Property inside Longview Mall

3502 McCann Road, Longview, TX

$3,700,000

Price

7.48%

Cap Rate

$276,695

NOI

Gallery
Street
Map
Overview
Cap Rate
7.48%
NOI
$276,695
Building Size
40,524 sqft
Lot Area
3.096 acres
Occupancy
98%
Units
1
Year Built
1976
Floors
1
Description

Sperry Commercial Global Affiliates - Graham Group has been exclusively selected to sell this 40,524 sf property in Longview Mall in Texas. Longview Mall has spent over $20 mm in recent years on renovation and has completed a major renovation for two new major tenant - Conn's and Home Goods. Other major tenants are Dillard's, JC Penny, Dick's Sporting Goods, Victoria Secrets and many more. Longview Texas enjoys a Retail Trade Area population estimated to be 425,000.

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.

Highlights
  • 33,013 sf in original 10 year leases started in 2022
  • 5,171 sf lease started in 2022
  • Space was renovated in 2022
  • Retail Trade Area population approx 450,000
Documents
Location
Gallery