LUBEZONE (NYSE: ARES) W/ ANNUAL INCREASES 1506 W 2nd St 20,976 SF Retail Building Odessa, TX 79763 $1,806,000 ($86.10/SF) 7.75% Cap Rate

Corporate Lease Featuring Annual Rental Increases Throughout the Initial Term and Options. Priced Below Replacement Cost.
Direct Access to Interstate 20 and Highway 385, Two Key Trucking Corridors Linking Odessa to Midland, El Paso, and Dallas–Fort Worth.
Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.

Strategically Positioned Along West 2nd Street (I-20 BL) with Direct Access to Interstate 20, the Property Benefits from Strong Visibility.
LubeZone’s Parent Company, Ares Management Corporation (NYSE: ARES), is a Global Alternative Investment Firm Managing over $525 Billion in Assets.
Located in Odessa’s Permian Basin Energy Hub, which sees some of the Highest Diesel Consumption and Freight Movement in the U.S.

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Auto Repair

Building Size

20,976 SF

Building Class

Year Built/Renovated

2000/2010

Price

$1,806,000

Price Per SF

$86.10

Cap Rate

7.75%

NOI

$139,968

Tenancy

Single

Building Height

1 Story

Building FAR

0.35

Lot Size

1.38 AC

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE		LEASE END
LubeZone	Retailer	20,976 SF	-	Double Net		Dec 2028

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
I- 20 Bus	N Kelly Ave, NE	15,690	2025	0.03 mi
N Kelly Ave	I- 20 Bus, SE	825	2025	0.04 mi
N Kelly Ave	I- 20 Bus, NW	1,178	2025	0.06 mi
I- 20 Bus	N Kelly Ave, SW	14,575	2025	0.07 mi
Hickory Ave	W Murphy St, N	907	2025	0.18 mi
I- 20 Bus	Whitaker Ave, NE	14,346	2025	0.22 mi
Pine Ave	W Murphy St, N	761	2025	0.23 mi
Whitaker Ave	W 3rd St, NW	965	2018	0.25 mi
W 3rd St	N Penwell Ave, NE	1,248	2025	0.28 mi
I- 20 Bus	N Penwell Ave, NE	13,812	2025	0.28 mi