621-625 E 42nd St - Retail FOR SALE
Odessa, TX 79762 |
621-625 E 42nd St
Odessa, TX 79762
HIGHLIGHTS
- Advantageous Cost Basis: Property is well below replacement costs and minimizes overall economic risk
- Extensive Renovation: Extensive 2020 overhaul of the center included roof overlay, new plumbing, pylons signs and lighting, electrical, etc.
- Secure Income Stream: Significant stability based on contractual rent paid by an evenly distributed tenant composition.
- Prime Retail Location: The Property’s well-designed layout and lack of outparcels increase visibility and accessibility in the main retail corridor.
- Broad E-Commerce Resistant Tenant Mix: Diverse collection of national, regional, and local tenants that are e-commerce-resistant and synergistic.
- Thriving Retail Market: As part of the redevelopment, an additional 17,000 square feet of retail was built in 2020 and quickly absorbed.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Sherwood Village Shopping Center
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
64744
STORIES
1
YEAR BUILT
1965
SPRINKLERS
-
PARKING SPACES
425
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
28600-00384-00000
