Grocery-Anchored Shopping
New
For Sale
$8,229,375
1005 South St, Nacogdoches, TX 75964
Established retail center with a grocery anchor, diversified tenancy, and an additional pad site for future development.
Property Size91,938 SF
Lot Size17.11 Acres
Price / SF$89.51
Days on Market2
Property Features for 1005 South St
General Information
Standard status
Active
Size
91,938 SF
Lot size
17.11 Acres
Property subtype
Shopping Strip
Occupancy
90%
Site & Location
Anchor Co-Tenants
Brookshire Brothers
Traffic Count
13,572 vehicles/day
Additional Details
Cap Rate
7.69%
Amenities
GROCERY-ANCHORED INVESTMENT OFFERED AT $90/SF
STRONG & DIVERSIFIED TENANT MIX
SIGNIFICANT UPSIDE THROUGH LEASE-UP
BELOW-MARKET RENTS CREATE EMBEDDED INCOME GROWTH
ADDITIONAL PAD SITE PROVIDES FUTURE DEVELOPMENT POTENTIAL
STRATEGIC SOUTH STREET RETAIL LOCATION
LONG-TERM LEASES PROVIDE INCOME DURABILITY
Building Details
Building Size
91,938 SF
Year Built
1975
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Austin
Listed By:
Coleman Solomon · License #License(s): TX: 742798
(512) 338-7821
Source:
Marcusmillichap
Added: Sep 18
Last Checked: Sep 18 at 3:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
Southgate Shopping Center is a 91,938-square-foot retail center on approximately 17.11 acres, built in 1975. The property is approximately 90 percent occupied and includes a 35,000-square-foot Brookshire Brothers grocery store, along with Planet Fitness, Family Dollar, SpinXpress Laundry, the U.S. Army Corps of Engineers, and service-oriented and wireless tenants. Approximately 9,400 square feet remains available within the center.
The property occupies a position along South Street, a primary commercial corridor carrying approximately 13,572 vehicles per day. The center is approximately two miles from Stephen F. Austin State University, which has approximately 10,500 students and more than 1,400 employees. Within five miles, the surrounding population is approximately 39,248 residents. An additional pad site next to the Metro by T-Mobile building provides potential for future retail development and additional income, subject to applicable approvals.
The property occupies a position along South Street, a primary commercial corridor carrying approximately 13,572 vehicles per day. The center is approximately two miles from Stephen F. Austin State University, which has approximately 10,500 students and more than 1,400 employees. Within five miles, the surrounding population is approximately 39,248 residents. An additional pad site next to the Metro by T-Mobile building provides potential for future retail development and additional income, subject to applicable approvals.
Key Highlights
- 91,938‑square‑foot shopping center on approximately 17.11 acres
- 35,000‑square‑foot Brookshire Brothers grocery anchor operating at the center since 1991
- Approximately 90 percent occupied with 9,400 square feet of existing vacancy
Property Analytics
Current Use
Lease Details
13,572 VPD
Traffic count
90%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 44%
Shops & Services 30%
Dining 20%
Electronics 6%
Brookshire Brothers
Groceries
11,879 visits/mo
0.1 miles
Family Dollar
Shops & Services
5,562 visits/mo
0.1 miles
Pizza Hut
Dining
5,397 visits/mo
0.4 miles
Tobacco Barn
Shops & Services
1,600 visits/mo
0.1 miles
Cricket Wireless Authorized Retailer
Electronics
1,005 visits/mo
0.1 miles
Demographics for 75964, TX
19,986
Population
8,314
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
75%
High-School Grad
222.5 sq mi
ZIP Area
90
Density / Sq Mi
$55,056
Median Household Income
$31,156
Median Earnings
$916
Median Rent
$114,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Established retail center with a grocery anchor, diversified tenancy, and an additional pad site for future development.
Where is this shopping center located?
The property is located at 1005 South St Nacogdoches, TX.
What is the asking price?
The asking price for this property is $8,229,375.
What are key features of this property?
This property features: 91,938‑square‑foot shopping center on approximately 17.11 acres; 35,000‑square‑foot Brookshire Brothers grocery anchor operating at the center since 1991; Approximately 90 percent occupied with 9,400 square feet of existing vacancy
