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Tuscany Town Center 4060 Faudree Rd 20,803 SF 100% Leased Retail Building Odessa, TX 79765 For Sale
Investment Highlights
- Stabilized, multi-tenant retail center offering consistent cash flow and long-term upside through rental appreciation and built-in rental escalations
- Diverse, service-oriented and internet resistant tenant line-up poised to serve the rapidly expanding residential growth
- Adjacent to the Odessa Country Club Pines Course and surrounded by affluent neighborhoods, the Property benefits from housing values above $490,000
- Opportunity to maximize value and purchase well below replacement cost on a primary Odessa artery
- Significant population growth exceeding 20% over the next 5 years predicted within a 3-mile radius and 30% population growth predicted within 5-miles
- Located along TX 588 (Faudree Road), the Property features high parapet walls as well as a highly visible pylon sign, and over 18,600 CPD
Executive Summary
Stabilized, multi-tenant retail center offering consistent cash flow and long-term upside through rental appreciation and built-in rental escalations in the heart of a highly affluent and rapidly expanding Odessa trade area. Opportunity to maximize value and purchase well below replacement cost on a primary Odessa artery. Further, two thirds of the current tenants have no remaining options, allowing a future owner to capture improving market rents or enhance the tenant mix.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
20,803 SF
Building Class
B
Year Built
2016
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.32 AC
Zoning
CL
Parking
102 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
255’ on Faudree Road
Amenities
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 044500005000000 | Improvements Assessment | $2,335,637 |
| Land Assessment | $699,985 | Total Assessment | $3,035,622 |
Property Taxes
Parcel Number
044500005000000
Land Assessment
$699,985
Improvements Assessment
$2,335,637
Total Assessment
$3,035,622
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Tuscany Town Center | 4060 Faudree Rd
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