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Lufkin Retail Center - Lufkin, TX 809 S Timberland Dr 48,000 SF 100% Leased Retail Building Lufkin, TX 75901 $3,123,973 ($65.08/SF) 7.50% Cap Rate
Investment Highlights
- Offered at $3,123,973 ($65.08 PSF) at a 7.50% CAP Rate, providing a strong yield relative to replacement cost.
- Citi Trends has no renewal options, creating an opportunity for lease restructuring, re-tenanting, or rent increases.
- Excellent frontage and exposure along S. Timberland Drive, one of Lufkin’s primary retail corridors.
- Ollie’s assumed the former Big Lots lease and is now open, reinforcing the center’s long-term viability and tenant demand.
- Current rents average $5.17 PSF, offering strong upside relative to market comparables.
- Located near the high-traffic intersection of E. Denman Avenue and S. Timberland Drive, driving consistent retail traffic.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 48,000 SF Lufkin Retail Center in Lufkin, Texas. The center is anchored by Ollie’s Bargain Outlet, which assumed the former Big Lots lease and opened in August 2025, reinforcing the strength of the location along S. Timberland Drive.
With an attractive basis of $65.08 PSF, below-market rents averaging $5.17 PSF, and Citi Trends holding no renewal options, the property offers both stable in-place income and meaningful value-add potential. Recent capital improvements, including a newer roof and updated HVAC, further enhance the investment’s durability.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
With an attractive basis of $65.08 PSF, below-market rents averaging $5.17 PSF, and Citi Trends holding no renewal options, the property offers both stable in-place income and meaningful value-add potential. Recent capital improvements, including a newer roof and updated HVAC, further enhance the investment’s durability.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
48,000 SF
Building Class
C
Year Built
1969
Price
$3,123,973
Price Per SF
$65.08
Cap Rate
7.50%
NOI
$234,298
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
4.34 AC
Zoning
C
Parking
103 Spaces (2.15 Spaces per 1,000 SF Leased)
Frontage
446’ on South Timberland Drive
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Citi Trends
- Retailer
- 16,000 SF
- $5.00
- Triple Net
- Jun 2027
- Ollie's Bargain Outlet
- Retailer
- 32,000 SF
- $5.25
- Triple Net
- Jan 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Citi Trends | Retailer | 16,000 SF | $5.00 | Triple Net | Jun 2027 | |
| Ollie's Bargain Outlet | Retailer | 32,000 SF | $5.25 | Triple Net | Jan 2028 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 20729 | Improvements Assessment | $1,198,500 |
| Land Assessment | $642,780 | Total Assessment | $1,841,280 |
Property Taxes
Parcel Number
20729
Land Assessment
$642,780
Improvements Assessment
$1,198,500
Total Assessment
$1,841,280
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Lufkin Retail Center - Lufkin, TX | 809 S Timberland Dr
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