4505 South Medford Drive, Lufkin, TX, 75901, US

Southloop Crossing

Asset Description

Jones Lang LaSalle is pleased to exclusively offer investors the opportunity to acquire Southloop Crossing, a 110,638 square foot, 100% leased, power center located in the primary retail corridor of Lufkin, TX. Located on the southeast corner of SH-287 & I-59, Southloop Crossing attracts 17.6M vehicles/year and is well positioned to capture heavy traffic between travelers on I-59 and cross shoppers from the Lufkin Mall. Southloop Crossing is being offered as part of the Southwest Retail Portfolio and can be purchased separately.

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Attributes

Building area net

10,279 m²

Occupancy

100%

Year built

2004

WALT

5.5 years

Media

Investment Highlights

Dominant Retail Node - Positioned on the southeast corner of SH-287 and I-59, across from the Lufkin Mall, Southloop Crossing is located within Lufkin’s primary retail corridor which totals over 1.4M SF of retail. With a historical 10-year average vacancy of 5.2%, Lufkin is proven MSA with high tenant retention.
Valued National / Credit Tenancy - 89% of the rent roll are national / credit retailers.
Recent Leasing Momentum - 33% of Southloop Crossing's rent roll represents leases signed within the past 3 years.