Longview Shopping Center NNN

Longview Shopping Center | Longview, TX


Sands Investment Group is Pleased to Present Exclusively For Sale the 7,162 SF Longview Shopping Center NNN Located at 3507 McCann Road in Longview, TX. The Center Offers Strong Commitments to the Site, With Recent Renewals For Golden Chick (15 Years) and Long Island Nail Salon (10 Years).

  • 100% Occupied Center in Longview, TX: Anchored By Golden Chick With Drive-Thru and 10 Year Operating History at the Site
  • WALT (Economic): The Weighted Average Lease Term Remaining is 12.5 Years, Offering Stable and Secure Rental Income
  • Strong Tenant Commitments: Golden Chick Recently Signed a New 15-Year Lease With 2.5% Annual Escalations; Long Island Nail Salon Recently Signed a New 10-Year Lease With 3.0% Annual Escalations
  • Strong Tenant Sales: Golden Chick Has a Healthy Rent-to-Sales Ratio of 6.80%; It Ranks in the Top 25% of Golden Chicks Nationwide and in Texas; Visitors Year Over Year Have Also Increased Almost 40% in the Last 2 Years (Source: Placer.AI)
  • Dominant Longview Retail Corridor: The Longview Strip Center is Situated Between a Multitude of National Retailers Including: HomeGoods, T.J. Maxx, Academy Sports and Outdoors, Starbucks, JCPenny and Many More

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

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Academy Sports + Outdoors

 

  • Absolute NNN with 8 Years Remaining
  • Below Replacement Cost -$92 PSF
  • Strong Trade Area Including Dillard’s, Sears, JCPenney, Carmike Cinemas, Target, BestBuy, Michaels, TJ Maxx, Petco, Starbucks, Bed Bath & Beyond
  • Amazing Location Next to Longview Mall and Tomlinson Pkwy
  • Longview MSA Boasts Low Unemployment