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United Supermarkets: Odessa, TX 2751 W County Rd 61,955 SF Retail Building Odessa, TX 79764 $18,026,665 CAD ($290.96 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Proximate to Planet Fitness, Advance Auto Parts, Dollar General, Walgreens, McDonald’s, Dickey’s Barbecue Pit, McAlister’s Deli, etc.
- 7.5 MSF of retail, 2.7 MSF of office, 12.2 MSF of industrial, 8,700+ multifamily units, and 2,940 hotel rooms within 5 miles.
Executive Summary
Absolute NNN Lease: United Supermarkets’ absolute NNN lease features ±4.5 years of term remaining with six, 5-year renewal options.
Location & Accessibility: United Supermarkets is positioned on a hard corner at the signalized intersection of North County Road West (16,300 VPD) and West University Boulevard (27,540 VPD), where it is a mile east of TX-302 (25,250 VPD).
Strategic Location: The property is proximate to Planet Fitness, Advance Auto Parts, Dollar General, Walgreens, McDonald’s, Dickey’s Barbecue Pit,
McAlister’s Deli, Jack in the Box, and Firestone Complete Auto Care.
Retail & Commercial Corridor: United Supermarkets is surrounded by 7.5 MSF of retail, 2.7 MSF of office, 12.2 MSF of industrial, 8,700+ multifamily units, and 2,940 hotel rooms within a 5-mile radius. Major retailers in the vicinity include Walmart Supercenter, H-E-B, Harbor Freight, Boot Barn, Ollie’s Bargain Outlet, O’Reilly Auto Parts, CVS, Dollar Tree, Chick-fil-A, and Whataburger, among others.
Location & Accessibility: United Supermarkets is positioned on a hard corner at the signalized intersection of North County Road West (16,300 VPD) and West University Boulevard (27,540 VPD), where it is a mile east of TX-302 (25,250 VPD).
Strategic Location: The property is proximate to Planet Fitness, Advance Auto Parts, Dollar General, Walgreens, McDonald’s, Dickey’s Barbecue Pit,
McAlister’s Deli, Jack in the Box, and Firestone Complete Auto Care.
Retail & Commercial Corridor: United Supermarkets is surrounded by 7.5 MSF of retail, 2.7 MSF of office, 12.2 MSF of industrial, 8,700+ multifamily units, and 2,940 hotel rooms within a 5-mile radius. Major retailers in the vicinity include Walmart Supercenter, H-E-B, Harbor Freight, Boot Barn, Ollie’s Bargain Outlet, O’Reilly Auto Parts, CVS, Dollar Tree, Chick-fil-A, and Whataburger, among others.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
61,955 SF
Building Class
B
Year Built
1985
Price
$18,026,665 CAD
Price Per SF
$290.96 CAD
Cap Rate
7.50%
NOI
$1,352,000 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.26
Lot Size
5.57 AC
Zoning
HC - Heavy Commercial
Parking
314 Spaces (5.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13600-02322-00000 | Improvements Assessment | $1,852,620 CAD |
| Land Assessment | $514,945 CAD | Total Assessment | $2,367,565 CAD |
Property Taxes
Parcel Number
13600-02322-00000
Land Assessment
$514,945 CAD
Improvements Assessment
$1,852,620 CAD
Total Assessment
$2,367,565 CAD
Contacts
-
Thomas Carr -
Christopher Bosworth -
Brian Pfohl -
Chris Cozby -
Abby Kelly -
Leah Lindell -
Katie Goldberg -
CBRE
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United Supermarkets: Odessa, TX | 2751 W County Rd
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