2701 Grandview Ave - Restaurant FOR SALE


Odessa, TX 79762
$599,000 USD
432-413-1603
2701 Grandview Ave, Odessa, TX for Sale
$599,000 USD
Restaurant - FOR SALE
1/6
null | 6.18% Cap Rate

2701 Grandview Ave
Odessa, TX 79762


HIGHLIGHTS

  • Heavy Traffic
  • Hard Corner
  • Built out restaurant

OVERVIEW

**Commercial Lease Seller Notes: Taqueria Reynosa** **Property Overview:** Taqueria Reynosa is a premier commercial property strategically located on a hard corner, offering exceptional visibility and high traffic exposure. This well-established taqueria features a long-term tenant, providing a stable and reliable income stream for prospective buyers. **Key Features:** - **Full Kitchen:** Fully equipped to support a thriving restaurant operation. - **Walk-in Coolers:** Ample storage capacity for inventory and perishables. - **Dining Room & Lobby:** Spacious and welcoming areas for customers to dine in or wait for takeout. - **Two Restrooms:** Convenient facilities for staff and patrons. - **Prime Location:** Hard corner positioning ensures maximum visibility and accessibility. **Lease Details:** - **Lease Term:** 6 years remaining, with expiration in 2031. - **Rent Escalation:** 3% annual rent increases, ensuring consistent income growth. - **Tenant:** Long-term, established tenant, minimizing vacancy risk and offering dependable cash flow. **Investment Highlights:** This property presents an attractive opportunity for investors seeking a low-maintenance asset with built-in growth potential. The combination of a strong tenant, a well-equipped facility, and a favorable lease structure with annual rent increases makes Taqueria Reynosa a standout addition to any commercial real estate portfolio. Let me know if you'd like any adjustments or additional details included!

FOR SALE DETAILS

PRICE

$599,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

6.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Fast Food, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

Commercial

APN/PARCEL ID

29700-00280-00000

ASK ABOUT THIS PROPERTY

Ben QuirozQuiroz Holdings LPMore Info
432-413-1603

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Ben QuirozQuiroz Holdings LPMore Info
432-413-1603

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.