2017 RETAIL MARKET SURVEY TYLER, TEXAS · Burns Commercial Properties (903) 534-1200 1950 159,892...

BURNS COMMERCIAL PROPERTIES 2017 RETAIL MARKET SURVEY TYLER, TEXAS

The Retail Market Survey compiled by Burns Commercial Properties reveals that the retail sector

continues to be the strongest sector of the Tyler commercial real estate market.

The seventy four properties surveyed (up from sixty eight last year) currently report an occupancy rate

of eighty seven percent, almost identical to the eighty seven and one half percent level in last year’s

survey.

The average asking rate for leases stands at $17.88 per square foot per year, an increase from the

$16.83 rate calculated in the 2016 report.

The total amount of retail space represented by the participating properties is 3,385,009 square feet, an

increase of 105,192 square feet. The amount of vacant space stands at 445,421 square feet, up from

407,081 square feet. The total absorption of space during the year was 66,852 square feet.

The problems existing nationwide which major retailers are struggling with concerns the increased

tendency of shoppers to purchase goods online rather than in stores. A number of major chains have

been closing stores due to a downturn in sales. Thus far, Tyler has experienced the closing of the Macy’s

Department store and Gordmans. Another negative occurrence in the local market has been the recent

closing of several restaurants, some of which occurred after the data for this report had been obtained.

This trend could become more pronounced in Tyler during the current year as the retail sales taxes

collected by the City of Tyler decreased in calendar year 2016.

Because of the impact of online shopping, plus the large amount of retail space constructed in the past

three years, it is likely that additional large retail centers will not be considered prudent by developers

and lenders.

Forty of the centers surveyed reported occupancy rates of ninety percent or higher. The bulk of the

properties which reported a large percentage of vacant spaces are either older properties or newly

constructed centers which are still in the lease up stage.

This survey does not include Broadway Square Mall or single tenant free standing properties.

Thanks to the owners and Property Managers who provided the data necessary to complete this report,

and to Rebecca Hitt of the Burns Commercial Properties staff for compiling it.

Taylor Burns

2017 Retail Market Survey

Presented by Burns Commercial PropertiesTyler, TX - Spring 2017

Property Owner Contact Year Built

Current

Occupancy

Largest

Available

Sapce Anchor Tenants

Alexander Plaza

6710 S. Broadway Ave.

Southern Classic

Holdings, LLC

Matthew Marshall

Drake Real Estate & Investments

(903) 581-3737

2016 6,500 SF 100% 0 SF $35.00 /SF $6.00 /SF 0 Taziki's, America's Best

Beckham/Fifth Street

E. Fifth Street

Briarwood Group,

LTD

Martin Heines

Real Estate Services

(903) 593-2367

1965 90,000 SF 100% 0 SF $10.00 /SF $1.25 /SF 0 Big Lots, ETMC


SE CornerPollard-Heines

Martin Heines


(903) 593-2367

1994 7,000 SF 100% 0 SF $14.00 /SF $4.00 /SF 0 Jersey Mike's, The Catch, Amelia's Sweetery


SW CornerPollard-Heines

Martin Heines


(903) 593-2367

1965 32,500 SF 90% 3,400 SF $10.00 /SF $1.20 /SF 1,250 Miscellaneous small retail

Bergfeld Center

Broadway @ Eighth St.

Bergfeld

Center, LP

Julius Bergfeld

Bergfeld Realty

(903) 592-1032

1948 157,717 SF 95% 7,100 SF$10.00 -

$16.00/SF Gross Rent /SF 4,728

Brookshire's, Luby's, CVS Pharmacy, The

Egg & I

Broadway Center

2125 S. Broadway

P.D. Capital

Broadway Center

Tyler, LLC

David Adams

The Woodmont Company

(817) 732-40001963 60,000 SF 87% 8,000 SF $15.00 /SF $3.15 /SF 4,448 Steinmart, Dollar Tree

Broadway Crossing

5600 S. Broadway

Broadway Crossing,

LTD

Art Mullan

Signature Management

(903)526-0880

1992 135,151 SF 100% 0 SF $20.00 /SF $3.60 /SF 0Drug Emporium, Marshall's, Best Buy,

Petsmart, Shoe Carnival

Broadway Hills Plaza

7925 S. BroadwayCHB Interests, LLC

Matthew Marshall


(903) 581-3737

2009 10,075 SF 100% 0 SF$22.00 -

$24.00/SF $6.00 /SF 0

Pizza Hut, Complete Business Systems,

Edible Arrangements, Sprint

Broadway Market Center

4901-4949 Broadway AveDunhill Partners

Andy Crosland

Dunhill Partners

(956) 631-2651

2001 94,000 SF 100% 0 SF$28.00 -

$34.00/SF $4.77 /SF 0

Ross Dress For Less, Avenue, Jason's Deli,

Starbucks, Stage, Eyeglass World

Brookside Village

531 WSW Loop 323

The Genecov Group,

Inc

Mark Whatley

Burns Commercial Properties

(903) 534-1200

1983 38,092 SF 92% 3,195 SF $12.00 /SF $3.43 /SF 1,988 Chili's, 360 Fitness

Total Size Quoted Rent NNN Charges

Current

Vacant




Current

Occupancy

Largest

Available

Sapce Anchor TenantsTotal Size Quoted Rent NNN Charges

Current

Vacant

Corner @ Chapel Hill, The

11980 Hwy 64 E.

Forster & Giles

Investments

Matthew Marshall


(903) 581-3737

2005 8,684 SF 30% 6,100 SF $13.00 /SF $2.00 /SF 6,100 Subway, Farmers Insurance

Epperson Plaza

5625 S. BroadwayPatricia Potts

Matthew Marshall


(903) 581-3737

1978 12,845 SF 40% 7,676 SF $16.00 /SF $3.00 /SF 7,676 Broadway Dental, T-Mobile

Fifth & Fleishel

E. Fifth St./Fleishel

Fernando Martinez

&

Jose Martinez

Glenn Eikner


(903) 534-1200

1960 22,289 SF 100% 0 SF $10.00 /SF $2.51 /SF 0Payless Shoes, Jackson Hewitt Tax Service,

Roast Chicken Social Kitchen

Fountains at Chimney Rock

5730 Old Bullard Rd

(Cover Photo)

KPE Investments, LLC

Mark Whatley


(903) 534-1200

2011 31,007 SF 100% 0 SF $26.00 /SF $7.33 /SF 0 Panera Bread, Jos A Bank, Michael's

French Quarter

S. Broadway/Loop 323

Lasaters French

Quarter

Bridgett Mauritzen

Property Manager

(903) 561-6644

1976 141,220 SF 89% 16,000 SF Negotiable /SF $4.40 /SF 12,000Pier One Imports, Boot Barn, Jared's

Jewelers

Front & Beckham

Beckham/E. Front St.

The Genecov Group,

Inc

Glenn Eikner/Aaron Uncapher


(903) 534-1200

1956 65,691 SF 76% 15,674 SF$6.00 -

$8.00/SF $1.27 /SF 9,780 Family Dollar, Ladies Time, Rent-A-Center

Gateway Plaza

5361-5403 S. Broadway

The Genecov Group,

Inc

Mark Whatley


(903) 534-1200

1999 49,675 SF 100% 0 SF $16.00 /SF $3.53 /SF 0 Office Max, Racquet & Jog

Gateway Towers

5380 Old Bullard Rd

The Genecov Group,

Inc

Mark Whatley


(903) 534-1200

2009 10,494 SF 100% 0 SF $14.00 /SF $3.97 /SF 0UPS Store, Social Security Office, Pottery

Café

Green Acres Shopping Center

1700 - 1880 Troup Hwy

The Genecov Group,

Inc

Glenn Eikner/Blair Swaim


(903) 534-1200

1950 159,892 SF 84% 25,464 SF$8.50 -

$10.00/SF $2.23 /SF 6,604

Cardiovascular Associates of East Texas,

Dollar General, Sherwin Williams, Katie's

Heritage Retail Center

301 W Heritage Dr.301 W. Heritage, LLC

Don Simmons

Simmons Real Estate

(903) 581-5858

2008 11,483 SF 100% 0 SF $16.00 /SF $4.50 /SF 0 Salon Boutique




Current

Occupancy

Largest

Available


Current

Vacant

Highland Village

3826 Troup HwyC.G. Investments

Greg Caton

Caton Property Group

(903) 939-9849

2000 46,650 SF 100% 0 SF $12.00 /SF $1.89 /SF 0Card & Party, Dollar Tree, Anytime Fitness,

