3020 16Th StOrange, TX 77630

Property Details for 3020 16Th St

Year built

2024

Lot size

0.32 AC

Property size (Sq ft)

1,683 SF

Property type

Retail properties

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.

Location Insight

City

Orange

County

Orange

State

Texas

Latitude

30.1182

Longitude

-93.747

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