Description

This investment opportunity features a new 7-year absolute NNN lease occupied by Cricket Wireless at a signalized hard-corner location in a high-traffic corridor. The property benefits from excellent visibility to more than 49,000 vehicles per day along W 42nd Street and Andrews Highway and serves a population of over 125,000 residents within a five-mile radius, with projected growth exceeding 4% by 2030. The lease is backed by a full guaranty from Crown Wireless, Inc., an experienced operator with approximately 240 locations. The site is located adjacent to the Ector County Coliseum, a 42-acre event complex that hosts rodeos, fairs, trade shows, sporting events, and other attractions, drawing approximately 400,000 visitors annually. The surrounding area features strong demographics, with average household incomes exceeding $91,000. Cricket Wireless, headquartered in Atlanta, Georgia, is a leading prepaid wireless provider and a subsidiary of AT&T Inc. (NYSE: T), one of the world's largest telecommunications companies and the largest mobile service provider in the United States. The property is situated in Odessa, Texas, the principal city of the Odessa Metropolitan Statistical Area, with an estimated population of 114,428 residents and a strong economic foundation supported by the broader Ector County region.