809 S Timberland Dr - Storefront FOR SALE


Lufkin, TX 75901
$3,347,115 USD
809 S Timberland Dr, Lufkin, TX for Sale
$3,347,115 USD
Storefront - FOR SALE
1/5
null | 7% Cap Rate

809 S Timberland Dr
Lufkin, TX 75901


HIGHLIGHTS

  • Ollie's Bargain Outlet Assumed Former Big Lots' Lease and is Building New Store, Already Paying Rent
  • Great Basis at $69.73/SF
  • Excellent Visibility From S Timberland Drive
  • Highly Replaceable Rent at $5.17/SF
  • Roof Installed in 2018 With a 15-Year Warranty
  • HVAC Units Replaced For Citi Trends in 2024

OVERVIEW

Sands Investment Group is Pleased to Exclusively Offer For Sale the 48,000 SF Ollie's Bargain Outlet and Citi Trends Center in Lufkin, Texas. Ollie's Has Assumed the Former Big Lots Lease in This Location, Providing a Significant Upgrade to the Property. In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481

FOR SALE DETAILS

PRICE

$3,347,115 USD

PRICE/SF

$70 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ollie's Bargain Outlet and Citi Trends Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

103

LAND DETAILS

LAND ACRES

4.34 AC

LAND SF

189,050 SF

ZONING

C

APN/PARCEL ID

20729

ASK ABOUT THIS PROPERTY

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