |
| Foundation Details | Slab |
Parking
| Parking Features | On Site |
|---|
Utilities
| Utilities | City Sewer, City Water |
|---|
Taxes
| Unexempt Taxes | 15106 |
|---|---|
| Tax Lot | 3 |
| Tax Legal Description | DAYSTAR PLAZA LOT 3 2018 NEW SUBD |
Area Information
| State | TX |
|---|---|
| County | Smith |
| City | Lindale |
| Zip Code | 75771 |
| Area | Smith |
| Community Name | Daystar Plaza |
| Listing VS Median (in Daystar Plaza) | |
Price: $925,000 low | high Med: $925,000 sqft: 5,140 low | high Med: 5,140 $ / sqft: $180 low | high Med: $180 On site: 25 low | high Med: 25 | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Smith |
| City | Lindale |
| Zip Code | 75771 |
| Area | Smith |
| Community Name | Daystar Plaza |
| Listing VS Median (in Daystar Plaza) | |
Price: $925,000 low | high Med: $925,000 sqft: 5,140 low | high Med: 5,140 $ / sqft: $180 low | high Med: $180 On site: 25 low | high Med: 25 | |
Listings courtesy of Austin Board of REALTORS® MLS as distributed by MLS GRID.
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