Log In/Sign Up
Your email has been sent.
ADVANCE AUTO PARTS | RECENT LEASE EXTENSION 2763 N County Rd W 11,223 SF Retail Building Odessa, TX 79764 $2,924,879 CAD ($260.61 CAD/SF) 6% Cap Rate
Investment Highlights
- Long Term Absolute Net Lease (Zero Landlord Obligations) Featuring 10% Rental Increases throughout the Initial Term and Options.
- Advance Auto Parts is strategically located at the signalized, hard corner intersection of State Highway 450 and North County Road.
- Densely Populated Area: Features more than 107k People Residing within a 5-Mile Radius and 63k Employees Support the Trade Area.
- Recent Lease Extension and 35+ Year Historical Occupancy Demonstrating Strong Commitment to the Location.
- Advance Auto Parts (NYSE: AAP) has a S&P Credit Rating of “BB+” and is Ranked #358 on the Fortune 500 List w/ an Annual Revenue of more than $9.09 B.
- Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
Executive Summary
Absolute Net Lease | Recent 10- Year Lease Extension | Hub Location for the Area | 35+ Year Historical Occupancy | Near Odessa College & New Tech Odessa | S&P “BB+” Credit Rating | Minutes from Airport | Adjacent to United Supermarkets | Densely Populated Area
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,223 SF
Building Class
B
Year Built
1989
Price
$2,924,879 CAD
Price Per SF
$260.61 CAD
Cap Rate
6%
NOI
$175,374 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.71 AC
Zoning
HC - Heavy Commercial District
Parking
63 Spaces (5.61 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Freeway Visibility
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Advance Auto Parts
- Retailer
- 11,223 SF
- -
- Triple Net
- May 2034
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Advance Auto Parts | Retailer | 11,223 SF | - | Triple Net | May 2034 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 13600-02327-00000 | Improvements Assessment | $521,878 CAD |
| Land Assessment | $153,640 CAD | Total Assessment | $675,518 CAD |
Property Taxes
Parcel Number
13600-02327-00000
Land Assessment
$153,640 CAD
Improvements Assessment
$521,878 CAD
Total Assessment
$675,518 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
ADVANCE AUTO PARTS | RECENT LEASE EXTENSION | 2763 N County Rd W
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.