New Retail Investment
2970 West Roundbunch Road, Orange, TX 77630
12,480 SF Retail Building in Orange, TX 77630
Property size:
12,480 SFLot size:
3.00 AcresPrice / SF:
$193/SF- Added:
- Jan 22, 2025
- Days on Market:
- 487
- Last Refresh:
- Mar 16 at 9:06 am
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 agent John (619) 218-6427
Listing office (619) 218-6427
Listing date Jan 22, 2025
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)
- Dollar General (NYSE: DG) Corporate Guarantee (Investment
- Grade Credit – S&P Rated BBB)
- Excellent Visibility & Access on West Roundbunch Road & Turner
- Road with Traffic Counts Exceeding 15,000 Vehicles Per Day
- Average Household Income Exceeds $133,000 (5‑Mile Radius)
- Located Only 1.5 Miles to a New Construction Entergy Texas
- Sabine Power Plant (Which Will Provide Over $1.8B in Economic
- Activity and Create Over 7,000 Jobs to the County)
Overview
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.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.79M
NOI $161,039 @ 9.00% cap · cautious / downside scenario
Moderate
$2.30M
NOI $161,039 @ 7.00% cap · market / base-case scenario
Aggressive
$3.22M
NOI $161,039 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $232.1k | $18.60 |
| − Vacancy | −$17.4k | −$1.40 |
| EGI | $214.7k | $17.21 |
| − OpEx | −$53.7k | −$4.30 |
| NOI | $161.0k | $12.90 |
12,480 SF · lease $18.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Use Scenarios
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail properties & Spaces
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Orange
- State
- Texas
- Longitude
- -93.814
- Latitude
- 30.1136
Nearby Similar for Sale
FAQs
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)
