Lufkin Plaza

Price: $1,270,000
Sq. Ft.: 5,943
Cap Rate: 7.44%
Built: 2001

Lufkin Plaza is a 5,943-square foot, multi-tenant retail center in Lufkin, Texas. The center is 100 percent occupied, and 81 percent of the gross leasable area is leased to credit tenants. Tenants include T-Mobile, OneMain Financial, GameStop, and Xaun Hill. All leases except for Xaun Hill, are triple-net, providing upside potential in the future by converting the lease. Constructed in 2001, the building sits on 0.667 acres.

The subject property is located in the prime retail trade area of the city on South Medford Drive (Loop 287) near the intersection with US 59, with traffic counts of approximately 50,000 vehicles per day on South Medford. The property is shadow anchored by Target and in line with Office Depot. Lufkin Mall is directly across the street, anchored by Sears, JCPenney, Stage, TJ Maxx, and AMC Classic Theatre. Numerous other national retailers are in the surrounding area including The Home Depot, Lowe’s Home Improvement, Best Buy, Cinemark, Ross Dress for Less, Bed Bath & Beyond, Old Navy, PetSmart, Conn’s HomePlus, Harbor Freight Tools, Rent-A-Center, Ashley HomeStore, Red Lobster, Chili’s Grill & Bar, Logan’s Roadhouse, IHOP, Olive Garden, Buffalo Wild Wings, and many more. More than 45,700 residents live within five miles of the property, with an average household income of approximately $58,000.

  • 100 Percent Occupied Multi-Tenant Retail Strip | Shadow Anchored by Target
  • 81 Percent of the Gross Leasable Area Has Credit Tenants
  • 81 Percent of the Leases are Triple-Net | Upside Potential in Converting the Remaining Lease to Triple-Net
  • In Line with Office Depot
  • High Traffic Location on South Medford Drive (Loop 287) | Traffic Counts Exceed 50,000 VPD
  • Located in the Prime Retail Trade Area of the City | Across from Lufkin Mall Anchored by Sears, JCPenney, Stage, TJ Maxx and AMC Classic Theatre
  • Numerous National Retailers in the Surrounding Area Including The Home Depot, Lowe’s, Best Buy, Conn’s HomePlus, TJ Maxx, Ashley HomeStore, and More
  • Lufkin is the Retail and Medical Hub of a 12-County Region | Estimated Labor Force of 145,000