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    3838 Andrews Hwy Odessa, TX 79762

    For Sale
    $1,750,000

    New construction drive-thru coffee shop with long-term NNN lease.

    Property size:
    510 SF
    Lot size:
    0.53 Acres

    Property Features for 3838 Andrews Hwy

    General Information

    Size
    510 SF
    Lot size
    0.53 Acres

    Source: Secure Net Lease - Dallas Agent Kyle Varni

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Drive-Thru Investment Opportunity

    This property, constructed in 2023, features a 510-square-foot building on a 0.55-acre site. It is subject to a brand new 15-year absolute NNN ground lease that includes 10% rental increases every 5 years and four 5-year options to renew. The property is located at the major intersection of Andrews Highway, which sees over 23,800 vehicles per day, and E 42nd Street, which sees over 32,600 vehicles per day. It is catty-corner to the Ector County Coliseum, the primary event space for sporting events, concerts, fairs, and rodeos in Odessa. The property is also located 3 miles from the University of Texas Permian Basin, which has 7,628 students, and 1.5 miles from Permian Basin High School, which has 3,621 students. The property is currently leased to 7 Brew, whose business model centers solely on drive-thru business and sees over $2.4M in annual revenue.
    Insight Report Location Intelligence

    Current Use by Public Records

    Coliseum Food Plaza ... Convenience Store Coinsource Bitcoin ATM Atm 7 Brew Coffee Coffee Shop ATM (Coliseum Food ... Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Boba Cup / Fried Rice Express, 7 Brew Coffee, Aguas Locas - La Michoacana Odessa, Peaches & Beaches Espresso

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.384018
    Latitude
    31.881117

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    FAQs

    What type of property is this?
    Coffee shop - New construction drive-thru coffee shop with long-term NNN lease.
    Where is this coffee shop located?
    The property is located at 3838 Andrews Hwy Odessa, TX.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - 15-year absolute NNN ground lease with 10% rental increases every 5 years and (4) 5-year options to renew; - Located on the major intersection of Andrews Highway (23,800+ VPD) and E 42nd Street (32,600+ VPD); - 2023 construction
    (469) 694-4189
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    3838 Andrews Hwy Odessa, TX 79762
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    Odessa, TX 79762
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3838 Andrews Hwy Odessa, TX 79762
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