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Gas Station & C-Store - 20-Year Absolute NNN 1555 N 16th St 4,000 SF Retail Building Orange, TX 77630 $3,545,516 CAD ($886.38 CAD/SF) 8.50% Cap Rate
Investment Highlights
- 20-year Absolute NNN Lease with 10% increases every 5 years
- Located on Primary retail corridor connecting directly to Interstate 10
- Viper Fuels: experienced 9-unit operator with multiple locations across Texas
- 1 mile south of Interstate 10, one of the busiest highways in the USA
- In-built cross-border demand due to proximity to the Texas–Louisiana state line
Executive Summary
Investment Highlights
•20-year Absolute NNN Lease with 10% increases every 5 years
•Directly across the street from Kroger
•1 mile south of Interstate 10, one of the busiest highways in the USA
•Strong location along N 16th St, a primary retail corridor in Orange
•Strong underlying real estate fundamentals within an established commercial node
Market Highlights
•Located on Primary retail corridor connecting directly to Interstate 10
•5 minutes from Home Depot and Walmart Supercenter
•In-built cross-border demand due to proximity to the Texas–Louisiana state line
•Supported by a stable, blue-collar workforce tied to petrochemical industry, including Dow + Chevron Phillips Chemical companies.
•Proximity to major petrochemical, refining, manufacturing, and port-related employment hubs
Tenant Highlights
•Viper Fuels: experienced 9-unit operator with multiple locations across Texas
•20-year Absolute NNN Lease with 10% increases every 5 years
•Directly across the street from Kroger
•1 mile south of Interstate 10, one of the busiest highways in the USA
•Strong location along N 16th St, a primary retail corridor in Orange
•Strong underlying real estate fundamentals within an established commercial node
Market Highlights
•Located on Primary retail corridor connecting directly to Interstate 10
•5 minutes from Home Depot and Walmart Supercenter
•In-built cross-border demand due to proximity to the Texas–Louisiana state line
•Supported by a stable, blue-collar workforce tied to petrochemical industry, including Dow + Chevron Phillips Chemical companies.
•Proximity to major petrochemical, refining, manufacturing, and port-related employment hubs
Tenant Highlights
•Viper Fuels: experienced 9-unit operator with multiple locations across Texas
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Service Station
Building Size
4,000 SF
Building Class
C
Year Built
2006
Price
$3,545,516 CAD
Price Per SF
$886.38 CAD
Cap Rate
8.50%
NOI
$301,369 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.04 AC
Opportunity Zone
Yes
Frontage
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 011945-010200 | Improvements Assessment | $606,025 CAD |
| Land Assessment | $191,193 CAD | Total Assessment | $797,219 CAD |
Property Taxes
Parcel Number
011945-010200
Land Assessment
$191,193 CAD
Improvements Assessment
$606,025 CAD
Total Assessment
$797,219 CAD
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Gas Station & C-Store - 20-Year Absolute NNN | 1555 N 16th St
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