NORTH WIND CROSSING SHOP SPACE. Odessa, TX 18,000 SF $ SF/yr. Presented By

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Jacob Richardson
5 years ago
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1 NORTH WIND CROSSING SHOP SPACE Presented By

NORTH WIND CROSSING SHOP SPACE OFFERING SUMMARY Available SF: 1,000-7,400 SF Lease Rate: $16.50-24.

2 NORTH WIND CROSSING SHOP SPACE OFFERING SUMMARY Available SF: 1,000-7,400 SF Lease Rate: $ SF/yr (NNN) Lot Size: 2 Acres INVESTMENT IN THE PERMIAN Texas is the number one oil and natural gas producer in American thanks to the Permian Basin. It is projected that the revival of the Permian Basin will last decades. Midland-Odessa Regional Economic Index has set the stage for recovery. U.S. shale oil is attracting billions of investment dollars and the Permian Basin stands above the rest. This basin has unique geology and well established infrastructure. Investment dollars will pile up in west Texas. The Permian Basin represents enormous value with multiple pay zones. This market drives growth and infrastructure in place to develop it. ECONOMIC GROWTH Year Built: 2018 Building Size: 18,000 SF Zoning: Retail Traffic Count: 24,000 A diversified economy ensures consistent economic growth. Enhanced roadways with landscaping and medians encourages circulation within the development for pedestrians, cyclist, vehicles and area mass transit. Odessa offers business incentives with improved gateways into the city. Now more affordable housing exists with access to public spaces and entertainment venues. Midland-Odessa benefits from the increased density and economic activity. This market ranked seventh and 12th, respectively, on 2016 U.S.'s fastest growing cities list. Odessa has experienced phenomenal growth. The region is still bustling. Increased production and job growth will further raise per capita income above the nation's. brian@

3 PROPERTY OVERVIEW Making up the hub of the Petroplex, Midland-Odessa produces a total of one-fourth of the entire nation's oil and gas. Combining for the fastest-growing region in the United States from 2010 to 2015, according to the U.S. Census Bureau. These metro areas were among the top 20 fastest growing metro areas between 2014 and LOCATION OVERVIEW Parks Bell Ranch North is becoming one of the most desirable and affluent areas of Odessa. It is an active, desirable and highly coveted space with direct access to Loop 338. NWX will boast outstanding visibility from two exceedingly traveled thoroughfares in Odessa, E Yukon Road and Faudree Road, exposing the center to over 20,000 vehicles per day. With recent development and growth this corridor is ideal for a mixture of food, entertainment and neighborhood services. POPULATION Odessa has thrived with the influx of companies and new workers. Odessa is the 28th most populous city in the state of Texas. The population totals nearly 114,000 people and grew by over 12% - that's double the national average. Within a 3-mile radius average household income boasts over $101,000, which caters perfectly to the need for more retail. This necessity-based shopping center will experience a steady flow of customers. DIVERSIFIED ECONOMY Government, leisure & hospitality and trade, transportation & construction now represent a significant share of Odessa's total employment base, with professional & business services and financial activities also experiencing substantial gains in recent years. RETAIL MARKET OVERVIEW The Odessa retail market has a 97.7% overall occupancy rate. Occupancy in Odessa has historically been very strong, remaining above 95% since With corporate investment and consumer spending increase driving retail sales, Ector County was recently ranked fourth among Texas markets for retail sales growth at 8.2%. As a sign of continued strength, brian@

4 Lease Rate: $ SF/YR (NNN) Total Space 1,000-7,400 SF Lease Type: NNN Lease Term: years SPACE SPACE USE LEASE RATE LEASE TYPE SIZE (SF) TERM COMMENTS The Shops at TX 588 Neighborhood Center $16.50 SF/YR NNN 1,000 SF 60 months The Shops at TX 588 Neighborhood Center $16.50 SF/YR NNN 1,200 SF 36 months The Shops at TX 588 Neighborhood Center $17.00 SF/YR NNN 1,100 SF 60 months The Shops at TX 588 Neighborhood Center $17.00 SF/YR NNN 1,100 SF Negotiable The Shops at TX 588 Neighborhood Center $22.50 SF/YR NNN 7,400 SF 120 months The Shops at TX 588 Neighborhood Center $24.00 SF/YR NNN 6,500 SF 120 months brian@

5 SHOPS AT NORTH WIND CROSSING

7 3 MILES 5 MILES 10 MILES Total households 2,570 14,616 48,867 Total persons per hh Average hh income $101,521 $82,721 $66,219 Average house value $177,009 $148,616 $123,584 3 MILES 5 MILES 10 MILES Total population 6,264 37, ,331 Median age Median age (male) Median age (female) * Demographic data derived from 2010 US Census brian@

PROPERTY HIGHLIGHTS Largest continuous oil and gas deposit ever discovered in the United States Ranked #3 in job growth (Odessa) - Forbes 2016 Midland-Odessa was the fastest growing region in the

9 PROPERTY HIGHLIGHTS Largest continuous oil and gas deposit ever discovered in the United States Ranked #3 in job growth (Odessa) - Forbes 2016 Midland-Odessa was the fastest growing region in the United States for the past five years with a population growth over 33% (U.S. Census Bureau) and is expected to grow over 12% from (Nielson Demographics) Immediate consumer base featuring substantial disposable income Average household income within a 3-mile radius of the Property is approximately $101,000 Odessa features a cost of living index of 90 Direct access to Highway 191, the main thoroughfare between Midland and Odessa Within Odessa and Midland most major tenants will have locations in each city leaving a vast 100-mile radius before reaching another store location North Wind Crossing will draw from a larger consumer base due the immense trade area created by strategically placing locations throughout west Texas. brian@

H U R D D E V E L O P M E N T GRAND AVENUE DEVELOPMENT SITE & G R A N D A V E. D E S M O I N E S, I O W A

H U R D D E V E L O P M E N T GRAND AVENUE DEVELOPMENT SITE 2 2 0 & 3 0 0 G R A N D A V E. D E S M O I N E S, I O W A 5 0 2 6 5 R ICHIE HURD V I C E P R E S I D E N T 5 1 5. 7 7 8. 1 0 0 9 r i c h i e.