2970 Roundbunch Rd, Orange, TX 77630
10,640 SF | 100% Leased | Retail Building | Orange, TX 77630 | $2,413,154 ($227/SF) | 6.50% Cap Rate
For Sale
Active
Asking Price $2,413,154
- Property Type
-
Retail
- Square Feet
- 10,640 SF
- Price / Square Foot
- $227
Listing Contacts
- Property Info
Property Overview
The subject property is a newly constructed freestanding Dollar General Market located in Orange (Beaumont-Port Arthur MSA), TX. The new 15-year absolute NNN lease includes rare 5% rental increases every 5-years in the primary lease term and in the (5) five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), an investment grade credit tenant, rated BBB by Standard & Poor's.
This location benefits from its excellent visibility and frontage on the hard corner of West Roundbunch Road and Turner Road, major thoroughfares through Orange, TX, which combined boasts over 15,000 vehicles per day. The 5-mile average household income exceeds $133,998 with an expected growth of 2.10% over the next 5 years. This Dollar General is located only 1.5 miles to a new construction Entergy Texas Sabine Power Plant, which will provide over $1.8B in economic activity and create over 7,000 jobs to the county. This site is 3 miles to downtown Bridge City, TX, 10 miles from downtown Orange, TX, 14 miles from downtown Port Arthur, TX, and only 23 miles from downtown Beaumont, TX. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.
This location benefits from its excellent visibility and frontage on the hard corner of West Roundbunch Road and Turner Road, major thoroughfares through Orange, TX, which combined boasts over 15,000 vehicles per day. The 5-mile average household income exceeds $133,998 with an expected growth of 2.10% over the next 5 years. This Dollar General is located only 1.5 miles to a new construction Entergy Texas Sabine Power Plant, which will provide over $1.8B in economic activity and create over 7,000 jobs to the county. This site is 3 miles to downtown Bridge City, TX, 10 miles from downtown Orange, TX, 14 miles from downtown Port Arthur, TX, and only 23 miles from downtown Beaumont, TX. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Storefront, Grocery/Convenience Store, Storefront Retail/Office
- Lot Size (sq. ft)
- 130,680 SF
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