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401 N Timberland Dr 3,132 SF Retail Building Lufkin, TX 75901 $2,400,000 ($766.28/SF) 7% Cap Rate
Investment Highlights
- Hard corner with excellent visibility
- Combined traffic count of over 21,828 vehicles per day
- Zero landlord responsibilities making it an ideal, no-management investment opportunity for a passive investor
- Dual access from main thoroughfare N TImberland (Hwy 69) & E Groesbeck Ave
- Close proximity to Downtown Lufkin
Executive Summary
3,132 SF C-Store on ±0.89 Acres in Lufkin
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,132 SF
Year Built/Renovated
1981/2021
Price
$2,400,000
Price Per SF
$766.28
Cap Rate
7%
NOI
$168,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.89 AC
Opportunity Zone
Yes
Zoning
Commercial
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20292 | Improvements Assessment | $353,260 |
| Land Assessment | $131,070 | Total Assessment | $484,330 |
Property Taxes
Parcel Number
20292
Land Assessment
$131,070
Improvements Assessment
$353,260
Total Assessment
$484,330
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401 N Timberland Dr
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