August 17, 2022 – Kyle Danielson and Chris King of Horvath & Tremblay have successfully completed the sale of a Firestone in Odessa, Texas. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,527,273.
The property is a freestanding Firestone located at 2800 North County Road West in Odessa, Texas. Firestone has been at this location since 1982 and recently exercised their renewal option demonstrating their commitment to the site and the market. Firestone has 5 years of term remaining on their Triple Net (NNN) Lease. The Property is strategically positioned at the intersection of N County Road West and Kermit Highway, two of the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage and visibility and is surrounded by national retailers driving traffic to the area and is close to Odessa College and Odessa High School. Additionally, the Property is seconds from US Highway 385 and just a few miles from Interstate 20.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.