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2020 Andrews Hwy
Odessa, TX 79761
Firestone Complete Auto Care · Retail Property For Sale
Investment Highlights
- Recent Lease Extension | Firestone recently extended its lease through March 31, 2036, demonstrating long-term commitment to the location.
- High-Visibility Infill Location | Located along Andrews Highway (~20,000 VPD) with immediate access to Interstate 20 (~74,000 VPD)
- Purpose-Built Automotive Facility | ±12,624 SF building on 1.83 acres with 7-bay service configuration. Functional layout tailored to automotive use
- Investment-Grade Tenant (S&P: A- | Moody’s: A3) | The lease is backed by Bridgestone Corporation, an investment-grade rated global operator
- Strategic Position Within the Permian Basin | Odessa sits at the center of the Permian Basin, one of the most productive energy regions globally
- Below Replacement Cost Basis | Low basis relative to replacement cost with C-2 (Light Commercial) zoning
Executive Summary
SAB Capital is pleased to present the exclusive offering of a single-tenant, net-leased Firestone Complete Auto Care located in Odessa, Texas. The property is leased to Bridgestone Retail Operations, LLC, a subsidiary of Bridgestone Corporation (S&P: A- / Moody’s: A3), and features a recently executed long-term lease extension through March 31, 2036, demonstrating the tenant’s commitment to the location. The lease provides approximately 10 years of remaining term with 10% rental increases every five years and three additional five-year renewal options, offering durable, growing cash flow.
The asset consists of a ±12,624 square foot, purpose-built automotive service facility situated on 1.83 acres, featuring a functional 7-bay service configuration and strong frontage along Andrews Highway. The property benefits from its location within the Permian Basin, one of the most active energy-producing regions in the United States, supporting a stable workforce base and consistent demand for necessity-based automotive services.
Offered fee simple, the investment provides secure, credit-backed income with embedded rent growth, long-term tenant commitment, and covered land characteristics supported by favorable C-2 zoning, allowing for future flexibility and long-term residual value.
The asset consists of a ±12,624 square foot, purpose-built automotive service facility situated on 1.83 acres, featuring a functional 7-bay service configuration and strong frontage along Andrews Highway. The property benefits from its location within the Permian Basin, one of the most active energy-producing regions in the United States, supporting a stable workforce base and consistent demand for necessity-based automotive services.
Offered fee simple, the investment provides secure, credit-backed income with embedded rent growth, long-term tenant commitment, and covered land characteristics supported by favorable C-2 zoning, allowing for future flexibility and long-term residual value.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,624 SF
Building Class
C
Year Built
1959
Price
$4,563,720 CAD
Price Per SF
$361.51 CAD
Cap Rate
5.50%
NOI
$251,005 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.83 AC
Zoning
C-2 - Light Commercial District
Parking
11 Spaces (0.87 Spaces per 1,000 SF Leased)
Frontage
200’ on Andrews Hwy
Property Taxes
| Parcel Number | 12300-00410-00000 | Improvements Assessment | $504,151 CAD |
| Land Assessment | $323,665 CAD | Total Assessment | $827,815 CAD |
Property Taxes
Parcel Number
12300-00410-00000
Land Assessment
$323,665 CAD
Improvements Assessment
$504,151 CAD
Total Assessment
$827,815 CAD
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