3838 Andrews Hwy - Service Station FOR SALE


Odessa, TX 79762
$1,750,000 USD
469-694-4189
3838 Andrews Hwy, Odessa, TX for Sale
$1,750,000 USD
Service Station - FOR SALE
1/5
null | 6% Cap Rate

3838 Andrews Hwy
Odessa, TX 79762


HIGHLIGHTS

  • Located on the Major Intersection of Andrews Highway (23,800+ VPD) and E 42nd Street (32,600+ VPD)
  • Catty-Corner to the Ector County Coliseum, the Primary Event Space for Sporting Events, Concerts, Fairs, and Rodeos in Odessa
  • 3 Miles from University of Texas Permian Basin (7,628 Students) & 1.5 miles from Permian Basin High School (3,621 Students)
  • Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-Thru Business and sees over $2.4M in Annual Revenue
  • Odessa | Part of the Midland-Odessa MSA | Population: 338,085+

OVERVIEW

Brand New 15-Year Absolute NNN Ground Lease w/ 10% Rental Increases Every 5 Years & (4) 5-Year Options to Renew

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$3,431 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

17600-00010-00000

ASK ABOUT THIS PROPERTY

Kyle VarniSecure Net LeaseMore Info
469-694-4189

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Kyle VarniSecure Net LeaseMore Info
469-694-4189

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