Walgreens

1707 W 8th St, Odessa, TX 79763

Property Information

  • For Sale $4,975,000
  • Property Type Retail - Street Retail
  • Property Size 14,820 SF
  • Lot Size 1.6 Acre
  • Property Tenancy Single Tenant
  • Year Built 2012
  • Date Updated Sep 23, 2026

Description

Odessa is a major economic center in West Texas and a key hub of the Permian Basin, offering strong opportunities for retail and commercial investment through its strategic location, growing population, and diversified regional economy. Situated along Interstate 20, Odessa provides convenient access to Midland, San Angelo, and other major Texas markets while serving as an important center for energy, transportation, manufacturing, healthcare, education, and professional services. The Permian Basin's continued oil and natural gas activity supports a substantial employment base and generates demand for housing, restaurants, convenience retail, hotels, equipment suppliers, and other service businesses. Odessa's relatively affordable operating costs, expanding infrastructure, and role as a regional service center make it an attractive market for investors seeking long-term commercial growth. Odessa also offers a wide range of amenities that contribute to its appeal for residents, employees, and visitors. The city features numerous shopping centers, restaurants, parks, recreational facilities, golf courses, and entertainment venues, along with cultural attractions such as the Ellen Noël Art Museum, the Presidential Archives and Leadership Library, and the Permian Playhouse. Odessa is also home to the University of Texas Permian Basin and Odessa College, providing higher education, workforce development, and a steady student and employee population. Outdoor recreation, community events, and proximity to the broader Midland-Odessa metropolitan area add to the city's quality of life. With its strong energy-sector foundation, transportation access, growing consumer base, and continuing investment in commercial and residential development, Odessa presents investors with excellent opportunities for retail, hospitality, healthcare, industrial support, office, and mixed-use properties.

Highlights

  • 11 Years remaining on the Initial Lease Term
  • Established residential neighborhoods and strong employment base create consistent demand for essential retail and healthcare services
  • Excellent access to Interstate 20, U.S. Highway 385, State Highway 191, and Loop 338
  • Major regional employers include Occidental Petroleum, Chevron, Diamondback Energy, Halliburton, SLB, Nabors Industries, Medical Center Hospital, Texas Tech University Health Sciences Center, and UT Permian Basin
  • Nearby amenities include Music City Mall, Ellen Nol Art Museum, The Globe Theatre, Ratliff Stadium, McKinney Park, golf courses, and numerous recreational facilities
  • NNN lease structure designed to provide dependable long-term income with limited landlord responsibilities
  • Part of the expanding Midland-Odessa metropolitan area
  • Strong economy anchored by oil and gas, with additional support from healthcare, education, manufacturing, transportation, construction, hospitality, and retail
  • Surrounded by restaurants, grocery stores, financial institutions, medical facilities, hotels, schools, and national retailers

Contacts

Location

Located at 1707 W 8th St, Odessa, TX 79763, this property is part of the Odessa neighborhood and Midland Odessa market.

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