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Miscellaneous

Kelly-Moore Paints

2901 N Grandview Ave, Odessa, TX 79762

Listing Price: $1,600,000

Cap Rate
7.29%
Tenant Name
Kelly-Moore Paint Company, Inc.
Years Remaining On Lease
4.8
Guarantor
Corporate Guarantee
Rentable SF
9,005
Lease Type
Absolute Net
Rent Per Square Feet
$12.96

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Kelly-Moore Paints store located at 2901 N Grandview Ave in Odessa, Texas. The property consists of a 9,005-square foot single-tenant building on a 0.60-acre lot. The property is located near two shopping centers at the signalized intersection of Grandview Ave and Brentwood Dr. Grandview Avenue is a major thoroughfare with an average daily traffic count of 28,083. Nearby national and regional retailers include Dollar General, Family Dollar, Aaron's, Dairy Queen, and Take 5 Oil Change. The property is subject to an absolute triple-net lease with zero landlord responsibilities. There are 5 years remaining on the lease term and the tenant has four, 5-year renewal options. Odessa is located in west Texas and is the county seat of Ector County.

Investment Highlights

  • Absolute NNN lease with 5 years remaining on the lease term
  • Corner property at signalized intersection
  • Located near two shopping centers with several national and regional retailers
  • High traffic counts – 28,083 ADT on Grandview Ave
  • Multiple access points – accessible from Grandview Ave and Brentwood Dr
  • Pylon signage
  • Densely populated area – 1-mile total population of 13,171 | 3-mile total population of 77,536 | 5-mile total population of 122,926

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Miscellaneous

Kelly-Moore Paints

Listing Price: $1,600,000

Cap Rate
7.29%
Tenant Name
Kelly-Moore Paint Company, Inc.
Years Remaining On Lease
4.8
Guarantor
Corporate Guarantee
Rentable SF
9,005
Lease Type
Absolute Net
Rent Per Square Feet
$12.96

Investment Highlights

  • Absolute NNN lease with 5 years remaining on the lease term
  • Corner property at signalized intersection
  • Located near two shopping centers with several national and regional retailers
  • High traffic counts – 28,083 ADT on Grandview Ave
  • Multiple access points – accessible from Grandview Ave and Brentwood Dr
  • Pylon signage
  • Densely populated area – 1-mile total population of 13,171 | 3-mile total population of 77,536 | 5-mile total population of 122,926

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Kelly-Moore Paints store located at 2901 N Grandview Ave in Odessa, Texas. The property consists of a 9,005-square foot single-tenant building on a 0.60-acre lot. The property is located near two shopping centers at the signalized intersection of Grandview Ave and Brentwood Dr. Grandview Avenue is a major thoroughfare with an average daily traffic count of 28,083. Nearby national and regional retailers include Dollar General, Family Dollar, Aaron's, Dairy Queen, and Take 5 Oil Change. The property is subject to an absolute triple-net lease with zero landlord responsibilities. There are 5 years remaining on the lease term and the tenant has four, 5-year renewal options. Odessa is located in west Texas and is the county seat of Ector County.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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