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427 E Loop 281
Longview, TX 75605
Abs NNN Brake Time Gas Station | Longview, TX · Retail Property For Sale
Investment Highlights
- New 20 Year Absolute NNN Lease; 2% Annual Rent Increases in Primary Term and Option Periods; Strong Lease Guaranty; Contact broker for details
- 2,100 Square-Foot Convenience Store with 8 Fueling Lanes; Excellent Visibility and Access Along East Loop 281
- Excellent Demographics with Population of 81,355, and $85,496 Average Household Income within a 3-Mile Radius in a Growing East Longview Trade Area
- Fee Simple; Land and Building Ownership; Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
- Outparcel to Lowe’s Home Improvement; 33,000 Cars Per Day Frontage along East Loop 281, a Primary Retail and Commuter Corridor in Longview
- Located at the Primary Retail Center with nearby National Anchors; Lowe’s, Home Depot, Walmart, and Sam’s Club
Executive Summary
Qualifies for Bonus Depreciation (Consult with Your Tax Professional)
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,100 SF
Building Class
C
Year Built
1990
Price
$5,851,852
Price Per SF
$2,786.60
Cap Rate
6.75%
NOI
$395,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.88 AC
Frontage
114’ on E Loop 281
Amenities
- Signage
Property Taxes
| Parcel Number | 112795 | Improvements Assessment | $168,780 |
| Land Assessment | $327,310 | Total Assessment | $496,090 |
Property Taxes
Parcel Number
112795
Land Assessment
$327,310
Improvements Assessment
$168,780
Total Assessment
$496,090
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