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Starbucks, Jimmy John's & Stanton Optical 5011 E 42nd St 6,290 SF 100% Leased Retail Building Odessa, TX 79762 $4,997,000 ($794.44/SF) 6.25% Cap Rate
Investment Highlights
- Dominant Tenant Mix with Starbucks (Drive-Thru End Cap), Jimmy John’s, & Stanton Optical
- Starbucks (Corporate, SBUX): The Largest Coffeehouse Chain with 1,470+ Locations Across Texas Alone & 41,000+ Globally
- Heavily Trafficked Intersection of East 42nd Street (SH 191) & Parkway Boulevard (75,200+ Combined VPD)
- 100% Original Tenancy Since 2016 with Built-In Rent Escalations; All Tenants Have Renewal Options
- Stanton Optical (Corporate): National Optical Retail Concept with 300+ Locations Across the U.S. with 80 Across Texas
- 3.7M+ SF of Office GLA within a 1.5-Mile Radius
Executive Summary
100% Leased, Starbucks, Jimmy John’s & Stanton Optical | Outparcel to Walmart & Sam’s Club| Average Lease Term Expiration May 2032
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
6,290 SF
Building Class
C
Year Built
2016
Price
$4,997,000
Price Per SF
$794.44
Cap Rate
6.25%
NOI
$312,316
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
0.89 AC
Zoning
EF1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 31910-00082-04000 | Improvements Assessment | $538,377 |
| Land Assessment | $216,668 | Total Assessment | $755,045 |
Property Taxes
Parcel Number
31910-00082-04000
Land Assessment
$216,668
Improvements Assessment
$538,377
Total Assessment
$755,045
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Starbucks, Jimmy John's & Stanton Optical | 5011 E 42nd St
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