2970 Roundbunch Road - Storefront FOR SALE


Orange, TX 77630
$2,413,154 USD
619-218-6427
2970 Roundbunch Road, Orange, TX for Sale
$2,413,154 USD
Storefront - FOR SALE
1/2
null | 6.5% Cap Rate

2970 Roundbunch Road
Orange, TX 77630


HIGHLIGHTS

  • Brand New 2024 High-Quality Construction
  • New 15-Year Absolute NNN Lease w/ Rare 5% Rent Increases Every 5-Years in Primary Term & Options (Zero LL Responsibilities)
  • Dollar General (NYSE: DG) Corporate Guarantee (Investment Grade Credit - S&P Rated BBB)
  • Excellent Visibility & Access on West Roundbunch Road & Turner Road with Traffic Counts Exceeding 15,000 Vehicles Per Day
  • Average Household Income Exceeds $133,000 (5-Mile Radius)
  • Located Only 1.5 Miles to a New Construction Energy Texas Sabine Power Plant (Which Will Provide Over $1.8B in Economic Activity)

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.

FOR SALE DETAILS

PRICE

$2,413,154 USD

PRICE/SF

$227 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General Market - New 15-Yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3 AC

LAND SF

130,680 SF

ZONING

-

APN/PARCEL ID

000243-000215

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

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John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.