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3507 Mccann Rd
Longview, TX 75605
Golden Chick Strip · Retail Property For Sale
Executive Summary
100% Occupied 7,162 SF Retail Center Located in Heart of Longview, TX
Anchored By Golden Chick with Drive-Thru and 12+ Year Operating History at the Site
Located Directly Across the Street from Longview Mall – The Regionally Dominant Shopping Center within a 42-Mile Radius and Premier Shopping Destination of East Texas.
Stable & Diversified Tenant Mix – Existing Tenants on Triple Net Leases with Staggered Lease Expirations, Ensuring Long Term Income Stability
Long Island Nail Salon Recently Signed a New 10-Year Lease with 3.0% Annual Escalations
Golden Chick and One Stop Vape Have 2.5% Annual Escalations
Weighted Average Lease Term Remaining is 7.8 Years
Surrounded by Top National Retailers – Including Academy, Albertsons, Starbucks, Burger King, Best Buy, 7-Brew, Books a Million, TJ Maxx, Petco, Dicks Sporting Goods, Dillard’s, and more.
Anchored By Golden Chick with Drive-Thru and 12+ Year Operating History at the Site
Located Directly Across the Street from Longview Mall – The Regionally Dominant Shopping Center within a 42-Mile Radius and Premier Shopping Destination of East Texas.
Stable & Diversified Tenant Mix – Existing Tenants on Triple Net Leases with Staggered Lease Expirations, Ensuring Long Term Income Stability
Long Island Nail Salon Recently Signed a New 10-Year Lease with 3.0% Annual Escalations
Golden Chick and One Stop Vape Have 2.5% Annual Escalations
Weighted Average Lease Term Remaining is 7.8 Years
Surrounded by Top National Retailers – Including Academy, Albertsons, Starbucks, Burger King, Best Buy, 7-Brew, Books a Million, TJ Maxx, Petco, Dicks Sporting Goods, Dillard’s, and more.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Building Size
7,162 SF
Building Class
C
Year Built
1983
Price
$2,470,000
Price Per SF
$344.88
Cap Rate
7.39%
NOI
$182,528
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.52 AC
Zoning
General Retail
Property Taxes
| Parcel Number | 24980 | Improvements Assessment | $1,406,910 |
| Land Assessment | $266,870 | Total Assessment | $1,673,780 |
Property Taxes
Parcel Number
24980
Land Assessment
$266,870
Improvements Assessment
$1,406,910
Total Assessment
$1,673,780
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