Longview Mall

Longview Mall (the “Property”) is a one-story 586,450 square foot enclosed shopping mall located in Longview, Texas.​ Being the regionally dominant shopping center within a 42-mile radius, this mall is the premier shopping destination of East Texas, serving a wide trade area that extends far beyond the limits of its namesake city.​ The total collateral of 287,653 square feet (mall property less any unowned anchors/pads) sits on 30.889 acres at the SEC intersection of McCann Road and West Loop 281, conveniently located adjacent to numerous residential communities, across the highway from Crossing Creeks Country Club (formerly Oak Forest), and next door to the AMC Longview 10 movie theater.​ Within 2-miles of the mall is Longview Regional Medical Center, housing over 200 beds and employing more than 1,000 healthcare professionals.​ Moreover, the trade area offers a considerable population of more than 222,744 people with an average household income of $75,618.​

Built in 1978 and renovated in 2016, with an additional $12.5M in capital from 2019-2023, this site features six big box anchors, including Dillard's (NAP), JCPenney (NAP), D-Bat Longview (NAP), Dick's Sporting Goods, and HomeGoods, with one vacant anchor box (NAP).​ Specialty retailers and a range of great restaurants provide an inviting atmosphere.​ The property is currently 98% occupied and is home to more than 70 popular retail, dining, and entertainment options including American Eagle Outfitters, Bath And Body Works, The Buckle, Foot Locker, Chick-Fil-A, H&M, Hibbett's Sporting Goods, Hollister Co.​, Victoria's Secret, and Zumiez.​ During 2023, the property secured multiple new leases to diversify the tenant-mix at the center – Faith Flip Gymnastics, Hospitality Health ER, Hallmark, Windsor – totaling 42,623 square feet.​ Subsequently in 2024, a temporary lease was executed by Vaulted Soles, with negotiations currently under way to bring Tradehome Shoes, a 100-year-old company with more than 100 locations across the country, into this space.​ Due to such high demand for the former Conn's space, the property secured a new 5-year lease at a higher rental rate with Overstock Furniture, a 12-store furniture chain, before Conn’s fully vacated their space.​ However, if the purchaser of Longview Mall has a more desirable user for this junior anchor box, the lease can be terminated in 30 days.​

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  Massive $5.77M NOI: Net Operating Income has recovered tremendously post-COVID and is currently nearly 20% above the 2019 figures. Sales at the mall have been increasing, and are currently greater than $539 per square foot. This indicates Longview Mall is a stable investment opportunity.

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  Value-Add Potential: Occupancy cost average of 9.7% shows value-add potential through rent increases.

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  Stable Demographics: More than 400,000 residents reside within the Longview retail area, which draws from the smaller surrounding rural communities in more than 12 counties. Additionally, the average household income within a 3-mile radius is $75,599

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  Workforce Growth: In recent years, Longview, Texas, has witnessed a remarkable surge in its labor force, reflecting the city's dynamic economic landscape and its reputation as a reliable destination for job seekers.

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  Stabilized Occupancy: The Property is currently 97.99% occupied with a Weighted Average Lease Term (WALT) of 2.65 years, and contains multiple high performing, nationally recognized tenants; such as Home Goods, Conn's, Dick's, JCPenney, Dillard's, and more.

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  Great Location: Sitting on ±30.889 acres at the SEC of McCann Rd and W Loop 281, the Property is the premier shopping destination of East Texas, serving a wide trade area that extents far beyond the limits of Longview, spanning between Tyler, TX to the west and as far as Shreveport, LA to the east.