NNN Investment Opportunity 2nd Gen. Dine-in Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30727452
Property Subtypes: Restaurant
Building Size (RSF): 6,865 SF
Gross Building Area: See Agent
Gross Land Area: 1.50 Acres
Sale Price: $2,150,000
Unit Price: $313.18 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: NNN Investment Opportunity 2nd Gen. Dine-in Restaurant
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 7/8/2021

Overview / Comments

Investment opportunity located in Longview's bustling retail corridor, along Fourth Street and Loop 281. The building is in great condition with above average dine-in restaurant finish out. Facility is currently oriented for single tenancy.

New 5-year NNN lease in place with one (1) 5-year renewal option
On-site billboard brings in $400/month of additional income
Modern Class-A Construction
Located adjacent to Loop 281/Fourth St. intersection
Frontage visibility
Ample parking

Attachments & Media

Additional Details

Nearest MSA: Longview
County: Gregg
Tax ID/APN: 1184159
Zoning: C-1; LIGHT COMMERCIAL
Property Visibility: Good
Largest Nearby Street: Loop 281
Highway Access: Loop 281
Site Description: Investment opportunity located in Longview's bustling retail corridor, along Fourth Street and Loop 281. The building is in great condition with above average dine-in restaurant finish out. Facility is currently oriented for single tenancy.
Total Number of Buildings: 1
Construction/Siding: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,510 35,337 78,776
Median Age: 48.38 40.41 36.97
Households: 3,553 15,312 30,495

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