Receiver Sale: Longview Shopping Center | Dollar Tree, Cato

Highlights:

• Three Vacant 1,600 SF Suites Offer Lease-Up: Leasing all three at $12/SF NNN adds $57,600 in base rent toward a projected $295,269 Year 2 NOI.
• Dollar Tree Leases 37% of GLA With Options: The 9,550 SF lease carries two 5-year options at $10.00 and $10.50/SF, with HVAC on the tenant.
• Domino's Leased Through 2034 With 2% Bumps: Domino's and Nails by Cindy, in place since 2006 and leased to 2032, extend income past 2027.
• Next to Eastman Chemical's 1,500-Job Plant: The plant has operated since 1952, and a 360,000 SF Sysco distribution center sits down the street.
• Percentage Rent on Cato and It's Fashion: Both pay 3% of gross sales above set breakpoints, adding sales-driven upside on top of base rent.
• Cato and It's Fashion Co-Tenancy at 70%: Both tenants' rent drops to 4% of gross sales if occupancy is below 70% for 12 consecutive months.

Description:

View details and diligence materials on RI Marketplace:
https://rimarketplace.com/auction/2648/retail/longview/tx?utm_source=aqqire&utm_medium=free_listing&utm_campaign=november19_2026&utm_content=retail_2648

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 711 Estes Drive is a 25,850 SF multi-tenant retail strip center on 6.85 acres in Longview, Texas. Built in 2006 and 81% occupied, the center is leased on a NNN basis to a mix of national and local tenants, including Dollar Tree, Domino's, Cato, It's Fashion, Vapor Maven and Nails by Cindy. Dollar Tree occupies 9,550 SF, or 37% of GLA, with two 5-year renewal options at $10.00 and $10.50/SF, while Domino's is leased through 2034 with 2% annual increases and Nails by Cindy, in place since 2006, through 2032. The primary value-add path is the lease-up of three vacant 1,600 SF suites totaling 4,800 SF; leasing them at $12/SF NNN adds $57,600 in base rent toward a projected Year 2 NOI of $295,269. Cato and It's Fashion also pay percentage rent of 3% of gross sales above set breakpoints. At closing, the seller will credit the buyer the rent differential to the 1/01/2027 base rent of $240,296. The center is surrounded by Walmart, AutoZone, Starbucks and Anytime Fitness, sits next to Eastman Chemical's manufacturing complex of more than 1,500 employees, and is down the street from a 360,000 SF Sysco distribution center, with access to Interstate 20 between Dallas and Shreveport.

Location
The center sits at 711 Estes Drive in Longview, Texas, just south of Interstate 20 along Estes Parkway, about 130 miles east of Dallas. Neighbors include Walmart, AutoZone and Anytime Fitness, while Eastman Chemical's plant, with 1,500+ employees, operates next door and Sysco runs a 360,000 SF distribution center down the street, placing the asset within a retail and industrial node.


Bidding Opens
Nov 18 1:00 AM
Bidding Closes
Nov 20 1:00 AM

Documents: