4060 Faudree Road
Odessa, TX 77494
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. 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
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 including Mission Estates, Vista Del Nort & La Paz and Venezia Estates, the Property benefits from strong housing values above $490,000 within one-mile (nearly 79% higher than MSA averages)
Significant population growth exceeding 20% over the next five years predicted within a three-mile radius and 30% population growth predicted within a one-mile radius
Located along TX 588 (Faudree Road), the Property features high parapet walls as well as a highly visible pylon sign, and benefits from immediate access to 18,600+ cars per day as well as direct connectivity to Hwy 191 and Interstate 20
Due to high demand for daily workforce staffing, the Property is immediately surrounded by over 2,580 multifamily units and 820 hotel rooms within a one-mile radius
Underpinned by a pro-fossil fuels administration, Odessa is home to thriving oil and gas, manufacturing, solar energy and aerospace industries, supporting a strong employment hub and daytime population of 60,900 people within a five-mile radius
515 Post Oak Blvd, Suite 175, Houston, TX 77027