2763 County RdOdessa, TX 79764

This exceptional investment opportunity presents a fee-simple ownership of a 11,223 square-foot Advance Auto Parts building in Odessa, Texas. The property boasts a 9.5-year remaining lease term with four 5-year renewal options, ensuring long-term income stability. The absolute NNN lease structure eliminates landlord responsibilities, making it a truly passive investment. Built in 1988 and situated on a 1.71-acre lot with 63 parking spaces, the property benefits from a prime location at a signalized intersection of State Highway 450 and North County Road, experiencing high daily traffic volume. The lease includes 7.5% rental increases every five years, providing built-in protection against inflation and steadily growing net operating income (NOI) currently at $128,613, yielding a 5.50% cap rate. The property is zoned HC (Heavy Commercial District) and enjoys a strong retail environment with nearby national tenants such as Walmart, Big Lots, and Walgreens. Its proximity to Odessa College and New Tech Odessa, along with nearby apartment complexes, ensures a robust customer base. The 5-mile trade area boasts over 115,000 residents and 63,000 daytime employees, with an average household income exceeding $74,000. This is a rare opportunity to acquire a well-located, low-maintenance, high-return investment in a tax-free state. The asking price is $2,338,000, or $208.32 per square foot. The property's APN is 136000232700000.