Duong Investment Group

TX Odessa Dutch Bros

4080 Faudree Road Odessa, TX 79765

Closing Notes

  • All Cash Buyer
  • CA Buyer
  • Brand New Construction

Property Description

Price: $1,460,000
Land Area: ±0.75 Acres
Cap Rate: 5.00%
Gross Leasable Area: ±950 Square Feet
Year Built: 2023

Investment Highlights

Introducing a Brand-New, 15-Year Lease with Low Replaceable Rents

Construction Built in 2023

The Latest Prototype Double Drive-Thru Location is Designed to Handle Increased Order Volume

Prime Retail Location

  • Located on a Hard Corner with a Traffic Count Exceeding 17,000 Cars Per Day
  • Located on the Right Side of Faudree Rd which would be Considered the “Going to Work Side of the Road” for the Nearby Residential Neighborhoods to the South
  • Located within 3 Miles of the University of Texas Permian Basin with Over 7,600 Students
  • Located within 7 Miles of the Midland International Air & Space Port
  • Within Close Proximity to Several Major Retailers such as Tractor Supply, Chick-fil-A, Wendy’s, McDonald’s, La Quinta Inn, Walk-On’s Sports Bistreaux, and Many More

Corporate Guarantee

  • Absolute NNN Ground Lease Property with Zero Landlord ResponsibilitiesIdeal for Investors Not Local to the Market
  • Dutch Bros has 538+ Locations Nationwide | Moody’s Credit Rating of B1
  • Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term Provide for an Excellent Hedge Against Inflation
  • Recession Resistant Tenant

Pride of Property Ownership in Odessa, TX

  • Dense, Infill Location with Over 46,000 Residents within 5 Miles, Creating a Large Customer Base
  • Affluent Area with the Average Household Income Exceeding $179,000 within 1 Mile

Broker of Record: Timothy Speck – Lic.# TX 9002994

Contact Information

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643