6501 Interstate 20 Odessa, TX 79762

This exceptional investment opportunity presents a 12,500 square foot industrial property situated on a 9.42-acre lot in Odessa, Texas. The property boasts prime Interstate 20 frontage, offering excellent visibility and accessibility. Currently occupied by a single tenant under a Net Lease agreement, the property features two buildings constructed in 1967 and 2013, totaling 12,500 net rentable square feet. The lease commenced March 1, 2023, with a remaining term of approximately 1.3 years, and includes annual rent bumps of 3% and two 2-year extension options. The current monthly rent is $15,000, generating a substantial Net Operating Income (NOI) of $180,000 annually. The property is zoned FD - Future Development District, offering potential for future expansion or redevelopment. This Class C industrial property, with a 6.67% cap rate and an asking price of $2,700,000, represents a strong value proposition for investors seeking a stable, high-yield investment with significant upside potential. The property's location, tenant occupancy, and lease terms combine to create a compelling investment opportunity. The property address is 6501 E Interstate 20, Odessa, TX 79762. The APN is 17860.00010.00000.