Southgate Shopping Center is a 91,938-square-foot grocery-anchored retail center situated on approximately 17.11 acres along South Street in Nacogdoches, Texas. The property is approximately 90 percent occupied and anchored by Brookshire Brothers, which occupies 35,000 square feet and has operated at the center since 1991. The tenant mix also includes Planet Fitness, Family Dollar, SpinXpress Laundry, the U.S. Army Corps of Engineers, and a collection of service-oriented and wireless tenants that generate recurring daily traffic.
The property offers multiple avenues for future value creation through the lease-up of 9,400 square feet of existing vacancy, below-market in-place rents, and an additional pad site adjacent to the Metro by T-Mobile building. The pad provides the potential for future retail development and an additional income stream, subject to applicable approvals. Together, the center’s grocery anchor, diversified tenant roster, embedded rental upside, and development potential create a compelling combination of current income and long-term value creation.
Southgate Shopping Center is prominently located along South Street, one of Nacogdoches’ primary commercial corridors, with strong visibility and convenient access to the surrounding trade area. The corridor carries approximately 13,572 vehicles per day and is supported by an extensive mix of national and regional retailers, restaurants, service providers, healthcare facilities, and major employers.
GROCERY-ANCHORED INVESTMENT OFFERED AT $90/SF
Brookshire Brothers has operated at Southgate since 1991 and occupies 35,000 square feet. The property is offered at approximately $90 per square foot, providing an attractive basis for an established grocery-anchored asset.
STRONG & DIVERSIFIED TENANT MIX
The tenant roster includes Planet Fitness, Family Dollar, SpinXpress Laundry, the U.S. Army Corps of Engineers, and multiple national wireless brands, providing a complementary mix of retail, service, fitness, and government uses.
SIGNIFICANT UPSIDE THROUGH LEASE-UP
Southgate is approximately 90 percent occupied with 9,400 square feet of available space across three suites, providing an opportunity to increase occupancy and generate additional rental income through future lease-up.
BELOW-MARKET RENTS CREATE EMBEDDED INCOME GROWTH
The center’s average base rent of approximately $8.40 per square foot is well below local asking rents ranging from $12.00 to $25.00 per square foot, providing meaningful mark-to-market potential.
ADDITIONAL PAD SITE PROVIDES FUTURE DEVELOPMENT POTENTIAL
An additional pad site adjacent to the Metro by T-Mobile building provides the opportunity for future retail development and an additional income stream, subject to applicable approvals.
STRATEGIC SOUTH STREET RETAIL LOCATION
Southgate is positioned along a primary Nacogdoches commercial corridor with approximately 13,572 vehicles per day and is near Stephen F. Austin State University, serving approximately 10,500 students.
LONG-TERM LEASES PROVIDE INCOME DURABILITY
Planet Fitness is leased through 2035, SpinXpress Laundry through 2036, and Family Dollar and the U.S. Army Corps of Engineers through 2030, providing longer-term income alongside the grocery anchor.
