The emergence of the \textit{low-altitude economy} (LAE) calls for highly integrated and reliable wireless systems that can simultaneously support \textit{communication and sensing} (C\&S) functions. Although \textit{integrated sensing and communication} (ISAC) has been widely studied, most existing works focused on link-level or single-cell architectures in terrestrial environments, leaving the potential of network-level cooperative air-ground ISAC largely unexplored. To bridge this gap, a heterogeneous air-ground ISAC network architecture based on \textit{coordinated multipoint} (CoMP) is proposed, which incorporates a cooperative hybrid mono/bi-static sensing scheme to enhance spatial diversity and sensing capability. In the proposed architecture, a two-tier \textit{base station} (BS) deployment is adopted: master BSs are arranged in a hexagonal lattice, while slave BSs follow a Poisson point process distribution. This structure concurrently supports communication for terrestrial users and sensing for aerial targets. A holistic performance analysis framework for both C\&S is further developed, accounting for key channel and network parameters. Simulation results reveal inherent trade-offs between C\&S performance, especially under multi-BS cooperation and varying network density. These findings provide practical guidance for the deployment of scalable and efficient ISAC networks in LAE scenarios.

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