Current Use by Public Records
- Dollar Tree / Discount Store
Property Details for 451 Moss Ave
- Year built
- 2024
- Lot size
- 1.03 lot acres
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,000-square-foot Dollar Tree store in Odessa, Texas. Built in 2024, the property boasts a 9.3-year remaining lease term (commencing January 1, 2024, and expiring February 27, 2034) with a corporate guarantee from Dollar Tree Stores, Inc. The property generates a strong net operating income (NOI) of $135,900, resulting in an attractive 7.35% cap rate. Priced at $1,848,980 ($184.90/sq ft), this single-tenant, net-lease property offers a secure investment with built-in rent bumps every five years. Located on a 1.03-acre lot at 451 S Moss Ave, Odessa, TX 79763, the store benefits from a robust local customer base, exceeding 32,000 residents within a 5-mile radius, and impressive population growth of 50% over the past 13 years in the same area. The tenant is fully responsible for HVAC maintenance and replacement. Six, five-year lease options are available. This property represents a compelling opportunity to acquire a high-performing, low-maintenance retail asset in a rapidly growing market. The property is 100% occupied.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Odessa
- County
- Ector
- State
- Texas
- Longitude
- -102.485
- Latitude
- 31.8061
