Circle K NNN Property Sold by Casablanca in Odessa Texas

We are pleased to announce that we have Just Sold a brand new Circle K NNN Property located at Evans Boulevard and 87th Street, Odessa, Texas. We sold the property at a Selling Price of $2,777,777. Alex Casablanca, Managing Broker at Casablanca Triple Net Lease Advisors, represented the Buyer in the transaction. See below a couple of transaction and location highlights.

Transaction Highlights

  • Sold Price: $2,777,777
  • Cap Rate: 5.40%
  • Years on Lease: 15 Years
  • Annual Rent: $150,000
  • Lease Type: Ground Lease | Absolute NNN
  • Extensions: Eight 5-Year Options
  • Rental Increases: 8% every 5 years
  • Guaranty: Circle K Corporation
  • Location: Odessa, Texas
  • Funding: All Cash
  • Closing Date: August 12, 2025

Location and Investment Highlights

  • Brand New Construction Property
  • Brand New 15 Years Absolute NNN Lease | No Landlord Responsibilities
  • Affluent market with an average annual household income of $101,213
  • Strong demographics with an explosive population growth
  • Corporate Guaranteed by Circle K
  • Attractive 8% rental increases every 5 years
  • Texas is a tax-free state

The Top Reasons Casablanca is Your Best NNN Buyer’s Broker

  • We Pay for our Buyer’s Closing Costs up to $10,000
  • We Represent our Buyer’s for Free. Expert Advise at No Cost
  • We Sell Your Property at a Flat Listing Fee of 2%
  • Knowledge, Experience and Track Record
  • Exclusive Representation and No Additional Cost to You
  • Diligent Service, Hard Work & Availability to Our Clients
  • Patience to Work with Our Clients at their own pace.
  • We Give our Clients back in exchange of their trust.

At Casablanca, we specialize in representing NNN Buyers, Sellers, Landlords, and 1031 Exchange Investors Nationwide USA. We have the knowledge and expertise to guide you along the way from market research, identifying potential properties, submitting offers and negotiating them, due diligence, up to the closing table. We have helped many NNN Buyers and 1031 Exchange Investors in finding and negotiating the best property according to their investment goals and risk tolerance.

We have the most competitive listing fees on the market for both Sellers and Landlords. Moreover, we represent our Buyer’s for Free since we get paid from the Seller, and we also Pay for our Buyer’s Closing costs up to a maximum of $10k. This incentive will offset or cover completely the major Buyer’s closing costs expenses such as Title Fees, Attorney Fees, Recording Fees, among others. We are the Brokers that give you more in exchange for your trust. 

If you have any questions feel free to contact me directly at 407-205-7570 or you can also email me at [email protected]. Feel free to call me anytime at your convenience, I’m always available for my clients. Thank you very much for watching this video and I’m looking forward to speaking with you.