4404 Tanglewood Ln
Odessa, TX 79762
Wienerschnitzel - Absolute 20 Year NNN Leased · Retail Property For Sale

Marcus & Millichap is pleased to present for sale a Wienerschnitzel restaurant, located in the city of Odessa, Texas. The 0.57-acre lot has frontage along Tanglewood Lane with an average traffic count of 15,000 vehicles per day. The lease features an initial term of 15 years with five, five-year options to extend. The lease rate increases 10 percent every five years during the initial lease term, and during each option period. The subject property is located approximately two miles away from the University of Texas Permian Basin, which had an enrollment of 6,050 students for Spring 2016. Some of the major retailers near this Wienerschnitzel are TownePlace Suites by Marriott, Five Guys, Lowes, Verizon, Target, and CVS Pharmacy. The city of Odessa is the county seat of Ector County, Texas. It is located primarily in Ector County, although a small portion of the city extends into Midland County. Odessa is the principal city of the Odessa Metropolitan Statistical Area, which includes all of Ector County. The metropolitan area is also a component of the larger Midland Odessa combined statistical area. In 2014, Forbes magazine ranked Odessa as the third fastest-growing small city in the United States .