TX Odessa Dutch Bros
4080 Faudree Road Odessa, TX 79765
Closing Notes
- All Cash Buyer
- CA Buyer
- Brand New Construction
Property Description
Price: $1,460,000
Land Area: ±0.75 Acres
Cap Rate: 5.00%
Gross Leasable Area: ±950 Square Feet
Year Built: 2023
Investment Highlights
Introducing a Brand-New, 15-Year Lease with Low Replaceable Rents
Construction Built in 2023
The Latest Prototype Double Drive-Thru Location is Designed to Handle Increased Order Volume
Prime Retail Location
- Located on a Hard Corner with a Traffic Count Exceeding 17,000 Cars Per Day
- Located on the Right Side of Faudree Rd which would be Considered the “Going to Work Side of the Road” for the Nearby Residential Neighborhoods to the South
- Located within 3 Miles of the University of Texas Permian Basin with Over 7,600 Students
- Located within 7 Miles of the Midland International Air & Space Port
- Within Close Proximity to Several Major Retailers such as Tractor Supply, Chick-fil-A, Wendy’s, McDonald’s, La Quinta Inn, Walk-On’s Sports Bistreaux, and Many More
Corporate Guarantee
- Absolute NNN Ground Lease Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market
- Dutch Bros has 538+ Locations Nationwide | Moody’s Credit Rating of B1
- Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
- Recession Resistant Tenant
Pride of Property Ownership in Odessa, TX
- Dense, Infill Location with Over 46,000 Residents within 5 Miles, Creating a Large Customer Base
- Affluent Area with the Average Household Income Exceeding $179,000 within 1 Mile
Broker of Record: Timothy Speck – Lic.# TX 9002994
Contact Information
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643