451 Moss AveOdessa, TX 79763

Property Details for 451 Moss Ave

Year built

2024

Lot size

1.03 AC

Property size (Sq ft)

10,000 SF

Property type

Specialty properties

Property subtype

Retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 10,000-square-foot Dollar Tree store in Odessa, Texas. Built in 2024, the property boasts a 9.3-year remaining lease term (commencing January 1, 2024, and expiring February 27, 2034) with a corporate guarantee from Dollar Tree Stores, Inc. The property generates a strong net operating income (NOI) of $135,900, resulting in an attractive 7.35% cap rate. Priced at $1,848,980 ($184.90/sq ft), this single-tenant, net-lease property offers a secure investment with built-in rent bumps every five years. Located on a 1.03-acre lot at 451 S Moss Ave, Odessa, TX 79763, the store benefits from a robust local customer base, exceeding 32,000 residents within a 5-mile radius, and impressive population growth of 50% over the past 13 years in the same area. The tenant is fully responsible for HVAC maintenance and replacement. Six, five-year lease options are available. This property represents a compelling opportunity to acquire a high-performing, low-maintenance retail asset in a rapidly growing market. The property is 100% occupied.

Location Insight

City

Odessa

County

Ector

State

Texas

Latitude

31.8061

Longitude

-102.485

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