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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 began in 1939 as a wholesale venture and later opened its first store in 1955, growing into a discount retail business focused on everyday essentials. The company sells food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, paper products, and seasonal items, and it also offers products online. Dollar General operates as a broad neighborhood retail chain with a presence across the United States and Mexico, serving shoppers through convenient store formats and an e-commerce channel.
| 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
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Street
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1401 Kurth Dr
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