2492 Martin Luther King Jr Dr
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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
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
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
Parcel Number | 000021-006351 | Improvements Assessment | $285,425 CAD |
Land Assessment | $165,892 CAD | Total Assessment | $451,317 CAD |
PROPERTY TAXES
Parcel Number
000021-006351
Land Assessment
$165,892 CAD
Improvements Assessment
$285,425 CAD
Total Assessment
$451,317 CAD
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