3838 Andrews Hwy Odessa, TX

Listing Agency: Secure Net Lease - Dallas Show Phone

Listed By: Kyle Varni · License #707940 Show Phone

Source: Moodyscre

Added: May 7, 2025 Changed: Jul 6 Last Checked: Jul 21 at 4:51AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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

Property Analytics

Property Profile Location Intelligence

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Similar Off Market Nearby

• Boba Cup / Fried Rice Express — 3760 Andrews Hwy, Odessa, TX 79762
• 7 Brew Coffee — 3838 Andrews Hwy, Odessa, TX 79762
• Aguas Locas - La Michoacana Odessa — 2904 andrews hwy, odessa, tx 79762
• Peaches & Beaches Espresso — 3826 andrews hwy, odessa, tx 79762

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