2020 Andrews Highway
Odessa, Texas
Price:
$3,524,200
Cap Rate:
6.00%
NOI:
$211,452
Building Size:
Approx. 12,624 Sq. Ft.
Lot Size:
Approx. 1.84 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
1959
Investment Overview
- 1959 Construction. 12,624+/- SF Building on 1.84+/- Acre Site
- Approximately 5 Years Remaining on Net Lease, 10% Rental Increases Every Five Years with (1), 5-Year Option to Renew
- Excellent Visibility & Access on Andrews Highway (22,896+ VPD), near I-20 Business/2nd Street (24,090+ VPD) and I-20 (74,098+ VPD)
- Adjacent to Odessa College (15k Students) & Near University of Texas Permian Basin (7,100 Students) & Permian High School (4,100 Students)
- Direct access to I-20, Key Artery Serving Midland, Odessa, and Permian Basin; $424M TxDOT Highway Expansion Underway Through 2026
- Firestone Complete Auto Care (1,820+ Locations Nationwide) – Backed by Bridgestone, the World’s Largest Tire & Rubber Company
- Odessa | Economic Hub of the Permian Basin, Anchors America’s Top Oil and Gas Producing Region | Population: 124,400+