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Walk On's Sports Bistreaux- Odessa, TX 7280 TX-191 8,108 SF Retail Building Odessa, TX 79765 $6,600,000 ($814.01/SF) 7% Cap Rate
Investment Highlights
- This Walk On's is personally guaranteed by 3 individuals who operate one of the brand's top franchise groups. Founded in 2003.
- Triple Net (NNN) Lease with 14 years of term remaining and zero landlord responsibilities
- An outparcel of Parks Legado Town Center, a 100%-occupied Class A retail development with direct frontage on TX-191.
- Odessa sits at the epicenter of the Permian Basin, the largest and most productive oil-producing region in the country.
- Tenant has operated at this location since 2020 and has options extending through 2060.
- Average household income of $109,237 and a population of 66,800 residents within a 5-mile radius.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 8,108 SF Walk-On's Sports Bistreaux located at 7280 TX-191 in Odessa, TX. This exceptional investment is secured by a Triple Net (NNN) Lease with just over 14 years of lease term remaining, providing investors with stable, long-term cash flow and zero landlord responsibilities. Positioned as an outparcel to Parks Legado Town Center, a 100% occupied Class A retail development with direct frontage on TX-191, the property benefits from excellent visibility, strong surrounding tenancy, and a high-traffic retail corridor, making it a compelling long-term investment opportunity.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,108 SF
Building Class
C
Year Built
2020
Price
$6,600,000
Price Per SF
$814.01
Cap Rate
7%
NOI
$462,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.90 AC
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Walk On's Sports Bistreaux
- Accommodation and Food Services
- 8,108 SF
- -
- Triple Net
- Aug 2040
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Walk On's Sports Bistreaux | Accommodation and Food Services | 8,108 SF | - | Triple Net | Aug 2040 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 234550002900000 | Improvements Assessment | $1,893,029 |
| Land Assessment | $470,701 | Total Assessment | $2,363,730 |
Property Taxes
Parcel Number
234550002900000
Land Assessment
$470,701
Improvements Assessment
$1,893,029
Total Assessment
$2,363,730
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