809 S Timberland Dr
Lufkin, TX 75901
Retail Property For Sale

Big Lots & Citi Trends | Rec. Ext. Corp Net Leases SRS National Net Lease Group is pleased to present the rare opportunity to acquire Big Lots and Citi Trends, a 48,000 SF, 100% occupied, two-tenant neighborhood center located in Lufkin, Texas. Big Lots Stores, Inc. has 5.5 years remaining in their current lease term with 3 (5-year) options while Citi Trends, Inc. has just under 5 years remaining with 1 (5-year) option. Additionally, both BIg Lots and Citi Trends recently exercised a 5-year option, demonstrating their commitment to the site. Both tenants are under NNN leases, limiting expense leakage for a new investor. The subject property is located near the signalized, hard corner intersection of E. Denman Avenue and S. Timberland Drive (23,300 combined cars per day). Nearby national/credit retailers include HEB, Walgreens, CVS Pharmacy, Fallas, Family Dollar, and more, which increases consumer draw for the subject trade area. In addition, the demographics in the surrounding area are ideal for Big Lots and Citi Trends, businesses that target low to middle income consumers. The site serves a population of over 50,000 with an average household income of $59,000 within a 5-mile radius.