1485 Alameda St Norman, OK 73071-3010

This exceptional 7,941 square foot retail property, located at 1485 E Alameda St in Norman, Oklahoma, presents a compelling investment opportunity. Built in 2003 and extensively renovated in 2024, the property boasts 100% occupancy under a 5-year NNN lease with a strong tenant, Chaos Factory. The lease includes annual rent increases, ensuring a stable and growing income stream. Situated on a 0.537-acre lot, the property benefits from high visibility and accessibility on Alameda Street, a major thoroughfare in Norman. The property is zoned C2, allowing for a variety of commercial uses. The Net Operating Income (NOI) is $79,410, resulting in an attractive 7.75% capitalization rate. This turnkey investment offers a secure and profitable return with minimal management responsibilities due to the NNN lease structure. The property's recent renovation ensures modern amenities and long-term value. This is an ideal opportunity for investors seeking a stable, high-yield retail investment in a thriving Oklahoma market. The property's location in Cleveland County, zip code 73071, provides easy access to a large customer base. This multi-tenant property offers a diversified income stream and significant upside potential.