Investment Property for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30296405
Property Subtypes: Restaurant
Building Size (RSF): 9,492 SF
Sale Price: $1,495,000
Unit Price: $157.50 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 9.0%
Average Occupancy Rate: 100
Last Updated: 8/7/2018

Overview / Comments

NNN Investment Property
Located on the Spur in Longview, Texas, the property offers multiple access points and visibility to a mature and established restaurant corridor.
Site is on Spur 63 North of Highway 80 (W. Marshall Ave.).
Neighboring businesses include Hertz, Mi Casita, Kroger, La Carreta, The Butcher Shop and Orr Cadillac.
Tenant: Kobee Japanese Steakhouse

Additional Details

Nearest MSA: Longview
County: Gregg
Taxing Authority: GCAD
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business
Highway Access: Easy access to Hwy. 80
Area Description: Mature and established restaurant corridor
Tenancy: Single Tenant
Property Condition: Good
Year Built: 1979
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,371 57,508 84,288
Median Age: 37.95 36.86 36.07
Households: 3,022 22,266 32,103

Contact

Photograph of Listing Agent

Matthew K Marshall

Drake Real Estate & Investments GTAR Commercial Member
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