Skip to main content

Shopping Strip

Lufkin Plaza

809 S Timberland Dr, Lufkin, TX 75901

Listing Price: $3,684,000

Cap Rate
6.50%
Gross SF
48,000
Rentable SF
48,000
Price/Gross SF
$76.75
Lot Size
4.34 acres
Year Built
1969

Investment Overview

Marcus & Millichap is pleased to offer Lufkin Plaza for your consideration. Comprised of a 48,000 SF two-tenant shopping center on a large 4.34 acre parcel, the property is located at 809 S. Timberland Drive in Lufkin, TX. Built in 1969 and renovated in 2005, this shopping center boasts a 100 percent occupancy rate. Both national corporate tenants, Big Lots and Citi Trends recently renewed their leases, demonstrating their commitment and confidence of their store’s future performance at this location. Furthermore, they receive significant exposure by way of a large pylon sign visible on the main thoroughfare. Nearby national/credit retailers include HEB, Walgreens, CVS Pharmacy, Dollar Tree, Planet Fitness, Target, and Home Depot. Lufkin Plaza is centrally located in the heart of Lufkin, and less than one mile from downtown. The average Household Income within a 1-mile radius is $55,109. The average Household Retail Expenditure within a 1-mile radius is $45,148. These demographics are well suited for both Big Lots & Citi Trends. Offered for $4,330,000, Lufkin Plaza provides an investor the opportunity to acquire a stable, 100 percent occupied shopping center below replacement cost at a 5.53 percent unleveraged CAP rate.

Investment Highlights

  • Big Lot Stores, Inc. & Citi Trends, Inc. Corporate Guaranteed Leases
  • Both Tenants Recently Renewed Their Leases
  • Large 4.34 Acre Parcel
  • Near Signalized Hard Corner Intersection
  • 100% Occupancy
  • $4,330,000 | 5.53% CAP Rate | $90.21 SF

Exclusively Listed By

Shopping Strip

Lufkin Plaza

Listing Price: $3,684,000

Cap Rate
6.50%
Gross SF
48,000
Rentable SF
48,000
Price/Gross SF
$76.75
Lot Size
4.34 acres
Year Built
1969

Investment Highlights

  • Big Lot Stores, Inc. & Citi Trends, Inc. Corporate Guaranteed Leases
  • Both Tenants Recently Renewed Their Leases
  • Large 4.34 Acre Parcel
  • Near Signalized Hard Corner Intersection
  • 100% Occupancy
  • $4,330,000 | 5.53% CAP Rate | $90.21 SF

Investment Overview

Marcus & Millichap is pleased to offer Lufkin Plaza for your consideration. Comprised of a 48,000 SF two-tenant shopping center on a large 4.34 acre parcel, the property is located at 809 S. Timberland Drive in Lufkin, TX. Built in 1969 and renovated in 2005, this shopping center boasts a 100 percent occupancy rate. Both national corporate tenants, Big Lots and Citi Trends recently renewed their leases, demonstrating their commitment and confidence of their store’s future performance at this location. Furthermore, they receive significant exposure by way of a large pylon sign visible on the main thoroughfare. Nearby national/credit retailers include HEB, Walgreens, CVS Pharmacy, Dollar Tree, Planet Fitness, Target, and Home Depot. Lufkin Plaza is centrally located in the heart of Lufkin, and less than one mile from downtown. The average Household Income within a 1-mile radius is $55,109. The average Household Retail Expenditure within a 1-mile radius is $45,148. These demographics are well suited for both Big Lots & Citi Trends. Offered for $4,330,000, Lufkin Plaza provides an investor the opportunity to acquire a stable, 100 percent occupied shopping center below replacement cost at a 5.53 percent unleveraged CAP rate.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower