1918 Strickland Dr, Orange, TX 77630
NNN leased Pinnacle Oil & Gas in Orange, TX for sale.
- Added:
- Mar 19, 2026
- Days on Market:
- 101
- Last Refresh:
- Mar 20 at 8:44 pm
Property Features for 1918 Strickland Dr
General Information
- Standard status
- Active
- Size
- 26,136 SF
- Lot size
- 0.60 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2009
Listing office SURMOUNT (332) 345-4222
Listing date Mar 19, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
HighLights
- 15.15‑year Triple Net (NNN) lease in place, commencing 12/12/2025.
- Current annual rent of $345,000.
- Scheduled rent increases of 10.00% every 5 years.
- Tenant is Pinnacle Oil & Gas.
- Building size is approximately 26,136 rentable square feet.
- Located on an estimated .6‑acre parcel of land.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $486.1k | $18.60 |
| − Vacancy | −$36.5k | −$1.40 |
| EGI | $449.7k | $17.21 |
| − OpEx | −$112.4k | −$4.30 |
| NOI | $337.3k | $12.90 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Orange
- State
- Texas
- Longitude
- -93.7752274
- Latitude
- 30.1080188
