Tuscany Town Center Odessa, TX

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Tuscany Town Center

Address

4060 Faudree Road
Odessa, TX 77494

Overview

Investment Highlights

Stabilized, multi-tenant retail center offering consistent cash flow and long-term upside through rental appreciation and annual 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 improve on tenant mix or capture improving market rents

Diverse service-oriented, internet resistant tenant line-up poised to serve the rapidly expanding surrounding residential trade area

Adjacent to the Odessa Country Club Pines Course and surrounded by affluent neighborhoods including Mission Estates, Vista Del Norte, Vista La Paz and Venezia Estates, the Property benefits from strong housing values above $478,000 within one-mile

Significant population growth exceeding 22% over the next five years predicted within a three-mile radius and 31% 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 18,000+ cars per day as well as direct connectivity to Hwy 191 and Interstate 20

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 56,000 people within a five-mile radius

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

Location

Team

Brokerage Team

Micha van Marcke, CCIM

Micha van Marcke, CCIM

Principal
713.900.3011 micha@edge-cm.com

Phone
713.900.3019
Address

515 Post Oak Blvd, Suite 175, Houston, TX 77027