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87th St
Odessa, TX 79765
Circle K Ground Lease · Retail Property For Sale
Investment Highlights
- New 15-year absolute NNN ground lease to an investment-grade tenant, rated “BBB” by Standard & Poor’s
- Circle K is one of the largest chains of company-owned convenience stores in the United States, with over 14,200 locations
- Affluent market with an average annual household income of $101,213 within a 3-mile radius (expected to grow 16%+ in the next 5 years)
- 8% rental increases every five (5) years, including option periods
- Centrally located in the quickest growing area of Odessa on a quickly growing retail and residential corridor
- The site also features 14 canopied gas pumps for added customer convenience
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,152 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.67 AC
Zoning
EC2
Parking
30 Spaces (5.77 Spaces per 1,000 SF Leased)
Frontage
483’ on 87th Street
Property Taxes
| Parcel Number | 09463.00200.00000 | Improvements Assessment | $213,751 |
| Land Assessment | $795,006 | Total Assessment | $1,008,757 |
Property Taxes
Parcel Number
09463.00200.00000
Land Assessment
$795,006
Improvements Assessment
$213,751
Total Assessment
$1,008,757
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