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Cricket Wireless 4210 Andrews Hwy 1,878 SF Retail Building Odessa, TX 79762 $1,414,000 ($752.93/SF) 7% Cap Rate
Investment Highlights
- New 7-Year Absolute NNN Lease
- Signalized Hard Corner Location in a High Traffic Area, Visible by 49,000+ Cars per Day Along W 42nd St and Andrews Hwy
- 125,212 Residents within a 5-Mile Radius - Projected to Increase 4%+ by 2030
- Full Guaranty with Crown Wireless, Inc | 240 Locations
- Adjacent to the Ector County Coliseum, a 42-Acre Complex Hosting Rodeos, Fairs, Trade Shows, Sporting Events, etc. for Approx. 400,000 Annual Visitors
- Average Household Income Exceeds $91,000 in the Surrounding Area
Executive Summary
Cricket Wireless is a prepaid wireless service provider based in Atlanta, Georgia. Cricket offers an easy and high-quality wireless experience on their reliable nationwide network. Cricket is a subsidiary of AT&T Inc. AT&T (NYSE: T) is the world’s largest telecommunications company and the largest provider of mobile telephone services in the U.S.
Odessa is located in Ector County, Texas, with a small section extending into Midland County. The city’s population is estimated at 114,428 people. It is the principal city of the Odessa Metropolitan Statistical Area, which includes all of Ector County.
Odessa is located in Ector County, Texas, with a small section extending into Midland County. The city’s population is estimated at 114,428 people. It is the principal city of the Odessa Metropolitan Statistical Area, which includes all of Ector County.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,878 SF
Building Class
C
Year Built
1992
Price
$1,414,000
Price Per SF
$752.93
Cap Rate
7%
NOI
$99,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.52 AC
Zoning
ED1
Frontage
150’ on ANDREWS HWY
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17700-00010-00000 | Improvements Assessment | $273,587 |
| Land Assessment | $45,000 | Total Assessment | $318,587 |
Property Taxes
Parcel Number
17700-00010-00000
Land Assessment
$45,000
Improvements Assessment
$273,587
Total Assessment
$318,587
Contacts
-
Brennan Clegg -
Mark Ruble -
Christopher Lind -
Zack House -
Timothy Speck -
Marcus & Millichap
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Map
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Cricket Wireless | 4210 Andrews Hwy
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