Gas Station & C-Store - 20-Year Absolute NNN Lease
Kroger Shadow-Anchored | 20+ year operating history | 8.50% CAP
Marketing description
Established Gas + C-Store Site with 20+ year occupancy history at location. This Valero-branded gas station and convenience store is operated by Viper Fuels, an experienced 10-unit operator with multiple locations across Texas. The property is seasoned location directly across from Kroger Supermarket with 20+ Year Operating History.
The property features a 20-year Absolute NNN Lease with 10% increases every 5 years. Located on a primary retail corridor along N 16th St in Orange, Texas, the site is directly across the street from Kroger and 1 mile south of Interstate 10, one of the busiest highways in the USA.
Strong underlying real estate fundamentals within an established commercial node. The location benefits from in-built cross-border demand due to proximity to the Texas-Louisiana state line and is supported by a stable, blue-collar workforce tied to petrochemical industry, including Dow + Chevron Phillips Chemical companies.
Investment highlights
- 20-year Absolute NNN Lease with 10% increases every 5 years
- Directly across the street from Kroger
- 1 mile south of Interstate 10, one of the busiest highways in the USA
- Strong location along N 16th St, a primary retail corridor in Orange
- Strong underlying real estate fundamentals within an established commercial node
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
