Odessa, TX - Whataburger
$7,999,000
1900 E 8th St, Odessa, TX 79761
6.01
Cap Rate
480,844
NOI
Details:
Description:
• The tenant has over 10 years remaining on its lease with 3 (5-year) options to extend
• Corporate signed lease by Whataburger Restaurants, LLC
• Features 10% rental increases every 5 years throughout the initial lease term and at the beginning of each option period, growing NOI and hedging against inflation
• The subject property is located at the hard corner intersection of E 8th Street (26,200 VPD) and Mc Kinley Avenue
• The site is also located near the intersection of E 8th Street (26,200 VPD) and Grandview Avenue (24,700 VPD)
• The asset benefits from excellent visibility and multiple points of ingress/egress
• Other nearby national/credit retailers include United Supermarkets, McDonald’s, Starbucks, AutoZone, 7 Brew, Walgreens, and more
• Established retail corridor with complementary uses
Location
Gallery