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1809-1813 Tulane Dr
Lufkin, TX 75901
Retail Property For Sale


Investment Highlights
- Two-Tenant Retail Asset Located in a Dominant Retail Corridor Adjacent to Home Depot & Target
- Both Tenants Recently Renewed Demonstrating Long-Term Commitment to the Property
- National Tenants Aspen Dental & James Avery with 800+ & 290+ Locations, Respectively
- Corporate Leases with Aspen Dental & James Avery; Weighted Average Lease Expiration of 2031
- Established Aspen Dental Location with Strong Operating History at the Site
- Located Within Lufkin’s Primary Retail Corridor Featuring More than 2,000,000 SF of Retail GLA
Executive Summary
Aspen Dental & James Avery is a two-tenant retail asset located along the thriving Highway 59 retail corridor in Lufkin, Texas, directly across from Lufkin Mall and near the intersection of Highway 59 and Tulane Drive, which experience combined traffic counts exceeding 51,100 vehicles per day. Built in 2015 and shadow anchored by Home Depot, the Property features corporate leases with Aspen Dental Management, Inc. and James Avery. Both tenants have recently renewed, demonstrating their long-term commitment to the site, with a weighted average lease expiration of 2031.
The Property benefits from exceptional visibility, freeway access, and a prominent 85-foot pylon sign within one of Lufkin’s dominant retail trade areas containing more than 2,000,000 SF of retail and restaurant space within a one-mile radius. Surrounding national retailers include Target, Ross, Ulta Beauty, Best Buy, Chick-fil-A, AMC Theaters, PetSmart, and numerous others. Nearby retail destinations include Southloop Crossing, Lufkin Mall, and Angelina Village.
Aspen Dental & James Avery is also positioned near Lufkin’s leading medical providers, CHI St. Luke’s Health Memorial Lufkin and Woodland Heights Medical Center, as well as Angelina College. As the regional hub for a 12-county area in East Texas, Lufkin serves as a major center for healthcare, retail, education, and commerce. Overall, the Property offers investors a well-located retail asset with long-term corporate tenancy in a strong regional retail corridor.
The Property benefits from exceptional visibility, freeway access, and a prominent 85-foot pylon sign within one of Lufkin’s dominant retail trade areas containing more than 2,000,000 SF of retail and restaurant space within a one-mile radius. Surrounding national retailers include Target, Ross, Ulta Beauty, Best Buy, Chick-fil-A, AMC Theaters, PetSmart, and numerous others. Nearby retail destinations include Southloop Crossing, Lufkin Mall, and Angelina Village.
Aspen Dental & James Avery is also positioned near Lufkin’s leading medical providers, CHI St. Luke’s Health Memorial Lufkin and Woodland Heights Medical Center, as well as Angelina College. As the regional hub for a 12-county area in East Texas, Lufkin serves as a major center for healthcare, retail, education, and commerce. Overall, the Property offers investors a well-located retail asset with long-term corporate tenancy in a strong regional retail corridor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,160 SF
Year Built
2015
Price
$4,518,377 CAD
Price Per SF
$875.65 CAD
Cap Rate
6%
NOI
$271,103 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
0.99 AC
Zoning
RS
Parking
63 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
280’ on Tulane Drive
Property Taxes
| Parcel Number | 50270 | Improvements Assessment | $139,135 CAD |
| Land Assessment | $19,305 CAD | Total Assessment | $158,440 CAD |
Property Taxes
Parcel Number
50270
Land Assessment
$19,305 CAD
Improvements Assessment
$139,135 CAD
Total Assessment
$158,440 CAD
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