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2430 S High St
Longview, TX 75602
High Plaza Center · Retail Property For Sale
Investment Highlights
- 100% Leased Retail Center in the Established East Texas Submarket of Longview, TX
- Below Market Rents Averaging $7.51 PSF, with Upside Potential in Rent Growth & Converting Existing Gross Leases to NNN
- Four (4) Tenants Occupying 61.05% of the GLA Have Been at the Property for Over 10 Years; Family Dollar (27.89% of GLA) Has Been at the Property For 2
- Priced Significantly Below Replacement Cost at $89.91 PSF
- Attractive Mix of National & Regional Retailers Including Wing Stop, Metro By T-Mobile, Little Caesars (Drive-Thru End Cap), Family Dollar, Acceptance
- Directly Adjacent to Newly Leased O’Reilly Auto Parts Store (26,000+ SF)
Property Facts
Property Type
Building Size
30,977 SF
Building Class
C
Year Built
1980
Percent Leased
71%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
2.91 AC
Zoning
Commercial
Parking
300 Spaces (9.68 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 36557 | Improvements Assessment | $1,306,300 |
| Land Assessment | $121,420 | Total Assessment | $1,427,720 |
Property Taxes
Parcel Number
36557
Land Assessment
$121,420
Improvements Assessment
$1,306,300
Total Assessment
$1,427,720
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