A stabilized, income-producing retail asset in the Permian Basin — one of the most durable economic corridors in the country — anchored by service-based tenants under NNN leases.
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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 Odessa-Midland MSA is a national energy hub with a diversified support economy in healthcare, education, and logistics. This has translated into consistent daytime population and household income supporting service retail.
As a fully leased, 2023-built strip center on NNN leases, this asset offers a lower operational lift than value-add retail while still participating in West Texas' long-term growth trend.
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