Heroes Plaza Shopping Center

Investment Overview

NETNETDIRECT, on behalf of Ownership, is pleased to offer for sale 2421-2429 N County Road W., Odessa, Texas 79763. The Property consists of a 60,140 SF building situated on a 3.39 acre parcel of land in the rapidly growing community of Odessa, TX, directly in a strong retail corridor, just minutes away from major grocers like H-E-B and Walmart. The Property was constructed in 1969, and has 8 total suites with one space currently vacant, offering an opportunity for an increased return. The center is anchored by TruFit, a San Antonio based, corporate operated, low cost health club. The lease has a corporate guarantee from TruFit and has 3.8 years remaining on the lease with 3, 5-year renewal options.

Investment Highlights

• TENANT WITH STRONG OPERATING HISTORY AND CORPORATE GUARANTEE - TruFit Athletic Clubs is a chain of fitness centers based in San Antonio, TX. TruFit owns and operates 40+ fitness locations across Texas and Tennessee with more locations planned. Estimated annual revenue is $152.2M per year.
• 17.5% VACANCY FACTOR - The property is currently 82.5% occupied, allowing for increased return through lease-up. This vacancy has been leased by Spirit Halloween in the past, providing seasonal income.
• BELOW MARKET RENTS | SHORT-TERM LEASES - Multiple tenants have leases close to expiration with no options and rates below market rents, offering the opportunity for a new owner to push for higher rates on lease renewals and new leases.
• EXCELLENT LOCATION IN PATH OF GROWTH - Situated with excellent access and visibility on N County Rd W (27,802 VPD) and W University Blvd (22,180 VPD) with more than 22,000 households within 3 miles. Population forecasted to exceed 215,000 by 2040.
• INCOME TAX-FREE STATE - Texas is one of a select few states that does not have a state income tax.
• NEW PARKING LOT - Parking lot was patched, re-sealed and re-striped as of March 2025.