8011 Highway 191Odessa, TX 79765

Property Details for 8011 Highway 191

Year built

2024

Lot size

0.90 AC

Property size (Sq ft)

2,200 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a 2,200 square foot Starbucks located at 8011 E Highway 191, Odessa, TX 79765. The property sits on a 0.9-acre lot and boasts a new 10-year corporate net lease with a highly-rated tenant, Starbucks (S&P BBB+), the world's largest specialty coffee retailer. The lease commenced December 1, 2024, and includes four 5-year renewal options, ensuring long-term income stability. Rent increases are structured with a 10% bump every five years, in both the primary lease and options, providing significant future growth potential. The property's strong financial performance is reflected in its 6.00% cap rate and a substantial net operating income (NOI) of $166,000. Built in 2024, this location benefits from its position in Odessa, Texas, the 3rd fastest-growing small city in the U.S. (per Forbes), within the 7th fastest-growing MSA in the country. A major traffic driver is the upcoming Spring 2025 opening of a new 100,000 square foot Bass Pro Shop directly across TX-191. The property's proximity to Midland International Air & Space Port (over 1.3 million passengers annually) further enhances its visibility and accessibility. The asking price is $2,766,666, translating to a price per square foot of $1,257.58. This is a rare opportunity to acquire a high-performing, net-leased Starbucks in a rapidly expanding market. 100% occupancy is currently maintained.

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8937

Longitude

-102.333

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