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CALIBER COLLISION | LONG TERM ABSOLUTE NET 150 E 45th St 23,052 SF Retail Building Odessa, TX 79762 $4,871,795 ($211.34/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
- Densely Populated Area: Features more than 113k People Residing within a 5-Mile Radius. Odessa has Experienced Steady Growth over the Years.
- Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,800 Convenient Locations in 41 States - and Growing.
- Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
EXECUTIVE SUMMARY
2024 Renovation | Densely Populated Area | Near Numerous Auto Dealerships and Auto Service Centers | Directly Across from Ector County Coliseum - 5k+ Seat Multi-Purpose Arena | Minutes from Music City Mall, The University of Texas Permian Basin, Odessa College & Odessa-Schlemeyer Field Airport | Qualifies for Accelerated Depreciation | Recession-Resistant Concept
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
23,052 SF
Building Class
B
Year Built/Renovated
1975/2024
Price
$4,871,795
Price Per SF
$211.34
Cap Rate
5.85%
NOI
$285,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
1.51 AC
Zoning
Heavy Commercial - Heavy Commercial
AMENITIES
- Tenant Controlled HVAC
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Caliber Collision
- Retailer
- 23,052 SF
- -
- Triple Net
- Jun 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Caliber Collision | Retailer | 23,052 SF | - | Triple Net | Jun 2039 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28610-01710-00000 | Improvements Assessment | $400,637 |
| Land Assessment | $263,535 | Total Assessment | $664,172 |
PROPERTY TAXES
Parcel Number
28610-01710-00000
Land Assessment
$263,535
Improvements Assessment
$400,637
Total Assessment
$664,172
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CALIBER COLLISION | LONG TERM ABSOLUTE NET | 150 E 45th St
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