Current Use by Public Records
- Retail properties & Spaces
Property Details for 3020 16Th St
- Year built
- 2024
- Lot size
- 0.32 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fee-simple ownership of a Take 5 Oil Change located at 3020 N 16th St, Orange, TX 77630. The property boasts a newly constructed (2024), 1,683 square-foot building situated on a 0.32-acre lot. Secured by a corporate guarantee from a substantial entity (Holdco, LLC, with approximately 3,500 units), this property offers a 20-year triple-net (NNN) lease with a strong 6.25% cap rate and a substantial net operating income (NOI) of $105,000 annually. The lease commenced at closing and includes attractive terms such as 1.50% annual rental increases and four, five-year renewal options, ensuring long-term, stable cash flow. The asking price is $1,680,000, translating to a price per square foot of $998.22. This is a turnkey investment with minimal landlord responsibilities, making it an ideal addition to any portfolio seeking secure, high-return properties in the Texas market. The property's location in Orange, Texas, offers excellent visibility and accessibility. This is a rare opportunity to acquire a well-established, nationally recognized brand in a prime location with a long-term, secure lease.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Orange
- State
- Texas
- Longitude
- -93.747
- Latitude
- 30.1182
