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2421-2429 N County Road W
Odessa, TX 79763
Heroes Plaza Shopping Center · Retail Property For Sale
Investment Highlights
- Low Price Per Square Foot
- Upside Through Leasing Vacancy
- High In-Place Yield
Executive Summary
NETNETDIRECT, on behalf of Ownership, is pleased to offer for sale 2421-2429 N County Road W., Odessa, Texas 79763.
The Property consists of a 60,140 SF building situated on a 3.39 acre parcel of land in the rapidly growing community of Odessa, TX, directly in a strong retail corridor, just minutes away from major grocers like H-E-B and Walmart. The Property was constructed in 1969, and has 8 total suites with one space currently vacant, offering an opportunity for an increased return.
The center is anchored by TruFit, a San Antonio based, corporate operated, low cost health club. The lease has a corporate guarantee from TruFit and has 3.8 years remaining on the lease with 3, 5-year renewal options.
The Property consists of a 60,140 SF building situated on a 3.39 acre parcel of land in the rapidly growing community of Odessa, TX, directly in a strong retail corridor, just minutes away from major grocers like H-E-B and Walmart. The Property was constructed in 1969, and has 8 total suites with one space currently vacant, offering an opportunity for an increased return.
The center is anchored by TruFit, a San Antonio based, corporate operated, low cost health club. The lease has a corporate guarantee from TruFit and has 3.8 years remaining on the lease with 3, 5-year renewal options.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
60,140 SF
Building Class
C
Year Built
1969
Price
$5,300,000
Price Per SF
$88.13
Cap Rate
8.95%
NOI
$474,350
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
3.39 AC
Zoning
EB3
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,701,468 | |
| Land Assessment | $640,920 | Total Assessment | $3,342,388 |
Property Taxes
Parcel Numbers
Land Assessment
$640,920
Improvements Assessment
$2,701,468
Total Assessment
$3,342,388
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