2701 Grandview Ave 2,015 SF Retail Building Odessa, TX 79762 $599,000 ($297.27/SF) 6.18% Cap Rate





INVESTMENT HIGHLIGHTS
- Heavy Traffic
- Built out restaurant
- Hard Corner
EXECUTIVE SUMMARY
**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!
**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!
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,015 SF
Building Class
C
Year Built
1989
Price
$599,000
Price Per SF
$297.27
Cap Rate
6.18%
NOI
$37,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.36 AC
Zoning
Commercial - Restaurant, filling station, HARD CORNER
Parking
4 Spaces (1.99 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Taqueria Reynosa
- Accommodation and Food Services
- -
- -
- Double Net
- Dec 2029
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
Taqueria Reynosa | Accommodation and Food Services | - | - | Double Net | Dec 2029 |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS










PROPERTY TAXES
Parcel Number | 29700-00280-00000 | Improvements Assessment | $209,773 |
Land Assessment | $79,844 | Total Assessment | $289,617 |