1655-1665 12th Ave NW - Freestanding FOR SALE


Ardmore, OK 73401
$5,390,000 USD
512-630-9758
1655-1665 12th Ave NW, Ardmore, OK for Sale
$5,390,000 USD
Freestanding - FOR SALE
1/12
null | 6.75% Cap Rate

1655-1665 12th Ave NW
Ardmore, OK 73401


HIGHLIGHTS

  • New Build-to-Suit Development
  • New 10-Year Corporate Leases
  • 10% Rent Increases Every 5-Years
  • NNN Leases (Landlord Responsible for Roof & Structure)
  • Attractive Adjacent Tenants (Academy, Albertsons, Burkes Outlet, Burlington, PetSmart)
  • $62,000+ 1-Mile Average Household Income

OVERVIEW

Seize this exceptional investment opportunity with a two-tenant retail property situated at 1655-1665 12th Ave, Ardmore, Oklahoma. Newly built in 2024, this prime retail location offers approximately 21,947 square feet of rentable space across two nationally recognized tenants, Five Below and Old Navy, with long-term NNN leases, ensuring a stable, low-maintenance income stream. Five Below: Lease expiring in October 2034 with 10% escalations every five years Old Navy: Lease expiring in June 2034 with similar escalation terms Located strategically along a major retail corridor near Interstate 35, this site benefits from an annual retail trade area generating over $800 million in sales and a local population of over 350,000 within a 10-mile radius. The area’s strong retail demand, coupled with Ardmore's appeal as a central hub between Dallas and Oklahoma City, makes this a prime location for high-traffic retail investment. Strong Demographics: Average household income in the area exceeds $68,000 within a 10-mile radius, with a significant portion of national tenants in neighboring retail centers. This property presents an ideal acquisition for investors seeking a reliable, long-term revenue stream in a growing market. Reach out today to explore this opportunity and secure a foothold in Ardmore's dynamic retail landscape.

FOR SALE DETAILS

PRICE

$5,390,000 USD

PRICE/SF

$571 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Five Below & Old Navy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.94 AC

LAND SF

128,066 SF

ZONING

-

APN/PARCEL ID

0778-00-000-007-0-001-00 01

ASK ABOUT THIS PROPERTY

Klinton LewisEmbree Capital Markets GroupMore Info
512-630-9758

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Klinton LewisEmbree Capital Markets GroupMore Info
512-630-9758

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.