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2701 Grandview Ave

2,015 SF Retail Building Odessa, TX 79762 $669,000 ($332/SF) 6% Cap Rate

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Investment Highlights

Heavy Traffic
Built out restaurant

Hard Corner

Executive Summary

Taqueria Reynosa is situated on a hard corner with high visibility. With a long term tenant. Full Kitchen, Walk in Coolers, Dining Room, Lobby. 2 Restrooms. 5 years left on lease

Property Facts

Sale Type

Investment NNN

Sale Condition

Sale Leaseback

Property Type

Retail

Property Subtype

Restaurant

Building Size

2,015 SF

Building Class

Year Built

1989

Price

$669,000

Price Per SF

$332

Cap Rate

NOI

$40,140

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

195 FT on University Blvd

Amenities

Pylon Sign

Signage

Signalized Intersection

MAJOR TENANTS

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

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Walk Score ®

Very Walkable (75)

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PROPERTY TAXES

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

PROPERTY TAXES

Parcel Number

29700-00280-00000

Land Assessment

$79,844

Improvements Assessment

$209,773

Total Assessment

$289,617

(432) 413-1603

Contact

Ben Quiroz
Quiroz Holdings LP

Listing ID: 34083245
Date on Market: 12/4/2024
Last Updated:
Address: 2701 Grandview Ave, Odessa, TX 79762

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