Dollar General in Odessa, TX

2209 W 2nd St, Odessa, TX

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For Sale

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Dollar General in Odessa, TX with 8+ years remaining.

Type:RETAIL

Property size:

9,100 SF

Lot size:

0.91 Acres

Price / SF:

$139/SF

HighLights

Strong population demos – almost 100,000 residents within 5 miles
7% CAP Absolute NNN Lease Texas Dollar General
8+ years remaining on current term of lease
Lower price point location for Absolute NNN Lease Texas Dollar General
14,000+ VPD in front of subject property
Store built in 2017

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Listing Contact

Cody Crist

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For Sale

Contact for pricing

Dollar General in Odessa, TX with 8+ years remaining.

Type:RETAIL

Property size:

9,100 SF

Lot size:

0.91 Acres

Price / SF:

$139/SF

Added:: Jun 27, 2024
Days on Market:: 713
Last Refresh:: May 20 at 10:05 pm

Property Features for 2209 W 2nd St

General Information

Standard status: Active
Size: 9,100 SF
Lot size: 0.91 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Cody Crist

Listing agent Chance Hales License #TX 697980

Listing office Trinity Real Estate Investment Services - Corporate

Listing date Jun 27, 2024

Source Moodyscre

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 Trinity Real Estate Investment Services - Corporate

HighLights

Strong population demos – almost 100,000 residents within 5 miles
7% CAP Absolute NNN Lease Texas Dollar General
8+ years remaining on current term of lease
Lower price point location for Absolute NNN Lease Texas Dollar General
14,000+ VPD in front of subject property
Store built in 2017

Overview

This Dollar General property in Odessa, TX, presents an investment opportunity with an absolute NNN lease. Constructed in 2017, the property benefits from a strong local population, with approximately 100,000 residents within a 5-mile radius. The location experiences traffic volume of over 14,000 vehicles per day. The property offers a lower price point for an absolute NNN lease in Texas. The lease has over 8 years remaining on its current term.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$158.3k	$17.40
− Vacancy	−$13.5k	−$1.48
EGI	$144.9k	$15.92
− OpEx	−$43.5k	−$4.78
NOI	$101.4k	$11.14

9,100 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,417 @ 7.0% cap · market cap 7.98%

Second Best

—

no second resolved use

Theoretical Best

Flex RnD

$13.23M

$11.58M – $15.43M (±1% cap)

NOI $926,055 @ 7.0% cap · market cap 72.86%

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

Location Intelligence

Current Use by Public Records

Western Union Bank Dollar General Discount Store

Suggested Use

Similar Places Nearby

West Odessa Florist — 800 W 4th St, Odessa, TX 79763

Location Insight

Map
Local Demand

City: Odessa
County: Ector
State: Texas
Longitude: -102.392
Latitude: 31.8328

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What type of property is this?

Storefront property - Dollar General in Odessa, TX with 8+ years remaining.

Where is this storefront property located?

The property is located at 2209 W 2nd St Odessa, TX.

What is the asking price?

The asking price for this property is $1,271,085.

What are key features of this property?

This property features: Strong population demos – almost 100,000 residents within 5 miles; **7% CAP Absolute NNN Lease Texas Dollar General**; 8+ years remaining on current term of lease

2209 W 2nd St, Odessa, TX

Dollar General in Odessa, TX with 8+ years remaining.

Property Features for 2209 W 2nd St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Multi-Use Work-From-Home Property

Industrial Flex Workshop with Offices

Industrial Flex Property with Office

Odessa Commercial Property Near Hospital

Fully Leased Office Building

Odessa Office/Warehouse on 3.5 Acres

Industrial Property with Overhead Doors

Industrial Property with Overhead Doors

Office and Mechanic Shop Facility

Former Bank Building with Parking

Industrial Warehouse & Office Complex

Freestanding Retail & Office Building

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