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LUBEZONE (NYSE: ARES) W/ ANNUAL INCREASES 1506 W 2nd St 20,976 SF Retail Building Odessa, TX 79763 $2,512,656 CAD ($119.79 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Lease Featuring Annual Rental Increases Throughout the Initial Term and Options. Priced Below Replacement Cost.
- Direct Access to Interstate 20 and Highway 385, Two Key Trucking Corridors Linking Odessa to Midland, El Paso, and Dallas–Fort Worth.
- Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
- Strategically Positioned Along West 2nd Street (I-20 BL) with Direct Access to Interstate 20, the Property Benefits from Strong Visibility.
- LubeZone’s Parent Company, Ares Management Corporation (NYSE: ARES), is a Global Alternative Investment Firm Managing over $525 Billion in Assets.
- Located in Odessa’s Permian Basin Energy Hub, which sees some of the Highest Diesel Consumption and Freight Movement in the U.S.
EXECUTIVE SUMMARY
LubeZone Truck Lube Center (NYSE: ARES) | Strategically Located on I-20 Business Loop | Annual Rental Increases | Direct Access to I-20 & 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
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
20,976 SF
Building Class
B
Year Built/Renovated
2000/2010
Price
$2,512,656 CAD
Price Per SF
$119.79 CAD
Cap Rate
8%
NOI
$201,050 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
1.38 AC
Zoning
EB6
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- LubeZone
- Retailer
- 20,976 SF
- -
- Double Net
- Dec 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| LubeZone | Retailer | 20,976 SF | - | Double Net | Dec 2028 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28400-02150-00000 | Improvements Assessment | $1,372,074 CAD |
| Land Assessment | $89,208 CAD | Total Assessment | $1,461,282 CAD |
PROPERTY TAXES
Parcel Number
28400-02150-00000
Land Assessment
$89,208 CAD
Improvements Assessment
$1,372,074 CAD
Total Assessment
$1,461,282 CAD
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LUBEZONE (NYSE: ARES) W/ ANNUAL INCREASES | 1506 W 2nd St
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