1408 N 16th St

1408 N 16th St, Orange, TX 77630

Property Information

  • For Sale $2,692,307
  • Property Type Other
  • Property Size 13,000 SF
  • Date Updated Jun 10, 2026

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

  • 15+ years of optimal term remaining
  • 6.5% cap rate
  • Firm term through October 31, 2026
  • Located in strong Southeast Texas/Louisiana industrial market (port, refineries, LNG boom)
  • NNN lease
  • Rare percentage-rent upside

Contacts

Will Phipps

Coldwell Banker Commercial Apex, Realtors

Location

Contact Listing Broker
Will Phipps

Coldwell Banker Commercial Apex, Realtors

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