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2492 Martin Luther King Jr Dr

10,190 SF 100% Leased Retail Building Orange, TX 77630 $1,723,740 CAD ($169 CAD/SF) 8% Cap Rate

Investment Highlights

  • Heavy Traffic
  • Covered Tenant Parking in Rear
  • Stable Tenant Mix
  • Great Frontage & Curb Appeal
  • Excellent Stable Tenant Mix
  • Adjacent to West Orange-Stark Elementary

Executive Summary

1. New Roof, electrical &. Interior after Hurricane Laura in 2020.
2. Flood Zone C (outside of the 100 year flood plain). Community Panel 480513-0005B

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
10,190 SF
Building Class
B
Year Built/Renovated
1985/2020
Price
$1,723,740 CAD
Price Per SF
$169 CAD
Cap Rate
8%
NOI
$137,899 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.92 AC
Zoning
None - No zoning in the City of Pinehurst, Texas
Parking
45 Spaces (4.42 Spaces per 1,000 SF Leased)
Frontage
200 ft on Martin Luther King Jr.

Amenities

  • Pylon Sign

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Allstate
  • Finance and Insurance
  • 2,000 SF
  • -
  • TBD
  • -
  • Ballard Chiropractic
  • Health Care and Social Assistance
  • 800 SF
  • -
  • -
  • -
  • Golden Triangle Nutrition
  • Retailer
  • 1,000 SF
  • -
  • -
  • -
  • Guard & Defend
  • Retailer
  • 1,950 SF
  • -
  • -
  • -
  • Nail Spa & Salon
  • Services
  • 2,000 SF
  • -
  • -
  • -
  • SAXX Hair Studio
  • Services
  • 1,450 SF
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Allstate Finance and Insurance 2,000 SF - TBD -
Ballard Chiropractic Health Care and Social Assistance 800 SF - - -
Golden Triangle Nutrition Retailer 1,000 SF - - -
Guard & Defend Retailer 1,950 SF - - -
Nail Spa & Salon Services 2,000 SF - - -
SAXX Hair Studio Services 1,450 SF - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
000021-006351
Land Assessment
$165,892 CAD
Improvements Assessment
$285,425 CAD
Total Assessment
$451,317 CAD
  • Listing ID: 33953199

  • Date on Market: 2024-11-21

  • Last Updated:

  • Address: 2492 Martin Luther King Jr Dr, Orange, TX 77630

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