List with SIG
Tap into the expertise of brokers who specialize in your property type.
Get In TouchOllie’s Bargain Outlet and Citi Trends Center | Lufkin, TX
Citi Trends, Ollie's Bargain Outlet
809 South Timberland Drive, Lufkin, TX 75901, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 48,000 SF Ollie’s Bargain Outlet and Citi Trends Center NNN in Lufkin, Texas. Ollie’s Has Assumed the Former Big Lots Lease in This Location, Providing a Significant Upgrade to the Property
- Ollie’s Bargain Outlet Assumed Former Big Lots’ Lease and Will Be Occupying Soon
- 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
- Immediate Proximity to the Intersection of E Denman Avenue and S Timberland Drive
In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481
Citi Trends, Ollie's Bargain Outlet
809 South Timberland Drive, 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
CitiTrends, 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
Similar Listings
Price
$3,347,115
Cap Rate
7.00%
PREMISES
48,000 SF
RENEWAL OPTIONS
Varies
Lease Expiration
Varies
Lease Type
NNN
BROKERS
Get Property Updates in Your Inbox
Subscribe to the SIG newsletter to access properties before they come to market.
To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
By filling in your information and submitting this form, you are accepting the terms of this agreement.