1364 E 8Th St Odessa, TX 79761
New 15-year NNN lease with rental increases in Odessa, Texas.
Building Details
- Year built
- 2024
Source:
Farislee
Listing Agent: Tyler Strauss
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Dual Drive-Thru 7 Brew
This commercial property in Odessa, Texas, features a new, dual drive-thru 7 Brew Coffee. The property benefits from its location with frontage and access to 8th Street, which experiences traffic volume of over 32,000 vehicles per day. 7 Brew Coffee opened in July 2024, operating under a new 15-year absolute NNN ground lease that includes 10% rental increases every 5 years. The property is positioned on a corner parcel adjacent to a grocery center and a 67,000 square foot business plaza. The United Grocery Supermarket attracts approximately 760,000 visitors annually. The ICA Business Plaza features a mix of tenants, including medical and financial services. The property is located near major regional medical centers and large high schools. The surrounding area has over 108,000 residents within a 5-mile radius. Odessa, Texas, has experienced approximately 5.0% population growth since 2020 and is projected to have over 215,000 residents by 2040. The Midland-Odessa region supplies 40% of all U.S. oil. The property's lease structure requires zero landlord responsibilities.
Location Intelligence
Current Use by Public Records
7 Brew Coffee
Cafe & Coffee Shop
ALON
Gas Station
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.356977
- Latitude
- 31.857601
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FAQs
What type of property is this?
Drive through restaurant - New 15-year NNN lease with rental increases in Odessa, Texas.
Where is this drive through restaurant located?
The property is located at 1364 E 8Th St Odessa, TX.
What are key features of this property?
This property features: - Brand new 15-year Absolute NNN ground lease with zero landlord responsibilities, providing passive income.; - 10% rental increases every 5 years, offering a hedge against inflation.; - New construction, dual drive-thru 7 Brew Coffee, a popular and growing brand.