Renal Care Group

Kinsey Crossing

1400 WSW Loop 323One Tyler, LLC

Marc Ivy

Bridgewater Realty Group

(903) 881-3171

2014 24,090 SF 88% 3,000 SF $22.50 /SF $5.00 /SF 3,000Rounder's Pizza, Dunkin Donuts/Baskin

Robbins

KNB - Gresham Center

16637 Old Jacksonville Hwy

Kilgore National

Bank

Matthew Marshall


(903) 581-3737

2006 8,000 SF 25% 6,000 SF $12.00 /SF $3.50 /SF 6,000 Donut Palace

La Piazza

4815 Old Bullard Rd.

Hooper Tyler

Properties

Robert Means

(903) 594-88802008 33,250 SF 76% 8,000 SF $22.00 /SF $6.25 /SF 8,000 Harley's, Bridgette's, Dakota's Steak House

Lincoln Plaza

2215 - 2235 W. Gentry

The Genecov Group,

Inc



(903) 534-1200

1970 33,723 SF 100% 0 SF $10.00 /SF $1.99 /SF 0 UT Health Science Center

Lone Star Center

2500 Block, E. Fifth St.

The Genecov Group,

Inc



(903) 534-1200

1960 25,537 SF 68% 8,248 SF $8.50 /SF $1.83 /SF 4,197 Tyler Fung Fu

Loop East Center

Loop 323/E. Fifth St.Roosth Properties

Dan Spivey

Roosth Properties

(903) 593-8333

1968 79,089 SF 72% 21,928 SF $10.00 /SF $2.00 /SF 9,913 Brookshire's

Macy's Plaza

4700 S. Broadway

The Genecov Group,

Inc

Mark Whatley


(903) 534-1200

1982 30,784 SF 81% 5,799 SF $15.00 /SF $4.13 /SF 3,513 Dressin' Gaudy, SAS Shoes, Cookie Bouquet

Macy's II

4820 S. Broadway

The Genecov Group,

Inc

Mark Whatley


(903) 534-1200

1978 63,613 SF 100% 0 SF $11.00 /SF $3.23 /SF 0 Natural Grocers, Ashley Furniture

Market, The

2210 Three Lakes Parkway

Mehling Family

Partnership

Matthew Marshall


(903) 581-3737

2013 16,900 SF 71% 4,900 SF$16.00 -

$24.00/SF $5.25 /SF 3,101 ETMC, Yoga Spot, Moss




Current

Occupancy

Largest

Available


Current

Vacant

Midway Plaza

7484 S. BroadwayRoosth Properties

Dan Spivey

Roosth Properties

(903) 593-8333

2010 12,575 SF 84% 2,061 SF $23.00 /SF $4.84 /SF 2,061 Wing Stop, TCBY, Subway

Newk's Center

3985 Old Jacksonville Hwy

Albriton Properties,

LLC

Matthew Marshall


(903) 581-3737

2008 11,510 SF 66% 3,856 SF $14.00 /SF $5.00 /SF 3,856 Newk's

Oak Hills Plaza

2251 Three Lakes ParkwayRecarr

Greg Caton


(903) 939-9849

2015 10,000 SF 60% 4,000 SF$22.00 -

$25.00/SF $5.00 /SF 10,000 Little Caeser's, Tea to Go, Nail Salon

Off Broadway I

2301 S. BroadwayRosebriar

Rob Adams

(573) 268-9928

Greg Caton

(903) 939-9849

1984 44,064 SF 53% 20,782 SF$10.00 -

$12.00/SF $3.13 /SF 9,804

Gray's Home Fashion Gallery, Style Salon,

Healthy Smiles, Allstate Insurance, Seafood

Shack

Olde English Village

3400 S. BroadwayWoodcrest

Russell Patterson

Patterson Commercial Properties

(903) 597-1801

1978 79,831 SF 64% 29,000 SF Negotiable /SF $2.75 /SF 5,000 Mattress Store, Wok Box, RDA Promart

Pavillion Center

4900 S. BroadwayReiff & Gievertz

Art Mullan


(903)526-0880

1994 30,670 SF 100% 0 SF $20.00 /SF $5.00 /SF 0 Barnes & Noble, CVS Pharmacy

Pine Corners

3825 Hwy 64 WestLNR Partners, LLC

David Adams

The Woodmont Company

(817) 732-40002005 32,196 SF 79% 6,670 SF $18.00 /SF $4.68 /SF 2,744 Dollar Tree, Anytime Fitness

Pine Tree Shopping Center

Highway 64 West

Pine Tree

Association

Art Mullan


(903)526-0880

2004 19,160 SF 77% 4,400 SF $17.50 /SF $5.00 /SF 4,400 Catos, Gamestop, UPS Store, Payless Shoes

Point at the Ridge, The

7006 Highlands LaneMBMWP, LLC

Greg Caton


(903) 939-9849

2016 10,500 SF 100% 0 SF$22.00 -

$25.00/SF $5.00 /SF 10,500 Great Clips, Clothes Mentor

Progress Center

5524 Old Jacksonville HwyTravis Pierce

Matthew Marshall


(903) 581-3737

2010 8,642 SF 100% 0 SF $15.00 /SF $4.50 /SF 0Progress Cleaners, I Love Kickboxing,

Statefarm Insurance, Donut Palace




Current

Occupancy

Largest

Available


Current

Vacant

Regency Center

6009 S. Broadway

Eltife Regency

Center, LTD

Mark Whatley


(903) 534-1200

1984 23,200 SF 100% 0 SF $10.00 /SF $4.37 /SF 0Susan Robinson Jewelry, Sharman's Sewing

Center, Current's Restaurant

Ridge at Oak Hills, The

6899 Oak Hill Blvd.

Paloma Properties,

LLC

Greg Caton


(903) 939-9849

2012 13,934 SF 79% 2,954 SF $22.00 /SF $5.00 /SF 1,980El Charro's Restaurant, Katie's, Tyler Hot

Yoga

Rose Plaza

4023 S. BroadwayRoosth Properties

Dan Spivey

Roosth Properties

(903) 593-8333

1976 105,761 SF 68% 33,999 SF $12.00 /SF $1.81 /SF 24,178Dollar General, Advance Auto Parts, Safelite

Auto Glass, Wally's Card & Party Factory

SEC Center

3320 Troup HwySEC Investments

Matthew Marshall


(903) 581-3737

2010 4,800 SF 100% 0 SF $26.00 /SF 6.5 /SF 0 Salsarita's, Roost

Sherwin Williams

6516 S. Broadway

Tyler Broadway

Grande LP

Matt Wilson

(214) 572-8432

2017

renovated7,242 SF 70% 2,140 SF $25.00 /SF $4.00 /SF 2,250 Sherwin Williams

Shiloh Crossing

3101 Shiloh Rd.BESENG3, LLC

Russell Patterson


(903) 597-1801

2007 13,580 SF 89% 1,500 SF $16.00 /SF $4.62 /SF 1,500 Cato, Cash Store, Cellular City, Wash Smart

Shoppes on Broadway

6900 S. BroadwayTenants in Common

Matthew Marshall


(903) 581-3737

2005 13,500 SF 100% 0 SF $28.00 /SF $8.01 /SF 0Mattress Firm, Verizon, Scott Trade, Papa

Murphy's

Shops at Cumberland

7924 S. Broadway

The Shops at

Cumberland, LLC

Matthew Marshall


(903) 581-3737

2007 17,035 SF 86% 2,428 SF$18.00 -

$20.00/SF $5.75 /SF 2,428

The Diner, Marco's Pizza, Apple Vision,

Magic Nails, Progress Cleaners

Shops at Old Bullard

5825/5875 Old Bullard Rd.Ken Dietz, Jr.

Matthew Marshall


(903) 581-3737

2006 14,040 SF 92% 1,170 SF $18.00 /SF $5.33 /SF 1,170Sake Sushi, Smallcakes, Tru Tan, Apricot

Lane, Writing Horse

Shops at Shiloh Rd., The

5011 Troup HwyBCTS Partners

Matthew Marshall


(903) 581-3737

2008 15,350 SF 94% 985 SF $18.00 /SF $4.75 /SF $985.00Whataburger, Chase Bank, CEFCO Fuel C-

Store, Shiloh Family Dental




Current

Occupancy

Largest

Available


Current

Vacant

Southeast Crossing

2310-2316 ESE Loop 323

Negem Investments,

LLC

Glenn Eikner


(903) 534-1200

1983 15,518 SF 74% 3,984 SF$12.00 -

$15.00/SF $1.71 /SF 3,984 Rent-A-Center, Chelle Salon, State Farm

Southeast Crossing

3320 Troup HwyMC Tyler One, LP

Bob Myers

Myers Commercial

(214) 751-7550

1984 57,610 SF 90% 6,000 SF$8.00 -

$14.00/SF $3.50 /SF 2,277

Portofino's Italian Restaurant, U.S. Post

Office

Southern Classic Center


Southern Classic

Holdings, LLC

Matthew Marshall


(903) 581-3737

2014 4,401 SF 100% 0 SF $34.50 /SF $7.00 /SF 0 Cash Store, Mattress HQ

Southland Plaza West

631, 701-755 S. Beckham

The Genecov Group,

Inc

Glenn Eikner/Blair Swaim


(903) 534-1200

1965 22,085 SF 97% 598 SF $12.00 /SF $3.24 /SF 598Papa John's, Schlotzsky's, Nova Medical

Centers

Southpark Center

Loop 323/Troup Hwy

Tyler Southpark

Center, LP

Walter Northcutt

Beer Wells Real Estate Services - East

Texas

(903) 753-2191

1983 91,777 SF 93% 6,000 SF $14.00 /SF $3.83 /SF 2,999 Wal-Mart, Bealls Department Store

South Towne Center #1

6421 S. Broadway Sword Waldie, LLC

Greg Caton


(903) 939-9849

2015 17,066 SF 86% 2,390 SF $35.00 /SF $5.66 /SF 2,390 Grub Burger Bar


6611 S. BroadwaySword Waldie, LLC

Greg Caton


(903) 939-9849

2015 4,800 SF 100% 0 SF $35.00 /SF $5.66 /SF 0 Salsarita's, Bahama Bucks


6611 S. Broadway Sword Waldie, LLC

Greg Caton


(903) 939-9849

2016 2,167 SF 0% 2,167 SF $35.00 /SF $5.66 /SF 2,167 Pallio's Pizza

Sunset Plaza

1909 ESE Loop 323

The Genecov Group,

Inc

Mark Whatley


(903) 534-1200

1992 108,454 SF 100% 0 SF $10.00 /SF $2.33 /SF 0 Hobby Lobby, Ivan Smith Furniture

Swann's Plaza

7328 Old JacksonvilleOKBA Enterprises

Greg Caton


(903) 939-9849

2015 24,000 SF 54% 11,000 SF $20.00 /SF $5.00 /SF 19,000 Swann's Furniture & Design




Current

Occupancy

Largest

Available


Current

Vacant

Tanglewood East

Loop 323 & E. Fifth StreetPyle Properties

Brad Donley

Pyle Properties

(903) 509-8161

1986 42,119 SF 74% 11,000 SF Negotiable /SFGross

Rent/SF 8,908 Granary Health Foods

Tanglewood West

1925-1945 SSE Loop 323

The Genecov Group,

Inc

Mark Whatley/Glenn Eikner


(903) 534-1200

2004 6,067 SF 79% 1,262 SF $12.00 /SF $4.62 /SF 1,262 Subway, Medigy

Times Square

5201 S. BroadwayPyle Properties

Brad Donley

Pyle Properties

(903) 509-8161


Rent/SF 4,146 Times Square Cinema, Fitness in Training

Towne Oaks Plaza

419 WSW Loop 323

KPE Towne Oaks

Center, LLC

Mark Whatley


(903) 534-1200

2016 18,098 SF 67% 5,916 SF$24.00 -

$26.00/SF $7.50 /SF 5,916 La Madeline, Orange Theory

Troup Square

3707 Troup HwyTerry Cook, etal

Blair Swaim


(903) 534-1200

2008 13,330 SF 56% 5,901 SF $21.00 /SF $7.84 /SF 4,513 Oliveto's

Tyler Town Center

322 ESE Loop 323

Town Center Retail,

LLC

Blair Swaim


(903) 534-1200

1985 45,113 SF 97% 1,309 SF$11.00 -

$13.00/SF $2.88 /SF 1,309 Cotton Patch Café, Tuesday Morning

Villages at Oak Harbor, The

7278 Old Jacksonville HwyTrader Park, LLC

Greg Caton


(903) 939-9849

2012 8,941 SF 100% 0 SF $22.00 /SF $5.00 /SF 0New Balance Shoes, Cross-Fit, Gusano's

Pizza

The Village at

Cumberland Park

8900 S. Broadway

Tyler Broadway

Centennial, LP

Matt Wilson

(214) 572-84322014 630,000 SF 85% 96,800 SF

$18.00 -

$25.00/SF $4.75 /SF 25,000

Studio Movie Grill, Bed, Bath & Beyond, TJ

Maxx, F21, H&M, Abuelo's, FD's Grill, Zoe's

Kitchen

West Bow

1204-1218 W. Bow St.Pyle Properties

Brad Donley

Pyle Properties

(903) 509-8161


Rent/SF 2,400 Cititrends, Family Dollar, Rent-A-Center

West Erwin

2301-2415 W. Erwin St.Pyle Properties

Brad Donley

Pyle Properties

(903) 509-8161


Rent/SF 1,340 Dollar General, Supermercado del Pueblo




Current

Occupancy

Largest

Available


Current

Vacant

Westside Center

400 SSW Loop 323KH Ventures

Greg Caton


(903) 939-9849

2016 6,000 SF 100% 0 SF$22.00 -

$25.00/SF $7.88 /SF 0 Wing Stop

West Village

2467 Crow Rd.

West Village Realty,

LLC

Matthew Marshall


(903) 581-3737

2015 11,700 SF 100% 0 SF $20.00 /SF $4.80 /SF 0 Cole & Co., Sweet Frog, Primrose Path

Westwood Shopping Center

510 Loop 323/Hwy 31 WRuben Martinez

Glenn Eikner


(903) 534-1200

1983 83,092 SF 91% 7,119 SF $12.00 /SF $2.77 /SF 3,500Super Mercado, Family Dollar, Little

Caeser's, Red Hanger Cleaners

Woodcreek Village

6100 S. BroadwayYin Investments, Inc

Jo Dobbs

Interlink Real Estate

(903) 534-9292

1986 20,000 SF 90% 2,000 SF $14.40 /SF Gross Rent 2,000 Where's Rufus

TOTALS: 87% /SF439,4213,385,009 $17.88

BURNS COMMERCIAL PROPERTIES

2016 RETAIL MARKET SURVEY TYLER, TEXAS

The 2016 edition of the Burns Commercial Properties Retail Market Survey contains data which indicates that the Retail sector continues to be the

strongest category in the local commercial property market.

The construction of new retail space has continued in the past year, with over 230,000 square feet of space being added to the market during this

period. In spite of the completion of additional space, the occupancy rate remained virtually unchanged, coming in at 87.5% just below the 87.8%

level achieved in last year’s survey.

Of the sixty eight centers surveyed, forty one (sixty percent of the total) of these enjoyed occupancy rates of ninety percent or higher. Twenty four

properties quoted a one hundred percent occupancy level. A large portion of the vacant space is located in centers constructed prior to 1990.

The strong demand from retailers for space in the Tyler market has resulted in an increase in the quoted rental rates from an average of $15.73 per

square foot in 2015 to $16.83 in 2016.

The survey covers only multi-tenant retail centers and does not include Broadway Square Mall. Additionally, it does not include single tenant free-

standing buildings. A large portion of the grocery stores and restaurants typically occupy properties which fall into this category. A number of single

tenant retail and restaurant buildings have been constructed in Tyler in the past twelve months, including two WalMart neighborhood markets and

a Super One grocery.

