Investment Highlights
Sprouts-Anchored, Value-add Community/Power Center Adjacent to Longview Mall.
North Loop Plaza is a well-located, 224,188 square foot grocery-anchored center located in Longview, Texas. Anchored by a 24,389 square foot top-ranked Sprouts Farmers Market that opened in 2025 (new 15 year lease), North Loop Plaza features a mix of eleven (11) national and local tenants plus a pending 13,500 square foot lease with Dollar Tree. Additional anchor tenants include Crunch Fitness (35,847 SF) and a Home Outlet store (25,096 SF), which features more than 106 locations in 20 states.
Significant Lease-up Opportunities & Compelling Rent Growth.
Currently 66.6% leased (including Dollar Tree), North Loop Plaza is a popular and well-established shopping center with ten (10) available suites totaling 74,935 square feet. Average annual base rent at North Loop Plaza is $14.39/SF and considered below-market for comparable retail space in the surrounding submarket. Over a 5-year hold period, the compound annual growth rate (CAGR) at North Loop Plaza exceeds 11% based on organic rent growth and using conservative market lease rate assumptions. Over a 10-year period, the CAGR is 6.7%.
Very Strong Placer.ai Anchor Store Rankings, #1 Ranked Sprouts store.
With more than 1.9 million annual customer visits at North Loop Plaza, the Placer.ai store rankings are very impressive. Sprouts’ store is ranked #1 out of 55 stores in Texas and ranked in the top 96% (percentile) of Sprouts stores nationwide. Crunch Fitness’ store is ranked in the top 73% (percentile) in Texas and top 83% (percentile) nationwide. Home Outlets’ store at North Loop Plaza is ranked in the top 72% (percentile) out of 106 stores nationwide.
$10 Million of Capital Improvements Completed 2020-2025.
Current ownership completed a significant renovation of North Loop Plaza including a $3 million renovation for Sprouts Farmers Market within the $10MM project upgrade in 2025. Project improvements include new facades, parking lots and anchor tenants. All roofs were replaced 2020-2025 except for suite 2547.
Affluent Household Incomes and Expansive Trade Area.
North Loop Plaza is surrounded by affluent incomes and dense population including a strong daytime population. Average household incomes exceed $96,149 within a 3-mile radius with daytime population exceeding 55,183 residents. Within a 5-mile radius of the center, there are more than 95,250 daytime residents with average household incomes exceeding $90,780. Within the defined trade area, there is a population of 311,852 people with average household incomes of $87,531. Shoppers travel an average of 13.4 miles and return 6.8 times annually, demonstrating strong regional draw and customer loyalty. Longview generates over $2 billion in annual retail sales.
Excellent Visibility and Access with Pylon Signage.
North Loop Plaza is located at the signalized, southwest corner of West Loop 281 and Judson Rd in Longview with more than 56,478 vehicles passing by the center each day. The shopping center maintains seven (7) access points allowing convenient ingress/egress for shoppers and features two (2) prominent, multi-tenant pylon signs.
Site Plan
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Demographics
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Location
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