4001 N Grandview Ave Odessa, TX
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New construction NNN ground lease near major retailers and schools.
Type:RETAIL
Property size:
510 SFLot size:
0.46 AcresPrice / SF:
$3,219/SF- Added:
- Apr 29, 2024
- Days on Market:
- 726
- Last Refresh:
- Apr 5 at 11:19 pm
Property Features for 4001 N Grandview Ave
General Information
- Standard status
- Active
- Size
- 510 SF
- Lot size
- 0.46 Acres
- Property subtype
- RETAIL
Listing agent Kyle Varni (469) 694-4189
Listing office Secure Net Lease - Dallas (469) 694-4189
Listing date Apr 29, 2024
Source Moodyscre
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Overview
New Drive-Thru Investment Opportunity
This newly constructed property, completed in 2023, features a 510 square foot building situated on a 0.51 acre site. The property is operating as a high-performing drive-thru coffee shop with an absolute NNN ground lease that includes 10% rental increases every 5 years. The location benefits from its proximity to the intersection of 42nd Street and Grandview Avenue, which sees a combined daily traffic volume of over 72,000 vehicles. It is also within walking distance of Permian High School, with an enrollment of 3,621 students, and The University of Texas Permian Basin, with 7,628 students. The property is positioned near national retailers, including Target, H-E-B, Chipotle, Chick-Fil-A, Walgreens, and PetSmart. The business model centers solely on drive-thru service and sees over $2.4M in annual revenue. The property is located in Odessa, which is part of the Midland-Odessa MSA, with a population of 388,085.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
7 Brew Coffee
Cafe & Coffee Shop
Similar Places Nearby
- Starbucks — 2016 E 42nd St, Odessa, TX 79762
- Coffee Energy Services — 3715 Boulder Ave, Odessa, TX 79762
- 7 Brew Coffee — 4001 N Grandview Ave, Odessa, TX 79762
- Cafe de Luna — 3952 E 42nd St ste S, Odessa, TX 79762
- Bahama Buck's - Odessa (N Grandview Avenue) — 4230 N Grandview Ave, Odessa, TX 79762
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.352
- Latitude
- 31.8884
Nearby Similar for Sale
FAQs
What type of property is this?
Coffee shop - New construction NNN ground lease near major retailers and schools.
Where is this coffee shop located?
The property is located at 4001 N Grandview Ave Odessa, TX.
What is the asking price?
The asking price for this property is $1,642,000.
What are key features of this property?
This property features: High Performing Absolute NNN Ground Lease with 10% Rental Increases Every 5 Years; Located Near **High‑Traffic Intersection: 72,000+ Combined VPD**; New 2023 Construction
