2970 West Roundbunch Road Orange, TX 77630
- Retail space
- 12,480 SF
- 3.00 lot acres
Current Use by Public Records
- Retail space
Property Details for 2970 West Roundbunch Road
- Year built
- 2024
- Lot size
- 3.00 lot acres
- Property size
- 12,480 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 12,480-square-foot Dollar General Market in Orange, Texas. Built in 2024, this Class A property sits on a 3-acre lot at 2970 W Roundbunch Rd, 77630, boasting excellent visibility and access on a major thoroughfare with over 15,000 vehicles daily. The property features a 15-year absolute NNN lease with a credit-rated, corporate guarantor (Dollar General, S&P rated BBB). The lease includes a significant 5% rent increase every five years throughout the primary term and five 5-year options, ensuring consistent income growth and minimal landlord responsibilities. The current Net Operating Income (NOI) is $156,855, representing a 6.50% cap rate on the $2,413,154 asking price. The property benefits from a strong demographic profile, with an average household income exceeding $133,000 within a 5-mile radius. Its proximity to a new energy plant promises substantial future economic growth. This is a rare opportunity to acquire a secure, long-term investment with exceptional returns and minimal management demands. The property is located 1.5 miles from a new energy plant generating over $1.8B in economic activity and creating over 7,000 jobs. The location is also convenient to several nearby cities including Bridge City, Orange, Port Arthur, and Beaumont.
Value Estimation
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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
- -93.8851258
- Latitude
- 30.039324
