1555 N 16th St - Service Station FOR SALE


Orange, TX 77630- East Orange
$2,600,000 USD
310-850-3124
1555 N 16th St, Orange, TX for Sale
$2,600,000 USD
Service Station - FOR SALE
1/7
null | 8.5% Cap Rate

1555 N 16th St
Orange, TX 77630
East Orange


HIGHLIGHTS

  • 20-year Absolute NNN Lease with 10% increases every 5 years
  • 1 mile south of Interstate 10, one of the busiest highways in the USA
  • Located on Primary retail corridor connecting directly to Interstate 10
  • In-built cross-border demand due to proximity to the Texas–Louisiana state line
  • Viper Fuels: experienced 10-unit operator with multiple locations across Texas

OVERVIEW

Century Partners is pleased to present the opportunity to acquire a net leased gas station / c-store investment located in Orange, Texas. This seasoned site is offered as a sale-leaseback with a 20-year absolute NNN lease featuring 10% rent increases every 5 years. The seasoned, Valero-branded site has proven its location out for over 20 years since its original construction. The corridor connects directly to Interstate 10, supported by a significant retail presence and nearby Orange County airport. The property is operated by Viper fuels, an experienced operator with 10 locations across the state of Texas. Investment Highlights 20-year Absolute NNN Lease with 10% increases every 5 years Positioned within infill out corridor of convenience retail and service-oriented businesses Consistent fuel and convenience demand driven by necessity-based consumer behavior 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 10-unit operator with multiple locations across Texas 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 10-unit operator with multiple locations across Texas

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$650 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gas Station & C-Store - 20-Year Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

-

APN/PARCEL ID

011945-010200

ASK ABOUT THIS PROPERTY

Joshua BergerCentury Partners Real Estate Inc.More Info
310-850-3124

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Joshua BergerCentury Partners Real Estate Inc.More Info
310-850-3124

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