L'Patricia

Retail-Commercial for Sale
Also listed as Business Opportunity, Shopping Center
Catylist Listing ID: 29973942
Property Subtypes: Street Retail, Other
Building Size (RSF): 29,570 SF
Gross Land Area: 2.40 Acres
Sale Price: $1,895,000
Unit Price: $64.09 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: L'Patricia
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 6.32%
Last Updated: 11/12/2018

Overview / Comments

Located within Longview Mall. Investment property. Fully leased to women's and girl's retailer.
Tenant pays tax, insurance and Mall CAM.
6.32 CAP NNN Investment
Landlord only responsible for 74,000 square foot parking lot. Please call Agent for more details.

Population of 189,000 within a twenty mile radius.

Attachments & Media

Financials

Finance Data Year 2016
Potential Rental Income $119,000 (Annual)

Current Tenants

Tenant Business Name LP 66 Wholesale Center, LLC dba L'Patricia
Industry Type Retail Trade
Is Renting? Yes
SF of Space Occupied 29,570 SF
Current Rent $4 PSF (Annual)
Options 2 options of 3 years each
Tenant Notes Women's and Junior's clothing, shoes and accessories. Multiple locations in Texas.

Additional Details

Nearest MSA: Longview
County: Gregg
Taxing Authority: Longview, Texas
Retail Clientele: Family
Property Located Between: McCann Road and Judson Road
Property Visibility: Excellent
Largest Nearby Street: Highway 281
Highway Access: Highway 281
Site Description: Within the Longview, Texas Mall, but it has an outside entrance also, and parking in front of entrance.
Area Description: Located in the Regional Longview, Texas Mall
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Renovated: 2011
Exterior Description: Brick
Parking Type: Surface
Interior Description: Remodeled in 2011
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,647 43,511 81,807
Median Age: 41.08 39.86 36.75
Households: 3,285 18,392 31,520

Contact

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