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7 Brew Coffee 3838 Andrews Hwy 510 SF Retail Building Odessa, TX 79762 $1,750,000 ($3,431.37/SF) 6% Cap Rate
Investment Highlights
- 2023 Construction. 510+/- SF Building on 0.55+/- Acre Site
- Catty-Corner to the Ector County Coliseum, the Primary Event Space for Sporting Events, Concerts, Fairs, and Rodeos in Odessa
- Unlike Most Coffee Chains, 7 Brew’s Unique Business Model Centers Solely on Drive-Thru Business and sees over $2.4M in Annual Revenue
- Located on the Major Intersection of Andrews Highway (23,800+ VPD) and E 42nd Street (32,600+ VPD)
- 3 Miles from University of Texas Permian Basin (7,628 Students) & 1.5 miles from Permian Basin High School (3,621 Students)
- Odessa | Part of the Midland-Odessa MSA | Population: 338,085+
Executive Summary
Brand New 15-Year Absolute NNN Ground Lease w/ 10% Rental Increases Every 5 Years & (4) 5-Year Options to Renew
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
510 SF
Building Class
C
Year Built
2023
Price
$1,750,000
Price Per SF
$3,431.37
Cap Rate
6%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.55 AC
Zoning
ED4
Frontage
144’ on Andrews Hwy
Nearby Major Retailers
Property Taxes
| Parcel Number | 17600-00010-00000 | Improvements Assessment | $95,889 |
| Land Assessment | $102,204 | Total Assessment | $198,093 |
Property Taxes
Parcel Number
17600-00010-00000
Land Assessment
$102,204
Improvements Assessment
$95,889
Total Assessment
$198,093
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7 Brew Coffee | 3838 Andrews Hwy
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