Highlights Sales Price - $410,000 Cap Rate- 9.5% Value-add through development of raw land tract Gross Leases Low average rent/sf ($6.04/sf) Priced below replacement cost ($34.17/sf) Description Coldwell Banker Commercial, Capital Advisors is pleased to offer for sale North Plaza Shopping Center in Odessa, TX. The subject property is located at the NEC of N Dixie Blvd and E 52nd Street. The subject consists of six Tenants and also includes a raw tract of land that is approximately .09 acers in size. The property is located approximately 1.5 miles from national and regional retailers including HEB, Chick-fil-A, Taco Bell, Chipotle, Starbucks, Burger King, Pizza Hut, Jack in the Box, Target, Michael's, Office Depot, and Petsmart.

The subject property is located at the NEC of E 52nd Street and N Dixie Blvd in Odessa, TX. The property is located approximately one and a half miles from national and regional retailers including HEB, Chick-fil-A, Taco Bell, Chipotle, Starbucks, Burger King, Pizza Hut, Jack in the Box, Target, Michael's, Office Depot, and Petsmart.

The subject is located north of Interstate 20 which provides east-west transportation throughout Texas towards El Paso to the west and Abilene further on to Dallas/Fort Worth to the east. Other primary thoroughfares in the area include Business Interstate 20, FM 1788, Highway 191, and Loop 250.

The subject is located approximately two miles from Music City Mall. Music City Mall is a regional shopping mall located in Odessa, Texas. Located northeast side of Odessa, along Highway 191, across from University of Texas-Permian Basin, it opened in 1980 as Permian Mall. The mall itself houses over 100 businesses and has the only ice skating facility within 300 miles. The mall has a gross leasable area of 750,000 square feet. The mall also houses the

location for CBS affiliate KOSA-TV, which moved here after its purchase in 2000. The anchor stores are J.C. Penney, Dillard's, Burke's Outlet and Burlington Coat Factory and an 11-screne movie theater.