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1918 Strickland Dr 3,696 SF Retail Building Orange, TX 77630 $4,451,613 ($1,204.44/SF) 7.75% Cap Rate
Investment Highlights
- Absolute Triple Net Lease with No Landlord Responsibilities
- Proximity to Major Regional Transportation Routes
- Strong Corporate Guarantee
- Surrounded by National Retailers
Executive Summary
Surmount is pleased to present the exclusive listing for a Pinnacle Oil & Gas located at 1918 Strickland Drive, Orange, TX 77630. The site consists of roughly 26,136 rentable square feet of building space on an estimated .6-acre parcel of land. Pinnacle Oil & Gas is subject to a 15.15-year Triple Net (NNN) lease, which commenced 12/12/2025. The current annual rent is $345,000 and has scheduled increases of 10.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,696 SF
Building Class
C
Year Built
2009
Price
$4,451,613
Price Per SF
$1,204.44
Cap Rate
7.75%
NOI
$345,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.60 AC
Zoning
C
Parking
10 Spaces (2.71 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 000021-020451 | Improvements Assessment | $583,337 |
| Land Assessment | $53,016 | Total Assessment | $636,353 |
Property Taxes
Parcel Number
000021-020451
Land Assessment
$53,016
Improvements Assessment
$583,337
Total Assessment
$636,353
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1918 Strickland Dr
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