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    4001 N Grandview Ave Odessa, TX 79762

    For Sale
    $1,642,000

    New construction NNN ground lease near major retailers and schools.

    Property size:
    510 SF
    Lot size:
    0.46 Acres

    Property Features for 4001 N Grandview Ave

    General Information

    Size
    510 SF
    Lot size
    0.46 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 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.
    Location Intelligence

    Current Use by Public Records

    7 Brew Coffee Coffee Shop

    Suggested Use

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

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

    Similar Places Nearby

    Starbucks, Coffee Energy Services, 7 Brew Coffee, Cafe de Luna, Bahama Buck's - Odessa (N Grandview Avenue)

    Location Insight

    • Map
    • Local Demand
    City
    Odessa
    County
    Ector
    State
    Texas
    Longitude
    -102.351777
    Latitude
    31.888419

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    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
    (469) 694-4189
    Request Owner's contact information
    4001 N Grandview Ave 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
    4001 N Grandview Ave Odessa, TX 79762
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