Investment Offering
Lufkin, TX - Gas N Go
401 N Timberland Drive | Lufkin, TX 75901
$2,400,000
Price6.5%
Cap Rate$156,000
NOI3,132
± SF Offering GLA0.89
± AC Land AreaDescription
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an asbolute NNN leased, Gas ‘N Go, c-store and fuel station investment property located in Lufkin, Texas. The tenant, Timberland Business LLC, will execute a brand new 15-year lease at the close of escrow with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features attractive 6% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it
an ideal, no-management investment opportunity for a passive investor. This property has seen explosive growth in c-store sales as a result of the recent renovation making it a very profitable and long-term location for the operator. Furthermore, an investor benefits from owning property in Texas with no state income tax. This property does not qualify for accelerated depreciation.
Location
The subject property is strategically located near the signalized, hard corner intersection of N Timberland Drive and Paul Avenue, averaging more than 26,400 combined vehicles passing by daily. The property features a Gas ‘N Go branded convenience store with an 8-pump gas station that is ideally situated across from Towne Square Shopping Center, increasing consumer traffic to the nearby trade area. Located within a dense retail corridor, the site is within close proximity to a variety of strong, quality tenants including Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Sam’s Club, Big Lots, H-E-B, Walgreens, CVS Pharmacy, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. The 5-mile trade area is supported by more than 49,000 residents and 32,000 daytime employees with an average household income of $64,000.
Documents & Links
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 Offering Memorandum |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215