Cap Rate: 8.83%
Size: 48,000 SF
Lot Size: 4.34 Acres
Marcus & Millichap is pleased to offer Big Lots | Citi Trends 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, Texas. Built in 1969 and renovated in 2005, this shopping center boasts a 100 percent occupancy rate.
The subject property is located near the signalized, hard corner intersection of E. Denman Avenue and S. Timberland Dr. Primary access to this center is from over 400 feet of frontage along S. Timberland Dr. as well as access to E. Denman Ave., providing excellent ingress and egress for the tenants’ customers. Furthermore, tenants 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.
Big Lots | Citi Trends is centrally located in the heart of Lufkin less than one mile from downtown. According to CoStar, consumers have $462.3M of retail expenditures annually within a 5-mile radius of the shopping center. Experian reports that the 2019 Consumer Expenditures (Average Household Annual Expenditures) within a 5-mile radius of the center is approximately $49,948 annually. Expenditures are projected to grow to $59,201 in 2025, which is an 18.53% increase. The median 2019 HHI within a 5-mile radius was $47,564 and expected to grow to $55,061 in 2025. These demographics are well suited for both Big Lots & Citi Trends.
Lufkin is the county seat of Angelina County, located in the Texas Forest Country in between Davy Crockett National Forest and Angelina National Forest. Lake Sam Rayburn, the largest reservoir in the state of Texas with more than 570 miles of shoreline, attracts approximately 2 million users to the area each year for the State’s best bass ﬁshing, water skiing, camping and more. In addition, Lufkin offers easy access to major cities like Dallas, Houston, San Antonio, and Waco.
- Big Lot Stores, Inc. & Citi Trends, Inc. Corporate Leases
- Large 4.34 Acre Parcel
- Near Signalized Hard Corner Intersection
- 100% Occupancy
- $462.3M Total Consumer Spending within 5-Miles