Inside Longview Mall

Highlights:

• Value Add-turn an 8.6 cap into a 10.5 cap
• Located on Loop 281 and Spur 63
• High Traffic Count over 35K cpd
• Retail Trade Area Population is 419,810
• Built in 1976, renovated in 2022
• Located in North East Texas
• 81% occupancy - one lease takes you to 95%

Description:

Sperry Commercial Global Affiliates - Graham Group has been exclusively selected to sell this 40,524 sf space in Longview Mall in Texas. Longview Mall has spent over $20 mm in recent years on renovation and has recently finished a major renovation for new major tenants - Home Goods. Other major tenants are Dillard's, JC Penny, Dick's Sporting Goods, Victoria Secrets and many more. This 40,524 sf portion of the mall was recently renovated in 2022. Longview Texas enjoys a Retail Trade Area population estimated to be 419,810. This space is currently occupied by L'Patrica and D Bat. The next largest space was recently leased for just over $50,000 per year. Once leased up this will create at least an additional $600,000 in value.

Longview Mall is located in Longview, TX. Longview is east of Dallas, TX straight down Interstate 20 and west of Shreveport, LA about 60 miles. Located in the NE corner of Texas, Longview dominates the retail market and is considered a Regional market center. The Longview Mall sits right on the major hard corner of Loop 281 and Spur 63 with traffic counts over 35,000 CPD.