Tyler has enjoyed a reputation as a market which produces a high level of retail and restaurant revenue per capita. The fact that a significant number

of non-Tyler residents enter the market to shop and to visit the local restaurants has resulted in a strong demand from retailers of all types. Tyler has

established a position as the retail leader in the eastern portion of Texas and is receiving an increasing amount of attention from national and retail

chains.

Thanks to the owners and Property Managers who contributed the data necessary to complete this report and to Peggie Jenkins, who compiled the

information.

Taylor Burns

BURNS COMMERCIAL PROPERTIES RETAIL MARKET SURVEY

CITY: Tyler, TX

DATE: April 2016

Property Name & Address Owner Contact Year Built Total Size

Current

Occupancy

Current Vacant

SF Quoted Rent

NNN

Charges

Largest Available

Space Anchor Tenants

Tyler Retail Market

Macy's Plaza

4700 S. Broadway

The Genecov Group Inc. Mark Whatley


(903) 534-1200

1982 30,409 SF 96% 1,334 SF $15.00/SF $4.12/SF 1,334 SF Dressin' Gaudy, SAS

Macy's II

4820 S. Broadway

The Genecov Group, Inc. Mark Whatley


(903) 534-1200

1978 63,613 SF 100% 0 SF $11.00/SF $2.87/SF 0 SF Natural Grocers, Ashley's Furniture

Tanglewood East

1700 SSE Loop 323

Pyle Properties Brad Donley

Pyle Properties

(903) 509-8161

1986 42,119 SF 74% 10,950 SF Negotiable Gross Rent 8,908 SF Granary Health Foods

Times Square

5201 S. Broadway


Pyle Properties

(903) 509-8161

1985 86,371 SF 100% 0 SF Negotiable Gross Rent 0 SF Times Square Cinema, Fitness in

Training

West Erwin St.

2301-2415 W. Erwin St.


Pyle Properties

(903) 509-8161

1960 36,551 SF 90% 3,640 SF Negotiable Gross Rent 2,260 SF Dollar General, Supermercado del

Pueblo

West Bow St.

1204-1218 W. Bow St.


Pyle Properties

(903) 509-8161

1965 31,383 SF 97% 893 SF Negotiable Gross Rent 893 SF Cititrends, Family Dollar, Rent-A-

Center

Regency Center

6009 S. Broadway

Kevin Eltife Mark Whatley


(903) 534-1200

1984 23,200 SF 100% 0 SF $10.00/SF $4.04/SF 0 SF Susan Robinson Jewelry, Sharman's

Sewing Center, Currents Restaurant

Loop East Center

2702-2756 E. Fifth St.

Roosth Properties Dan Spivey

Roosth Properties

(903) 593-8333

1968 78,089 SF 72% 21,800 SF $8.00/SF $2.00/SF 9,913 SF Brookshires

Rose Plaza

4023 S. Broadway


Roosth Properties

(903) 593-8333

1976 105,761 SF 91% 8,509 SF $10.00/SF $1.81/SF 8,509 SF Hastings, Dollar General, Advance

Auto Parts, Safelite Auto Glass,

Wally's Card and Party Factory

Front & Beckham

Beckham @ E. Front St.

The Genecov Group, Inc. Glenn Eikner

Mark Whatley


(903) 534-1200

1956 65,816 SF 85% 9,780 SF $6.00- $8.00/SF $1.31/SF 9,780 SF Family Dollar, Rent A Center, H & R

Block

Bergfeld Center


Bergfeld Center, LP Julius Bergfeld

Bergfeld Realty

(903) 592-1032

1948 167,717 SF 99% 1,443 SF $12.00-$16.00/SF Gross Rent 1,443 SF Brookshires, Luby's, CVS Pharmacy,

The Egg & I


CITY: Tyler, TX

DATE: April 2016


Current

Occupancy

Current Vacant

SF Quoted Rent

NNN

Charges

Largest Available


Tyler Retail Market

Broadway Center

2125 S. Broadway

P.D. Capital Broadway

Center Tyler, LLC

David Adams

The Woodmont Co.

(817) 732-4000

1963 60,000 SF 87% 7,800 SF $15.00/SF $3.15/SF 4,448 SF Steinmart, Dollar Tree

Off Broadway I

2301 S. Broadway

Rosebriar Rob Adams

(573) 268-9928

1984 44,010 SF 55% 24,200 SF $13.00/SF

(large spaces)

$3.13/SF 9,500 SF Gray's Home Fashion Gallery, Style

Salon, Healthy Smiles, Allstate

Insurance

Southeast Crossing

3320 Troup Hwy.

MC Tyler One, LP Bob Myers

Myers Commercial

(214) 751-7550

1984 57,610 SF 90% 6,256 SF $8.00-$14.00/SF $3.50/SF 2,277 SF Paper Plus, U.S. Post Office, Fat Catz

Southeast Crossing

2310-2316 ESE Loop 323

Negem Investments, LLC Glenn Eikner


(903) 534-1200

1983 15,498 SF 66% 5,269 SF $12.00-$15.00/SF $2.00/SF 3,984 SF Rent-A-Center, Chelle Salon, State

Farm

Lincoln Plaza

2215-2235 W. Gentry



(903) 534-1200

1970 33,637 SF 100% 0 SF $10.00/SF $1.55/SF 0 SF UT Health Northeast, Southside Bank

Westwood Shopping Center

Loop 323 @ Hwy. 31 W

Ruben Martinez Glenn Eikner


(903) 534-1200

1983 69,231 SF 99% 525 SF $12.00/SF $2.77/SF 525 SF Super Mercado Monterrey, Family

Dollar, Little Caesar's, Big Red

Hanger

Woodcreek Village

6100 S. Broadway

Yin Investments, Inc. Jo Dobbs


(903) 534-9292

1986 20,000 SF 90% 2,000 SF $14.40/SF Gross Rent 2,000 SF Where's Rufus


3400 S. Broadway

Woodcrest Russell Patterson


(903) 597-1800

1978 79,831 SF 64% 28,700 SF $10.00-$18.00/SF $2.75/SF 5,000 SF Mattress Plus, Wok Box, RDA

Promart

French Quarter

4500 S. Broadway

Lasaters French Quarter Bridgette Mauritzen

Property Manager

(903) 561-6644

1976 141,220 SF 94% 8,112 SF Negotiable $3.72/SF 8,112 SF Pier One Imports, Boot Barn, Jared's

Jewelers

Southpark Center

Loop 323 @ Troup Hwy.

Tyler Southpark Center, LP Walter Northcutt

Beer Wells Real Estate

(903) 753-2191

1983 146,583 SF 97% 58,438 SF $14.00/SF

(small space/as is)

$4.25/SF 2,999 SF Wal-Mart, Stage Stores

Brookside Village

531 WSW Loop 323



(903) 534-1200

1983 38,092 SF 87% 5,059 SF $12.00/SF $3.20/SF 1,988 SF Chili's, 360 Fitness


CITY: Tyler, TX

DATE: April 2016


Current

Occupancy

Current Vacant

SF Quoted Rent

NNN

Charges

Largest Available


Tyler Retail Market

Beckham/Fifth Streets

Beckham @ E. Fifth St.

Briarwood Group, Ltd. Martin Heines

Real Estate Svcs.

(903) 593-2367

1965 90,000 SF 100% 0 SF $8.00/SF $1.25/SF 0 SF Big Lots, ETMC


SW Corner / Beckham & Fifth St.

Pollard-Heines Martin Heines

Real Estate Svcs.

(903) 593-2367

1965 32,500 SF 90% 3,250 SF $9.00/SF $1.20/SF 1,250 SF Misc. Small Retail @ 5th & Beckham


SE Corner / Beckham & Fifth St.


Real Estate Svcs.

(903) 593-2367

1994 7,000 SF 100% 0 SF $14.00/SF $4.00/SF 0 SF Jersey Mike's, The Catch, Amelia's


Broadway @ Rice Rd.

