2744 N County Rd W - Freestanding FOR SALE


Odessa, TX 79764
$2,737,778 USD
903-574-2647
2744 N County Rd W, Odessa, TX for Sale
$2,737,778 USD
Freestanding - FOR SALE
1/5
null | 6.75% Cap Rate

2744 N County Rd W
Odessa, TX 79764


HIGHLIGHTS

  • Long-Term Lease Stability (±7.59 Years Remaining): McAlister’s Deli operates under a 15-year lease (2019–2033)
  • Scheduled Rental Increases: The lease includes contractual rent escalations during the primary term, increasing monthly rent from $14k to $16,940
  • Well Performing Location: Ranked in the top 1/2 McAlister's Deli Nationwide ~ 140k visits in the last 12 months. Per Placer.ai sales $2.1M $506.10/psf
  • Freestanding Retail Asset: The Property consists of a 3,894-square-foot freestanding restaurant building
  • Strategic Retail Corridor Location: Positioned along N County Road W near Kermit Highway
  • Permian Basin Economic Hub: Located in Odessa, Texas, within the Permian Basin—one of the most productive oil-producing regions in the United States

OVERVIEW

McAlister's Deli (the “Property”) is a freestanding restaurant property prominently located at 2744 N County Road W in Odessa, Texas, positioned near the signalized intersection of North County Road West and Kermit Highway. The Property benefits from strong visibility, convenient access, and proximity to surrounding retail and commercial developments that generate consistent traffic to the area. The Property comprises approximately 3,894 square feet situated on approximately 0.69 acres, with an additional adjacent parcel (0.89 acres) totaling approximately 1.55 acres under ownership. Originally constructed in 2012, the building was developed specifically for restaurant use and features ample parking, efficient customer circulation, and a layout suitable for quick-service dining operations. The Property is 100% leased to McAlister’s Deli, operated by Best Choice Restaurants, LLC, under a 15-year lease that commenced January 1, 2019 and expires December 31, 2033, providing approximately 7.59 years of remaining lease term. The lease includes scheduled rental increases throughout the term, providing built-in income growth and predictable cash flow.

FOR SALE DETAILS

PRICE

$2,737,778 USD

PRICE/SF

$712 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,000 SF

ZONING

EB2

APN/PARCEL ID

16500-00075-00000

ASK ABOUT THIS PROPERTY

John David CobbEDGE Realty Capital MarketsMore Info
903-574-2647

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John David CobbEDGE Realty Capital MarketsMore Info
903-574-2647

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