Nestled in the heart of Odessa, TX, this 39,580-square-foot industrial facility sits on a sprawling 28.63-acre site, serving as a mission-critical operational hub for KLX Energy Services, LLC (NYSE: KLXE). As a leading U.S. provider of oilfield services, KLX Energy Services specializes in completion, intervention, and production activities, supporting some of the most technically demanding wells in North America. KLX has occupied this facility since 2016, underscoring its long-term commitment to the site. The tenant recently renewed its lease post-COVID for an additional 7 years, a testament to the importance of this facility within their national operations. The lease now runs through June 30, 2028, with 39 months remaining as of April 1, 2025. Additionally, KLX holds two 36-month renewal options, allowing for potential long-term stability and lease extension at Fair Market Value (FMV).This NNN lease structure minimizes landlord obligations, with the tenant fully responsible for operating expenses, including property taxes, insurance, and routine maintenance. The landlord's only responsibilities are roof replacement and structural maintenance, making this a low-maintenance, high-yield asset. The property’s 8.5% cap rate and stable income stream of $642,000 annually make it a turnkey industrial investment in one of the most sought-after energy markets in the U.S. - Tenant Expansion Option provides opportunity to increase effective cap rate to over 10% with extension of term - Newer construction - less than 12 years old - Strong underlying real estate –10-ton crane, utility upgrades allow for housing 50+ employees, wash-bay for equipment cleaning, & 28-acre yard - Publicly traded tenant with diversified service offerings that has occupied the property since 2016 & exercised one renewal option - Renewal options at FMV allow for owner to reset rents at higher market rates. Current Rent is 10%-15% below market