• Broker Alvin Mansour 8583733184
  • Broker Jon Talia 8583733186

CALIBER COLLISION | LONG TERM ABSOLUTE NET 150 E 45th St

23,052 SF Retail Building Odessa, TX 79762 $7,030,975 CAD ($305.00 CAD/SF) 5.85% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
  • Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
  • Densely Populated Area: Features more than 113k People Residing within a 5-Mile Radius. Odessa has Experienced Steady Growth over the Years.
  • Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,800 Convenient Locations in 41 States - and Growing.
  • Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
  • Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.

EXECUTIVE SUMMARY

2024 Renovation | Densely Populated Area | Near Numerous Auto Dealerships and Auto Service Centers | Directly Across from Ector County Coliseum - 5k+ Seat Multi-Purpose Arena | Minutes from Music City Mall, The University of Texas Permian Basin, Odessa College & Odessa-Schlemeyer Field Airport | Qualifies for Accelerated Depreciation | Recession-Resistant Concept

ATTACHMENTS

Marketing Brochure/Flyer

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
23,052 SF
Building Class
B
Year Built/Renovated
1975/2024
Price
$7,030,975 CAD
Price Per SF
$305.00 CAD
Cap Rate
5.85%
NOI
$411,312 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
1.51 AC
Zoning
Heavy Commercial - Heavy Commercial

AMENITIES

  • Tenant Controlled HVAC
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Caliber Collision
  • Retailer
  • 23,052 SF
  • -
  • Net
  • Jun 2039
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Caliber Collision Retailer 23,052 SF - Net Jun 2039

LINKS

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
E 45th St N Texas Ave, E 1,606 2022 0.08 km
W 46th St Andrews Hwy, E 643 2022 0.24 km
Andrews Highway W 42nd St, S 18,775 2022 0.28 km
Andrews Hwy W 42nd St, S 17,460 2022 0.28 km
E 42nd St N Texas Ave, E 26,674 2022 0.35 km
East 42nd Street (Chris Kyle Memorial Highway) N Texas Ave, E 36,258 2022 0.35 km
West 42nd Street (Chris Kyle Memorial Highway) Andrews Hwy, E 30,454 2022 0.40 km
W 42nd St Andrews Hwy, E 23,797 2022 0.40 km
Andrews Highway W 42nd St, N 24,038 2022 0.43 km
Andrews Hwy W 42nd St, N 19,596 2022 0.43 km

NEARBY MAJOR RETAILERS

Fitness 1440 Odessa
Denny's
Texas Burger
Lowe's Supermarket

PROPERTY TAXES

Parcel Number 28610-01710-00000 Improvements Assessment $576,805 CAD
Land Assessment $379,417 CAD Total Assessment $956,222 CAD

Map of 150 E 45th St Odessa, TX 79762

ADDITIONAL PHOTOS

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View Photo Aerial
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