LONGVIEW PLAZA
LONGVIEW PLAZA | 153K+ SF | 6 National Credit Anchors | 1.8M Annual Visits | 100% Leased
Marketing description
Longview Plaza is a 153,260 square foot anchored shopping center located in Longview, Texas. Longview Plaza is anchored by Best Buy, Burlington, TJ Maxx, Michaels, Office Depot and Books-a-Million. Built in 1999, Longview Plaza is consistently 100% occupied with six (6) existing national credit anchor tenants. Tenants at the Property currently pay an average annual base rent of $11.42 per square foot, which is significantly below market, and Longview Plaza offers compelling cash flow durability with attractive NOI growth. Most of Longview Plaza’s tenants have been at the center since it opened and Burlington quickly backfilled a former vacant anchor space in 2023. A new TPO roof was installed on the entire center in 2019 with a 20-year roof warranty expiring September 2039.
Longview Plaza is a high-performing, heavily trafficked neighborhood shopping center with over 34,798 vehicles daily and 1.8 million annual customer visits. Ranked in the top 32% of all neighborhood centers nationwide, Longview Plaza features very strong Placer.ai store rankings for each anchor tenant. TJ Maxx alone reported $15.9 million of sales (or $530/square foot) in 2024 with an excellent 3.3% health ratio.
This offering represents a rare opportunity for an investor to purchase a well-established and extremely busy shopping center anchored by a high-performing TJ Maxx store in the growing East Texas market of Longview.
Investment highlights
Regionally Dominant, Multi-Anchor Shopping Center in Longview, Texas.
Longview Plaza is a prominent community center in East Texas (125 miles east of Dallas) featuring 153,260 square feet of prime retail space. There are six (6) national credit anchor tenants including TJ Maxx, Best Buy, Burlington, Michaels, Office Depot and Books-a-Million. Built in 1999 and currently 100% leased, Longview Plaza is a highly productive, extremely busy shopping center with consistently high historical occupancy and maintains a weighted average remaining lease term (WALT) of 5.3 years. Books-a-Million extended its lease term for ten (10) years expiring July 31, 2034, and TJ Maxx recently extended its lease term for ten (10) years through April 30, 2035. Longview Plaza is located proximally to Longview Mall, a 641,599 SF enclosed regional mall that was acquired in 2025 and will be redeveloped by Dillard’s and mixed-use developer Trademark Property Company
Exceptional Foot Traffic and Top-Performing Stores Backed by Placer.ai Data.
More than 1.8 million customer visits occurred during the last 12 months at Longview Plaza, which is ranked in the top one-third of all neighborhood centers statewide and nationwide according to Placer.ai. All anchor tenants at Longview Plaza have highly ranked stores for customer visits including:
TJ Maxx: Top 38% (62nd percentile) of chain stores nationwide (2024 Reported Sales at Longview Plaza: $15.9mm or $530 PSF)
Michaels: Top 10% (90th percentile) of chain stores nationwide
Best Buy: Top 10% (90th percentile) of chain stores nationwide PSF
Office Depot: Top 10% (90th percentile) of chain stores nationwide
Burlington: Top 10% (90th percentile) of chain stores nationwide PSF
Books-A-Million: Top 41% (59th percentile) of chain stores nationwide (2025 Reported Sales at Longview Plaza:
$2.65mm or $126 PSF – Tenant sales increased annually 2023-2025)
Cash Flow Dependability with Proven, Strong Leasing Fundamentals.
Two-thirds or 67% of the existing tenants at Longview Plaza are original tenants and have occupied the center since opening in 1999. Given the immediate backfill of the former Bed Bath & Beyond space with Burlington in August 2023 (and subsequent 5-year lease extension by Burlington on February 1, 2026), this asset provides reliable/consistent cash flow stability and benefits from a very compelling backfill, lease-up history. Current annual base rents at Longview Plaza average $11.42 per square foot which is considered below market for national anchor tenants in this submarket and statewide.
Recent, Significant Capital Improvements Completed by Ownership (2019-2024).
2019 – Entire roof system was replaced with durable, energy-efficient 60 mil TPO (Thermoplastic Polyolefin) roofing membrane including a 20-year roof warranty expiring September 2039.
2022 – Entire concrete parking lot was restriped and shopping center was re-painted.
2023 – Parking lot lights: 23 LED lights replaced in 12 parking lot light poles.
2024 – Pylon signs repainted and select parking lot/sidewalk repairs completed.
Tremendous Visibility/Frontage and Excellent Access.
Longview Plaza is strategically located on the south side of Highway 281 just west of McCann Road with more than 34,798 vehicles passing by the center each day. There are three (3) large multi-tenant pylon signs along the perimeter of the shopping center that provide maximum tenant exposure. Longview Plaza provides unobstructed, direct visibility along Hwy. 281 with three (3) access points around the center.
Unencumbered Asset.
Longview Plaza is being offered free and clear of any existing debt.
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