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2421-2429 N County Road W
Odessa, TX 79763
Heroes Plaza Shopping Center · Retail Property For Sale
Executive Summary
Heroes Plaza Shopping Center is a 60,140 SF multi-tenant retail center in Odessa, TX offered at $5,300,000 (9.54% cap, $88/SF). Anchored by TruFit Athletic Clubs (35,000 SF, NNN, corporate guarantee, 3.6 yrs remaining), the center sits on 3.39 acres at a high-traffic intersection on N County Road W (27,802 VPD) in the heart of the Permian Basin. The multiple below-market leases near expiration offer a new owner significant upside toward the market average of $18.17/SF. Odessa ranks 2nd highest per capita income in the U.S. and is the 5th largest MSA economy in Texas. New parking lot completed March 2025. Texas has no state income tax.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
60,140 SF
Building Class
C
Year Built
1969
Price
$5,300,000
Price Per SF
$88.13
Cap Rate
9.54%
NOI
$505,620
Percent Leased
100%
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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