3838 Andrews Highway
Odessa, TX
Price:
$1,750,000
Cap Rate:
6.00%
NOI:
$150,000
Building Size:
Approx. 510 Sq. Ft.
Lot Size:
Approx. 0.55 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2022
Investment Overview
- 2023 Construction. 510+/- SF Building on 0.55+/- Acre Site
- Brand New 15-Year Absolute NNN Ground Lease w/ 10% Rental Increases Every 5 Years & (4) 5-Year Options to Renew
- Located on the Major Intersection of Andrews Highway (23,800+ VPD) and E 42nd Street (32,600+ VPD)
- Catty-Corner to the Ector County Coliseum, the Primary Event Space for Sporting Events, Concerts, Fairs, and Rodeos in Odessa
- 3 Miles from University of Texas Permian Basin (7,628 Students) & 1.5 miles from Permian Basin High School (3,621 Students)
- Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-Thru Business and sees over $2.4M in Annual Revenue
- Odessa | Part of the Midland-Odessa MSA | Population: 338,085+