A 2023-built, 100% leased multi-tenant retail strip center at 6124 E. 56th Street in East Odessa's growth corridor. Four established service-based tenants operate on NNN leases, producing $219,000 in-place NOI.
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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 Rig at Ponderosa is an approximately 10,000 SF strip center on ±0.58 acres. New 2023 construction limits deferred maintenance exposure, and the property is offered at a 7.50% going-in cap rate.
The rent roll features a diversified, service-oriented tenant lineup that is resilient to e-commerce disruption: a fitness studio, a massage therapy practice, a barber shop, and a speech therapy provider.
Odessa anchors the Permian Basin economy, with a durable employment base tied to energy, education, and healthcare. The East 56th Street corridor benefits from new residential (Headlee Estates), retail pad development (Headlee Ranch), and proximity to Community Bible Church and the University of Texas Permian Basin.
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