NNN Restaurant
New
For Sale
$5,142,857
4536 E University Blvd, Odessa, TX 79762
A freestanding dining asset is occupied under a corporate-guaranteed triple-net lease.
Property Size7,552 SF
Lot Size1.38 Acres
Price / SF$680.99
Days on Market2
Property Features for 4536 E University Blvd
General Information
Standard status
Active
Size
7,552 SF
Lot size
1.38 Acres
Property subtype
Restaurant
Lease Type
NNN
Net Operating Income
$450,000
Additional Details
Cap Rate
8.75%
Tenant in Place
Yes
Amenities
Corporate-Guaranteed NNN Lease | Zero Landlord Responsibilities
±13 Years Remaining Through July 2039 | Four 5-Yr Options
2% Annual Rent Increases
Freestanding ±7,552 SF Building on ±1.38 AC
Neighbors Include Hobby Lobby, Ace Hardware, Wendy's, Sonic, and IHOP
Odessa MSA: 24.1% Growth Since 2010 | Permian Basin Energy Hub
56,627 Residents and $110,725 AHI Within 3 Miles
Building Details
Building Size
7,552 SF
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
Listed By:
Jason Fefer · License #License(s): CA: 02100489
(310) 909-2394
Source:
Marcusmillichap
Added: Oct 24
Last Checked: Oct 24 at 3:16PM
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 Marcus & Millichap - Los Angeles
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The freestanding restaurant contains 7,552 square feet on a 1.38-acre parcel at 4536 E University Blvd in Odessa. Red Lobster occupies the building under a corporate-guaranteed NNN lease. Four five-year renewal options could extend occupancy through 2059.
The property is positioned along East University Boulevard, with reported traffic of ±16,529 vehicles per day, and near Parkway Boulevard, with ±28,809 vehicles per day. Nearby businesses include Hobby Lobby, Ace Hardware, Wendy's, Sonic and IHOP. The University of Texas Permian Basin, Odessa College and Permian High School are also identified as area demand drivers, with enrollments of 5,976, 9,981 and 4,138 students, respectively.
The property is positioned along East University Boulevard, with reported traffic of ±16,529 vehicles per day, and near Parkway Boulevard, with ±28,809 vehicles per day. Nearby businesses include Hobby Lobby, Ace Hardware, Wendy's, Sonic and IHOP. The University of Texas Permian Basin, Odessa College and Permian High School are also identified as area demand drivers, with enrollments of 5,976, 9,981 and 4,138 students, respectively.
Key Highlights
- 7,552‑square‑foot freestanding restaurant on ±1.38 acres
- Red Lobster occupancy under a corporate‑guaranteed NNN lease
- Four five‑year renewal options, with potential occupancy through 2059
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 79762, TX
40,253
Population
17,259
Households
2.3
Avg Household Size
34
Median Age
22%
College-Educated
87%
High-School Grad
30.5 sq mi
ZIP Area
1,320
Density / Sq Mi
$74,560
Median Household Income
$45,151
Median Earnings
$1,338
Median Rent
$218,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - A freestanding dining asset is occupied under a corporate-guaranteed triple-net lease.
Where is this nnn property located?
The property is located at 4536 E University Blvd Odessa, TX.
What is the asking price?
The asking price for this property is $5,142,857.
What are key features of this property?
This property features: 7,552‑square‑foot freestanding restaurant on ±1.38 acres; Red Lobster occupancy under a corporate‑guaranteed NNN lease; Four five‑year renewal options, with potential occupancy through 2059
