2017 retail market survey tyler, texas · burns commercial properties (903) 534-1200 1950 159,892...
TRANSCRIPT
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
Beckham/Fifth Street
SE CornerPollard-Heines
Martin Heines
Real Estate Services
(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
Beckham/Fifth Street
SW CornerPollard-Heines
Martin Heines
Real Estate Services
(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
Drake Real Estate & Investments
(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
2017 Retail Market Survey
Presented by Burns Commercial PropertiesTyler, TX - Spring 2017
Property Owner Contact Year Built
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
Drake Real Estate & Investments
(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
Drake Real Estate & Investments
(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
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Burns Commercial Properties
(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
2017 Retail Market Survey
Presented by Burns Commercial PropertiesTyler, TX - Spring 2017
Property Owner Contact Year Built
Current
Occupancy
Largest
Available
Sapce Anchor TenantsTotal Size Quoted Rent NNN Charges
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
Drake Real Estate & Investments
(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
Glenn Eikner/Aaron Uncapher
Burns Commercial Properties
(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
Glenn Eikner/Aaron Uncapher
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Drake Real Estate & Investments
(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
2017 Retail Market Survey
Presented by Burns Commercial PropertiesTyler, TX - Spring 2017
Property Owner Contact Year Built
Current
Occupancy
Largest
Available
Sapce Anchor TenantsTotal Size Quoted Rent NNN Charges
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
Drake Real Estate & Investments
(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
Caton Property Group
(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
Signature Management
(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
Signature Management
(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
Caton Property Group
(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
Drake Real Estate & Investments
(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
2017 Retail Market Survey
Presented by Burns Commercial PropertiesTyler, TX - Spring 2017
Property Owner Contact Year Built
Current
Occupancy
Largest
Available
Sapce Anchor TenantsTotal Size Quoted Rent NNN Charges
Current
Vacant
Regency Center
6009 S. Broadway
Eltife Regency
Center, LTD
Mark Whatley
Burns Commercial Properties
(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
Caton Property Group
(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
Drake Real Estate & Investments
(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
Patterson Commercial Properties
(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
Drake Real Estate & Investments
(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
Drake Real Estate & Investments
(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
Drake Real Estate & Investments
(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
Drake Real Estate & Investments
(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
2017 Retail Market Survey
Presented by Burns Commercial PropertiesTyler, TX - Spring 2017
Property Owner Contact Year Built
Current
Occupancy
Largest
Available
Sapce Anchor TenantsTotal Size Quoted Rent NNN Charges
Current
Vacant
Southeast Crossing
2310-2316 ESE Loop 323
Negem Investments,
LLC
Glenn Eikner
Burns Commercial Properties
(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
6721 S. Broadway Ave.
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 Cash Store, Mattress HQ
Southland Plaza West
631, 701-755 S. Beckham
The Genecov Group,
Inc
Glenn Eikner/Blair Swaim
Burns Commercial Properties
(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
Caton Property Group
(903) 939-9849
2015 17,066 SF 86% 2,390 SF $35.00 /SF $5.66 /SF 2,390 Grub Burger Bar
South Towne Center #2
6611 S. BroadwaySword Waldie, LLC
Greg Caton
Caton Property Group
(903) 939-9849
2015 4,800 SF 100% 0 SF $35.00 /SF $5.66 /SF 0 Salsarita's, Bahama Bucks
South Towne Center #3
6611 S. Broadway Sword Waldie, LLC
Greg Caton
Caton Property Group
(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
Burns Commercial Properties
(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
Caton Property Group
(903) 939-9849
2015 24,000 SF 54% 11,000 SF $20.00 /SF $5.00 /SF 19,000 Swann's Furniture & Design
2017 Retail Market Survey
Presented by Burns Commercial PropertiesTyler, TX - Spring 2017
Property Owner Contact Year Built
Current
Occupancy
Largest
Available
Sapce Anchor TenantsTotal Size Quoted Rent NNN Charges
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
Burns Commercial Properties
(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
1985 91,196 SF 95% 4,146 SF Negotiable /SFGross
Rent/SF 4,146 Times Square Cinema, Fitness in Training
Towne Oaks Plaza
419 WSW Loop 323
KPE Towne Oaks
Center, LLC
Mark Whatley
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Caton Property Group
(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
1965 31,383 SF 90% 3,000 SF Negotiable /SFGross
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
1960 36,551 SF 93% 2,400 SF Negotiable /SFGross
Rent/SF 1,340 Dollar General, Supermercado del Pueblo
2017 Retail Market Survey
Presented by Burns Commercial PropertiesTyler, TX - Spring 2017
Property Owner Contact Year Built
Current
Occupancy
Largest
Available
Sapce Anchor TenantsTotal Size Quoted Rent NNN Charges
Current
Vacant
Westside Center
400 SSW Loop 323KH Ventures
Greg Caton
Caton Property Group
(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
Drake Real Estate & Investments
(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
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Burns Commercial Properties
(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 Brad Donley
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 Brad Donley
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 Brad Donley
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
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 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 Dan Spivey
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
Burns Commercial Properties
(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
Broadway @ Eighth St.
