Single-Tenant Firestone Auto
2020 ANDREWS HWY, Odessa, TX 79761
For Sale
Contact for pricing
Net-leased automotive service property with a recently extended lease and additional renewal options.
Property Size12,624 SF
Price / SF$228.14
Days on Market134
Property Features for 2020 ANDREWS HWY
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Building Details
Year Built
Stories
Units
Tenancy
Listing Agency:
SAB Capital
Listed By:
Asher Wenig · License #10301219652
(847) 571-3999
Source:
Crexi
Added: Jun 29
Changed: Nov 8
Last Checked: Nov 8 at 7:25AM
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 Capital
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12,624-square-foot auto shop is operated by Firestone as a single-tenant automotive service property. Firestone has operated at the location for over 35 years, providing an established operating history for the asset.
The property is secured by a double-net lease with a recently executed 10-year extension. The lease includes three remaining 5-year options, each carrying 10% rental increases. The combination of a long operating history, extended lease term, and defined renewal options supports a straightforward single-tenant net-lease profile.
The property is secured by a double-net lease with a recently executed 10-year extension. The lease includes three remaining 5-year options, each carrying 10% rental increases. The combination of a long operating history, extended lease term, and defined renewal options supports a straightforward single-tenant net-lease profile.
Key Highlights
- 12,624‑square‑foot single‑tenant auto shop
- Firestone has operated at the location for over 35 years
- Double‑net (NN) lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$140,691
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$2,813,820
Cap Rate 7%
$2,009,871
Cap Rate 9%
$1,563,233
Alternative Uses
Best Use
Retail
$2.01M
$1.76M – $2.34M
NOI $140,691 @ 7.0% cap · market cap 4.89%
Second Best
Industrial
$928.7K
$812.6K – $1.08M
NOI $65,009 @ 7.0% cap · market cap 2.26%
Theoretical Best
Office A
$3.21M
$2.81M – $3.74M
NOI $224,602 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Odessa, TX
Properties on Market for Auto shops in Odessa
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Same Day Auto — 9055 w albert dr, odessa, tx 79764
- Jr's Tire Repair Shop — 1100 N Grant Ave, Odessa, TX 79761
- Tatum Battery & Electric — 803 N Muskingum Ave, Odessa, TX 79761
- Danny's Body Shop Inc — 1306 N Grant Ave, Odessa, TX 79761
- Advanced Automotive — 107 E 12th St, Odessa, TX 79761
Frequently Asked Questions
What type of property is this?
Auto shop - Net-leased automotive service property with a recently extended lease and additional renewal options.
Where is this auto shop located?
The property is located at 2020 ANDREWS HWY Odessa, TX.
What is the asking price?
The asking price for this property is $2,880,000.
What are key features of this property?
This property features: 12,624‑square‑foot single‑tenant auto shop; Firestone has operated at the location for over 35 years; Double‑net (NN) lease structure
