1408 N 16th St

Description:

• 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)

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.

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Listing ID: e85a45ef-b31b-40dd-bf35-110e99e137cf

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