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808 Maple Ave
Odessa, TX 79761

Rockhill Shopping Center · Retail Property For Sale

Investment Highlights

  • Dollar Tree is responsible for taxes, insurance, and most property-related expenses, providing a passive income stream for the landlord
  • Tenant’s previous options expired and a new renewal was established at current market rents demonstrating Dollar Tree’s success at this location
  • With recently added refrigerated and frozen storage to accommodate additional food sales
  • Lease backed by Dollar Tree, Inc., a Fortune 200 company with over 15,000 stores nationwide, ensuring stable, creditworthy tenant performance
  • Dollar Tree has occupied the space for more than 20 years, providing a strong customer base and proven high-level sales
  • Dollar Tree’s position as a leading discount retailer and proven business model supports reliable income

Executive Summary

Positioned on Maple Ave near major intersections, this Dollar Tree enjoys high visibility and access to steady commuter and local traffic flow, ideal for consistent customer engagement. This location is close to the University of Texas Permian Basin (UTPB), which has an enrollment of approximately 8,000 students, adding a significant population of potential customers from the campus community. Additionally, the property is near Medical Center Hospital a regional hospital with over 400 beds and a large employee base, creating regular demand from healthcare staff and visitors. As a leading discount retailer, Dollar Tree’s low-cost essential goods meet local demand, serving Odessa’s residents and the surrounding workforce in the Permian Basin’s robust oil and gas industry. The store’s product mix supports budget conscious shopping, making it a staple for both families and individuals seeking affordable goods. With a diverse mix of residential, commercial, and educational facilities in the vicinity, the store draws consistent foot traffic from a wide demographic, including students, medical staff, and local employees from various industries. This ensures a steady and diverse customer base. Odessa’s growing population, supported by steady employment in energy and healthcare, underpins retail demand. Within a five-mile radius, over 106,000 residents with reliable spending potential provide a solid foundation for ongoing customer traffic. Dollar Tree, a Fortune 200 company, brings strong brand recognition and customer loyalty, offering investors confidence in a long-term, stable tenant with an essential role in community retail.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
20,000 SF
Building Class
C
Year Built
1957
Price
$3,323,000
Price Per SF
$166
Cap Rate
7.25%
NOI
$240,852
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
1.76 AC
Parking
132 Spaces
Frontage
304 FT on Maple Avenue

Amenities

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07000-03534-00000
Land Assessment
$260,838
Improvements Assessment
$968,335
Total Assessment
$1,229,173
  • Listing ID: 33882062

  • Date on Market: 11/15/2024

  • Last Updated:

  • Address: 808 Maple Ave, Odessa, TX 79761

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