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2744 N County Rd W 3,846 SF Retail Building Odessa, TX 79764 $3,789,277 CAD ($985.25 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Long-Term Lease Stability (±7.59 Years Remaining): McAlister’s Deli operates under a 15-year lease (2019–2033)
- 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
- Strategic Retail Corridor Location: Positioned along N County Road W near Kermit Highway
- Scheduled Rental Increases: The lease includes contractual rent escalations during the primary term, increasing monthly rent from $14k to $16,940
- Freestanding Retail Asset: The Property consists of a 3,894-square-foot freestanding restaurant building
- Permian Basin Economic Hub: Located in Odessa, Texas, within the Permian Basin—one of the most productive oil-producing regions in the United States
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,846 SF
Building Class
C
Year Built
2012
Price
$3,789,277 CAD
Price Per SF
$985.25 CAD
Cap Rate
6.75%
NOI
$255,776 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.69 AC
Zoning
EB2
Frontage
150’ on County Rd
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 16500-00075-00000 | Improvements Assessment | $1,200,831 CAD |
| Land Assessment | $176,586 CAD | Total Assessment | $1,377,417 CAD |
Property Taxes
Parcel Number
16500-00075-00000
Land Assessment
$176,586 CAD
Improvements Assessment
$1,200,831 CAD
Total Assessment
$1,377,417 CAD
Contacts
-
John David Cobb -
Brandon Beeson -
Claire Schmeltekopf -
EDGE Realty Capital Markets
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2744 N County Rd W
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