1506 W 2nd St - Auto Repair FOR SALE
Odessa, TX 79763 |
$1,796,832 USD
858-373-3184
1506 W 2nd St
Odessa, TX 79763
HIGHLIGHTS
- Corporate NNN Lease Featuring 10% Rental Increases Throughout the Initial Term and Options. Priced Below Replacement Cost.
- Highly Functional Facility - Features 6 Drive-In Service Bays. Recent Lease Extension through 2037, Signaling Long-Term Commitment to the Location.
- Direct Access to Interstate 20 and Highway 385, Two Key Trucking Corridors Linking Odessa to Midland, El Paso, and Dallas–Fort Worth.
- LubeZone’s Parent Company, Ares Management Corporation (NYSE: ARES), is a Global Alternative Investment Firm Managing over $525 Billion in Assets.
- Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
- Bonus Depreciation - Significant Tax Benefits: Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
OVERVIEW
LubeZone Truck Lube Center (NYSE: ARES) | Recently Extended NNN Lease Through 2037 | Priced Below Replacement Cost | Qualifies for Accelerated Depreciation | Strategically Located on I-20 Business Loop and Hwy 385 | Near Odessa Motor Freight Terminal & Union Pacific Rail Yard | Core Trucking Corridor for West Texas Logistics | Densely Populated Area | Located in the Permian Basin Energy Hub | Surrounded by National Industrial & Fuel Tenants
FOR SALE DETAILS
PRICE
$1,796,832 USD
PRICE/SF
$86 USD /SF
CAP RATE
7.04%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
LUBEZONE (NYSE: ARES) | NEW NNN EXTENSION
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Service Station, Storefront, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.38 AC
LAND SF
60,113 SF
ZONING
LI
APN/PARCEL ID
28400-02150-00000
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858-373-3184
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858-373-3184
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