3876 Whitehurst Dr, Longview, TX

This functional industrial outdoor storage site features a ±15,000 SF facility on ±3.19 acres of land, offering substantial industrial outdoor storage capabilities with 10.79% coverage. The property is strategically located directly off I-20, providing connectivity to the Dallas-Fort Worth metroplex and the rest of Texas. Situated at a hard corner of Loop 281 and I-20, the site benefits from high traffic volume, with Loop 281 seeing approximately 15,000 vehicles per day and I-20 seeing approximately 36,000 vehicles per day, and has immediate access to the on/off ramp. The property is occupied by SRS Distribution, a building supply distributor with over 750 locations across 47 states and an annual revenue of ±$10 Billion. SRS Distribution was acquired by Home Depot (NYSE: HD) for ±$18.25B in June 2024. SRS Distribution expanded its operations at the site in 2023 and will further expand in Q1 of 2025, demonstrating its commitment to the location. Recent renovations include ±0.80 AC of 3” thick type D asphalt paving, roof repairs for both buildings, new 6’ security fencing, and a new concrete entry way. SRS Distribution recently signed a new five-year lease at the site and has two additional five-year options to extend. The new lease includes 3% annual increases throughout the initial term and option periods, as well as Fair Market Value (FMV) rent adjustments at the commencement of each option period.