3800 Whitehurst Dr · Longview, TX 75602 · Grocery / Big Box
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
Recent Lease Extension – SRS Distribution recently executed a new 5-year lease extension at the site. The lease includes 3% annual increases throughout the initial term and option periods (two 5-year options), as well as fair market value (FMV) rent adjustments at the start of each option period, providing for a strong hedge against inflation.
Investment Grade Parent Company – With over 760 locations across 47 states, SRS Distribution has quickly grown to become one of the largest roofing and building supply distributors in the United States, posting an annual revenue of ±$10 billion. In June 2024, SRS Distribution was acquired by Home Depot (NYSE: HD) for ±$18.25 billion. Home Depot is an investment-grade tenant (S&P: “A”).
Prime Location with Interstate Frontage – The subject property is strategically located at a hard corner of Interstate 20 (±36,000 VPD) and Loop 281 (±15,000 VPD), offering immediate access to the exit ramp. Interstate 20 is one of the most heavily trafficked roads in the Southeast, providing direct access to the Dallas–Fort Worth Metroplex, the fourth most populous metropolitan area in the United States.
Multiple Rounds of Expansions and Renovations – SRS Distribution expanded its operations at the site in 2023 and again in 2025 at the start of their new lease, demonstrating their strong commitment to the location and the fast-growing North Texas market. To accommodate SRS’s growing presence at the facility, multiple rounds of renovations have been conducted in recent years.
Highly Desirable IOS Site – This ±15,000 SF facility sits on ±3.17 acres of land (10.85% coverage), providing substantial industrial outdoor storage (IOS) capabilities. The site is located at a hard corner of Loop 281 (±15,000 VPD) and I-20 (±36,000 VPD) with immediate access to the on/off ramp.
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Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.