1231 W Loop 281 | Longview, TX 75604
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- LoopNet Team
1231 W Loop 281
Longview, TX 75604
Mavis Discount Tire · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- At closing the tenant will execute a brand new 20-year absolute triple-net lease. The lease will have no landlord responsibilities.
- Recession Resistant Due to Non Discretionary Nature of Services
- The lease will be subject to a strong corporate guarantee from Mavis Tire Express Services
- Attractive Rent Increases | The lease will feature scheduled increases of 5.00% every 5 years, hedging against inflation.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,416 SF
Building Class
B
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.00 AC
Zoning
C
Parking
26 Spaces (4.05 Spaces per 1,000 SF Leased)
Frontage
183’ on West Loop 281
PROPERTY TAXES
| Parcel Number | 26104 | Improvements Assessment | $286,310 |
| Land Assessment | $88,900 | Total Assessment | $375,210 |
PROPERTY TAXES
Parcel Number
26104
Land Assessment
$88,900
Improvements Assessment
$286,310
Total Assessment
$375,210
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