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INVESTMENT HIGHLIGHTS
Strategic Market Position | This is the only Western Falcon location in Midland-Odessa, making this a strategic location as an oil and gas servicer in the Permian Basin.
Absolute Net Lease Structure | The lease features an absolute NNN expense structure with no Landlord responsibilities, resulting in an entirely passive and secure income stream.
Desirable Rent Increases | The lengthy lease includes 2.75% annual rent bumps, providing a prospective investor with a hedge against inflation and an increase in yield over time.
Long-Term Tenant | The Tenant has been in place since 1994 and has 6+ years remaining on current lease.
Experienced Operator | Western Falcon has been in operation since 1992, growing through multiple cycles in the oil and gas industry.
Income Tax-Free State | No state income taxes.
Outdoor Storage Use | The ±13.29-acre parcel provides ample room for inventory, materials, and equipment parking. This is a critical asset for the Tenant and is something that is sought after by many industrial tenant/users.
Industrial Corridor & Strong Local Submarket Positioning | The Property is located within the Midland-Odessa Industrial submarket in a dense industrial area along Interstate 20 with nearby industrial tenants such as Baker Hughes, ChampionX Chemical Technologies, Family Dollar Distribution Center, Helmerich & Payne, Magellan Midstream Partners, NOV Inc., Precision Drilling, and Thermo King.
