6124 E. 56th Street is offered as a fully leased, four-tenant NNN retail investment producing $219,000 of in-place NOI at a 7.50% going-in cap rate.
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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 |
All four leases are triple-net (NNN): tenants reimburse their pro-rata share of property taxes, insurance, and common area maintenance. Landlord expense exposure is minimal and predictable.
In-place NOI is $219,000 with contractual upside from a scheduled step at Suite 110 (Speech Therapy) to $20.50/SF NNN. 2026 NNN expense reconciliations are available in the OM.
Suited for private investors seeking passive, income-producing commercial real estate, family offices building diversified NNN exposure, or 1031 exchange buyers seeking a fully leased replacement property in a growing Sun Belt market.
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.