Listed by SAB Capital
$3,130,435
Firestone | Odessa, TX | New 10Yr Extension
Details
APN 12300-00401-00201
Property Type Retail
Sub Type Auto Shop
Square Footage 12,624
Net Rentable (SqFt) 12,624
Units 1
Cap Rate 5.75%
NOI $180,000
Occupancy 100%
Brand/Tenant Firestone
Lease Type NN
Lease Term 34.6
Lease Expiration 03/31/2036
Remaining Term 9.8
Rent Bumps Yes
Lease Options 3; 5-Year Options
Price per SqFt $248
Year Built 1959
Stories 1
Acreage 1.830
Zoning C-2 (Light Commercial District)
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 08/15/2001
Ground Lease No
Sale Condition 1031 exchange
RECENT LONG-TERM LEASE EXTENSION THROUGH 2036 DEMONSTRATES COMMITMENT TO LOCATION
Marketing description
SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased Firestone Complete Auto Care located in Odessa, Texas. The property is leased to Bridgestone Retail Operations, LLC, a subsidiary of Bridgestone Corporation (S&P: A- / Moody’s: A3), and features a recently executed long-term lease extension through March 31, 2036, demonstrating the tenant’s commitment to the location. The lease provides approximately 10 years of remaining term with 10% rental increases every five years and three additional five-year renewal options, offering durable, growing cash flow.
Investment highlights
- Recent Lease Extension | Firestone recently extended its lease through March 31, 2036, demonstrating long-term commitment to the location.
- Investment-Grade Tenant (S&P: A- | Moody’s: A3) | The lease is backed by Bridgestone Corporation, an investment-grade rated global operator and one of the largest automotive service providers worldwide, offering secure, credit-backed cash flow.
- High-Visibility Infill Location | Located along Andrews Highway (~20,000 VPD) with immediate access to Interstate 20 (~74,000 VPD), the property benefits from strong visibility, accessibility, and consistent consumer traffic.
- Strategic Position Within the Permian Basin | Odessa sits at the center of the Permian Basin, one of the most productive energy regions globally, supporting a stable workforce base and sustained demand for automotive and service-oriented retail.
- Purpose-Built Automotive Facility | ±12,624 SF building on 1.83 acres with 7-bay service configuration. Functional layout tailored to automotive use, supporting operational efficiency and long-term tenancy.
- Below Replacement Cost Basis | Low basis relative to replacement cost with C-2 (Light Commercial) zoning, supporting long-term optionality for repositioning or redevelopment.
- Proximity to Key Demand Drivers & Infrastructure Investment | Located near major regional anchors including Medical Center Hospital, Odessa Regional Medical Center, and Midland International Air & Space Port, and benefits from a $424M TXDOT highway expansion, enhancing long-term corridor growth.
Listing Contacts
Listed by SAB Capital
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$180,000.00
$15,000.00/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Zoning
LC CommercialSpecial CommercialLight Commercial District 1
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View all 213 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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