2419 N County Rd W - Storefront FOR SALE


Odessa, TX 79763
$5,316,076 USD
972-616-4720
2419 N County Rd W, Odessa, TX for Sale
$5,316,076 USD
Storefront - FOR SALE
1/5
null | 8.25% Cap Rate

2419 N County Rd W
Odessa, TX 79763


HIGHLIGHTS

  • TENANT WITH STRONG OPERATING HISTORY AND CORPORATE GUARANTEE
  • 17.5% VACANCY FACTOR
  • NEW PARKING LOT
  • INCOME TAX-FREE STATE
  • EXCELLENT LOCATION IN PATH OF GROWTH | STRONG DEMOGRAPHICS
  • BELOW MARKET RENTS | SHORT-TERM LEASES

OVERVIEW

Northmarq, on behalf of Ownership, is pleased to offer for sale 2419 N. County Road W., Odessa, Texas 79763. The Property consists of a 60,140 SF building situated on a 3.39 acre parcel of land in the rapidly growing community of Odessa, TX, directly in a strong retail corridor, just minutes away from major grocers like H-E-B and Walmart. The Property was constructed in 1969, and has 8 total suites with one space currently vacant. The center is anchored by TruFit, a San Antonio based, corporate operated, low cost health club. The lease has a corporate guarantee from TruFit and has 4.9 years remaining on the lease with 3, 5 year options.

FOR SALE DETAILS

PRICE

$5,316,076 USD

PRICE/SF

$53 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.39 AC

LAND SF

147,668 SF

ZONING

-

APN/PARCEL ID

358000019700000

ASK ABOUT THIS PROPERTY

Christopher AdamsNorthmarqMore Info
972-616-4720

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

Christopher AdamsNorthmarqMore Info
972-616-4720

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