Dunhill Partners Andy Crosland

(956) 631-2651

2001 94,000 SF 100% 0 SF $26.00/SF $4.80/SF 0 SF Ross Dress For Less, Starbucks

Lone Star Center



Mark Whatley


(903) 534-1200

1960 25,553 SF 84% 4,200 SF $8.50/SF $1.58/SF 4,200 SF Hand Me Ups, Tyler Kung Fu

Fifth & Fleishel

E. Fifth St. @ Fleishel

Fernando & Jose Martinez Glenn Eikner


(903) 534-1200

1960 23,307 SF 95% 1,250 SF $10.00/SF $2.64/SF 1,213 SF Payless Shoe Source, Jackson-Hewitt

Tax Service, Roast Social Chicken

Tyler Town Center

322 ESE Loop 323

Town Center Retail, LLC Blair Swaim


(903) 534-1200

1985 45,113 SF 90% 4,801 SF $11.00- $13.00/SF $2.99/SF 1,359 SF Tuesday Morning, Cotton Patch Café

Broadway Crossing

5600 S. Broadway

Broadway Crossing Ltd. Art Mullan


(903) 526-0880

1992 135,151 SF 100% 0 SF $20.00/SF $3.60/SF 0 SF Drug Emporium, Marshalls, Best Buy,

Petsmart, Shoe Carnival

Pavillion Center

4900 S. Broadway

Reiff & Givertz Art Mullan


(903) 526-0880

1994 30,670 SF 100% 0 SF $20.00/SF $5.00/SF 0 SF Barnes & Noble, CVS Pharmacy

Gateway Plaza




(903) 534-1200

1999 35,948 SF 100% 0 SF $16.00/SF $3.42/SF 0 SF Office Max, Racquet & Jog

Green Acres Shopping Center

1700-1880 Troup Hwy.


Mark Whatley


(903) 534-1200

1950 159,823 SF 85% 24,310 SF $8.50-$10.00/SF $1.74/SF 7,732 SF Cardiovascular Associates of East

Texas, Dollar General, Sherwin-

Williams


Sunset Plaza

1909 ESE Loop 323



(903) 534-1200

1992 108,454 SF 100% 0 SF $7.00/SF $2.54/SF 0 SF Hobby Lobby, Ivan Smith Furniture

Pine Tree Shopping Center

Hwy 64 West

Pine Tree Associates Art Mullan


(903) 526-0880

2004 19,160 SF 100% 0 SF $19.00/SF $5.00/SF 0 SF Catos

Tanglewood West

1925-1945 SSE Loop 323


Mark Whatley


(903) 534-1200

2004 6,005 SF 55% 2,705 SF $12.00/SF $4.01/SF 1,505 SF Subway, Ace Cash Express

Pine Corners

3825-3877 Hwy. 64 W

LNR Partners, LLC David Adams

The Woodmont Co.

(817) 732-4000

2005 32,196 SF 83% 5,470 SF $18.00/SF $4.68/SF 2,744 SF Dollar Tree, Anytime Fitness

Shoppes on Broadway

6900 S. Broadway

Tenants in Common Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

2005 13,500 SF 100% 0 SF $28.00/SF $8.01/SF 0 SF Mattress Firm, Verizon, Scottrade,

Papa Murphy's

Highland Village

3826 Troup Hwy.

C.G. Investments Greg Caton


(903) 939-9849

2000 46,650 SF 100% 0 SF $12.00/SF $1.89/SF 0 SF Card & Party, Dollar Tree, Anytime

Fitness, Renal Care Group

Kinsey Crossing

1400 WSW Loop 323

One Tyler, LLC Marc Ivy

Bridgewater Realty Group

(903) 881-3171

2014 24,090 SF 88% 3,000 SF $22.50/SF $5.00/SF 3,000 SF Rounder's Pizza, Duncan

Donuts/Baskin Robbins


631, 701-755 S. Beckham


Mark Whatley


(903) 534-1200

1965 22,011 SF 97% 598 SF $12.00/SF $2.72/SF 598 SF Papa John's, Schlotzsky's, Zeta Home

Health

Westside Center

400-424 SSW Loop 323

Iowa Falls Partners Burns Commercial Properties

(903) 534-1200

2007 5,382 SF 100% 0 SF $21.00/SF $7.62/SF 0 SF Subway, Federal Cash Advance

Shoppes at Cumberland

7924 S. Broadway

Brian Bateman Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

2007 17,035 SF 91% 1,501 SF $18.00-$20.00/SF $5.75/SF 1,501 SF The Diner, Marco's Pizza, Apple

Vision, Magic Nails, Progress

Cleaners

Shiloh Crossing

3101 Shiloh Rd.

BESENG3, LLC Allen Bell

Property Services

(903) 595-2805

2007 13,580 SF 89% 0 SF $15.00-$17.00/SF $4.62/SF 1,500 SF Cato, Cash Store, Cellular City, Wash

Smart


5825 & 5875 Old Bullard Rd.

Ken Dietz, Jr. Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

2006 14,040 SF 92% 1,170 SF $18.00/SF $5.33/SF 1,170 SF Sake Sushi, Smallcakes, High Cotton,

Apricot Lane, Writing Horse


Newk's Center

3985 Old Jacksonville Rd.

Albriton Properties, LLC Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

2008 11,510 SF 66% 3,856 SF $14.00/SF $5.00/SF 3,856 SF Newk's Restaurant, Orange Leaf

Alexander Plaza

6710 S. Broadway

Southern Classic Holdings,

LLC

Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

2016 6,500 SF 100% 0 SF $35.00/SF $6.00/SF 0 SF Taziki's, America's Best

Troup Square

3707 Troup Hwy.

Terry Cook, etal Blair Swaim


(903) 534-1200

2008 13,330 SF 90% 1,388 SF $21.00/SF $6.65/SF 1,388 SF Oliveto's Restaurant, Genghis Grill

The Shops at Shiloh Road

5011 Troup Hwy.

BCTS Partners Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

2008 15,350 SF 94% 985 SF $18.00/SF $4.75/SF 985 SF Whataburger, Chase Bank, CEFCO

Fuel C-Store, Shiloh Family Dental

Gateway Towers

5380 Old Bullard Road



(903) 534-1200

2009 10,482 SF 88% 1,249 SF $14.00/SF $4.05/SF 1,249 SF Gananche, UPS Store

La Piazza


Hooper Tyler Properties Robert Means

Robert Means & Associates

(903) 594-8880

2008 33,250 SF 80% 6,500 SF $22.00/SF $6.25/SF 6,500 SF

(divisible)

Harley's, Bridgette's, Dakota Steak

House

Midway Plaza

7484 S. Broadway


Roosth Properties

(903) 593-8333

2010 12,575 SF 84% 2,061 SF $18.00/SF $4.84/SF 2,061 SF Smashburger, Wing Stop, TCBY,

Subway


301 W. Heritage Dr.

301 W. Heritage, LLC Don Simmons

Simmons Real Estate

(903) 581-5858

2008 11,483 SF 100% 0 SF $16.00/SF $4.50/SF 0 SF Salon Boutique

SEC Center

3320 Troup Hwy.

SEC Investments Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

2010 4,800 SF 100% 0 SF $26.00/SF $6.50/SF 0 SF Smash Burger, Salsarita's


7925 S. Broadway

CHB Interests, LLC Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

2009-2012 10,075 SF 100% 0 SF $22.00- $24.00/SF $6.00/SF 0 SF Sprint, Edible Arrangements, Pizza

Hut, Complete Business Systems

Epperson Plaza

5625 S. Broadway

Patricia Potts Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

1978 12,845 SF 100% 0 SF $24.00/SF $3.00/SF 0 SF Barrett Appliance, EZ Loans, T-Mobile

KNB-Greshham Center

16637 Old Jacksonville Hwy.

Kilgore National Bank Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

2006 8,000 SF 25% 6,000 SF $12.00/SF $3.50/SF 6,000 SF Donut Palace



Southern Classic Holdings,

LLC

Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

2014 4,401 SF 100% 0 SF $34.50/SF $7.00/SF 0 SF Cash Store, Mattress HQ


The Corner @ Chapel Hill

11980 Hwy. 64 E.

Forster & Giles Investments Matthew Marshall

Drake Real Estate &

Investments

(903) 581-3737

2005 8,684 SF 30% 6,100 SF $13.00/SF $2.00/SF 6,100 SF Subway, Farmer's Insurance

Fountains @ Chimney Rock

5730, 5761, 5801, 5899 Old Bullard Rd.

KPE Investments, Ltd. Mark Whatley


(903) 534-1200

2012 31,007 SF 100% 0 SF $26.00/SF $6.61/SF 0 SF Jos. A. Bank, Chuy's, Michaels

The Ridge at Oak Hills

6800 Oak Hills Blvd.

Paloma Properties, LLC Greg Caton


(903) 939-9849

2012 15,000 SF 80% 2,954 SF $22.00/SF $4.25/SF 1,980 SF Gracie Barra Martial Arts


7006 Highlands Lane



(903) 939-9849

2012 4,615 SF 100% 0 SF $22.00/SF $4.25/SF 0 SF Great Clips, Clothes Mentor

The Villages at Oak Hollow


Trader Park, LLC Greg Caton


(903) 939-9849

2012 8,941 SF 100% 0 SF $22.00/SF $4.25/SF 0 SF New Balance Shoes, Cross-Fit,

Gusano's Pizza

Swann Plaza at Oak Hollow


OKBA Enterprises Greg Caton


(903) 939-9849

2015 24,000 SF 25% 18,000 SF $25.00/SF $4.25/SF 18,000 SF Fish City Grill, Sonoma Grill

South Towne Center

6421 S. Broadway

Sword Waldie, LLC Greg Caton


(903) 939-9849

2015 17,060 SF 42% 9,900 SF $25.00-$35.00/SF $4.25/SF 1,900 SF Grub Burger Bar, Salon

The Market at the Crossing

2210 Threelakes Pkway.

Douglas R. & Mehling Family

Partnership, LLC

Greg Caton


(903) 939-9849

2013 18,000 SF 86% 2,500 SF $15.00-$24.00/SF Gross Rent 2,500 SF Identity Spa, Moss Florist, Chris &

Sam's Grill, Fickle Baby

Three Lakes Center

2251 Three Lakes Pkway.

RECARR, LLC Greg Caton


(903) 939-9849

2015 10,000 SF 50% 5,000 SF $19.00/SF $4.25/SF 5,000 SF Little Caesar's, Salon, Tea to Go

The Village at Cumberland Park

8900 S. Broadway

Tyler Broadway Centennial,

LP

Matt Wilson

(214) 572-8432

2014 550,000 SF 85% 82,250 SF $23.00/SF $4.75/SF 9,000 SF Gordman's, Studio Movie Grill, Bed,

Bath & Beyond, TJ Maxx, F21,

Abuelo's, FD's Grill, Zoe's Kitchen

Totals: 3,279,817 SF 87.5%407,081 SF

Available

$16.83/SF

(Average)

BURNS COMMERCIAL PROPERTIES

2015 RETAIL MARKET SURVEY

TYLER, TEXAS

The 2015 Tyler Retail Market Survey shows that the Retail sector was the shining star of the commercial real estate market over the past twelve months.

The Survey includes data on sixty six properties, five of which are new centers which opened in the past twelve months. The total square footage of the centers

surveyed is 2,860,747, which is an increase of 6.3%. In spite of the availability of the additional space, the occupancy rate rose to 87.8%, up from 87.3% in the 2014

report.

The average lease rate for the centers included in the survey is $15.73 per square foot, up from $15.09 per square foot from 2014. The fact that the market absorbed

164,670 square feet of space and the average asking price increased confirms that the retail market in Tyler experienced a very strong year.

The most significant project in the retail sector over the preceding twelve months has been the construction of a portion of the Village at Cumberland Park, located

at 8730 South Broadway. This development is located on seventy eight acres north of Loop 49. At this time, 375,000 square feet of retail space has been completed.

The developer (Retail Connection) has plans to enlarge the center to approximately 700,000 square feet, which would make this the largest retail center in the section

of Texas east of Dallas and Houston. Several retailers new to Tyler have located here, including Gordmans, TJ Maxx, DressBarn, Skechers, Petco, Versona, and

Beauty Brands. Additionally, Abuelo’s, Zoe’s Kitchen, and Rotolo’s Pizzeria are restaurants new to the Tyler market which have leased space in the center.

Additionally, several new small retail projects were completed in the Old Jacksonville Road corridor, a corridor which continues to experience growth in traffic

counts and residential construction.

National and regional retail chains have discovered that Tyler is an attractive market as the trade area contains an approximate population of 415,000. The diverse

retail selection along with the outstanding medical facilities in Tyler, and the fact that Tyler offers excellent medical facilities causes many citizens of surrounding

towns to drive to Tyler on a daily basis.

The overall strength of the local market is evidenced by the fact that forty of the sixty six properties surveyed report an occupancy rate of ninety percent or more,

and twenty seven centers are one hundred percent occupied.

The addition of a number of national retailers to the local market will likely result in an increase in the amount of shoppers who travel to Tyler, which should be

beneficial to the entire retail sector.

Thanks to all those who contributed the data necessary to compile this report, and to Peggie Jenkins for doing the necessary legwork.

Taylor Burns

CITY: Tyler, TX

DATE: April 2015


Current

Occupancy

Current

Vacant SF Quoted Rent

NNN

Charges

Largest

Available


Tyler Retail Market

Macy's Plaza

4700 S. Broadway

The Genecov Group Inc. Mark Whatley

Burns Commercial

Properties

(903) 534-1200

1982 30,631 SF 90% 2,920 SF $15.00/SF $4.12/SF 1,620 SF Dressin' Gaudy, SAS, Fish

City Grill

Tanglewood East

1700 SSE Loop 323


Pyle Properties

(903) 509-8161

1986 42,119 SF 70% 13,065 SF Negotiable Gross Rent 8,908 SF Granary Health Foods

Times Square

5201 S. Broadway


Pyle Properties

(903) 509-8161

1985 86,371 SF 86% 12,114 SF Negotiable Gross Rent 12,114 SF Times Square Cinema,

Fitness in Training

West Erwin St.

2301-2415 W. Erwin St.


Pyle Properties

(903) 509-8161

1960 49,341 SF 89% 5,640 SF Negotiable Gross Rent 2,370 SF Dollar General,

Supermercado del Pueblo

West Bow St.

1204-1218 W. Bow St.


Pyle Properties

(903) 509-8161

1965 31,383 SF 94% 1,120 SF Negotiable Gross Rent 1,120 SF Cititrends, Family Dollar,

Rent-A-Center

Regency Center

6009 S. Broadway

Kevin Eltife Mark Whatley

Burns Commercial

Properties

(903) 534-1200

1984 23,200 SF 100% 0 SF $10.00/SF $4.04/SF 0 SF Susan Robinson Jewelry,

Sharman's Sewing Center,

Currents Restaurant

Loop East Center

2702-2756 E. Fifth St.


Roosth Properties

(903) 593-8333

1968 78,089 SF 72% 21,800 SF $8.00/SF $2.00/SF 9,913 SF Brookshire

Rose Plaza

4023 S. Broadway


Roosth Properties

(903) 593-8333

1976 105,761 SF 83% 17,980 SF $10.00/SF $1.81/SF 9,698 SF Hastings, Dollar General,

Advance Auto Parts, Safelite

Auto Glass

Front & Beckham

Beckham @ E. Front St.


