713-900-3011
4060 Faudree Rd, Odessa, TX for Sale
Storefront - FOR SALE
1/5
null | Request Cap Rate

4060 Faudree Rd
Odessa, TX 79765


HIGHLIGHTS

  • Stabilized, multi-tenant retail center offering consistent cash flow and long-term upside through rental appreciation and built-in rental escalations
  • Opportunity to maximize value and purchase well below replacement cost on a primary Odessa artery
  • Diverse, service-oriented and internet resistant tenant line-up poised to serve the rapidly expanding residential growth
  • Significant population growth exceeding 20% over the next 5 years predicted within a 3-mile radius and 30% population growth predicted within 5-miles
  • Adjacent to the Odessa Country Club Pines Course and surrounded by affluent neighborhoods, the Property benefits from housing values above $490,000
  • 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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tuscany Town Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

2.32 AC

LAND SF

101,059 SF

ZONING

CL

APN/PARCEL ID

044500005000000

ASK ABOUT THIS PROPERTY

Micha Van MarckeEDGE Capital MarketsMore Info
713-900-3011

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Micha Van MarckeEDGE Capital MarketsMore Info
713-900-3011

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.