Longview, TX - Sushi Shima

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN subleased, Sushi Shima investment property located in Longview, Texas. The tenant, Sushi Shima has almost 8 years remaining on a 107 month (8.9 years) sublease with 3 (5-year) options to extend, demonstrating their commitment to the site. The sublease features a 10% rental increase at the beginning of Year 4 (June 1, 2026) and at the beginning of each option period, steadily growing NOI and hedging against inflation. The sublease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor. The site is an outparcel at the Target anchored Longview Towne Crossing. Longview Towne Crossing’s tenants include: Target, Kohl’s, PetSmart, Five Below, Dollar Tree, Ulta Beauty, Old Navy, McDonald’s, Starbucks, Panda Express, Lane Bryant, and more.

The subject property is strategically located near the intersection of N. Eastman Road (U.S. Highway 259) and E. Hawkins Parkway, averaging a combined 38,000 vehicles passing by daily. The site benefits from excellent visibility via significant street frontage and a large pylon sign situated along N. Eastman Road. The site is located in the heart of an immense retail corridor, the asset is within close proximity to several prominent shopping centers including the Longview Mall (743,000 SF) and The Market Place (157,134 SF). Nearby national/credit tenants include Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Sam’s Club, Tractor Supply, Burlington, and more, significantly increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. In addition, the property is positioned within a hospitality cluster comprised of 15+ hotels, providing a steady, consistent consumer base from which to draw. The 5-mile trade area is supported by nearly 71,000 residents and 45,000 daytime employees with an average household income of $86,122.