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
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
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
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, State
Farm
Lincoln Plaza
2215-2235 W. Gentry
The Genecov Group, Inc. Glenn Eikner
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Interlink Real Estate
(903) 534-9292
1986 20,000 SF 90% 2,000 SF $14.40/SF Gross Rent 2,000 SF Where's Rufus
Olde English Village
3400 S. Broadway
Woodcrest Russell Patterson
Patterson Commercial Properties
(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
The Genecov Group, Inc. Mark Whatley
Burns Commercial Properties
(903) 534-1200
1983 38,092 SF 87% 5,059 SF $12.00/SF $3.20/SF 1,988 SF Chili's, 360 Fitness
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
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
Beckham/Fifth Streets
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
Beckham/Fifth Streets
SE Corner / Beckham & Fifth St.
Pollard-Heines Martin Heines
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 Market Center
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
2500 Block, E. Fifth St.
The Genecov Group, Inc. Glenn Eikner
Mark Whatley
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Burns Commercial Properties
(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
Signature Management
(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
Signature Management
(903) 526-0880
1994 30,670 SF 100% 0 SF $20.00/SF $5.00/SF 0 SF Barnes & Noble, CVS Pharmacy
Gateway Plaza
5361-5403 S. Broadway
The Genecov Group, Inc. Mark Whatley
Burns Commercial Properties
(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.
The Genecov Group, Inc. Glenn Eikner
Mark Whatley
Burns Commercial Properties
(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
BURNS COMMERCIAL PROPERTIES RETAIL MARKET SURVEY
Sunset Plaza
1909 ESE Loop 323
The Genecov Group, Inc. Mark Whatley
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 Center
Hwy 64 West
Pine Tree Associates Art Mullan
Signature Management
(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
The Genecov Group, Inc. Glenn Eikner
Mark Whatley
Burns Commercial Properties
(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
Caton Property Group
(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
Southland Plaza West
631, 701-755 S. Beckham
The Genecov Group, Inc. Glenn Eikner
Mark Whatley
Burns Commercial Properties
(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
Shops at Old Bullard
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
BURNS COMMERCIAL PROPERTIES RETAIL MARKET SURVEY
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
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 &
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
The Genecov Group, Inc. Mark Whatley
Burns Commercial Properties
(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
4815 Old Bullard Road
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 Dan Spivey
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
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 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
Broadway Hills Plaza
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 Center
6721 S. Broadway Ave.
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
BURNS COMMERCIAL PROPERTIES RETAIL MARKET SURVEY
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
Burns Commercial Properties
(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
Caton Property Group
(903) 939-9849
2012 15,000 SF 80% 2,954 SF $22.00/SF $4.25/SF 1,980 SF Gracie Barra Martial Arts
The Ridge at Oak Hills
7006 Highlands Lane
Paloma Properties, LLC Greg Caton
Caton Property Group
(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
7278 Old Jacksonville Hwy.
Trader Park, LLC Greg Caton
Caton Property Group
(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
7328 Old Jacksonville Hwy.
OKBA Enterprises Greg Caton
Caton Property Group
(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
Caton Property Group
(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
Caton Property Group
(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
Caton Property Group
(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
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
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 Brad Donley
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 Brad Donley
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 Brad Donley
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 Brad Donley
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 Dan Spivey
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 Dan Spivey
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.
The Genecov Group, Inc. Glenn Eikner
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
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
Bergfeld Center
Broadway @ Eighth St.
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
The Genecov Group, Inc. Glenn Eikner
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
Interlink Real Estate
(903) 534-9292
1986 20,000 SF 90% 2,000 SF $13.00/SF N/A 2,000 SF Where's Rufus
Olde English Village
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
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
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
The Genecov Group, Inc. Mark Whatley
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/Fifth Streets
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
Beckham/Fifth Streets
SW Corner / Beckham & Fifth St.
Pollard-Heines Martin Heines
(903) 593-2367
1965 32,500 SF 100% 0 SF $9.00/SF $1.20/SF 0 SF Misc. Small Retail @ 5th &
Beckham
Beckham/Fifth Streets
SE Corner / Beckham & Fifth St.
Pollard-Heines Martin Heines
(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 Market Center
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
2500 Block, E. Fifth St.
The Genecov Group, Inc. Glenn Eikner
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
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
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
Signature Management
(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
Signature Management
(903) 526-0880
1994 30,670 SF 100% 0 SF $20.00/SF $5.00/SF 0 SF Barnes & Noble, CVS
Pharmacy
Gateway Plaza
5361-5403 S. Broadway
The Genecov Group, Inc. Mark Whatley
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.
The Genecov Group, Inc. Glenn Eikner
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
The Genecov Group, Inc. Mark Whatley
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
Signature Management
(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
The Genecov Group, Inc. Glenn Eikner
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
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
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
Caton Property Group
(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
Caton Property Group
(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
Southland Plaza West
631, 701-755 S. Beckham
The Genecov Group, Inc. Glenn Eikner
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
The Genecov Group, Inc. Mark Whatley
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
Shops at Old Bullard
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
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
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
5380 Old Bullard Road
The Genecov Group, Inc. Mark Whatley
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 Dan Spivey
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
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 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
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
Broadway Hills Plaza
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
5522 Old Jacksonville Hwy.
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
16637 Old Jacksonville Hwy.
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 Center
6721 S. Broadway Ave.
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
The Ridge at Oak Hills
Building 1
Park Ridge Drive
Paloma Properties, LLC Greg Caton
Caton Property Group
(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
The Ridge at Oak Hills
Building 5-A
7006 Highlands Lane
Paloma Properties, LLC Greg Caton
Caton Property Group
(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
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
The Villages at Oak Hollow
7278 Old Jacksonville Hwy.
Trader Park, LLC Greg Caton
Caton Property Group
(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
Caton Property Group
(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)