Listed by Anchor Point Capital
$5,851,852
Absolute NNN Brake Time Gas Station | Longview, TX
Details
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 2,100
NOI $395,000
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 04/20/2045
Remaining Term 20
Year Built 1990
Acreage 0.880
Investment Type Net Lease
Lease Commencement 04/21/2025
Ground Lease No
Sale Condition N/A
New 20 Year Absolute NNN Lease | 2% Annual Rent Increases in Primary Term
Marketing description
For more information contact:
Ned Skinner - [email protected]
Jacob Sparks - [email protected]
Excellent Single Tenant Investment Opportunity
- New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term
- Strong Lease Guaranty; Contact broker for details
- Fee Simple; Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
- 2% Annual Rent Increases in Primary Term and Option Periods
- 2,100 Square-Foot Convenience Store with 8 Fueling Lanes
- Excellent Visibility and Access Along East Loop 281
Outstanding Location in Longview, MSA
- Outparcel to Lowe’s Home Improvement
- Located at the Primary Retail Center with nearby National Anchors; Lowe’s, Home Depot, Walmart, and Sam’s Club
- 33,000 Cars Per Day Frontage along East Loop 281, a Primary Retail and Commuter Corridor in Longview
- Excellent Demographics with Population of 81,355, and $85,496 Average Household Income within a 3‑Mile Radius in a Growing East Longview Trade Area
- Positioned Along Loop 281, Providing Direct Connectivity to I‑20, Downtown Longview, and Major Employment Centers in the East Texas Region
Investment highlights
For more information contact:
Ned Skinner - [email protected]
Jacob Sparks - [email protected]
Excellent Single Tenant Investment Opportunity
- New 20 Year Absolute NNN Lease; 40 Years of Potential Remaining Lease Term
- Strong Lease Guaranty; Contact broker for details
- Fee Simple; Land and Building Ownership
- Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
- 2% Annual Rent Increases in Primary Term and Option Periods
- 2,100 Square-Foot Convenience Store with 8 Fueling Lanes
- Excellent Visibility and Access Along East Loop 281
Outstanding Location in Longview, MSA
- Outparcel to Lowe’s Home Improvement
- Located at the Primary Retail Center with nearby National Anchors; Lowe’s, Home Depot, Walmart, and Sam’s Club
- 33,000 Cars Per Day Frontage along East Loop 281, a Primary Retail and Commuter Corridor in Longview
- Excellent Demographics with Population of 81,355, and $85,496 Average Household Income within a 3‑Mile Radius in a Growing East Longview Trade Area
- Positioned Along Loop 281, Providing Direct Connectivity to I‑20, Downtown Longview, and Major Employment Centers in the East Texas Region
Listing Contacts
Listed by Anchor Point Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$395,000.00
$32,916.67/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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Tax History
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