520 N MainLindale, TX 75771

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.

Property Information

Property type

Commercial Sale

Sub-type

Office

Year built

2013

Stories

1

Building area

5,051 Sq Ft

Lot size

0.76 acres

Days on market

69

MLS^® Listing#

21356862

Property Features

Cooling

Electric

Heating

Electric

Flooring

Laminate · Tile

Parking

On Site

Construction

Stucco · Stone

Foundation

Slab

Roof

Composition

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$15,106

Parcel number

120360000000003000

Directions

From Tyler - take loop 323 South, go to 69 Mineola Hwy. turn left go 11 miles and 520 N. Main in on the right. Edward Jones is in the same building.