2240 12Th Ave Ardmore, OK 73401
- Retail space
- 4,248 SF
- 0.97 lot acres
Current Use by Public Records
- AT&T Store / Cell Phone Store / Cell Phone Accessory Store
Property Details for 2240 12Th Ave
- Year built
- 2014
- Lot size
- 0.97 lot acres
- Property size
- 4,248 SF
- Property type
- Retail space
- APN
- 0790-00-001-001-0-001-00
- APU
- 79000001001000100
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ardmore
- County
- Carter
- State
- Oklahoma
- Longitude
- -97.1579
- Latitude
- 34.1871
- CBSA code
- 11620
- CBSA name
- ARDMORE, OK MICROPOLITAN STATISTICAL AREA
