2701 Andrews Highway
Odessa, TX
Price:
$2,437,500
Cap Rate:
4.80%
NOI:
$117,000
Building Size:
Approx. 2,824 Sq. Ft.
Lot Size:
Approx. 0.6 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2022
Investment Overview
- 2022 Construction. 2,824+/- SF Building on 0.60+/- Acre Site
- Brand New 20 Year Corporate Absolute NNN Ground Lease w/ (4) 5 Year Options to Renew
- Hard Corner Location at the Signalized Intersection of Hwy 385 and University Blvd (45K Combined VPD)
- Directly Across from Odessa College (7K Students) and Adjacent to Several National Retailers Including Chick-fil-A
- Murphy USA (NYSE: MUSA) is a Leading Retailer of Gasoline and Convenience Merchandise
- Strong Income Demographics w/ an est. $83,000 Within a 5 Mile Radius
- Odessa | Located in the Permian Basin | Population: 122,500+