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1506 W 2ND ST Odessa TX 79763-4321

APN 28400-03001-00101

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Details
Property Type Retail
Sub Type Auto Shop, Storefront
Building SqFt 13,140
Lot SqFt 67,680
Acreage ******
Zoning Code LI
Year Built 1958
Building Count 1
Opportunity Zone No
Lease Type ******
Remaining Term ******
Lease Expiration ******
Tax Year ******
Tax Land ******
Tax Additions ******
Tax Assessed Value ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Storefront, Auto Shop
Asking Details
Asking Price
$1,800,000
Asking Cap Rate
8%
Asking NOI
$144,027
Marketing Description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.​com/properties/310498/lubezone-nyse-ares

Investment Highlights

  • Corporate Lease Featuring Annual Rental Increases Throughout the Initial Term and Options. Priced Below Replacement Cost. Highly Functional Facility - Features 6 Drive-In Service Bays.
  • Strategically Positioned Along West 2nd Street (I-20 BL) with Direct Access to Interstate 20, the Property Benefits from Strong Visibility and Proximity to Key Trucking Corridors.
  • Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
  • Direct Access to Interstate 20 and Highway 385, Two Key Trucking Corridors Linking Odessa to Midland, El Paso, and Dallas–Fort Worth, Reinforcing Tenant Exposure to Regional and Cross-State Freight Operators.
  • Located Just 1.8 Miles from the Odessa Motor Freight Terminal and 2.2 Miles from the Union Pacific Rail Yard, Creating a Concentration of Logistics-Related Vehicle Traffic.
  • Mission-Critical Truck Service Location Along a Major West Texas Logistics Route, Catering to Class 7 and 8 Trucks with High Daily Freight Traffic Volume and Nonstop Service Demand from Long-Haul and Oilfield-Related Transport.
  • LubeZone’s Parent Company, Ares Management Corporation (NYSE: ARES), is a Global Alternative Investment Firm Managing over $525 Billion in Assets across Credit, Private Equity, Real Estate, and Infrastructure Strategies.
  • Located in Odessa’s Permian Basin Energy Hub, which sees some of the Highest Diesel Consumption and Freight Movement in the U.S. Due to Upstream and Midstream Oil and Gas Operations. Surrounded by Complementary Industrial Users Including Truck Stops, Fuel Stations, Heavy Equipment Rental, and Trailer Repair - Creating a Self-Reinforcing Ecosystem That Drives Consistent Service Volume to the Site.

Property Type
Property Type
Retail
Property Subtype
Storefront, Auto Shop
Marketing Description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/310498/lubezone-nyse-ares

Investment Highlights

  • Corporate Lease Featuring Annual Rental Increases Throughout the Initial Term and Options. Priced Below Replacement Cost. Highly Functional Facility - Features 6 Drive-In Service Bays.
  • Strategically Positioned Along West 2nd Street (I-20 BL) with Direct Access to Interstate 20, the Property Benefits from Strong Visibility and Proximity to Key Trucking Corridors.
  • Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
  • Direct Access to Interstate 20 and Highway 385, Two Key Trucking Corridors Linking Odessa to Midland, El Paso, and Dallas–Fort Worth, Reinforcing Tenant Exposure to Regional and Cross-State Freight Operators.
  • Located Just 1.8 Miles from the Odessa Motor Freight Terminal and 2.2 Miles from the Union Pacific Rail Yard, Creating a Concentration of Logistics-Related Vehicle Traffic.
  • Mission-Critical Truck Service Location Along a Major West Texas Logistics Route, Catering to Class 7 and 8 Trucks with High Daily Freight Traffic Volume and Nonstop Service Demand from Long-Haul and Oilfield-Related Transport.
  • LubeZone’s Parent Company, Ares Management Corporation (NYSE: ARES), is a Global Alternative Investment Firm Managing over $525 Billion in Assets across Credit, Private Equity, Real Estate, and Infrastructure Strategies.
  • Located in Odessa’s Permian Basin Energy Hub, which sees some of the Highest Diesel Consumption and Freight Movement in the U.S. Due to Upstream and Midstream Oil and Gas Operations. Surrounded by Complementary Industrial Users Including Truck Stops, Fuel Stations, Heavy Equipment Rental, and Trailer Repair - Creating a Self-Reinforcing Ecosystem That Drives Consistent Service Volume to the Site.

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Listing removed on
 BY:
AM
Alvin Mansour PRO
LIC: TX 0606255 (+1)
•••.•••.3184
•lvin@•••••••••••••••.com
Brokerage logo
Listing removed on
 BY:
JT
Jonathan Talia
LIC: CA 02031343
•••.•••.3186
Jon@•••••••••••••••.com
Brokerage logo

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