1364 E 8th St - Freestanding FOR SALE


Odessa, TX 79761
$1,500,000 USD
949-221-1803
1364 E 8th St, Odessa, TX for Sale
$1,500,000 USD
Freestanding - FOR SALE
1/10
null | 6% Cap Rate

1364 E 8th St
Odessa, TX 79761


HIGHLIGHTS

  • New Construction, Dual Drive-Thru 7 Brew Coffee property in Odessa, Texas
  • Corner parcel with visibility and access to 8th Street (32,000+ VPD)
  • Pad to Grocery Center and 67k sf Business Plaza | United Grocery Supermarket: 760,000 visitors in the last 12 months
  • Proximate to major regional medical centers / massive high schools
  • 108,000+ residents within 5-mile radius of subject property
  • Odessa TX: (+/-) 5.0% population growth since 2020 | Odessa TX expects to have more than 215,000 residents by 2040

OVERVIEW

Texas Broker of Record.... Frankel Development ... Lic # 9000477 Faris Lee Investments is pleased to present the opportunity to acquire a new, dual drive-thru 7 Brew Coffee property located in Odessa, Texas. This subject property is strategically positioned with frontage and access to 8th Street (32,000+ VPD), a key east-west thoroughfare serving the Odessa market. 7 Brew Coffee opened July 2024 and commenced a brand new, 15-year, Absolute NNN ground lease with 10% rental increases every 5 years – providing an investor with a hedge against inflation and increasing cash flow. The long-term lease, 7 Brew’s brand momentum, and the absence of landlord responsibilities create an outstanding investment opportunity for a passive investor.  The subject property is surrounded by community drivers: Odessa Regional Medical Center (211 beds / 700+ employees), Medical Center Hospital (100,000+ patients annually), Odessa High School (3,700+ students), Permian High School (4,100+ students) and the University of Texas Permian Basin (5,700+ students). The asset sits on a corner parcel with superior visibility and access to 8th Street, whilst fronting the United Supermarket and ICA Business Plaza. Midland-Odessa is well known for its population growth and success in the energy / natural resource sectors, supplying about 40% of the United States oil production. The offering in Odessa TX is backed by 7 Brew’s second largest franchise operator, further enhancing the strength and stability of the opportunity for an investor to acquire a best-in-class Coffee QSR investment property with strong real estate fundamentals.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$2,941 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Brew Drive-Thru | Texas | $90K NOI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

EE2

APN/PARCEL ID

27750-00190-00000

ASK ABOUT THIS PROPERTY

Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Tyler StraussFaris Lee InvestmentsMore Info
949-221-1803

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.