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Investment Highlights

  • Cap: 10.71% | Lease Expiration: 12/31/2029
  • Central Heating & Air
  • Large Showroom, 4 Offices
  • Foam Insulated Shop

Executive Summary

NRG Realty Group has been selected to exclusively market the opportunity to acquire the Giant Oil Tools property in Odessa, Texas featuring a 9,618 SF building on 2.29 acres exclusively leased to Giant Oil Tools. The lease runs through 12/31/2029 and features 3% annual increases and a triple net lease structure. The property is conveniently located between Hwy 80 & Interstate 20 off of SCR 1290 which runs over the railroad and to I-20.
This property boosts a five drive-in bay shop on 2.29 Acres in Midland, TX. The 3,593 SF office is setup as a large showroom with a break room, four private offices, and two restrooms all with central heating & air. The shop is foam insulated featuring (5) 16' overhead doors and 3-Phase power with 50 amp service between each door. Serviced by water well and septic system. Site is fully fenced and stabilized with caliche.

Property Facts

Price $1,400,000
Price Per SF $145.56
Sale Type Investment
Cap Rate 10.71%
Property Type Industrial
Lot Size 2.29 AC
Rentable Building Area 9,618 SF
No. Stories 1
Year Built 2023
Tenancy Single
Clear Ceiling Height 17’
No. Drive In / Grade-Level Doors 5
Zoning Outside City Limits

Utilities

  • Water - Well
  • Sewer - Septic Field

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Giant Oil Tools
  • Mining, Quarrying, and Oil and Gas Extraction
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Giant Oil Tools Mining, Quarrying, and Oil and Gas Extraction 99,999 SF - Lorem Ipsum Jan 0000
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
R000007-876
Land Assessment
$68,580
Improvements Assessment
$1,227,750
Total Assessment
$1,296,330
  • Listing ID: 41476713

  • Date on Market: 7/29/2026

  • Last Updated:

  • Address: 3927 S County Road 1290, Odessa, TX 79765

Contact the Sale Advisor

Investment Sale: Giant Tools USA, 10.71% Cap | 3927 S County Road 1290

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