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2606 US Highway 69 N
Lufkin, TX 75904
Retail Property For Sale
Investment Highlights
- Built in 2018, Original 15 year absolute NNN Lease, 10% rent increases every 5 years in options, 7.4 Years Remaining on primary term
- Strategically located on north Highway 69, which connects the northern Houston suburbs north to Interstate 20, and Tyler and Longview, Texas
- 10,640 SF larger prototype Dollar General "Plus"
- Lufkin (Population: 34,000 people), located 90 miles north of the Houston, Texas metropolitan area
- Below market rent in growing Texas market (No state income tax in Texas)
Executive Summary
Built in 2018, Original 15 year absolute NNN Lease, 10% rent increases every 5 years in options, 7.4 Years Remaining on primary term, Below market rent in growing Texas market (No state income tax in Texas)
Strategically located on north Highway 69, which connects the northern Houston suburbs north to Interstate 20, and Tyler and Longview, Texas
Lufkin (Population: 34,000 people), located 90 miles north of the Houston, Texas metropolitan area, has an economy that blends manufacturing, healthcare, education, and retail. Lufkin is the dominant economic hub trade area tat pulls from multiple surrounding rural counties beyond the official MSA population, closer to 150,000 people when you include adjacent counties
Lufkin has a manufacturing base in oilfield equipment and industrial machinery. The economy is augmented by growth in healthcare, education, and food production. The city’s business climate, infrastructure, and regional workforce support continued economic activity and investment.
Strategically located on north Highway 69, which connects the northern Houston suburbs north to Interstate 20, and Tyler and Longview, Texas
Lufkin (Population: 34,000 people), located 90 miles north of the Houston, Texas metropolitan area, has an economy that blends manufacturing, healthcare, education, and retail. Lufkin is the dominant economic hub trade area tat pulls from multiple surrounding rural counties beyond the official MSA population, closer to 150,000 people when you include adjacent counties
Lufkin has a manufacturing base in oilfield equipment and industrial machinery. The economy is augmented by growth in healthcare, education, and food production. The city’s business climate, infrastructure, and regional workforce support continued economic activity and investment.
Property Facts Under Contract
Sale Type
Investment NNN
Property Type
Retail
Building Size
10,640 SF
Building Class
B
Year Built
2018
Price
$2,034,365 CAD
Price Per SF
$191.20 CAD
Cap Rate
7%
NOI
$142,410 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
2.12 AC
Opportunity Zone
Yes
Property Taxes
| Parcel Number | 139233 | Improvements Assessment | $1,255,982 CAD |
| Land Assessment | $89,159 CAD | Total Assessment | $1,345,141 CAD |
Property Taxes
Parcel Number
139233
Land Assessment
$89,159 CAD
Improvements Assessment
$1,255,982 CAD
Total Assessment
$1,345,141 CAD
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