Auto Service - Gas-Conv
LubeZone Truck Center (NYSE: ARES) w/ Annual Increases | Texas | Below Replacement Cost
1506 W 2nd St, Odessa (West Texas), TX 79763
Listing Price: $1,806,000
Investment Overview
Odessa is a city in and the county seat of Ector County, Texas, United States. It is located primarily in Ector County, although a small portion of the city extends into Midland County The City of Odessa had a population of 122,004 as of July 1, 2023. It is the principal city of the Odessa Metropolitan Statistical Area, which includes all of Ector County.
Historically, the Odessa economy has been primarily driven by the area’s oil industry, booming and busting in response to rises and falls in the crude oil price. Many of the city’s largest employers are oilfield supply companies and petrochemical processing companies. In recent decades, city leaders have begun trying to decrease the city’s reliance on the energy industry to moderate the boom-bust cycle and develop greater economic sustainability. Odessa has also taken steps to diversify the energy it produces. A new wind farm has been constructed in northern Ector County. A new coal pollution mitigation plant has been announced for a site previously entered in the Futuregen bidding. The new plant will be run by Summit Power and will be located near Penwell. This new plant could lead to the creation of 8,000 jobs in the area. Plans are in place for a nuclear powerplant to be run in conjunction with the nuclear engineering department at University of Texas of the Permian Basin, called High-Temperature Teaching and Test Reactor. This reactor is planned to be near Andrews.
Odessa’s main enclosed shopping mall is Music City Mall, which includes Dillards, JC Penney, Sears, Burlington Coat Factory, an indoor ice skating rink, and a television station. Construction of new retail in recent years has been concentrated on the city’s northeast side. In November 2007, the city approved a contract with a company that develops armaments for US Army helicopters to begin operations in Odessa.
There are several parks and playgrounds in Odessa including Bellaire Park, Crump Park, Optimist Park, and Polyantha Park. The Ellen Noel Art Museum of the Permian Basin and Parker House Ranching Heritage Museum are worth visiting.
LubeZone Truck Center (NYSE: ARES) w/ Annual Increases | Texas | Below Replacement Cost
Investment Highlights
- Corporate Lease Featuring Annual Rental Increases Throughout the Initial Term and Options. Priced Below Replacement Cost. Highly Functional Facility - Features 6 Drive-In Service Bays.
- Strategically Positioned Along West 2nd Street (I-20 BL) with Direct Access to Interstate 20, the Property Benefits from Strong Visibility and Proximity to Key Trucking Corridors.
- Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
- Direct Access to Interstate 20 and Highway 385, Two Key Trucking Corridors Linking Odessa to Midland, El Paso, and Dallas–Fort Worth, Reinforcing Tenant Exposure to Regional and Cross-State Freight Operators.
- Located Just 1.8 Miles from the Odessa Motor Freight Terminal and 2.2 Miles from the Union Pacific Rail Yard, Creating a Concentration of Logistics-Related Vehicle Traffic.
- Mission-Critical Truck Service Location Along a Major West Texas Logistics Route, Catering to Class 7 and 8 Trucks with High Daily Freight Traffic Volume and Nonstop Service Demand from Long-Haul and Oilfield-Related Transport.
- LubeZone's Parent Company, Ares Management Corporation (NYSE: ARES), is a Global Alternative Investment Firm Managing over $525 Billion in Assets across Credit, Private Equity, Real Estate, and Infrastructure Strategies.
- Located in Odessa's Permian Basin Energy Hub, which sees some of the Highest Diesel Consumption and Freight Movement in the U.S. Due to Upstream and Midstream Oil and Gas Operations. Surrounded by Complementary Industrial Users Including Truck Stops, Fuel Stations, Heavy Equipment Rental, and Trailer Repair - Creating a Self-Reinforcing Ecosystem That Drives Consistent Service Volume to the Site.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Financing By
Auto Service - Gas-Conv
LubeZone Truck Center (NYSE: ARES) w/ Annual Increases | Texas | Below Replacement Cost
Listing Price: $1,806,000
Investment Highlights
- Corporate Lease Featuring Annual Rental Increases Throughout the Initial Term and Options. Priced Below Replacement Cost. Highly Functional Facility - Features 6 Drive-In Service Bays.
- Strategically Positioned Along West 2nd Street (I-20 BL) with Direct Access to Interstate 20, the Property Benefits from Strong Visibility and Proximity to Key Trucking Corridors.
- Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
- Direct Access to Interstate 20 and Highway 385, Two Key Trucking Corridors Linking Odessa to Midland, El Paso, and Dallas–Fort Worth, Reinforcing Tenant Exposure to Regional and Cross-State Freight Operators.
- Located Just 1.8 Miles from the Odessa Motor Freight Terminal and 2.2 Miles from the Union Pacific Rail Yard, Creating a Concentration of Logistics-Related Vehicle Traffic.
- Mission-Critical Truck Service Location Along a Major West Texas Logistics Route, Catering to Class 7 and 8 Trucks with High Daily Freight Traffic Volume and Nonstop Service Demand from Long-Haul and Oilfield-Related Transport.
- LubeZone's Parent Company, Ares Management Corporation (NYSE: ARES), is a Global Alternative Investment Firm Managing over $525 Billion in Assets across Credit, Private Equity, Real Estate, and Infrastructure Strategies.
- Located in Odessa's Permian Basin Energy Hub, which sees some of the Highest Diesel Consumption and Freight Movement in the U.S. Due to Upstream and Midstream Oil and Gas Operations. Surrounded by Complementary Industrial Users Including Truck Stops, Fuel Stations, Heavy Equipment Rental, and Trailer Repair - Creating a Self-Reinforcing Ecosystem That Drives Consistent Service Volume to the Site.
Investment Overview
Odessa is a city in and the county seat of Ector County, Texas, United States. It is located primarily in Ector County, although a small portion of the city extends into Midland County The City of Odessa had a population of 122,004 as of July 1, 2023. It is the principal city of the Odessa Metropolitan Statistical Area, which includes all of Ector County. Historically, the Odessa economy has been primarily driven by the area’s oil industry, booming and busting in response to rises and falls in the crude oil price. Many of the city’s largest employers are oilfield supply companies and petrochemical processing companies. In recent decades, city leaders have begun trying to decrease the city’s reliance on the energy industry to moderate the boom-bust cycle and develop greater economic sustainability. Odessa has also taken steps to diversify the energy it produces. A new wind farm has been constructed in northern Ector County. A new coal pollution mitigation plant has been announced for a site previously entered in the Futuregen bidding. The new plant will be run by Summit Power and will be located near Penwell. This new plant could lead to the creation of 8,000 jobs in the area. Plans are in place for a nuclear powerplant to be run in conjunction with the nuclear engineering department at University of Texas of the Permian Basin, called High-Temperature Teaching and Test Reactor. This reactor is planned to be near Andrews. Odessa’s main enclosed shopping mall is Music City Mall, which includes Dillards, JC Penney, Sears, Burlington Coat Factory, an indoor ice skating rink, and a television station. Construction of new retail in recent years has been concentrated on the city’s northeast side. In November 2007, the city approved a contract with a company that develops armaments for US Army helicopters to begin operations in Odessa. There are several parks and playgrounds in Odessa including Bellaire Park, Crump Park, Optimist Park, and Polyantha Park. The Ellen Noel Art Museum of the Permian Basin and Parker House Ranching Heritage Museum are worth visiting.
Exclusively Listed By
Broker of Record
-
Alvin N. Mansour
Executive Managing Director Investments
Financing By
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