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$272K NOI | 81% Occupied Retail | Texas 3520 McCann Rd 40,524 SF 87% Leased Retail Building Longview, TX 75605 $3,768,984 CAD ($93.01 CAD/SF) 8.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Value Add-turn an 8.6 cap into a 10.5 cap
- High Traffic Count over 35K cpd
- Located on Loop 281 and Spur 63
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
40,524 SF
Building Class
B
Year Built/Renovated
1976/2014
Price
$3,768,984 CAD
Price Per SF
$93.01 CAD
Cap Rate
8.60%
NOI
$324,133 CAD
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.30
Lot Size
3.10 AC
Zoning
General Retail
Parking
208 Spaces (5.13 Spaces per 1,000 SF Leased)
Frontage
203’ on McCann Road
AMENITIES
- Signage
- Accent Lighting
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- Great location inside Longview Mall - 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
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,171 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 5,171 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 15
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 5,171 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
- Great location inside Longview Mall - 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
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 53571 | Improvements Assessment | $3,656,485 CAD |
| Land Assessment | $570,845 CAD | Total Assessment | $4,227,330 CAD |
PROPERTY TAXES
Parcel Number
53571
Land Assessment
$570,845 CAD
Improvements Assessment
$3,656,485 CAD
Total Assessment
$4,227,330 CAD
1 of 34
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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$272K NOI | 81% Occupied Retail | Texas | 3520 McCann Rd
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