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LUBEZONE (NYSE: ARES) W/ ANNUAL INCREASES 1506 W 2nd St 20,976 SF Retail Building Odessa, TX 79763 $1,800,000 ($85.81/SF) 8% Cap Rate
Investment Highlights
- Corporate Lease Featuring Annual Rental Increases Throughout the Initial Term and Options. Priced Below Replacement Cost.
- Direct Access to Interstate 20 and Highway 385, Two Key Trucking Corridors Linking Odessa to Midland, El Paso, and Dallas–Fort Worth.
- Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
- Strategically Positioned Along West 2nd Street (I-20 BL) with Direct Access to Interstate 20, the Property Benefits from Strong Visibility.
- LubeZone’s Parent Company, Ares Management Corporation (NYSE: ARES), is a Global Alternative Investment Firm Managing over $525 Billion in Assets.
- Located in Odessa’s Permian Basin Energy Hub, which sees some of the Highest Diesel Consumption and Freight Movement in the U.S.
Executive Summary
LubeZone Truck Lube Center (NYSE: ARES) | Strategically Located on I-20 Business Loop | Annual Rental Increases | Direct Access to I-20 & Hwy 385 | Near Odessa Motor Freight Terminal & Union Pacific Rail Yard | Core Trucking Corridor for West Texas Logistics | Densely Populated Area | Located in the Permian Basin Energy Hub | Surrounded by National Industrial & Fuel Tenants
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
20,976 SF
Building Class
B
Year Built/Renovated
2000/2010
Price
$1,800,000
Price Per SF
$85.81
Cap Rate
8%
NOI
$144,027
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
1.38 AC
Zoning
LI - Light Industrial
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- LubeZone
- Retailer
- 20,976 SF
- -
- Double Net
- Dec 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| LubeZone | Retailer | 20,976 SF | - | Double Net | Dec 2028 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 28400-02150-00000 | Improvements Assessment | $978,208 |
| Land Assessment | $63,600 | Total Assessment | $1,041,808 |
Property Taxes
Parcel Number
28400-02150-00000
Land Assessment
$63,600
Improvements Assessment
$978,208
Total Assessment
$1,041,808
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LUBEZONE (NYSE: ARES) W/ ANNUAL INCREASES | 1506 W 2nd St
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