Lufkin Retail Center – Lufkin, TX

809 S Timberland Dr, Lufkin, TX 75901, USA

Sands Investment Group is pleased to exclusively offer for sale the 48,000 SF Lufkin Retail Center NNN in Lufkin, Texas. The center is anchored by Ollie’s Bargain Outlet, which assumed the former Big Lots lease and opened in August 2025, reinforcing the strength of the location along S. Timberland Drive.

With an attractive basis of $65.08 PSF, below-market rents averaging $5.17 PSF, and Citi Trends holding no renewal options, the property offers both stable in-place income and meaningful value-add potential. Recent capital improvements, including a newer roof and updated HVAC, further enhance the investment’s durability.

  • Attractive Pricing: Offered at $3,123,973 ($65.08 PSF) at a 7.50% CAP Rate, providing a strong yield relative to replacement cost.
  • Newly Opened Ollie’s Bargain Outlet: Ollie’s assumed the former Big Lots lease and is now open, reinforcing the center’s long-term viability and tenant demand.
  • Value-Add Opportunity: Citi Trends has no renewal options, creating an opportunity for lease restructuring, re-tenanting, or rent increases.
  • Below-Market & Replaceable Rent: Current rents average $5.17 PSF, offering strong upside relative to market comparables.
  • High Visibility Location: Excellent frontage and exposure along S. Timberland Drive, one of Lufkin’s primary retail corridors.
  • Signalized Intersection Proximity: Located near the high-traffic intersection of E. Denman Avenue and S. Timberland Drive, driving consistent retail traffic.
  • Recent Capital Improvements: Roof replaced in 2018 with a 15-year warranty; HVAC units replaced for Citi Trends in 2024, minimizing near-term capital expenditure risk.

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

809 S Timberland Dr, Lufkin, TX 75901, USA

Ollie’s Bargain Outlet

Ollie’s Bargain Outlet is America’s largest retailer of closeout merchandise and excess inventory, operating stores nationwide. Offering real brands at real bargain prices across various departments—including housewares, sporting goods, flooring, and food—Ollie’s is known for sourcing closeouts, overstocks, package changes, manufacturer-refurbished goods, and irregulars. The company also collaborates with financial institutions to acquire liquidation inventories, converting them into value-driven deals for customers. As of January 2025, Ollie’s has 558 stores. For over 40 years, Ollie’s Bargain Outlet has been bringing the thrill of bargain hunting to customers nationwide. With an ever-changing selection, shoppers never know what they’ll find—but they can always count on it being Good Stuff Cheap!

Citi Trends

Citi Trends, Inc. is an American retail clothing chain selling discounted products targeted primarily at African-American customers. For over 75 years, Citi Trends has been dedicated to bringing fresh and fashionable merchandise to our customers and the communities we serve. Our product offering includes the hottest brands and latest trends of clothing, shoes, accessories, home décor and so much more, making us a convenient one-stop shop for the entire family from infants to adults. We are passionate about delivering quality products at prices up to 50% less than other stores. Drop into a Citi Trends near you to browse the latest apparel, accessories, and home trends, for way less spend! Founded in 1946 and headquartered in Savannah, GA the company operates over 600+ stores in 33 states

Price

$3,123,973

Cap Rate

7.50%

PREMISES

48,000 SF

YEAR BUILT

1969

RENEWAL OPTIONS

Varies

Lease Expiration

Varies

Lease Type

NNN

RENTAL INCREASES

Varies

BROKERS

Cayson Willeford
Austin

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