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Sherwood Village Shopping Center 621-625 E 42nd St 82,264 SF 98% Leased Retail Building Odessa, TX 79762 For Sale

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INVESTMENT HIGHLIGHTS

  • Further, the center offers an attractive consumer appeal based on a significant redevelopment completed in 2020
  • The subject property benefits from its location within the Permian Basin, one of the world’s strongest oil fields
  • The major overhaul of the center included roof overlay (with 20-year labor and materials warranty), new plumbing, pylons signs and lighting, and more

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
82,264 SF
Building Class
B
Year Built/Renovated
1965/2020
Percent Leased
98%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
6.39 AC
Parking
425 Spaces (5.17 Spaces per 1,000 SF Leased)

AMENITIES

  • Pylon Sign
  • Signage
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Educational Services
  • -
  • -
  • -
  • Jan 0000

Acceleration Academies provides academic and support services to students either at risk of not earning a high school diploma or wishing to return to school after a gap in their education. Acceleration Academies understands that Graduation Candidates have other responsibilities that make obtaining a high school diploma appear impossible. Our academies have extended hours, Monday through Friday, so everyone is able to experience the unique and custom-designed learning environment offered. Attending an Academy is essential to educational development, but because the learning platform is web-based, Graduation Candidates can work on courses anywhere with internet access.

  • Around the Clock Fitness Inc
  • Retailer
  • -
  • $9.99
  • -
  • Jan 0000
  • Double Read Bookstore
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000
  • Retailer
  • -
  • $9.99
  • -
  • Jan 0000

Family Dollar is a neighborhood-focused retailer committed to providing everyday essentials at affordable prices. With merchandise typically ranging from $1 to $10, Family Dollar offers a wide selection of competitively priced national brands alongside value-driven private labels. Customers can find food and beverages, paper goods, health and beauty products, pet supplies, home décor, apparel, seasonal items, and personal electronics—all in one convenient location. Family Dollar stores are strategically located in communities across the country, including underserved areas often lacking access to affordable retail options. By placing stores in these neighborhoods, Family Dollar helps improve the availability of essential goods while saving customers time and money. The company’s mission is rooted in delivering value, convenience, and reliability to families seeking quality products on a budget.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Educational Services - - - Jan 0000
Around the Clock Fitness Inc Retailer - $9.99 - Jan 0000
Double Read Bookstore Retailer - $9.99 Lorem Ipsum Jan 0000
Retailer - $9.99 - Jan 0000

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 4239
  • 1,470 SF
  • Retail
  • In-Line
  • Now

Spacious retail suite with 1,470 sqft available.

Space Size Space Use Position Available
4239 1,470 SF Retail In-Line Now

4239

Size
1,470 SF
Space Use
Retail
Position
In-Line
Available
Now

4239

Size 1,470 SF
Space Use Retail
Position In-Line
Available Now

Spacious retail suite with 1,470 sqft available.

NEARBY MAJOR RETAILERS

Lowe's Market
7 Brew Coffee
Denny's
Texas Burger

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
28600-00384-00000
Land Assessment
$1,417,143 CAD
Improvements Assessment
$5,077,704 CAD
Total Assessment
$6,494,847 CAD
  • Listing ID: 37692663

  • Date on Market: 2025-09-16

  • Last Updated:

  • Address: 621-625 E 42nd St, Odessa, TX 79762

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