Description

DuWest Realty Investment Services has been exclusively retained to present the opportunity to acquire Paluxy Plaza (“The Property”), a 8,947 square foot (1.28 acres) value-add shopping center. The Property is located in Tyler, Texas (the largest city in northeast Texas) and is located on the hard corner of S Southeast Loop 323 and Paluxy Drive seeing over 56,000 vehicles per day. The Property is currently 75% leased and has one remaining vacancy as well as the potential to develop additional retail or office behind the current structure.

Built in 1975, Paluxy Plaza has been serving the Tyler community for 47 years. Situated along a robust, heavily trafficked retail corridor, the Property is in the heart of Tyler and enjoys foot traffic from the embedded residential, educational and retail density. Other retailers such as Walmart Neighborhood Market, Crunch Fitness, Starbucks and Dairy Queen are all located along S Southeast Loop as well as Broadway Square Mall (615,000 SF/Simon). Emilio’s Flooring Solutions is the most recent tenant to execute a lease this year at the property, and ownership just extended several in-place leases cementing the tenants’ commitment to the site.

Square Feet

8,947 SF