2606 Us Highway 69 Lufkin, TX 75904
NNN leased retail property with highway frontage and income potential.
Property size:
10,640 SFLot size:
2.12 AcresProperty Features for 2606 Us Highway 69
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Lot size
- 2.12 Acres
Building Details
- Year built
- 2018
Source:
Crexi
Listing Agency: NNN Retail Advisors Listing Agent: Gavin M Kam
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Highway Frontage Retail Investment Property
This retail property, constructed in 2018, is located with frontage on Highway 69, which experiences a traffic volume of 18,000 vehicles per day. The surrounding area within a 3-mile radius has a population of 11,400. The property is subject to an original 15-year absolute NNN lease, with approximately 7.4 years remaining on the primary term. The lease includes 10% rent increases every 5 years in the option periods. Situated in the growing Texas market of Lufkin, the property benefits from the state's absence of income tax. Lufkin, with a population of 34,000, is located 90 miles north of Houston and serves as a dominant economic hub with a trade area that draws from multiple surrounding rural counties, totaling approximately 150,000 people. The local economy is supported by manufacturing in oilfield equipment and industrial machinery, as well as growth in healthcare, education, and food production. Highway 69 connects the northern Houston suburbs to Interstate 20, Tyler, and Longview, Texas. The property comprises 10,640 square feet and is positioned in a location that supports continued economic activity and investment.
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Lufkin
- County
- Angelina
- State
- Texas
- Longitude
- -94.76124
- Latitude
- 31.37499
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FAQs
What type of property is this?
NNN property - NNN leased retail property with highway frontage and income potential.
Where is this nnn property located?
The property is located at 2606 Us Highway 69 Lufkin, TX.
What are key features of this property?
This property features: - Original 15-year absolute NNN lease with 7.4 years remaining.; - Below market rent in a growing Texas market (no state income tax).; - 10% rent increases every 5 years in options.
