REO Sale | Longview Mall Retail Box with Value-Add Potential

Starting Bid $500,000

Auctioneer: Lamar P. Fisher

Auctioneer Company: Fisher Auction Company Inc.

Auctioneer License: 10344

• 81% occupied, below market rent
• 6.58 Weighted Average Lease Term (WALT)
• Attached to the Longview Mall (630,000 SF, low vacancy)
• Neighboring Anchors include: HomeGoods, Dillard’s, JCPenney, Dick’s Sporting Goods, H&M, Conn’s

Marcus & Millichap in conjunction with RealInsight Marketplace, is pleased to offer for sale a fee simple, 40,524 square foot retail building situated on 3.1 acres at the Longview Mall. Currently 81% occupied with 6.5 years WALT, the anchor tenant, L ‘Patricia, is a top retailer for women’s wear and has been in this location since 2012.

Stable tenants, with in place below market rents, provides a high probability of long-term renewal with the immediate upside of 7,511 square feet to be leased. Unique opportunity to purchase a property that is contiguous to a 630,000 SF Regional Mall with 208 parking spaces. Longview Mall has undergone extensive renovations, with over $20 million invested in upgrades for anchor tenants including HomeGoods, Dillard’s,  JCPenney, Dick’s Sporting Goods, H&M and Conn’s.

Longview Texas retail market comprised more than 13,000,000 SF of Retail space with a vacancy rate of less than 5% and significant barriers of entry for competing inventory.  It is strategically positioned along the U.S. Interstate 20 and U.S. Highway 80 corridors, providing seamless connectivity between the Dallas/Fort Worth Metroplex and Shreveport/Bossier City, Louisiana. Longview serves as the hub of East Texas, offering a central location for commerce, outdoor recreation, and leisure travel.