Historical Retail Sale Listing - Family Dollar

Retail For Sale

This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Odessa, TX or Texas

Family Dollar

7523 West University Blvd, Odessa, TX 79764

N/A

7,892 SF | Retail

  • Print

Retail Property - Off Market

Price:
N/A
Building Size:
7,892 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
9 years left on lease
Cap Rate:
8.25%
Occupancy:
100%
No. Stories:
1
Tenancy:
Single
Year Built:
2003
Lot Size:
0.82 AC
Listing ID
17870527
Last Updated
over 1 year ago

Highlights

  • Corporate Guaranteed NN Lease with 9 Years Remaining on the Base Term
  • Family Dollar Extended its Lease Early, Through 2021, Showing its Commitment to the Location
  • 10% Rent Increases in each of the 4 - 5 Year Option Periods
  • "BBB-" Credit Rating by Standard & Poor's; $9B+ Revenue (ttm)
  • Odessa's Economy Benefits from the Oil/Gas Industry; 4.3% Unemployment Rate

Description

Family Dollar has operated a store at this Odessa location since 2003 and, in 2011, extended its corporate guaranteed NN lease early, through December 2021. 9 years remain on the base term and there are four five-year renewal options that include 10% rent bumps. Family Dollar is responsible for property taxes, insurance, utilities as well as interior and exterior maintenance items. The landlord is responsible for the roof, structure, foundation and parking lot.

Odessa is part of the Midland-Odessa MSA, which has a population greater than 266,000. This specific location on the West side of Odessa has a population base of more than 55,000 within 5 miles. And thanks to the area's healthy oil and gas industry, continued growth is expected as new permits are pulled for new housing and commercial development. West University Blvd is one of the city's heavily travelled secondary corridors and other retailers across the street include Autzone, Dollar General, Ace Hardware and Lowes Foods.

Map of 7523 West University Blvd, Odessa, TX 79764 (Ector County)

Research for 7523 West University Blvd, Odessa, TX 79764 (Ector County)

  • Demographics – Population, income & other demographics near 7523 West University Blvd
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building