Auto Collision Center
For Sale
Contact for pricing
2381 Field Street, Odessa, TX 79761
Fee simple investment in a net-leased collision center with minimal landlord responsibilities and remaining primary term.
Property Size26,494 SF
Price / SF$180.42
Days on Market51
Property Features for 2381 Field Street
General Information
Standard status
Active
Size
26,494 SF
Property subtype
Retail
Building Details
Year Built
1973
Listing Agency:
JLL - Dallas | Cedar Springs, Texas
Listed By:
Caroline Pinkston · License #601565
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 3 at 3:00PM
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 JLL - Dallas | Cedar Springs, Texas
Investment Insights
Based on property information with market context.
JLL is offering the fee simple interest in a Caliber Collision property located at 2381 Field Street in Odessa, Texas. The asset is operated under a net lease described as having minimal landlord responsibilities. Based on the lease information provided, there are 2.3 years remaining in the primary lease term.
The lease structure includes 2% annual increases during the primary term and two separate five-year renewal options. This combination sets out a defined path through the remaining primary period and provides for potential extension through the renewal terms.
For investors, the appeal here is the net-leased nature of the agreement alongside the specific, contract-stated lease terms. With a national operator in place under the NN lease framework and scheduled annual increases in the primary term, the property offers a straightforward vehicle for ownership focused on lease duration and contractual rent escalations. The renewal options further provide additional time horizon should they be exercised, subject to the lease terms.
The lease structure includes 2% annual increases during the primary term and two separate five-year renewal options. This combination sets out a defined path through the remaining primary period and provides for potential extension through the renewal terms.
For investors, the appeal here is the net-leased nature of the agreement alongside the specific, contract-stated lease terms. With a national operator in place under the NN lease framework and scheduled annual increases in the primary term, the property offers a straightforward vehicle for ownership focused on lease duration and contractual rent escalations. The renewal options further provide additional time horizon should they be exercised, subject to the lease terms.
Key Highlights
- Fee simple interest in a Caliber Collision located at 2381 Field Street, Odessa, Texas
- Net lease with minimal landlord responsibilities
- 2.3 years of primary lease term remaining
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $461.0k | $17.40 |
| − Vacancy | −$39.2k | −$1.48 |
| EGI | $421.8k | $15.92 |
| − OpEx | −$126.5k | −$4.78 |
| NOI | $295.3k | $11.14 |
26,494 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$22.46M
$19.65M – $26.21M
NOI $1,572,313 @ 7.0% cap · market cap 32.89%
Second Best
Retail
$4.22M
$3.69M – $4.92M
NOI $295,268 @ 7.0% cap · market cap 6.18%
Theoretical Best
Flex RnD
$38.52M
$33.70M – $44.94M
NOI $2,696,142 @ 7.0% cap · market cap 56.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fee simple investment in a net-leased collision center with minimal landlord responsibilities and remaining primary term.
Where is this nnn property located?
The property is located at 2381 Field Street Odessa, TX.
What is the asking price?
The asking price for this property is $4,780,000.
What are key features of this property?
This property features: Fee simple interest in a Caliber Collision located at 2381 Field Street, Odessa, Texas; Net lease with minimal landlord responsibilities; 2.3 years of primary lease term remaining
