Listed by Marcus & Millichap - San Diego
$1,800,000
LUBEZONE TRUCK LUBE CENTER (NYSE: ARES) W/ ANNUAL INCREASES
Details
APN 28400-03001-00101
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 20,976
Units 1
Cap Rate 8%
NOI $144,027
Tenancy Single
Lease Type NN
Lease Expiration 12/15/2028
Remaining Term 2.5
Rent Bumps Yes
Class A
Year Built 1958
Year Renovated 2010
Stories 1
Acreage 1.370
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 8.00% CAP | 20,976 SqFt
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.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$144,027.00
$12,002.25/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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