809 South Timberland Dr · Lufkin, TX 75901 · Dollar / Discount
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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.
Sands Investment Group is pleased to exclusively offer for sale the 48,000 SF Lufkin Retail Center 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.
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Asking-market observation aggregated from public listing sources, last observed Sep 11, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.