Hawkins Crossing | 3052 N Eastman Rd
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Hawkins Crossing 3052 N Eastman Rd
16,250 SF 86% Leased Retail Building Longview, TX 75605 $3,500,000 ($215/SF) 6.79% Cap Rate
Investment Highlights
- Current Net Operating Income (NOI): $237,700
- Pro Forma NOI: $306,743 (with full occupancy)
- Property boasts stability, growth potential, and quality tenant mix for prospective investors
- Current Cap Rate: 6.8%
- Pro Forma Cap Rate: 8.8% (with full occupancy)
Executive Summary
Discover an exceptional investment opportunity with Hawkins Crossing, a well-established retail center located on a major thoroughfare in Longview, Texas. This property boasts a remarkable 93% occupancy rate, featuring a diverse mix of tenants with long-term leases that ensure steady income and minimize turnover. Strategically positioned for maximum visibility and accessibility, the retail center benefits from high traffic counts, include ample parking, and attractive storefronts. The current tenant roster includes a blend of popular national brands and local favorites, creating a vibrant shopping experience that appeals to a broad demographic.
Property Overview:
• 7 units leased to a mix of well-known local and national tenants
• Long-term NNN (triple-net) leases in place
• 1,100 SF single unit currently vacant, providing potential for additional income
• All leases include built-in rent escalations, ensuring income growth over time
Investment Opportunity:
• Stable income stream from reputable tenants with a strong track record
• Potential upside with pro forma cap rate of 8.8% at full occupancy
• 2.01 acres
• Frontage: 426 feet on Hwy 259
Property Overview:
• 7 units leased to a mix of well-known local and national tenants
• Long-term NNN (triple-net) leases in place
• 1,100 SF single unit currently vacant, providing potential for additional income
• All leases include built-in rent escalations, ensuring income growth over time
Investment Opportunity:
• Stable income stream from reputable tenants with a strong track record
• Potential upside with pro forma cap rate of 8.8% at full occupancy
• 2.01 acres
• Frontage: 426 feet on Hwy 259
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,250 SF
Building Class
C
Year Built
2008
Price
$3,500,000
Price Per SF
$215
Cap Rate
6.79%
NOI
$237,700
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
2.01 AC
Zoning
Commercial
Parking
60 Spaces (3.69 Spaces per 1,000 SF Leased)
Frontage
426 FT on N Eastman Rd
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,100 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,100 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,100 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,634,480 | |
| Land Assessment | $1,152,260 | Total Assessment | $3,786,740 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,152,260
Improvements Assessment
$2,634,480
Total Assessment
$3,786,740
1 of 16
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Hawkins Crossing | 3052 N Eastman Rd
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