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Burlington, Longview, TX

Burlington

Texas, USA

Price $7,515,000
Cap Rate
NOI
Lease Term Three (3) Years Remaining
Lease Type Net Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance, Excluding Roof, Structure, And Parking Lot
Rental Increases Approx. 5% Rental Increases Every Five (5) Years
Year Built 1986 (Estimated)
Building Size 77,477 SF
Lot Size 6.41 Acres (279,220 SF) (Estimated)
Status Sold
Lead Broker Information Vincent Aicale
Executive Managing Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Managing Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NET LEASE WITH CORPORATE GUARANTY
» Net lease with a strong corporate guaranty
» Scheduled rental increases, providing a hedge against inflation
» Burlington (NYSE: “BURL”) is rated “Ba2” by Moody’s and “BB+” by S&P
» Burlington was ranked #6 in Fortune Best Workplaces in Retail 2021
» Texas has no state income tax, estate tax, or inheritance tax

HIGH-VISIBILITY LOCATION IN DENSE RETAIL CORRIDOR
» Conveniently located near the signalized intersection of West Loop 281 (31,547 AADT) and Judson Road (18,382 AADT)
» Less than two miles from U.S. Route 259, with access to 25,881 vehicles per day
» Strategic location within Market Place Shopping mall and across from Longview Mall (70+ stores, 10,000 weekly visitors) and Northloop Plaza (230,000 SF, 22 stores)
» Proximity to highly trafficked retail centers with major tenants in the surrounding area such as Walmart Supercenter, Sam’s Club, Albertsons, The Home Depot, Lowe’s Home Improvement, Best Buy, DICK’s Sporting Goods, JCPenney, T.J. Maxx, AMC Longview 10, and many more
» Situated across from Longview High School (2,145 students), Summer Green Apartments (424 units), and Misty Ridge Apartments (176 units), providing a stable nearby customer base for the site

PRIME LOCATION WITH PROXIMITY TO STRONG TRAFFIC DRIVERS
» Walking distance to Candlewood Suites Longview (71 rooms) and Holiday Inn Longview – North (80 rooms) with over 15 hotels within a five-mile radius, significantly increasing traffic to the site
» Surrounded by high-density, single family housing developments and large apartment complexes, including Magnolia Pointe Apartments (344 units), Wellington Grande Apartment Homes (226 units), and numerous others
» Minutes from Longview Regional Medical Center (224 beds) and CHRISTUS Good Shepherd Medical Center – Longview (425 beds)
» Near many well-attended schools like Pine Tree High School (1,207 Students), Kilgore College – Longview North (725 students), and many more
» 83,406 residents within a five-mile radius, providing a consistent customer base
» Average annual household income of $83,998 within three miles and projected to increase 11% by 2026, poising Burlington and the immediate trade area for concurrent growth


Property Description

SOLD

Burlington is conveniently located near the signalized intersection of West Loop 281 (31,547 AADT) and Judson Road (18,382 AADT). The property is less than two miles from U.S. Route 259, with access to 25,881 vehicles per day on one of the primary traffic arteries in Longview. The site is within the Market Place Shopping mall and strategically placed across from Longview Mall (70+ stores with 10,000 weekly visitors) and Northloop Plaza (230,000 SF, 22 stores), which are strong traffic drivers in the dense retail corridor. The property maintains beneficial proximity to highly trafficked retail centers with major tenants in the surrounding area such as Walmart Supercenter, Sam’s Club, Albertsons, The Home Depot, Lowe’s Home Improvement, Best Buy, DICK’s Sporting Goods, JCPenney, T.J. Maxx, AMC Longview 10, and many more. Additionally, the site is situated across from Longview High School (2,145 students), Summer Green Apartments (424 units), and Misty Ridge Apartments (176 units), providing a consistent nearby customer base for the site.

The property is within walking distance to Candlewood Suites Longview (71 rooms) and Holiday Inn Longview – North (80 rooms) with over 15 hotels within a five-mile radius, significantly increasing traffic to the site. The location is surrounded by high-density, single family housing developments and large apartment complexes, including Magnolia Pointe Apartments (344 units), Wellington Grande Apartment Homes (226 units), and numerous others. The site is minutes from Longview Regional Medical Center (224 beds) and CHRISTUS Good Shepherd Medical Center – Longview (425 beds). The property is near many well-attended schools such as Pine Tree High School (1,207 Students), Kilgore College – Longview North (725 students), and many more. Burlington is in a prime location with 83,406 residents within a five-mile radius, and an average annual household income of $83,998 within three miles of the property. The average annual household income is projected to increase 11% by 2026, poising Burlington and the immediate trade area for concurrent growth.

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