5201 E 42nd St
Odessa, TX 79762
Stripes · Retail Property For Sale

This Stripes investment property is located at 5201 East 42nd Street in Odessa, Texas. East 42nd Street boasts average daily traffic counts exceeding 44,640 vehicles. East 42nd Street intersects with NE Loop 338 which on average brings an additional 18,460 vehicles into the immediate area each day. There are more than 50,607 individuals residing within a three-mile radius of the property and more than 100,355 individuals within a five-mile radius. The subject property benefits from being situated in an affluent suburban community, with the average household income within a one-mile radius of the property being $130,110. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, and academic institutions. Major national tenants include: Walmart, Target, CVS Pharmacy, Walgreens, Marshalls, The Home Depot, Dollar Tree, JC Penny, Dillard's, Ulta Beauty, Best Buy, Office Depot, Starbucks, Chick-fil-A, Pizza Hut, Chipotle Mexican Grill, Whataburger, as well as many more. The subject property benefits from being located directly across the street from the University of Texas of the Permian Basin. UTPB is a public university with a total enrollment exceeding 7,000 students. This Stripes property benefits from being located five miles from Odessa Regional Medical Center a 225-bed hospital. Odessa is a city in, and the county seat of, Ector County and is located in Western Texas. Odessa is the 29th-most populous city in Texas and in 2014 was ranked by Forbes magazine as the third fastest-growing small city in the United States. Odessa’s economy has been primarily driven by the area’s oil industry. Many of the city’s largest employers are oilfield supply companies and petrochemical processing companies. Although Odessa’s economy relies heavily on oil, in recent decades, city leaders have begun to diversify and develop greater economic sustainability. The city's efforts to gradually diversify away from the energy industry have led to a growing role for the logistics industry, using Odessa's location along the major road and rail links through West Texas. Odessa is also a stop on the Entrada al Pacífico trade corridor. The city became home to major retail distribution centers for Family Dollar in 2003 and for Coca-Cola in early 2007.