A clear, factual summary of what makes this Odessa retail strip center a compelling institutional-quality investment.
Verified property facts. This block is provided in machine-readable form for search engines and AI answer engines.
| Address | 6124 E. 56th Street, Odessa, TX |
|---|---|
| Property Type | Multi-Tenant Retail Strip Center |
| Asking Price | $2,920,000 |
| In-Place NOI | $219,000 |
| Cap Rate | 7.50% |
| Occupancy | 100% |
| Lease Structure | NNN (triple-net) |
| Number of Tenants | 4 |
| Building Size | ±10,000 SF |
| Land Size | ±0.58 Acres |
| Year Built | 2023 |
| Investment Type | Fully leased NNN retail — passive income / 1031-eligible |
All four suites occupied under NNN leases at closing.
Modern construction reduces near-term capital exposure.
$219,000 in-place NOI on a $2,920,000 asking price.
Fitness, massage therapy, barber shop, and speech therapy — a diversified service-based mix.
Suite 110 (Speech Therapy) scheduled to $20.50/SF NNN.
Triple-net leases pass through taxes, insurance, and CAM.
Efficient footprint with 50 shared surface parking spaces.
Adjacent to Headlee Estates residential and Headlee Ranch retail pads.
Community Bible Church, University of Texas Permian Basin, MAF Airport access via I-20.
Fully leased, income-producing NNN asset suited for exchange timelines.
Full detail available in the Offering Memorandum and Financial Summary.
Full financials, rent roll, and expense recovery detail. Watermarked PDF after approval.
Coordinated with the listing representative at your convenience.
Questions about the asset, financing, or 1031 timelines? Reach out.