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Caliber Collision - Odessa, TX 150 E 45th St 23,052 SF Retail Building Odessa, TX 79762 $4,875,000 ($211.48/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Zero landlord responsibilities - 15-year Absolute Triple Net (NNN) lease featuring 10% rental increases every 5 years throughout the initial term.
- Strong guarantor - corporately guaranteed by the nation’s largest auto collision repair provider, operating 1,800+ locations across 41 states.
- High-traffic corridor near Walmart, Lowe’s, H-E-B, Chick-fil-A, and Odessa College, ensuring strong daily consumer exposure.
- Brand new 2023 construction.
- Below-market rents of $12.63/SF (CoStar market rents est. $25.50-$30.00).
- Positioned in one of the most economically vital regions in the U.S., supported by 113K+ residents and $1.1B+ in consumer spending within 5 miles.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively present for sale a 23,052 SF Caliber Collision located at 150 E 45th St, Odessa, TX. The lease is corporately guaranteed and backed by a strong tenant, featuring 13+ years of base term remaining, 10% rent increases every five years, and an Absolute Triple Net (NNN) Lease structure, providing zero landlord responsibilities. This property offers a secure, long-term investment opportunity with a reliable income stream and strong growth potential.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
23,052 SF
Building Class
B
Year Built
2024
Price
$4,875,000
Price Per SF
$211.48
Cap Rate
5.85%
NOI
$285,005
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
1.71 AC
Zoning
Heavy Commercial - Heavy Commercial
AMENITIES
- Tenant Controlled HVAC
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Caliber Collision
- Retailer
- 23,052 SF
- $211.48
- Apr 2039
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Caliber Collision | Retailer | 23,052 SF | $211.48 | Apr 2039 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28610-01710-00000 | Improvements Assessment | $1,223,551 |
| Land Assessment | $263,535 | Total Assessment | $1,487,086 |
PROPERTY TAXES
Parcel Number
28610-01710-00000
Land Assessment
$263,535
Improvements Assessment
$1,223,551
Total Assessment
$1,487,086
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Caliber Collision - Odessa, TX | 150 E 45th St
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