2401 12th Ave NW - Retail FOR SALE


Ardmore, OK 73401
$21,150,000 USD
2401 12th Ave NW, Ardmore, OK for Sale
$21,150,000 USD
Retail - FOR SALE
1/4
null | 7.6% Cap Rate

2401 12th Ave NW
Ardmore, OK 73401


OVERVIEW

85% Occupied 137,786 SF Power Center Located in the Heart of Ardmore, OK Value-Add Opportunity | Pro-Forma 8.90% Cap Through Leasing 2 Vacancies & Converting Hibbett to Paying Full Rent (See Page 7 for More Details) Property Includes the Power Center Along with Three Pads Separately Parceled That Can Be Spun Off at Lower Cap Rates | 6 Tenant McAlister’s Drive-Thru Strip, Single Tenant RibCrib BBQ & Single Tenant Santa Fe Cattle Co. Dynamic Mix of National & Regional Tenants | Over 74% Leased to Nationally Recognized Tenants & 60% of the GLA Has Been There for 10+ Years Demonstrating Long-Term Commitment to the Site Offered at Only $154/SF Ardmore Commons has a Competitive Advantage Over Nearby Shopping Centers due to the Immediate Access to I-35 & 1,200 Feet of Frontage on 12th Ave NW – the Main East/West Artery in Town Ardmore is the Midway Point on I-35 Between Dallas & Oklahoma City – 2 Extremely High-Growth MSAs in the U.S. National Retailers in the Immediate Area Include Lowe’s, Albertson’s, Academy Sports & Outdoors, Walmart Supercenter, Old Navy, Five Below, Burlington, PetSmart, Chick-Fil-A, Starbucks, Hobby Lobby, TJ Maxx, Ulta Beauty, JCPenney, Aaron’s, Planet Fitness, & Many More

FOR SALE DETAILS

PRICE

$21,150,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ardmore Commons

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

642

LAND DETAILS

LAND ACRES

12.23 AC

LAND SF

532,739 SF

ZONING

C1

APN/PARCEL ID

0022-00-001-001-0-000-00

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