3520 McCann Rd - Department Store FOR SALE


Longview, TX 75605
$2,700,000 USD
903-738-3886
3520 McCann Rd, Longview, TX for Sale
$2,700,000 USD
Department Store - FOR SALE
1/33
null | 8.6% Cap Rate

3520 McCann Rd
Longview, TX 75605


HIGHLIGHTS

  • Value Add-turn an 8.6 cap into a 10.5 cap
  • Located on Loop 281 and Spur 63
  • High Traffic Count over 35K cpd

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

8.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$272K NOI | 81% Occupied Retail | Texas

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

208

LAND DETAILS

LAND ACRES

3.1 AC

LAND SF

135,036 SF

ZONING

General Retail

APN/PARCEL ID

53571

ASK ABOUT THIS PROPERTY

Bill GrahamSperry Commercial Global AffiliatesMore Info
903-738-3886

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Bill GrahamSperry Commercial Global AffiliatesMore Info
903-738-3886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.