Listed by Edge Realty Partners - Houston, CP Partners
$17,500,000
Sherwood Village
Details
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 82,264
Occupancy 96.8%
Tenancy Multi
Brand/Tenant Family Dollar, O'Reilly Auto Parts
Year Built 1965
Year Renovated 2020
Parking Spaces 425 spaces
Parking Per SqFt 5.17
Investment Type Stabilized
Ground Lease No
About This Property
Marketing description
- Further, the center offers an attractive consumer appeal based on a significant redevelopment completed in 2020
- The major overhaul of the center included roof overlay (with 20-year labor and materials warranty), new plumbing, pylons signs and lighting, major parking lot repairs, and an additional 17,000 square feet of space to satisfy the market’s demand
- The subject property benefits from its location within the Permian Basin, one of the world’s strongest oil fields, producing 47% of the oil and 17% of the natural gas consumed in the United States
Investment highlights
Sherwood Village is a 82,264 square-foot community shopping center in Odessa, Texas, the epicenter of the United States shale revolution. The subject property is advantageously located at the signalized intersection of East 42nd Street and Dixie Boulevard, a high-traffic corridor with exposure to over 41,000 cars per day. Sherwood Village is 98% leased and anchored by Family Dollar and O’Reilly Auto Parts, along with a diverse collection of e-commerce-resistant and complementary tenants, promoting ample cross-shopping opportunities.
Listing Contacts
Listed by Edge Realty Partners - Houston, CP Partners
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