808 Maple AveOdessa, TX 79761

For Sale
$3,323,000
High-yield Net Lease Convenience Store

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a 20,071 square foot Dollar Tree store in Odessa, Texas, situated on a 1.76-acre lot at 808 Maple Ave, 79761. The property boasts a strong 7.25% cap rate and a substantial NOI of $240,852, supported by a 10-year net lease (NN+) commencing February 1, 2025, and expiring January 31, 2035. The lease includes rent bumps and is backed by a corporate guarantee from Dollar Tree, Inc., a Fortune 200 company. This prime retail location benefits from high visibility on Maple Ave, near major intersections and significant population centers including the University of Texas Permian Basin and Medical Center Hospital. The store's strategic location, coupled with Dollar Tree's established brand recognition and essential retail offerings, ensures consistent customer traffic and strong sales potential. Recent upgrades, including added refrigerated and frozen storage, further enhance revenue opportunities. The property's strong demographic and economic fundamentals, within a five-mile radius of over 106,000 residents, provide a solid foundation for long-term investment stability. This is a 1031 exchange eligible property.

Highlights

  • High-visibility Dollar Tree on Maple Ave, Odessa, TX, enjoys excellent access to commuter and local traffic.
  • Strategic location near UTPB (8,000 students) and Medical Center Hospital (400+ beds) ensures a large customer base.
  • Dollar Tree's essential goods cater to Odessa residents and the Permian Basin's workforce, appealing to budget-conscious shoppers.
  • Diverse customer base drawn from residential, commercial, and educational sectors ensures consistent foot traffic.
  • Strong demographics (106,000+ residents within 5 miles) and robust energy/healthcare employment support retail demand.
  • Fortune 200 tenant Dollar Tree provides investor confidence with a stable, long-term lease.

Property Details for 808 Maple Ave

Property type
Retail properties, Retail space
Square Feet
20,071 SF
Lot Size (sq. ft)
76,666 SF

Location Insight

City
Odessa
County
Ector
State
Texas
Latitude
31.858276880019
Longitude
-102.35762042589
808 Maple Ave, Odessa, Texas

FAQs

What type of property is this?
Retail property - High-yield Net Lease Convenience Store
Where is the retail property located?
The property is located at 808 Maple Ave Odessa, TX.
What is the asking price?
The asking price for this property is $3,323,000.
What are key features of this property?
This property features: High-visibility Dollar Tree on Maple Ave, Odessa, TX, enjoys excellent access to commuter and local traffic.; Strategic location near UTPB (8,000 students) and Medical Center Hospital (400+ beds) ensures a large customer base.; Dollar Tree's essential goods cater to Odessa residents and the Permian Basin's workforce, appealing to budget-conscious shoppers.
How can I contact the broker?
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808 Maple Ave
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