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1402-1448 McCann Rd
Longview, TX 75601
Brookwood Village · Retail Property For Sale
EXECUTIVE SUMMARY
Significant Value–Add Opportunity | 66% Occupied Providing Immediate Upside Through Lease-up | Pro-Forma 12.73% Cap
Offered at Just $94 PSF | Current Average Rent of $11.32 PSF is Well Below Market Allowing for Substantial Growth
Capital Improvements Would Significantly Increase Future Lease Rates and Pro-Forma Return
Anchored by Club 4 Fitness & Dollar General | Together Represent 49.4% of GLA | Club 4 Fitness Drove in 342,300 Visits in 2024 (Source: Placer.ai)
Located Along Prime Corridor | McCann Road Sees Over 19,000 Vehicles per Day
Strong Demographics | Over $84,000 Average Household Income in a 1 Mile Radius – Far Above National Average for Secondary Markets
86,424 Residents within a 5-mile Radius Drive Consistent Daily Traffic to the Center
Surrounded by Major National Retailers | Neighboring Brands Include Kroger, Hobby Lobby, Albertsons, Petco, Academy, T.J. Maxx, Burlington, Natural Grocers, Starbucks, Whataburger, Burger King, Arby’s, AutoZone & Many More
Longview is a Strategically Located East Texas Economic Hub with a Strong Presence in Energy, Oil & Gas, Manufacturing, and Healthcare Industries.
Offered at Just $94 PSF | Current Average Rent of $11.32 PSF is Well Below Market Allowing for Substantial Growth
Capital Improvements Would Significantly Increase Future Lease Rates and Pro-Forma Return
Anchored by Club 4 Fitness & Dollar General | Together Represent 49.4% of GLA | Club 4 Fitness Drove in 342,300 Visits in 2024 (Source: Placer.ai)
Located Along Prime Corridor | McCann Road Sees Over 19,000 Vehicles per Day
Strong Demographics | Over $84,000 Average Household Income in a 1 Mile Radius – Far Above National Average for Secondary Markets
86,424 Residents within a 5-mile Radius Drive Consistent Daily Traffic to the Center
Surrounded by Major National Retailers | Neighboring Brands Include Kroger, Hobby Lobby, Albertsons, Petco, Academy, T.J. Maxx, Burlington, Natural Grocers, Starbucks, Whataburger, Burger King, Arby’s, AutoZone & Many More
Longview is a Strategically Located East Texas Economic Hub with a Strong Presence in Energy, Oil & Gas, Manufacturing, and Healthcare Industries.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
77,000 SF
Building Class
C
Year Built/Renovated
1966/1984
Price
$7,250,000
Price Per SF
$94.16
Cap Rate
6.88%
NOI
$499,013
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
7.00 AC
Parking
400 Spaces (5.19 Spaces per 1,000 SF Leased)
Frontage
596’ on McCann Rd
PROPERTY TAXES
| Parcel Number | 37371 | Improvements Assessment | $4,723,200 |
| Land Assessment | $348,700 | Total Assessment | $5,071,900 |
PROPERTY TAXES
Parcel Number
37371
Land Assessment
$348,700
Improvements Assessment
$4,723,200
Total Assessment
$5,071,900
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