A stabilized multi-tenant retail asset positioned in the Permian Basin — one of North America's most active energy economies — with 100% occupancy and NNN leases at close.
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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 |
Sustained energy activity in the Permian drives population, wages, and consumer service demand across Odessa and Midland. Service-based retail — fitness, personal care, therapy — has proven resilient across cycles in this submarket.
Asking $2,920,000, in-place NOI $219,000, 7.50% cap. Suite 110 (Speech Therapy) scheduled to step up to $20.50/SF NNN.
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