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28219434
28219388

2701 N County Rd W, Odessa, TX 79764

AW
UT UT 11054719
Marcus & Millichap - Salt Lake City
Listed by Marcus & Millichap - Salt Lake City
$2,227,000
205 days on market
Updated 1 day ago

Dickey's BBQ Pit New 15 year lease - Hard Corner

Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,000
Net Rentable (SqFt) 2,000
Units 1
Cap Rate 6.25%
NOI $139,200
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 06/01/2041
Remaining Term 15
Rent Bumps Yes
Lease Options 3 Five year
Pro-Forma Cap Rate 6.38%
Pro-Forma NOI $141,984
Class A
Year Renovated 2026
Buildings 1
Acreage 0.380
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 06/01/2026
Ground Lease No
Ownership Fee Simple

Strong Signalized Corner with ingress egress, Near College Stadium

Marketing description

Recent long term 15 year lease signed with new tenant.

This property occupies a high-visibility hard corner at a signalized intersection, directly positioned along one of Odessa’s most active retail corridor along W University. The location benefits from strong daily traffic counts, college proximity, at half a mile from the stadium, consistent local consumer flow, and proximity to dense residential neighborhoods and other schools. As an outparcel to an established grocery trade area, the site enjoys built-in demand and stable tenant sales performance potential.

The immediate area is a proven retail node supported by essential services, national brands, and community institutions, creating a durable and repeatable customer draw. The combination of ingress/egress ease, intersection control, and market familiarity positions this site for both tenant retention and long-term asset value protection.

Investment highlights

Hard Signalized Corner with light.

Highway Proximity. Growing area. High Demand location.

Half a Mile from the Stadium, and Odessa College Campus.

High Traffic Counts, grocery outparcel.

Drive-Thru with great ingress, egress.

Listing Contacts

AW
UT UT 11054719
Marcus & Millichap - Salt Lake City
Listed by Marcus & Millichap - Salt Lake City

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$139,200.00
$11,600.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Tim Speck
License
TX 9002994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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