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19% Cap Rate - Corporate Guarantee w/ Auto Glass Now!
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Auction #
522 -
Interior Space:
± 4,018 SF -
Lot Size:
±0.19 acres -
Transaction Fee:
5% (Min US $25,000) (Min $25,000) -
BrokerInquire Within
Co-op:
19% Cap Rate - Corporate Guarantee w/ Auto Glass Now!
Industrial/Net Lease/Retail Property For Sale in Odessa, TX
1418 N Grant Ave, Odessa, TX 79761FRE Auctions and Retail Union are pleased to present the Online Auction Plus event (allows for contingencies) for an investment property in the Permian Basin.
Investment Opportunity with Flexibility.
This sale is offered with contingencies allowed, giving buyers the flexibility to complete customary due diligence—ideal for both investors and 1031 Exchange buyers seeking cash-flowing, passive income with tenant stability.
Located on a major north-south corridor, this property offers outstanding visibility and easy access to downtown Odessa, I-20, and Loop 338. Positioned in a busy commercial zone surrounded by retail, services, and residential areas, it’s perfectly placed for both local and regional traffic. The asset is backed by a long operational history and expanding footprint.
Property/Investment Highlights:
- Net leased investment opportunity with a strong tenant in place
- 4,018 SF - Built in 1976
- Current lease in place through 03/31/2028
- Corporate guaranteed lease, in 2021, Auto Glass Now was acquired by Driven Brands Holdings Inc. (NASDAQ: DRVN)
- Tenant has three (3) five-year options to extend the lease with 10% rental increases every five (5) years
- Recession and internet-proof tenant
- Auto Glass Now has over 268 locations throughout the US
- One 4-ton HVAC replaced in 2023
- Hard corner location on N Grant Ave & 15th Street
- Traffic Counts: 19,567 AADT (2023 - N. Grant Ave)
- 25 Minutes from Midland International Airport
19% Cap Rate based on Minimum Bid
8.4% Cap Rate based on Previous List
Odessa offers several historical sites as well as recreations, a museum, a library, and a vibrant collection of murals celebrating local history in downtown. The population of Odessa is 119,748 (2023), a growth from 2020.
Infrastructure and Transportation Redevelopment
Odessa - Texas Department of Transportation
Downloadable Documents Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: RU Brokerage LLC, TX # 9009360
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
Conditions may be included with your bid
How to Bid
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1Set up a free user accountFree registration with no obligation. Your account provides access to additional information and documents, as well as email updates.
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2Search & SelectThe Future of Real Estate features real estate from the USA and international. Utilize our advanced search criteria to narrow down your selection.
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3Review InformationAccess property information to make better-informed decisions. Available information varies depending on each real estate asset type.
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4Submit Deposit (if required)Prior to placing a bid, you may need to submit a deposit. Deposits can be submitted using credit card, wire transfer or check.
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5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
Conditions may be included with your bid
Odessa, TX 79761
Conditions may be included with your bid
-
Midland County
Odessa, TX -
Property Type: Commercial Property
-
Interior Space: ± 4,018 SF
-
Lot Size: ±0.19 acres
-
Transaction Fee: 5% (Min US $25,000) (Min $25,000)
-
Broker Co-op: Inquire Within
FRE Auctions and Retail Union are pleased to present the Online Auction Plus event (allows for contingencies) for an investment property in the Permian Basin.
Investment Opportunity with Flexibility.
This sale is offered with contingencies allowed, giving buyers the flexibility to complete customary due diligence—ideal for both investors and 1031 Exchange buyers seeking cash-flowing, passive income with tenant stability.
Located on a major north-south corridor, this property offers outstanding visibility and easy access to downtown Odessa, I-20, and Loop 338. Positioned in a busy commercial zone surrounded by retail, services, and residential areas, it’s perfectly placed for both local and regional traffic. The asset is backed by a long operational history and expanding footprint.
Property/Investment Highlights:
- Net leased investment opportunity with a strong tenant in place
- 4,018 SF - Built in 1976
- Current lease in place through 03/31/2028
- Corporate guaranteed lease, in 2021, Auto Glass Now was acquired by Driven Brands Holdings Inc. (NASDAQ: DRVN)
- Tenant has three (3) five-year options to extend the lease with 10% rental increases every five (5) years
- Recession and internet-proof tenant
- Auto Glass Now has over 268 locations throughout the US
- One 4-ton HVAC replaced in 2023
- Hard corner location on N Grant Ave & 15th Street
- Traffic Counts: 19,567 AADT (2023 - N. Grant Ave)
- 25 Minutes from Midland International Airport
19% Cap Rate based on Minimum Bid
8.4% Cap Rate based on Previous List
Odessa offers several historical sites as well as recreations, a museum, a library, and a vibrant collection of murals celebrating local history in downtown. The population of Odessa is 119,748 (2023), a growth from 2020.
Infrastructure and Transportation Redevelopment
Odessa - Texas Department of Transportation
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: RU Brokerage LLC, TX # 9009360
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.