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1401 Kurth Dr 9,026 SF Retail Building Lufkin, TX 75904 $1,252,800 ($138.80/SF) 8% Cap Rate
Investment Highlights
- 2014 build-to-suit construction for Dollar General
- ±2 Miles from downtown Lufkin, TX
- Corporately guaranteed lease from Dollar General Corporation
- Absolute NNN Lease – Zero Landlord Responsibilities
- Five Mile population in excess of 46,510 residents
- Texas is an income tax-free state
Executive Summary
Broker of Record
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,026 SF
Building Class
C
Year Built
2010
Price
$1,252,800
Price Per SF
$138.80
Cap Rate
8%
NOI
$100,224
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.50 AC
Opportunity Zone
Yes
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 94043 | Improvements Assessment | $1,616,990 |
| Land Assessment | $104,540 | Total Assessment | $1,721,530 |
Property Taxes
Parcel Number
94043
Land Assessment
$104,540
Improvements Assessment
$1,616,990
Total Assessment
$1,721,530
(214) 347-7988
x4188
Contacts
-
Wyatt Wagner -
Scotty Latimer -
Josh Bishop -
Matthews Real Estate Investment Services
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1401 Kurth Dr
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