Murphy Express | Ground Lease Odessa, TX

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+