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Southern Colony, Lufkin, TX

Southern Colony

Price $3,473,000
Cap Rate 7.25% return
NOI $251,795
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2016
Building Size 10,150 SF
Lot Size 1.04 acres (45,302 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

KC Patterson
Associate
925.627.2884
kc.patterson@cushwake.com
CA RE License #02034317

Investment Highlights

100% LEASED MULTI-TENANT RETAIL CENTER
» Strong mix of service-oriented, “Amazon-proof” tenants
» Scheduled rental increases, providing a hedge against inflation
» Long-term leases for all tenants
» Multi-tenant property allows for investment diversification

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Close to the signalized intersection of Brentwood Drive and Whitehouse Drive
» Just off of U.S. Highway 59, which has a high traffic count of 38,248 vehicles per day
» Less than a mile south of the interchange between U.S. Highway 59 and Loop 287, which experiences a high traffic volume of 88,248 vehicles per day
» Prominent location in the heart of Lufkin’s primary retail corridor
» Outparcel to a large shopping center anchored by Academy Sports + Outdoors and Burlington
» Near Lufkin Mall, a major retail destination for a 12-county primary trade area in East Texas

NEAR MAJOR SCHOOLS AND EMPLOYERS
» Within walking distance of Angelina College, one of the state’s fastest growing community colleges, with an enrollment of nearly 5,300 students
» Minutes from some of the largest employers in the region, including Pilgrim’s Pride (1,300 employees) and the 271-bed CHI St. Luke’s Health-Memorial Lufkin (1,075 employees)

NEW CONSTRUCTION
» High-quality 2016 construction
» 62 parking stalls in parcel, plus ample cross-access parking throughout shopping center



Property Description

The property is conveniently located just off of U.S. Highway 59, which has a high traffic count of 38,248 vehicles per day. The property is less than a mile south of the interchange between U.S. Highway 59 and Loop 287, which experiences a high traffic volume of 88,248 vehicles per day. Located in a dense retail corridor, the property is outparcel to a large shopping center anchored by Academy Sports + Outdoors and Burlington. The property is surrounded by several other large shopping centers and major retailers, including Lufkin Mall, a major retail destination for a 12-county primary trade area in East Texas. Lufkin Mall features over 60 retailers, including JCPenney, AMC Theatres, T.J. Maxx, Hibbett Sports, and Chick-fil-A. Other nationally recognized tenants in the nearby area include Home Depot, Sam’s Club, Best Buy, Cinemark, Target, Hobby Lobby, Walmart Supercenter, Harbor Freight Tools, and Ulta, amongst many others.

The property is centrally located near large schools and major employers. Angelina College, one of the state’s fastest growing community colleges, is located within walking distance of the property. Angelina College has an enrollment of 5,927 students and employs more than 300 instructors. The property is also minutes from some of the largest employers in the region, including Pilgrim’s Pride (1,300 employees) and the 271- bed CHI St. Luke’s Health-Memorial Lufkin (1,075 employees).

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