1418 N Grant Ave - Service FOR SALE


Odessa, TX 79761
$249,000 USD
469-620-0274
1418 N Grant Ave, Odessa, TX for Sale
$249,000 USD
Service - FOR SALE
1/7
null | 19.76% Cap Rate

1418 N Grant Ave
Odessa, TX 79761


HIGHLIGHTS

  • Stable Income Stream: A long-term lease through March 2028 includes 5-year renewal options with rental increases
  • Strategic Location: Situated on a high-visibility corridor, benefiting from high visibility and easy access

OVERVIEW

Investment Opportunity with Flexibility. Property/Investment Highlights: - Net leased investment opportunity with a strong tenant in place - Current lease in place through 03/31/2028 - Corporate guaranteed lease - Tenant has three (3) five-year options to extend the lease with 10% rental increases every five (5) years - Recession and internet-proof tenant - Auto Glass Now has over 268 locations throughout the US - Freestanding industrial building totaling 4,018 SF - Regular/Ongoing maintenance - Hard corner location on N Grant Ave - Infrastructure and Transportation Redevelopment - Traffic Counts: 19,567 AADT (2023 - N. Grant Ave) - 25 Minutes from Midland International Airport This property is available via Online Auction with a starting bid of $249,000 Previous List Price: $575,000

FOR SALE DETAILS

PRICE

$249,000 USD

PRICE/SF

$62 USD /SF

CAP RATE

19.76%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

20% Cap Rate Corporate Guarantee NNN

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

ADD'L SUBTYPES

Auto Repair, Freestanding, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19

LAND SF

8,276

ZONING

Commercial

APN/PARCEL ID

06400-00180-00000

ASK ABOUT THIS PROPERTY

Jim DunnRetailUnion BrokersMore Info
469-620-0274

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

Jim DunnRetailUnion BrokersMore Info
469-620-0274

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