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29991070
29991071

3927 S County Rd 1290, Odessa, TX 79765 For Sale

JD
TX 9004023
NRG Realty Group
Listed by NRG Realty Group
$1,578,947
143 days on market
Updated 11 days ago

Investment Sale: Giant Tools USA, 9.5% Cap Rate

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 9,618
Cap Rate 9.5%
NOI $150,000
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2029
Remaining Term 3.5
Price per SqFt $164
Year Built 2023
Acreage 2.290
Investment Type Value Add
Ceiling Height 17

Investment Sale: Giant Tools USA, 9.5% Cap Rate

Marketing description

NRG Realty Group has been selected to exclusively market the opportunity to acquire the Giant Oil Tools property in Odessa, Texas featuring a 9,618 SF building on 2.29 acres exclusively leased to Giant Oil Tools. The lease runs through 12/31/2029 and features 3% annual increases and a triple net lease structure. The property is conveniently located between Hwy 80 & Interstate 20 off of SCR 1290 which runs over the railroad and to I-20.

This property boosts a five drive-in bay shop on 2.29 Acres in Midland, TX. The 3,593 SF office is setup as a large showroom with a break room, four private offices, and two restrooms all with central heating & air. The shop is foam insulated featuring (5) 16' overhead doors and 3-Phase power with 50 amp service between each door. Serviced by water well and septic system. Site is fully fenced and stabilized with caliche.

Listing Contacts

JD
TX 9004023
NRG Realty Group
Listed by NRG Realty Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

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DSCR
9.5%
Cap Rate
9.5%
ROI

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Additional Information

Name
Justin Dodd
License
9004023
Brokerage
NRG Realty Group, LLC
Title
President
Brokerage Address
6191 State Highway 161
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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