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Restaurant

4230 North Grandview & Penbrook Street

4230 N Grandview Ave, Odessa, TX 79762

Listing Price: $799,000

Cap Rate
7.67%
Tenant Name
Rockin Q
Years Remaining On Lease
6.9
Guarantor
No Guarantee
Rentable SF
3,242
Lease Type
Double Net
Rent Per Square Feet
$19.80

Investment Overview

The subject property consists of two parcels side by side with two tenants Bahama Bucks, Rocking Q and a Watermill Express in Odessa, Texas. Together the sites are approximately 1.13 Acres and allows for the opportunity of redevelopment in a dense retail trade area with high traffic counts.

Investment Highlights

  • Above Average Market Yield at 7.6% Cap
  • Hard Corner of intersection Grandview Ave & Penbrook Street with traffic counts of 30,000 VPD (2019)
  • Located in Major Retail Trade Area in Odessa, Texas
  • Two Parcels Together are approximately 1.13 Acres
  • Both Properties Have Drive-Thru Lanes

Exclusively Listed By

Financing By

Restaurant

4230 North Grandview & Penbrook Street

Listing Price: $799,000

Cap Rate
7.67%
Tenant Name
Rockin Q
Years Remaining On Lease
6.9
Guarantor
No Guarantee
Rentable SF
3,242
Lease Type
Double Net
Rent Per Square Feet
$19.80

Investment Highlights

  • Above Average Market Yield at 7.6% Cap
  • Hard Corner of intersection Grandview Ave & Penbrook Street with traffic counts of 30,000 VPD (2019)
  • Located in Major Retail Trade Area in Odessa, Texas
  • Two Parcels Together are approximately 1.13 Acres
  • Both Properties Have Drive-Thru Lanes

Investment Overview

The subject property consists of two parcels side by side with two tenants Bahama Bucks, Rocking Q and a Watermill Express in Odessa, Texas. Together the sites are approximately 1.13 Acres and allows for the opportunity of redevelopment in a dense retail trade area with high traffic counts.

Exclusively Listed By

Financing By

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