Freestanding Emergency Medical
120 E Loop 281 Longview, TX 75605
For Sale
Contact for pricing
Absolute NNN single-tenant emergency facility leased to CHS with over 11 years remaining and scheduled rent escalations.
Property Size8,492 SF
Lot Size1.64 Acres
Price / SF$397.43
Days on Market52
Property Features for 120 E Loop 281
General Information
- Standard status
- Active
- Size
- 8,492 SF
- Lot size
- 1.64 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 2016
Listing Agency:
JLL - Dallas | Cedar Springs, Texas
Listed By:
Caroline Pinkston · License #601565
Source:
Crexi
Added: Jun 2
Changed: Jul 10
Last Checked: Jul 23 at 3:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Dallas | Cedar Springs, Texas
Investment Insights
Based on property information with market context.
This property is a single-tenant freestanding emergency medical center operated by Longview Medical Center, L.P. The facility is leased on an Absolute NNN basis with 11.7 years of remaining term. The lease provides for rent increases of the lesser of 10.00% or 1.25x CPI every five years, along with one 5-year renewal option. The guarantor is Community Health Systems, Inc., a subsidiary of the lease guarantor and publicly traded on the NYSE (CYH).
Located at 120 E Loop 281 in Longview, Texas, the site sits on a 1.64-acre parcel within a dense retail corridor along E Loop 281, where the property is described as benefiting from approximately 41K VPD. The asset is positioned less than one mile from two major hospitals, CHRISTUS Good Shepherd Longview (425 beds) and Longview Regional Medical Center (264 beds). The property is also directly adjacent to Longview Mall (238,000 SF, described as 93% occupied).
For tenants and investors seeking a healthcare real estate asset structured for minimal landlord involvement, this offering is presented as an Absolute NNN lease with no landlord expenses. The leasing structure also includes scheduled rent escalations and a remaining term of 11.7 years, supported by the operating healthcare system’s network of hospitals and sites across multiple states.
Located at 120 E Loop 281 in Longview, Texas, the site sits on a 1.64-acre parcel within a dense retail corridor along E Loop 281, where the property is described as benefiting from approximately 41K VPD. The asset is positioned less than one mile from two major hospitals, CHRISTUS Good Shepherd Longview (425 beds) and Longview Regional Medical Center (264 beds). The property is also directly adjacent to Longview Mall (238,000 SF, described as 93% occupied).
For tenants and investors seeking a healthcare real estate asset structured for minimal landlord involvement, this offering is presented as an Absolute NNN lease with no landlord expenses. The leasing structure also includes scheduled rent escalations and a remaining term of 11.7 years, supported by the operating healthcare system’s network of hospitals and sites across multiple states.
Key Highlights
- Single‑tenant medical facility (Longview Regional Emergency Center) built in 2016
- Absolute NNN lease to Longview Medical Center, L.P. (subsidiary of Community Health Systems, Inc.)
- 11.7 years of remaining lease term plus one 5‑year renewal option
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $183.4k | $21.60 |
| − Vacancy | −$24.6k | −$2.89 |
| EGI | $158.8k | $18.71 |
| − OpEx | −$63.5k | −$7.48 |
| NOI | $95.3k | $11.22 |
8,492 SF · lease $21.60/SF/yr · vacancy 13.40% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.36M
$1.19M – $1.59M
NOI $95,309 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$6.40M
$5.60M – $7.46M
NOI $447,741 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Longview Regional Emergency ...
Medical Clinic
FAQs
What type of property is this?
Medical center - Absolute NNN single-tenant emergency facility leased to CHS with over 11 years remaining and scheduled rent escalations.
Where is this medical center located?
The property is located at 120 E Loop 281 Longview, TX.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: Single‑tenant medical facility (Longview Regional Emergency Center) built in 2016; Absolute NNN lease to Longview Medical Center, L.P. (subsidiary of Community Health Systems, Inc.); 11.7 years of remaining lease term plus one 5‑year renewal option
