Investment Overview

Southgate Shopping Center is a 91,938-square-foot grocery-anchored retail center situated on approximately 17.11 acres along South Street in Nacogdoches, Texas. The property is approximately 90 percent occupied and anchored by Brookshire Brothers, which occupies 35,000 square feet and has operated at the center since 1991. The tenant mix also includes Planet Fitness, Family Dollar, SpinXpress Laundry, the U.S. Army Corps of Engineers, and a collection of service-oriented and wireless tenants that generate recurring daily traffic. The property offers multiple avenues for future value creation through the lease-up of 9,400 square feet of existing vacancy, below-market in-place rents, and an additional pad site adjacent to the Metro by T-Mobile building. The pad provides the potential for future retail development and an additional income stream, subject to applicable approvals. Together, the center's grocery anchor, diversified tenant roster, embedded rental upside, and development potential create a compelling combination of current income and long-term value creation. Southgate Shopping Center is prominently located along South Street, one of Nacogdoches' primary commercial corridors, with strong visibility and convenient access to the surrounding trade area. The corridor carries approximately 13,572 vehicles per day and is supported by an extensive mix of national and regional retailers, restaurants, service providers, healthcare facilities, and major employers. The property is approximately two miles from Stephen F. Austin State University, which serves approximately 10,500 students and employs more than 1,400 people. The university generates a recurring base of student, faculty, staff, and visitor demand that complements the surrounding residential population. Southgate also benefits from proximity to several of the area's largest employers, including Pilgrim's Pride, Nacogdoches Independent School District, Nacogdoches County Hospital District, Nacogdoches Medical Center, and the City of Nacogdoches. Within five miles, the property serves a population of approximately 39,248 residents. Southgate's location along an established retail corridor, combined with its grocery, fitness, value-retail, service, and daily-needs tenancy, positions the center to serve recurring consumer demand from the surrounding residential, university, and employment base.