Big Lots, Subway & Allstate
Big Lots, Subway and Allstate is a 40,785 SF, 96.32% leased retail center located in the heart of Kilgore, Texas. Big Lots (NYSE: BIG) signed a new 10-year corporate lease in 2022 at $8.15 PSF with four, 5-year renewal options at $0.50 PSF increases during each option period. Additionally, the Property benefitted from extensive renovations in 2022 including a new TPO roof (15-year transferable warranty), parking lot seal coating, striping and new LED lighting, a newly constructed two-sided pylon sign, an upgraded façade, wall pack lighting and new building paint. Situated on approximately 3.69 acres of land, Big Lots, Subway and Allstate is only 15 minutes southwest of Longview, Texas and 30 minutes west of Tyler, Texas. As a testament to the strength in the submarket and location, Subway, Allstate and Twice the Ice have all been tenants at the Property for over 15 years and have all renewed their leases at least once. Shop space rents average just $15.91 PSF NNN. In addition, future upside exists in leasing the last remaining 1,500 SF vacancy.