1408 N 16th St
$2,692,307
1408 N 16th St Orange, TX 77630
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About this listing
DESCRIPTION
Cromwell Commercial Group is pleased to present this freestanding 13,000+/- SF retail asset located at a signalized corner in the primary retail corridor of Orange, TX.
The property is 100% occupied by investment-grade tenant, Walgreens, providing strong credit tenancy and stability. As part of its ongoing store-optimization strategy, Walgreens initially evaluated this location in 2023, and following further review, chose to reinstate and extend the store in mid-2024 - one of the clearest indicators of long-term store viability and market strength in today’s market.
HIGHLIGHTS
- • 6.5% cap rate
- • Firm term through October 31, 2026
- • Rare percentage-rent upside
- • NNN lease
- • 15+ years of optimal term remaining
- • Located in strong Southeast Texas/Louisiana industrial market (port, refineries, LNG boom)
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Building Size
13,000 sqft
