Andrews Highway Auto Care
For Sale
Contact for pricing
2020 Andrews Hwy, Odessa, TX
Net leased auto care property with highway visibility and access.
Property Size12,624 SF
Lot Size1.82 Acres
Price / SF$247.97
Days on Market249
Property Features for 2020 Andrews Hwy
General Information
Standard status
Active
Size
12,624 SF
Lot size
1.82 Acres
Property subtype
RETAIL
Listing Agency:
SAB
(646) 809-8835
Listed By:
Michael Scali · License #REB.0793434
Source:
Moodyscre
Added: Dec 3, 2025
Changed: Aug 8
Last Checked: Aug 7 at 9:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAB
Investment Insights
Based on property information with market context.
This property features approximately 5 years remaining on a net lease, with 10% rental increases every five years and one 5-year option to renew. It benefits from excellent visibility and access on Andrews Highway, which has over 22,896 vehicles per day. The property is located near I-20 Business/2nd Street, with over 24,090 vehicles per day, and I-20, with over 74,098 vehicles per day. It is adjacent to Odessa College, which has 15,000 students, and near the University of Texas Permian Basin, with 7,100 students, and Permian High School, with 4,100 students. The property has direct access to I-20, a key artery serving Midland, Odessa, and the Permian Basin. A $424 million TxDOT highway expansion is underway through 2026. The property is leased to Firestone Complete Auto Care, which has over 1,820 locations nationwide and is backed by Bridgestone, the world’s largest tire and rubber company. The property size is 12,624 square feet.
Key Highlights
- Firestone Complete Auto Care (1,820+ Locations Nationwide) – Backed by Bridgestone
- Approximately 5 Years Remaining on Net Lease, with 10% Rental Increases Every Five Years
- Excellent Visibility & Access on Andrews Highway (22,896+ VPD)**, near major roadways
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$140,691
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,813,820
$2.8M
Cap Rate 7%
$2,009,871
$2.0M
Cap Rate 9%
$1,563,233
$1.6M
Market Conditions
NOI Build-Up for 12,624 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$219.7K $17.40/SF
− Vacancy
−$18.7K −$1.48/SF
EGI
$201.0K $15.92/SF
− OpEx
−$60.3K −$4.78/SF
NOI
$140.7K $11.14/SF
Area
Odessa, TX
Vacancy
8.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,813,820
Cap Rate 7%
$2,009,871
Cap Rate 9%
$1,563,233
Alternative Uses
Best Use
Industrial
$10.70M
$9.36M – $12.49M
NOI $749,184 @ 7.0% cap · market cap 23.93%
Second Best
Retail
$2.01M
$1.76M – $2.34M
NOI $140,691 @ 7.0% cap · market cap 4.49%
Theoretical Best
Flex RnD
$18.35M
$16.06M – $21.41M
NOI $1,284,672 @ 7.0% cap · market cap 41.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Automotive property - Net leased auto care property with highway visibility and access.
Where is this automotive property located?
The property is located at 2020 Andrews Hwy Odessa, TX.
What is the asking price?
The asking price for this property is $3,130,435.
What are key features of this property?
This property features: Firestone Complete Auto Care (1,820+ Locations Nationwide) – Backed by Bridgestone; Approximately 5 Years Remaining on Net Lease, with 10% Rental Increases Every Five Years; Excellent Visibility & Access on Andrews Highway (22,896+ VPD)**, near major roadways
