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2020 Andrews Hwy
Odessa, TX 79761
Firestone Complete Auto Care · Commerce de détail Propriété À vendre


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Faits saillants de l'investissement
- 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
Résumé de l'annonce
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.
Faits sur la propriété
Type de vente
Investissement
Condition de vente
1031 Échange
Type de propriété
Commerce de détail
Sous-type de propriété
Réparation automatique
Taille du bâtiment
12 624 pi²
Classe d’immeuble
C
Année de construction
1959
Prix
4 381 764 $ CAD
Prix par pi²
347,10 $ CAD
Taux de capitalisation
5,75%
Revenu net d’exploitation
251 951 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,16
Taille du lot
1,83 AC
Zonage
C-2 - Light Commercial District
Stationnement
11 places (0,87 places par 1 000 pi² loué)
Façade
200’ sur Andrews Hwy
Impôts fonciers
| Numéro de lot | 12300-00410-00000 | Évaluation des bâtiments | 504 151 $ CAD |
| Évaluation du terrain | 323 665 $ CAD | Évaluation totale | 827 815 $ CAD |
Impôts fonciers
Numéro de lot
12300-00410-00000
Évaluation du terrain
323 665 $ CAD
Évaluation des bâtiments
504 151 $ CAD
Évaluation totale
827 815 $ CAD
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