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1506 W 2nd St
Odessa, TX 79763

$1,800,000 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 8.00 %
  • Tenancy Single
  • Zoning EB6
0 Transit Score
33 Walk Score

Highlights

Corporate Lease Featuring Annual Rental Increases Throughout the Initial Term and Options. Priced Below Replacement Cost.
Strategically Positioned Along West 2nd Street (I-20 BL) with Direct Access to Interstate 20, the Property Benefits from Strong Visibility.
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.
Located in Odessa’s Permian Basin Energy Hub, which sees some of the Highest Diesel Consumption and Freight Movement in the U.S.
Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
LubeZone 20,976 SF 12/16/2028

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