Freestanding Emergency Medical
For Sale
Contact for pricing
120 E Loop 281, Longview, TX 75605
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 Market98
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
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$216,000
Additional Details
Traffic Count
41,000 vehicles/day
Building Details
Year Built
2016
Tenancy
Single
Listing Agency:
JLL Phoenix
Listed By:
Nick Franklin · License #AZ0138
(602) 282-6300
Source:
Crexi
Added: Jun 2
Changed: Aug 24
Last Checked: Sep 7 at 1:00AM
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 Phoenix
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$95,309
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,906,180
$1.9M
Cap Rate 7%
$1,361,557
$1.4M
Cap Rate 9%
$1,058,989
$1.1M
Market Conditions
NOI Build-Up for 8,492 SF
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.
Gross rent
$183.4K $21.60/SF
− Vacancy
−$24.6K −$2.89/SF
EGI
$158.8K $18.71/SF
− OpEx
−$63.5K −$7.48/SF
NOI
$95.3K $11.22/SF
Area
Gregg County, TX
Vacancy
13.40%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,906,180
Cap Rate 7%
$1,361,557
Cap Rate 9%
$1,058,989
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
41,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
907
Businesses Nearby
Explore this area
Business Placement
Demographics for 75605, TX
32,909
Population
16,425
Households
2
Avg Household Size
41
Median Age
30%
College-Educated
94%
High-School Grad
80.3 sq mi
ZIP Area
410
Density / Sq Mi
$75,665
Median Household Income
$48,040
Median Earnings
$1,186
Median Rent
$238,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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
