Property History
Property Type
Property Type
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Asking Details
Asking Price
Asking Cap Rate
Asking NOI
Price/Sq Ft
Marketing Description
- 15-Year Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years
- High-Traffic Signalized, Hard Corner Location That Sees Over 56,000+ VPD
- Catty Corner to the Odessa Coliseum, Which is a 5,000+ Seat Stadium that Hosts Various Sporting Events, Concerts, and More
- Affluent and Growing Trade Area | 115,000+ Population and $116,000+ Avg HH Income in a 5 Mile Radius
- Odessa, TX was Ranked the 3rd Fastest Growing Small City in the U.S. by Forbes Magazine
Investment Highlights
- 15-Year Absolute NNN Ground Lease with (4),5-Year Options to Renew & 10% Rental Increases Every 5 Years
- The Subject Property is Located on the Major Intersection of Andrews Highway (23,800+ VPD) and E 42nd Street (32,600+ VPD). It is near several nationally recognized tenants such as McDonald's, Take 5 Oil Change, and many more.
- This Property is Catty-Corner to the Ector County Coliseum, the primary event space for Sporting Events, Concerts, Fairs, and Rodeos. The event space famously held concerts for Elvis Presley and Def Leppard.
- Situated in an Affluent and High Growth Trade Area. In a 5 Mile Radius, the Population is Over 115,000 and the Average HH Income is Over $116,000.
- This Site is Around 3 Miles from The University of Texas Permian Basin, which has 7,628 enrolled students and 140 faculty members. It is also 1.5 miles from Permian Basin High School, which has 3,621 enrolled students and is one of the three high schools in the Ector county independent school district.
- Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-thru Business, with no interior sit-down space in their compact 500-square-foot stands. 7 Brew has grown to over 420 locations in 34 States.
- Odessa, TX was Ranked the 3rd Fastest Growing Small City in the U.S. by Forbes Magazine
Property Type
Property Type
Property Subtype
Investment Highlights
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+
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
R CommercialRetail CommercialRetail District
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View all 213 uses
View all 213 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
Contacts
Listing removed on
BY:
Kyle Varni PRO
LIC: 707940
•••.•••.4189
••arni@••••••••••••••.com
Listing removed on
BY:
Bob Moorhead PRO
LIC: 548333
•••.•••.7200
bob@••••••••••••••.com
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