Property Name

High Plaza Center




GLA 30,977 SF

Percent Leased 100% Leased

Property Description

High Plaza Center is a 30,977 square foot retail center located in the established east Texas submarket of Longview, Texas.  The Property sits on 2.91 acres of land at the convergence of High Street, Mobberly Avenue and Estes Parkway.  High Plaza Center is approximately forty minutes from Tyler, Texas and less than one hour from Shreveport, Louisiana.  The Property is 100% leased to an attractive mix of national, regional and local retailers led by Family Dollar, Wing Stop, Metro By T-Mobile, Little Caesars, Acceptance Auto Insurance, Grocery Services North, Texas WIC, Barber Institute of Texas and Total Beauty Supply.  Priced significantly below replacement cost at $89.91 per square foot, High Plaza Center has average rents of only $7.51 per square foot (NNN & Gross), providing long term upside potential in rent growth.  The Property benefits from a drive through end cap for Little Caesars, partial masonry construction, 3 highly visible pylon signs, multiple ingress/egress points and cross-access to the adjacent O’Reilly Auto Parts who recently signed a new lease to occupy 26,000+ square feet as an anchor to the site.  Four of the tenants comprising of 61.05% of the GLA have been at High Plaza Center for over 10 years.
 


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