2970 Roundbunch Rd, Orange, TX 77630

Property Details for 2970 Roundbunch Rd

Year built

2024

Lot size

3.00 lot acres

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.

Location Insight

City

Orange

County

Orange

State

Texas

Longitude

-93.8851258

Latitude

30.039324