A fully leased, income-producing NNN retail asset well suited to 1031 replacement timelines. Immediate cash flow, four tenants in place, and minimal landlord responsibilities.
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| 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 |
Because the property is 100% leased on NNN terms at closing, exchangers avoid the lease-up risk common in value-add replacements. Documented NOI, current rent roll, and 2026 NNN reconciliations are available in the OM to support underwriting on tight 45/180-day windows.
Asking price $2,920,000, in-place NOI $219,000, going-in cap rate 7.50%. Suite 110 (Speech Therapy) has a scheduled rent step to $20.50/SF NNN.
Buyers should coordinate with their qualified intermediary and tax advisor. Request the OM to receive the underwriting file and financial detail needed for exchange documentation.
The same asset framed for different investor lenses:
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.