5011 E 42nd St - Retail FOR SALE
Odessa, TX 79762 |
$4,997,000 USD
214-960-2835
5011 E 42nd St
Odessa, TX 79762
HIGHLIGHTS
- Dominant Tenant Mix with Starbucks (Drive-Thru End Cap), Jimmy John’s, & Stanton Optical
- 100% Original Tenancy Since 2016 with Built-In Rent Escalations; All Tenants Have Renewal Options
- Starbucks (Corporate, SBUX): The Largest Coffeehouse Chain with 1,470+ Locations Across Texas Alone & 41,000+ Globally
- Stanton Optical (Corporate): National Optical Retail Concept with 300+ Locations Across the U.S. with 80 Across Texas
- Heavily Trafficked Intersection of East 42nd Street (SH 191) & Parkway Boulevard (75,200+ Combined VPD)
- 3.7M+ SF of Office GLA within a 1.5-Mile Radius
FOR SALE DETAILS
PRICE
$4,997,000 USD
PRICE/SF
$793 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks, Jimmy John's & Stanton Optical
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2016
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.89 AC
LAND SF
38,899 SF
ZONING
EF1
APN/PARCEL ID
31910-00082-04000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
214-960-2835
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
214-960-2835
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
