Stripes | 807 FM | Odessa, TX
Sands Investment Group is Pleased to Exclusively Offer For Sale the 5,000 SF Stripes Absolute NNN Lease Investment Located at 807 FM 1936 in Odessa, Texas. This Deal Includes a 20 Year Absolute Triple Net (NNN) Lease That is Available As a Portfolio or Individually, Providing For a Unique Investment.
- Available As a Portfolio or Individually
- 20 Year Absolute Triple Net (NNN) Lease – The Tenant Recently Extended the Lease For an Additional 10 Years Showing Strong Commitment to the Location
- Parent Company Investment Grade Credit – Sunoco’s General Partner, Energy Transfer Partners, Carries an Investment Grade Credit Rating of BBB- (S&P)
- The Property Has a Yearly Scheduled Rent Increase in January
- Recession and Pandemic Resistant Tenant; C-Stores Have Thrived Throughout the Pandemic and Have Shown Strong Profitability
- Potential For Credit Upgrade – Most Stripes Locations Were Acquired By 7-Eleven in 2017; The West Texas Locations Were Subject to a Non-Compete With Delek Holdings; Delek Holdings Licensing Agreement With 7-Eleven Expires in December 2022, Setting Up For the Remaining Stripes to Be Acquired
- The Site Features the Well-Known Laredo Taco Company Tex-Mex Brand, Which Provides a Unique Traffic Driver to the Location
- C-Stores Typically Can Qualify For Bonus and Accelerated Depreciation, Which Can Significantly Increases an Investor’s Cash Flow
- Texas is an Income Tax-Free State
In Cooperation With Sands Investment Group Austin, LLC
Lic. # 9004706 BoR: Max Freedman – Lic. # 644481
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