Pinnacle Oil & Gas
For Sale
Contact for pricing
1918 Strickland Dr, Orange, TX 77630
NNN leased Pinnacle Oil & Gas in Orange, TX for sale.
Property Size26,136 SF
Lot Size0.60 Acres
Price / SF$170.32
Days on Market146
Property Features for 1918 Strickland Dr
General Information
Standard status
Active
Size
26,136 SF
Lot size
0.60 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$345,000
Building Details
Year Built
2009
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Anthony DAmbrosia · License #NY 10401294012
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 10 at 3:57PM
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
Investment Insights
Based on property information with market context.
The property at 1918 Strickland Drive, Orange, TX 77630 is a Pinnacle Oil & Gas station. It features approximately 26,136 rentable square feet of building space on an estimated 0.6-acre parcel of land. The property is subject to a 15.15-year Triple Net (NNN) lease, which commenced on 12/12/2025. The current annual rent is $345,000, with scheduled increases of 10.00% every 5 years.
Key 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.
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
$337,252
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
7.58%
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%
$6,745,040
$6.7M
Cap Rate 7%
$4,817,886
$4.8M
Cap Rate 9%
$3,747,244
$3.7M
Market Conditions
NOI Build-Up for 26,136 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
$486.1K $18.60/SF
− Vacancy
−$36.5K −$1.40/SF
EGI
$449.7K $17.21/SF
− OpEx
−$112.4K −$4.30/SF
NOI
$337.3K $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%
$6,745,040
Cap Rate 7%
$4,817,886
Cap Rate 9%
$3,747,244
Alternative Uses
Best Use
Specialty Retail
$4.82M
$4.22M – $5.62M
NOI $337,252 @ 7.0% cap · market cap 7.58%
Second Best
Retail
$4.16M
$3.64M – $4.85M
NOI $291,278 @ 7.0% cap · market cap 6.54%
Theoretical Best
Office A
$6.17M
$5.40M – $7.20M
NOI $432,059 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Gas station - NNN leased Pinnacle Oil & Gas in Orange, TX for sale.
Where is this gas station located?
The property is located at 1918 Strickland Dr Orange, TX.
What is the asking price?
The asking price for this property is $4,451,613.
What are key features of this property?
This property features: 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.
