REIT Sale | Former Popeyes | Kroger & McDonald’s Adjacent | Drive Thru

Description:

Ri Marketplace Online Auction September 23-25th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2678/reit-sale-former-popeyes-kroger-mcdonald-s-adjacent-drive-thru?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2678

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing second-generation restaurant/retail building located at 1604 Link Avenue in Orange, Texas (the “Property”). Formerly occupied by Popeyes, the Property is offered significantly below replacement cost, creating an exceptional opportunity to acquire a highly visible, strategically positioned asset with substantial value-add potential. FIRST BID MEETS RESERVE!

Built in 1984, the Property features a ±1,696-square-foot, one-story building on a ±0.520-acre (±22,656-SF) parcel, offering 23 parking stalls and a drive-thru lane. It enjoys ±167 feet of frontage along Link Avenue, directly across from a Kroger center with Pharmacy and Kroger Fuel, abutting McDonald’s, with two points of ingress/egress just off the intersection with N. 16th Street/Texas Highway 87 (±17,004 VPD). The Property is zoned C-S (Commercial Special), allowing a broad range of retail, dining, and service-oriented uses. With CoStar-estimated retail rents in the ±$15–$19/SF range, this former QSR presents a prime opportunity for investors to unlock value through lease-up at market rates.

Strategically located in Orange, TX, the Property lies within the Beaumont–Port Arthur–Orange metropolitan area—an important Gulf Coast economic hub recognized for its robust industrial base, regional retail draw, and convenient access to Interstate 10 (±1.5-mi). The city’s economy benefits from a diverse blend of petrochemical, manufacturing, and maritime industries, including major employers such as International Paper, Invista, Lanxess, and extensive shipbuilding operations along the Sabine River. The Property is located within an active commercial corridor and located near a plethora of national, regional, and local service providers including Kroger, McDonald’s, Walgreens, Sherwin Williams, HEB, Taco Bell, Little Caesars Pizza, and DQ to name a few. The Property’s strategic position near the Texas–Louisiana border serves as a natural gateway for cross-state commerce and workforce mobility, while its proximity to Beaumont (±30-mi west) and Lake Charles, LA (±35-mi east) ensures seamless connectivity to larger regional markets and supply chains. Within a short drive, Lamar State College–Orange serves 2,000+ students, faculty and Baptist Orange Hospital (40-beds) contributing to steady daytime activity that supports nearby businesses. The area also benefits from the ongoing revitalization of the historic downtown district, which is attracting both public and private investment, enhancing tourism, and drawing new retail, dining, and cultural offerings to the community. With nearly 28,000 residents within a 5-mi radius and an average household income (AHHI) exceeding $77,100, the Property is exceptionally well-positioned for re-leasing, adaptive reuse, or long-term investment in this established commercial corridor.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

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