Mark Whatley

Burns Commercial

Properties

(903) 534-1200

1956 65,723 SF 77% 15,313 SF $6.00- $8.00/SF $1.31/SF 9,780 SF Family Dollar, Ladies Time,

Rent A Center, H & R Block

CITY: Tyler, TX

DATE: April 2015


Current

Occupancy

Current


NNN

Charges

Largest

Available


Tyler Retail Market

Bergfeld Center


Bergfeld Center, LP Julius Bergfeld

Bergfeld Realty

(903) 592-1032

1948 167,717 SF 100% 0 SF $12.00-$16.00/SF Gross Rent 0 SF Brookshires, Luby's, CVS

Pharmacy, The Egg & I

Broadway Center

2125 S. Broadway

Weingarten Realty Investors Brandon Schawe

Weingarten Realty

(713) 866-6942

1963 60,400 SF 85% 9,060 SF $13.50-$22.00/SF $3.17/SF 5,225 SF Steinmart, Family Dollar,

The Scroll

Off Broadway I

2301 S. Broadway

Rosebriar Bill Hanks

(214) 455-4393

1984 44,010 SF 78% 9,500 SF $13.00/SF

(large spaces)

$3.00/SF 9,500 SF Gray's Home Fashion

Gallery, Rib Masters, Style

Salon, Metabolic Research

Southeast Crossing

3320 Troup Hwy.

MC Tyler One, LP Bob Myers

Myers Commercial

(214) 751-7550

1984 57,610 SF 90% 6,256 SF $8.00-$14.00/SF $3.50/SF 2,277 SF Paper Plus, U.S. Post Office,

Fat Catz

Southeast Crossing

2310-2316 ESE Loop 323

Negem Investments, LLC Glenn Eikner

Burns Commercial

Properties

(903) 534-1200

1983 15,498 SF 66% 5,269 SF $12.00-$15.00/SF $2.00/SF 3,984 SF Rent-A-Center, Chelle Salon

Lincoln Plaza

2215-2235 W. Gentry


Burns Commercial

Properties

(903) 534-1200

1970 33,637 SF 93% 2,453 SF $10.00/SF $1.41/SF 2,453 SF UT Health Northeast,

Southside Bank

Westwood Shopping Cntr.

Loop 323 @ Hwy. 31 W

Ruben Martinez Glenn Eikner

Burns Commercial

Properties

(903) 534-1200

1983 69,231 SF 99% 525 SF $12.00/SF $2.80/SF 525 SF Super Mercado Monterrey,

Family Dollar, Little

Caesar's, Big Red Hanger

Woodcreek Village

6100 S. Broadway

Yin Investments, Inc. Jo Dobbs


(903) 534-9292

1986 20,000 SF 90% 2,000 SF $13.00/SF N/A 2,000 SF Where's Rufus


3400 S. Broadway

Woodcrest Mark Whatley

Burns Commercial

Properties

(903) 534-1200

1978 79,875 SF 59% 32,748 SF $10.00-$18.00/SF $2.75/SF 8,076 SF Mattress Plus, Wok Box,

RDA Promart

CITY: Tyler, TX

DATE: April 2015


Current

Occupancy

Current


NNN

Charges

Largest

Available


Tyler Retail Market

French Quarter

4500 S. Broadway

Lasaters French Quarter Lorei Gabriel

Property Manager

(903) 561-6644

1976 141,220 SF 99% 1,300 SF Negotiable $3.50/SF 1,300 SF Pier One Imports, Boot Barn,

Jared's Jewelers

Southpark Center

Loop 323 @ Troup Hwy.

Tyler Southpark Center, LP Walter Northcutt

Beer Wells Real Estate

(903) 753-2191

1983 146,583 SF 97% 58,438 SF $14.00/SF

(small space/as is)

$3.43/SF 2,999 SF Wal-Mart, Bealls Department

Store

Brookside Village

531 WSW Loop 323


Burns Commercial

Properties

(903) 534-1200

1983 38,086 SF 87% 5,059 SF $12.00/SF $3.20/SF 1,988 SF Chili's, 360 Fitness


Beckham @ E. Fifth St.

Briarwood Group, Ltd. Martin Heines

(903) 593-2367

1965 90,000 SF 100% 0 SF $8.00/SF $1.25/SF 0 SF Big Lots, ETMC


SW Corner / Beckham & Fifth St.


(903) 593-2367

1965 32,500 SF 100% 0 SF $9.00/SF $1.20/SF 0 SF Misc. Small Retail @ 5th &

Beckham


SE Corner / Beckham & Fifth St.


(903) 593-2367

1994 7,000 SF 100% 0 SF $14.00/SF $4.00/SF 0 SF Jersey Mike's, Rusty Taco,

TCBY


Broadway @ Rice Rd.

Dunhill Partners Andy Crosland

(956) 631-2651

2001 94,000 SF 100% 0 SF $26.00/SF $4.80/SF 0 SF Ross Dress For Less,

Starbucks

Lone Star Center



Mark Whatley

Burns Commercial

Properties

(903) 534-1200

1960 25,551 SF 81% 4,936 SF $8.50/SF $1.58/SF 3,161 SF Kelly Credit Union, Hand Me

Ups

Fifth & Fleishel

E. Fifth St. @ Fleishel

Fernando & Jose Martinez Glenn Eikner

Burns Commercial

Properties

(903) 534-1200

1960 23,307 SF 95% 1,250 SF $10.00/SF $2.58/SF 1,250 SF Payless Shoe Source,

Jackson-Hewitt Tax Service

CITY: Tyler, TX

DATE: April 2015


Current

Occupancy

Current


NNN

Charges

Largest

Available


Tyler Retail Market

Tyler Town Center

322 ESE Loop 323

Town Center Retail, LLC Blair Swaim

Burns Commercial

Properties

(903) 534-1200

1985 45,180 SF 78% 9,873 SF $11.00- $13.00/SF $2.99/SF 5,480 SF Tuesday Morning, Cotton

Patch Café

Broadway Crossing

5600 S. Broadway

Broadway Crossing Ltd. Art Mullan


(903) 526-0880

1992 135,151 SF 100% 0 SF $12.00/SF $3.60/SF 0 SF Drug Emporium, Marshalls,

Best Buy, Petsmart, Shoe

Carnival

Pavillion Center

4900 S. Broadway

Reiff & Givertz Art Mullan


(903) 526-0880

1994 30,670 SF 100% 0 SF $20.00/SF $5.00/SF 0 SF Barnes & Noble, CVS

Pharmacy

Gateway Plaza



Burns Commercial

Properties

(903) 534-1200

1999 42,900 SF 100% 0 SF $16.00/SF $3.42/SF 0 SF Office Max, Racquet & Jog

Green Acres Shopping Cntr.

1700-1880 Troup Hwy.


Mark Whatley

Burns Commercial

Properties

(903) 534-1200

1950 160,900 SF 88% 19,631 SF $9.00/SF $1.74/SF 7,732 SF Cardiovascular Associates of

East Texas, Dollar General,

Sherwin-Williams

Sunset Plaza

1909 ESE Loop 323


Burns Commercial

Properties

(903) 534-1200

1992 108,454 SF 100% 0 SF $7.00/SF $2.54/SF 0 SF Hobby Lobby, Ivan Smith

Furniture

Pine Tree Shopping Cntr.

Hwy 64 West

Pine Tree Assoc. Art Mullan


(903) 526-0880

2004 19,160 SF 100% 0 SF $14.00/SF $5.00/SF 0 SF Catos

Tanglewood West

1925-1945 SSE Loop 323


Mark Whatley

Burns Commercial

Properties

(903) 534-1200

2004 6,000 SF 80% 1,200 SF $12.00/SF $4.01/SF 1,200 SF Subway, Ace Cash Express

Tyler Corners

3825-3877 Hwy. 64 W

First Guardian Group Andy Bergfeld

Bergfeld Realty

(903) 592-1032

2004 32,196 SF 92% 2,695 SF $13.00/SF $5.00/SF 2,695 SF Dollar Tree, EB Games, It's

Fashion, El Quatro

CITY: Tyler, TX

DATE: April 2015


Current

Occupancy

Current


NNN

Charges

Largest

Available


Tyler Retail Market

Shoppes on Broadway

6900 S. Broadway

Tenants in Common Matthew Marshall

Drake Real Estate

(903) 581-3737

2005 13,500 SF 100% 0 SF $28.00/SF $8.01/SF 0 SF Mattress Firm, Verizon,

Scottrade, Papa Murphy's

Highland Village

3826 Troup Hwy.

C.G. Investments Greg Caton


(903) 939-9849

2000 46,650 SF 100% 0 SF $12.00/SF $1.89/SF 0 SF Card & Party, Dollar Tree,

Anytime Fitness, Renal Care

Group

Kinsey Crossing

Loop 323 & Kinsey Dr.

