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1506 W 2nd St
Odessa, TX 79763

$1,796,832 USD

Auto Repair For Sale  •  20,976 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 20,976 SF
  • Lot Size 1.38 AC
  • Building Class B
  • Year Built 2000
  • Cap Rate 7.04 %
  • Tenancy Single
  • Zoning LI
40 Walk Score

Highlights

Corporate NNN Lease Featuring 10% Rental Increases Throughout the Initial Term and Options. Priced Below Replacement Cost.
Highly Functional Facility - Features 6 Drive-In Service Bays. Recent Lease Extension through 2037, Signaling Long-Term Commitment to the Location.
Direct Access to Interstate 20 and Highway 385, Two Key Trucking Corridors Linking Odessa to Midland, El Paso, and Dallas–Fort Worth.
LubeZone’s Parent Company, Ares Management Corporation (NYSE: ARES), is a Global Alternative Investment Firm Managing over $525 Billion in Assets.
Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
Bonus Depreciation - Significant Tax Benefits: Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Cap Rate: 7.04 %

Major Tenants

Tenant SF Occupied Lease End Date
LubeZone 20,976 SF 3/31/2037

Public Transportation

AirportDriveWalkDistance
Midland International Air And Space Port 20 min - 13.1 mi
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap
Alvin Mansour 858-373-3184 The Mansour Group of Marcus & Millichap