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20% Cap Rate Corporate Guarantee NNN 1418 N Grant Ave 4,018 SF 100% Leased Industrial Building Odessa, TX 79761 $249,000 ($61.97/SF) 19.76% Cap Rate

INVESTMENT HIGHLIGHTS

  • Stable Income Stream: A long-term lease through March 2028 includes 5-year renewal options with rental increases
  • Strategic Location: Situated on a high-visibility corridor, benefiting from high visibility and easy access

EXECUTIVE SUMMARY

Investment Opportunity with Flexibility.
Property/Investment Highlights:
- Net leased investment opportunity with a strong tenant in place
- Current lease in place through 03/31/2028
- Corporate guaranteed lease
- Tenant has three (3) five-year options to extend the lease with 10% rental increases every five (5) years
- Recession and internet-proof tenant
- Auto Glass Now has over 268 locations throughout the US
- Freestanding industrial building totaling 4,018 SF
- Regular/Ongoing maintenance
- Hard corner location on N Grant Ave
- Infrastructure and Transportation Redevelopment
- Traffic Counts: 19,567 AADT (2023 - N. Grant Ave)
- 25 Minutes from Midland International Airport
This property is available via Online Auction at https://www.FRE.com/522D6 with a starting bid of $249,000
Previous List Price: $575,000

ATTACHMENTS

522 Flyer_D6

PROPERTY FACTS

Price $249,000 Building Class C
Price Per SF $61.97 Lot Size 0.19 AC
Sale Type Investment Rentable Building Area 4,018 SF
Cap Rate 19.76% No. Stories 1
Sale Conditions
1031 Exchange
  • Ground Lease (Leased Fee)
 Year Built 1976
Property Type Industrial Parking Ratio 1.24/1,000 SF
Property Subtype
Service
  • General Retail Auto Repair
  • General Retail Freestanding
  • Industrial Warehouse
Zoning Commercial - Commercial
Price $249,000
Price Per SF $61.97
Sale Type Investment
Cap Rate 19.76%
Sale Conditions
1031 Exchange
  • Ground Lease (Leased Fee)
Property Type Industrial
Property Subtype
Service
  • General Retail Auto Repair
  • General Retail Freestanding
  • Industrial Warehouse
Building Class C
Lot Size 0.19 AC
Rentable Building Area 4,018 SF
No. Stories 1
Year Built 1976
Parking Ratio 1.24/1,000 SF
Zoning Commercial - Commercial

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Auto Glass Now
  • Retailer
  • 4,000 SF
  • -
  • Triple Net
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Auto Glass Now Retailer 4,000 SF - Triple Net -

LINKS

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Walk Score®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
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Transit Score® measures access to public transit.
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What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 06400-00180-00000 Improvements Assessment $236,299
Land Assessment $17,892 Total Assessment $254,191

PROPERTY TAXES

Parcel Number
06400-00180-00000
Land Assessment
$17,892
Improvements Assessment
$236,299
Total Assessment
$254,191
(469) 620-0274

CONTACT

  • Jim Dunn
    Jim Dunn

  • Listing ID: 33828022

  • Date on Market: 11/11/2024

  • Last Updated:

  • Address: 1418 N Grant Ave, Odessa, TX 79761

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20% Cap Rate Corporate Guarantee NNN | 1418 N Grant Ave
(469) 620-0274 x

20% Cap Rate Corporate Guarantee NNN | 1418 N Grant Ave

Jim Dunn
(469) 620-0274

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