AKBA Enterprises Greg Caton


(903) 939-9849

2014 24,000 SF 100% 0 SF $24.00/SF $4.25/SF 0 SF Brass Tapp, Rounder's

Pizza, Reggie's Burgers,

Head Masters


631, 701-755 S. Beckham


Mark Whatley

Burns Commercial

Properties

(903) 534-1200

1965 22,054 SF 97% 6,161 SF $8.50-$10.00/SF $2.72/SF 598 SF Papa John's, Schlotzsky's,

Zeta Home Health

Macy's II

4820 S. Broadway


Burns Commercial

Properties

(903) 534-1200

1978 63,399 SF 100% 0 SF $11.00/SF $2.87/SF 0 SF Bed Bath & Beyond,

Ashley's Furniture

Westside Center

400-424 SSW Loop 323

Iowa Falls Partners Burns Commercial

Properties

(903) 534-1200

2007 5,382 SF 100% 0 SF $21.00/SF $7.62/SF 0 SF Subway, Federal Cash

Advance

Shoppes at Cumberland

7924 S. Broadway

Iowa Falls Partners Matthew Marshall

Drake Real Estate

(903) 581-3737

2007 16,750 SF 100% 0 SF $18.00-$20.00/SF $5.75/SF 0 SF The Diner, Beauty Bar,

Apple Vision, Magic Nails,

Progress Cleaners

Shiloh Crossing

3101 Shiloh Rd.

BESENG3, LLC Allen Bell

Property Services

(903) 595-2805

2007 13,662 SF 100% 0 SF $15.00-$17.00/SF $4.62/SF 0 SF Cato, Cash Store, Cellular

City, Wash Smart


5875 Old Bullard Rd.

Ken Dietz, Jr. Matthew Marshall

Drake Real Estate

(903) 581-3737

2006 14,040 SF 100% 0 SF $18.00/SF $5.33/SF 1,170 SF Sonoma Grill, Tru Tan,

Smallcakes, Apricot Lane,

Writing Horse

CITY: Tyler, TX

DATE: April 2015


Current

Occupancy

Current


NNN

Charges

Largest

Available


Tyler Retail Market

Newk's Center

3985 Old Jacksonville Rd.

Albriton Properties, LLC Blair Swaim

Burns Commercial

Properties

(903) 534-1200

2008 10,090 SF 62% 3,856 SF $15.00/SF $5.00/SF 3,856 SF Newk's Restaurant, Orange

Leaf

Edwin Watts Center

402 WSW Loop 323

Watts Investments Blair Swaim

Burns Commercial

Properties

(903) 534-1200

1976 12,079 SF 100% 0 SF $14.50/SF $2.80/SF 0 SF Edwin Watts Golf, In The

Wind

Troup Square

3707 Troup Hwy.

Terry Cook, etal Blair Swaim

Burns Commercial

Properties

(903) 534-1200

2008 13,330 SF 90% 1,388 SF $21.00/SF $6.65/SF 1,388 SF Oliveto's Restaurant,

Genghis Grill

The Shops at Shiloh Road

5011 Troup Hwy.

BCTS Partners Matthew Marshall

Drake Real Estate

(903) 581-3737

2008 15,350 SF 81% 2,890 SF $18.00/SF $4.75/SF 2,890 SF Whataburger, Chase Bank,

CEFCO Fuel C-Store, Shiloh

Family Dental

Gateway Towers



Burns Commercial

Properties

(903) 534-1200

2009 10,500 SF 43% 5,987 SF $12.00/SF $4.05/SF 1,511 SF Gananche, UPS Store

La Piazza

4023 S. Plaza

Hooper Tyler Properties Robert Means &

Associates

(903) 594-8880

2008 33,250 SF 94% 1,900 SF $26.00/SF $5.50/SF 1,900 SF Harley's, Bridgette's, Dakota

Steak House

Midway Plaza

7484 S. Broadway


Roosth Properties

(903) 593-8333

2010 12,575 SF 84% 2,012 SF $18.00/SF $4.84/SF 2,061 SF Smashburger, Wing Stop,

TCBY, Subway


301 W. Heritage Dr.

301 W. Heritage, LLC Don Simmons

Simmons Real Estate

(903) 581-5858

2008 11,483 SF 100% 0 SF $16.00/SF $4.50/SF 0 SF Salon Boutique

SEC Center

3320 Troup Hwy.

SEC Investments Matthew Marshall

Drake Real Estate

(903) 581-3737

2010 4,800 SF 100% 0 SF $26.00/SF $6.50/SF 0 SF Smash Burger, Salsarita's

CITY: Tyler, TX

DATE: April 2015


Current

Occupancy

Current


NNN

Charges

Largest

Available


Tyler Retail Market


7925 S. Broadway

CHB Interests, LLC Matthew Marshall

Drake Real Estate

(903) 581-3737

2009-2012 10,075 SF 100% 0 SF $22.00- $24.00/SF $6.00/SF 0 SF Sprint, Edible Arrangements,

Pizza Hut, Complete

Business Systems

Epperson Plaza

5625 S. Broadway

Patricia Potts Matthew Marshall

Drake Real Estate

(903) 581-3737

1978 12,845 SF 100% 1,375 SF $24.00/SF $3.00/SF 0 SF Barrett Appliance, EZ Loans,

T-Mobile

Progress Center


Woburn-Winslow LLC Matthew Marshall

Drake Real Estate

(903) 581-3737

2010 8,668 SF 49% 4,411 SF $18.00/SF $5.20/SF 4,411 SF Progress Cleaners, State

Farm

KNB-Greshham Center


Kilgore National Bank Matthew Marshall

Drake Real Estate

(903) 581-3737

2006 8,000 SF 25% 6,000 SF $12.00/SF $2.50/SF 6,000 SF Kilgore National Bank



Southern Classic Holdings, LLC Matthew Marshall

Drake Real Estate

(903) 581-3737

2014 4,401 SF 100% 0 SF $34.50 SF $7.00/SF 0 SF Cash Store, Mattress HQ

Southpoint Plaza

5111 Troup Hwy.

Rancier Investment 1, LLC Matthew Marshall

Drake Real Estate

(903) 581-3737

1984 15,000 SF 17% 12,450 SF $17.00 SF $2.50/SF 6,250 SF Domino's Pizza

The Corner @ Chapel Hill

11980 Hwy. 64 E.

Forster & Giles Investments Matthew Marshall

Drake Real Estate

(903) 581-3737

2005 8,684 SF 30% 6,100 SF $13.00 SF $2.00/SF 6,100 SF Subway, Farmer's Insurance


Building 1

Park Ridge Drive



(903) 939-9849

2012 13,934 SF 86% 1,974 SF $22.00/SF $4.25/SF 1,974 SF Katie's Jewelry, Zaza's

Italian Restaurant


Building 5-A

7006 Highlands Lane



(903) 939-9849

2012 4,615 SF 100% 0 SF $22.00/SF $4.25/SF 0 SF Great Clips, Clothes Mentor

CITY: Tyler, TX

DATE: April 2015


Current

Occupancy

Current


NNN

Charges

Largest

Available


Tyler Retail Market

The Villages at Oak Hollow


Trader Park, LLC Greg Caton


(903) 939-9849

2012 8,941 SF 100% 0 SF $22.00/SF $4.25/SF 0 SF New Balance Shoes, Cross-

Fit, Gusano's Pizza

Market at The Crossing

2210 Threelakes Pkway.

Douglas R. & Mehling Family

Partnership, LLC

Greg Caton


(903) 939-9849

2013 17450 SF 83% 3,000 SF $15.00-$24.00/SF Gross Rent 3,000 SF Identity Spa, Moss Florist,

Chris & Sam's Grill, Fickle

Baby

Village at Cumberland Park

8730 S. Broadway

Tyler Broadway Centennial, LP Matt Wilson 2014 375,000 SF 93% 26,250 SF $23.00/SF $4.75/SF 9,000 SF Gordman's, Studio Movie

Grill, Bed, Bath & Beyond

Totals: 2,860,747 87.8% 347,899 SF

Available

$15.73/SF

(Average)

2017 RETAIL MARKET SURVEY TYLER, TEXAS · Burns Commercial Properties (903) 534-1200 1950 159,892...

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Transcript of 2017 RETAIL MARKET SURVEY TYLER, TEXAS · Burns Commercial Properties (903) 534-1200 1950 159,892...