700 W Main St
Norman, OK 73069
Outer Norman
HIGHLIGHTS
- 700 W Main Street is a 11,040 SF freestanding retail building with ample parking, a drive-thru, and prominent signage opportunities.
- The former CVS is at a bustling corner with ample parking, a rare luxury in Norman, a mile from The University of Oklahoma campus.
- $2.8B in annual consumer spending within a 10-mile radius, and the building stands to gain much of that exposure with traffic counts of 34,601 VPD.
- The more than 26,000 students enrolled in the university helped keep vacancy rates down during the pandemic, only rising by 0.7% at their peak.
- Ownership is very keen on strong credit leasing opportunities. Contact Randall Perry for more details.
OVERVIEW
Price Reduced - Acquire an 11,040-square-foot former CVS located on a busy corner a mile from The University of Oklahoma campus. The building features a drive-thru and sits on a 1.43-acre lot with an abundance of corner parking, a rarity in Norman. 700 W Main Street sees combined traffic counts of more than 34,000 vehicles per day and has 450+ feet of frontage for prominent signage opportunities on two sides.
o - Parcel size may present SPLIT PAD opportunity
o - 1031 READY
FOR SALE DETAILS
PRICE
$2,700,000 USD
PRICE/SF
$245 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
51
LAND DETAILS
LAND ACRES
1.43 AC
LAND SF
62,291 SF
ZONING
AC9
APN/PARCEL ID
R0032823
ASK ABOUT THIS PROPERTY
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321-999-9225
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321-999-9225
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