808 Maple Ave Odessa, TX 79761
- Retail properties
- 20,071 SF
- 1.76 lot acres
Current Use by Public Records
- Dollar Tree / Kitchen Supply Store / Party Store
Property Details for 808 Maple Ave
- Lot size
- 1.76 lot acres
- Property size
- 20,071 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 20,071 square foot Dollar Tree store in Odessa, Texas, situated on a 1.76-acre lot at 808 Maple Ave, 79761. The property boasts a strong 7.25% cap rate and a substantial NOI of $240,852, supported by a 10-year net lease (NN+) commencing February 1, 2025, and expiring January 31, 2035. The lease includes rent bumps and is backed by a corporate guarantee from Dollar Tree, Inc., a Fortune 200 company. This prime retail location benefits from high visibility on Maple Ave, near major intersections and significant population centers including the University of Texas Permian Basin and Medical Center Hospital. The store's strategic location, coupled with Dollar Tree's established brand recognition and essential retail offerings, ensures consistent customer traffic and strong sales potential. Recent upgrades, including added refrigerated and frozen storage, further enhance revenue opportunities. The property's strong demographic and economic fundamentals, within a five-mile radius of over 106,000 residents, provide a solid foundation for long-term investment stability. This is a 1031 exchange eligible property.
Value Estimation
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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
- -102.358
- Latitude
- 31.8583
