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    2240 12Th Ave Ardmore, OK 73401

    Sponsored
    For Sale
    $2,772,000

    High-traffic Ardmore retail investment.

    Property size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 4,500 square foot, single-tenant AT&T storefront located at 2240 12th Ave NW, Ardmore, OK 73401. The property, built in 2014, sits on a 0.97-acre lot and boasts a Class A, Net Lease (NN+) structure with a corporate guarantee. The current lease, commencing October 15, 2014, and expiring October 31, 2029, has a remaining term of approximately 4.9 years, with a single five-year lease option. The asking price is $2,772,000, representing a price per square foot of $616 and a 6.25% cap rate based on a current Net Operating Income (NOI) of $173,250. The property enjoys 100% occupancy and benefits from a rent bump scheduled for November 1, 2026, increasing rent by $39.50. This strategically located property is situated on a high-traffic retail corridor (over 22,000 vehicles per day) and is surrounded by other national retailers such as Lowe's, AMC Theatres, and Discount Tire, ensuring strong visibility and consistent customer traffic. This investment offers a stable cash flow and provides a hedge against inflationary pressures, making it an attractive opportunity for discerning investors seeking a secure, long-term return.

    Property Features for 2240 12Th Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,500 SF
    Class
    A
    Lot Size
    42,253 SF

    Building Details

    Year Built
    2014
    Buildings
    1
    Stories
    1

    HighLights

    • AT&T‑leased retail property at 2240 12th Avenue NW, Ardmore, OK.
    • 4,500 SF building on a 0.97‑acre lot.
    • NNN lease with 4.9 years remaining, plus a five‑year option.
    • High‑traffic location on 12th Avenue (22,000+ VPD), near Lowe's, AMC Theatres, and other national retailers.
    • Strong, stable cash flow; 6.25% cap rate, $173,250 NOI.
    Property Profile Location Intelligence

    Current Use by Public Records

    AT&T Store Cell Phone Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ardmore
    County
    Carter
    State
    Oklahoma
    Longitude
    -97.1578991
    Latitude
    34.1870928

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic Ardmore retail investment.
    Where is this individual retail property located?
    The property is located at 2240 12Th Ave Ardmore, OK.
    What is the asking price?
    The asking price for this property is $2,772,000.
    What are key features of this property?
    This property features: AT&T-leased retail property at 2240 12th Avenue NW, Ardmore, OK.; 4,500 SF building on a 0.97-acre lot.; NNN lease with 4.9 years remaining, plus a five-year option.
    Request Owner's contact information
    2240 12Th Ave Ardmore, OK 73401
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    Ardmore, OK 73401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2240 12Th Ave Ardmore, OK 73401
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