1011 Wal Street Suite 300 Longview, TX 75605

Listing agency SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed by Matthew Mousavi · License #CA 01732226

Source Crexi

Added: Apr 10 Updated: Jul 21 at 1:19AM Checked: Jul 22 at 12:41PM

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Investment Insights

Based on property information with market context.

SRS National Net Lease Group is pleased to offer the fee simple interest (land and building) in an absolute NNN leased Tractor Supply Co. investment property. Tractor Supply Co. of Texas, L.P. recently extended its initial term through April 2028, with a 5% rental increase in 2023. The lease is corporate guaranteed and described as absolute NNN with zero landlord responsibilities.

The site is located near a signalized hard-corner intersection of E. Hawkins Parkway and US Highway 259, with combined traffic of 33,400 vehicles passing by each day. It is also positioned about half a mile north of the on/off-ramp to State Highway 281 (24,500 VPD). The surrounding retail corridor includes nearby retailers such as Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, The Home Depot, Target, PetSmart, Kohl’s, and Regal Cinemas.

The property is about 1.5 miles northeast of Longview Mall and its 638,000 SF of retail space, which is anchored by Dillard’s, Sears, JCPenney, and Stage Stores. The 5-mile trade area is supported by a population of nearly 75,000 with an average household income of $70,600.

Key Highlights

• Absolute NNN Tractor Supply Co. fee simple investment with corporate guarantee and zero landlord responsibilities
• Tenant Tractor Supply Co. of Texas, L.P. extended the initial term through April 2028 with a 5% rental increase in 2023
• Lease includes 4 (5‑year) options remaining: 6.8% increase in the first option and 4% increases at the start of each following option

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FAQs

What type of property is this?

NNN property - Absolute NNN Tractor Supply Co. property with corporate guarantee and a recently extended term through April 2028.

Where is this nnn property located?

The property is located at 1011 Wal Street Suite 300 Longview, TX.

What are key features of this property?

This property features: Absolute NNN Tractor Supply Co. fee simple investment with corporate guarantee and zero landlord responsibilities; Tenant Tractor Supply Co. of Texas, L.P. extended the initial term through April 2028 with a 5% rental increase in 2023; Lease includes 4 (5‑year) options remaining: 6.8% increase in the first option and 4% increases at the start of each following option