Listed by Summit Real Estate
$4,385,000
4th Street Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 14,700
Cap Rate 7.14%
NOI $312,531
Occupancy 100%
Tenancy Multi
Lease Type Gross
Price per SqFt $298
Class B
Year Built 2007
Acreage 2.060
Investment Type Stabilized
Ground Lease No
14,700 SF Neighborhood Retail Center | Exceptional Tenant Longevity | Diversified Tenant Mix
Marketing description
- 14,700 SF Neighborhood Retail Center | Directly Adjacent to Lowe’s and Along One of Longview’s Most Traveled Retail Corridors, Offering Exceptional Visibility and Daily Consumer Traffic
- Exceptional Tenant Longevity | 100% of Tenants Have Occupied the Center for 10+ Years, Demonstrating Commitment to the Location and Significantly Reducing Rollover Risk
- Affluent Trade Area Demographics | Average Household Income Exceeds $93,000 Within a 3-Mile Radius, Far Surpassing the National Average and Supporting Strong Consumer Spending
- Diversified, Needs-Based Tenant Mix | Six Tenants Spanning Food & Beverage, Telecom, Beauty, Wellness, and Specialty Retail Create a Recession-Resilient Rent Roll
- Superior Visibility & Accessibility | Strategically Positioned Along a High-Traffic Retail Corridor with Excellent Ingress/Egress and Strong Daily Traffic Counts
- Surrounded by National Retail Synergy | Surrounded by Lowe’s, Sam’s Club, Walmart, Home Depot, Target, Chick-fil-A, Chipotle, Whataburger, McDonald’s, Kohl’s, Ulta, PetSmart, Outback Steakhouse, and More | Driving Consistent Consumer Traffic to the Corridor
- Longview’s Diversified Economic Foundation | Strategically Located East Texas Hub with a Robust and Diversified Economy Anchored by Energy, Oil & Gas, Manufacturing, and Healthcare Industries, Providing Long-Term Market Stability
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,531.00
$26,044.25/mo
Valuation Metrics
0
DSCR
7.13%
Cap Rate
7.13%
ROI
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