Winwood Town Center_Property for Sale
Winwood Town Center_Property for Sale

Winwood Town Center

3801 E 42nd St, Odessa, TX, 79762-5947, US

Description

Jones Lang LaSalle Americas, Inc. (“JLL”) proudly presents Winwood Town Center (the “Property”), an exceptional investment opportunity as a 100% leased, 372,534 SF shopping center with outstanding stability through 93% national tenancy and 78% investment-grade occupancy. As the #1 shopping destination in Midland/Odessa with 6.2M+ annual visitors, the property features a rare dual-anchor arrangement with both Target and HEB on lease. One of only two such centers in Texas, the Property provides exceptional stability while both pay significantly below-market rents (Target 78.75% below, HEB 21.93% below) that mitigates against vacancy risk. The 14/22 tenants expiring without options is supported by a substantial 32.26% mark-to-market opportunity.


Strategically positioned with visibility to 84,780 daily vehicles in the Permian Basin, which generates 48% of U.S. oil production, the center demonstrates remarkable tenant loyalty with 22.5-year average tenure while offering multiple value-add opportunities including potential pad site sales and a side strip projected to increase in revenue 84% over the 10-year hold period.

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Attributes

Building area gross
372,534 sf
Year built
1987
Land area gross
40.44 acres
Occupancy
100%

Media

Investment highlights

  1. Top performing retail center with super regional draw
  2. Target and H-E-B on leases (Avg. $5 PSF annual rent)
  3. 4 nationally recognized pads (Avg. $88k annual rent)
  4. Top tier credit tenancy (78% of GLA)
  5. #1 most visited shopping center in Midland/Odessa
  6. Value-add opportunity 64% of tenants expiring without options
Winwood Town Center 4_Property for Sale
Winwood Town Center 4_Property for Sale

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Winwood Town Center (0 Properties)

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Last updated
Sep 4, 2025