A stabilized, 2023-built commercial property in East Odessa's active growth corridor, positioned between residential rooftops and institutional demand drivers.
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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 |
The property sits at 6124 E. 56th Street with strong frontage and visibility, adjacent to Community Bible Church, near the Headlee Estates residential subdivision and Headlee Ranch retail pad program (Tarzan & Jane, HTeaO, Athletic Republic), with access to I-20 and Midland International Air & Space Port.
Approximately 10,000 SF of multi-tenant retail on ±0.58 acres, delivered in 2023 with 50 surface parking spaces shared under easement with the neighboring church.
East Odessa is absorbing steady rooftop growth and infill retail. A planned road expansion nearby is expected to further improve traffic flow and visibility.
The same asset framed for different investor lenses:
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