4206 S Medford Dr - Storefront Retail/Office FOR SALE


Lufkin, TX 75901
$1,545,000 USD
817-889-1829
4206 S Medford Dr, Lufkin, TX for Sale
$1,545,000 USD
Storefront Retail/Office - FOR SALE
1/14
null | 7.52% Cap Rate

4206 S Medford Dr
Lufkin, TX 75901


HIGHLIGHTS

  • National Tenant Mix – 53% Credit Tenants
  • 13.75-Year Average Tenure
  • Below-Market Rent – 27.67% Embedded Growth
  • No Fixed Renewal Options
  • Shadow Anchored – Target & Office Depot
  • Attractive Basis – Sub-$2 Million Price Point

OVERVIEW

Colonial Commercial Real Estate, LLC is pleased to present on an exclusive basis, the opportunity to acquire Lufkin Plaza (the “Property”), a 5,943 square foot shopping center located in Lufkin, Texas. Built in 2001 on 0.67 acres, the Property is 100% occupied by a stable mix of four tenants: GameStop, OneMain Financial, Royale Nail Spa, and Smoke N’ More. The tenancy is comprised of 53% national credit tenants with an impressive average lease tenure of 13.75 years, underscoring the center’s long-term stability. The Property generates a Year 1 NOI of $116,245.92, reflecting a 7.52% capitalization rate, with additional upside to an 8.06% pro forma cap rate. Approximately 75% of tenants are paying rents that average 27.67% below market, offering immediate embedded rent growth potential. Additionally, no tenants hold fixed renewal options, giving investors flexibility to capture future market-driven rental increases. Strategically positioned along South Medford Drive (42,184 VPD), Lufkin’s dominant commercial corridor, the Property is shadow anchored by Target (NYSE: TGT) and Office Depot, sits adjacent to Lufkin Mall, and lies directly across from Home Depot. This highly visible location benefits from consistent consumer traffic, excellent neighborhood connectivity via Tulane Drive (7,850 VPD), and proximity to the city’s strongest retail trade drivers.

FOR SALE DETAILS

PRICE

$1,545,000 USD

PRICE/SF

$260 USD /SF

CAP RATE

7.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lufkin Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

LB SU

APN/PARCEL ID

81816

ASK ABOUT THIS PROPERTY

Benjamin BerkowitzColonial Commercial Real Estate, LLCMore Info
817-889-1829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Benjamin BerkowitzColonial Commercial Real Estate, LLCMore Info
817-889-1829

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.