817-670-8741
4600 S Medford Dr, Lufkin, TX for Sale
Retail - FOR SALE
1/8
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4600 S Medford Dr
Lufkin, TX 75901


HIGHLIGHTS

  • Invest in an occupied retail destination with strategic positioning at the high-traffic intersection of Loop 287 and US Hwy 59, with 65.8K VPD.
  • Benefits from strong co-tenancy and increased consumer traffic alongside national retailers, including JCPenney, T.J. Maxx, Boot Barn, and AMC Theatre
  • Deeply loyal, local customer base, with 43% of visits originating from 2 primary Lufkin ZIP codes, & an impressive avg visitor dwell time of 79 mins.
  • Attracts affluent shoppers from a visitor base with an average household income of $95,672, & over 30% of households earn more than $100,000 annually.
  • Offers excess land that can be carved out to sell additional out-parcels - please note, Boot Barn building and parcel are not included in the offering
  • Doubles as a covered land play with the future potential of redevelopment.

OVERVIEW

Lufkin Mall, 4600 S Medford Drive, is a highly visible, major retail destination for a 12-county primary trade area in East Texas, anchored by T.J. Maxx, JCPenney, AMC Theater, and Boot Barn. Embedded in a bustling retail corridor adjacent to national brands such as Target and Old Navy, Lufkin Mall benefits from strong cross-shopping and heightened visibility. Currently approximately 50% leased, the property provides immediate in-place income with additional upside through continued lease-up, while also offering multiple avenues for value growth, including the potential sale of the Texas Roadhouse single-tenant pad site and the ability to carve out and sell excess land for additional outparcels. The opportunity to contest property taxes may further reduce operating expenses and improve net operating income. The mall is strategically located with direct access from Loop 287 and US Highway 59, gaining exposure to an exceptional combined traffic count of 65,813 vehicles per day (VPD). In addition, multiple prominent pylon signs are drawing in consumers, including signage with freeway visibility from Loop 287. Lufkin Mall is easily accessible for visitors, located at a signalized intersection on a corner lot with multiple points of ingress and egress, and an abundance of on-site parking. A deeply loyal consumer base with consistent high-spending activity provides immense support for retailers, with 43% of visits originating from 2 primary Lufkin ZIP codes: 75901 and 75904. Within this vicinity, over 30% of households earn more than $100,000 and spend upwards of $712.7 million annually. Lufkin Mall is a premier opportunity for investors seeking an immediate return with an established consumer foundation and prime value-add or possible redevelopment potential.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lufkin Mall

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

1910

LAND DETAILS

LAND ACRES

33.61 AC

LAND SF

1,464,052 SF

ZONING

C SU

APN/PARCEL ID

96821

ASK ABOUT THIS PROPERTY

Matt KnaggSVN | J. Beard Real Estate - Greater HoustonMore Info
817-670-8741

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Matt KnaggSVN | J. Beard Real Estate - Greater HoustonMore Info
817-670-8741

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