4020 E 52nd St | Odessa, TX 79762
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4020 E 52nd St
Odessa, TX 79762
Dollar General | Odessa, TX · Retail Property For Sale
Investment Highlights
- NNN Single Tenant Investment Opportunity
- 15-Year Lease with Five (5), Five (5) Year Options
- Corporate Guarantee by Dollar General Corporation
- Located in the Midland-Odessa MSA
- 5% Increases Every 5 Years During the Primary Term and Each Option
Executive Summary
Randall Commercial Group, LLC is pleased to exclusively offer for sale this brand new, free-standing Dollar General located in Odessa, TX The subject property has a 15-year, NNN lease with an estimated delivery date in November 2024 and 5% rent increases every five years during the primary term and each option. The property is located on E 52nd Street in northwest Odessa, less than two miles from the University of Texas Permian Basin campus and less than 1 mile from the Music City Mall. Dollar General is an investment-grade tenant with a Standard & Poor’s “BBB” credit rating.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
10,640 SF
Building Class
B
Year Built
2024
Price
$4,126,934 CAD
Price Per SF
$388 CAD
Cap Rate
6.25%
NOI
$257,933 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.61 AC
Zoning
C - Commercial
Frontage
226 ft on E 52nd St
PROPERTY TAXES
| Parcel Number | 09450-02980-00000 | Improvements Assessment | $0 CAD |
| Land Assessment | $340,226 CAD | Total Assessment | $340,226 CAD |
PROPERTY TAXES
Parcel Number
09450-02980-00000
Land Assessment
$340,226 CAD
Improvements Assessment
$0 CAD
Total Assessment
$340,226 CAD
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