New Retail Investment
For Sale
$2,413,154
2970 West Roundbunch Road, Orange, TX 77630
12,480 SF Retail Building in Orange, TX 77630
Property Size12,480 SF
Lot Size3.00 Acres
Price / SF$193.36
Days on Market577
Property Features for 2970 West Roundbunch Road
General Information
Standard status
Active
Property type
Restaurants, Other retail properties, Individual retail properties, Retail properties & Spaces
Size
12,480 SF
Net Rentable
12,480 SF
Class
B
Elevators
N/A
Lot size
3.00 Acres
Net Operating Income
$156,855
Building Details
Year Built
2024
Buildings
1
Stories
1
Listing Agency:
(619) 218-6427
Listed By:
John
(619) 218-6427
Added: Jan 22, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This property is a newly constructed, 12,480-square-foot Dollar General Market situated on a 3-acre lot at 2970 West Roundbunch Road, Orange, Texas, 77630. Constructed in 2024, the building offers visibility and accessibility at the corner of West Roundbunch Road and Turner Road, two thoroughfares with combined daily traffic exceeding 15,000 vehicles. A new 15-year absolute NNN lease is in place. The lease includes 5% rental increases every five years, during the primary term and the five subsequent five-year option periods. The lease is corporately guaranteed by Dollar General (NYSE: DG), with a Standard & Poor's rating of BBB. The property benefits from demographics, with an average household income exceeding $133,998 within a 5-mile radius and projected growth of 2.10% over the next five years. Its location is 1.5 miles from a new Entergy Texas Sabine Power Plant, expected to generate over $1.8 billion in activity and create more than 7,000 jobs. The property is located within close proximity to Bridge City, Orange, Port Arthur, and Beaumont, Texas.
Key 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)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$161,039
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,220,780
$3.2M
Cap Rate 7%
$2,300,557
$2.3M
Cap Rate 9%
$1,789,322
$1.8M
Market Conditions
NOI Build-Up for 12,480 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$232.1K $18.60/SF
− Vacancy
−$17.4K −$1.40/SF
EGI
$214.7K $17.21/SF
− OpEx
−$53.7K −$4.30/SF
NOI
$161.0K $12.90/SF
Area
Orange County, TX
Vacancy
7.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,220,780
Cap Rate 7%
$2,300,557
Cap Rate 9%
$1,789,322
Alternative Uses
Best Use
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $161,039 @ 7.0% cap · market cap 6.67%
Second Best
Retail
$1.99M
$1.74M – $2.32M
NOI $139,086 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$2.95M
$2.58M – $3.44M
NOI $206,309 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77630, TX
29,317
Population
13,127
Households
2.2
Avg Household Size
39
Median Age
16%
College-Educated
90%
High-School Grad
95.8 sq mi
ZIP Area
306
Density / Sq Mi
$63,588
Median Household Income
$37,307
Median Earnings
$1,033
Median Rent
$163,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - 12,480 SF Retail Building in Orange, TX 77630
Where is this restaurant located?
The property is located at 2970 West Roundbunch Road Orange, TX.
What is the asking price?
The asking price for this property is $2,413,154.
What are key features of this property?
This property features: 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)
