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24700397
20847611

2240 12th Ave NW, Ardmore, OK 73401 For Sale

LB
TX 586493
Foremark Inc
Listed by Foremark Inc
$2,475,000
606 days on market
Updated 109 days ago

AT&T Ardmore

Details
Property Type Retail
Sub Type Storefront
Square Footage 4,500
Cap Rate 7.00%
NOI $173,250
Occupancy 100%
Tenancy Single
Brand/Tenant AT&T
Lease Type NNN
Lease Term 15
Lease Expiration 10/30/2029
Remaining Term 4.9
Rent Bumps Yes
Lease Options 1 (One) 5 (Five) - Year Option
Price per SqFt $616
Class A
Year Built 2014
Buildings 1
Stories 1
Acreage 0.970
Tenant Credit Corporate Guarantee
Lease Commencement 10/14/2014
Occupancy Date 10/14/2014
Ground Lease No

Retail | 7.00% CAP | 4,500 SqFt

Marketing description

The Foremark Team is pleased to present to qualified investors the opportunity to acquire the asset and lease interest of the single tenant AT&T retail property located at 2240 12th Avenue NW, Ardmore, OK 73401 (“Subject Property”).

The Subject Property was leased to AT&T New Cingular Wireless PCS, LLC in 2014. The 4,500 square foot building sits on a ±.97 acre lot and has a over 4 years of term left with with a 1 x 5 year option. This is a NNN lease where a future owner can enjoy minimal landlord responsibilities.

This investment opportunity will provide sustainable cashflow and protection against inflationary forces to a future owner.

This location along 12th Avenue is ideal for AT&T. 12th Avenue is a high traffic retail corridor which sees over 22,000 VPD and is one of the main east/west thoroughfares through the City of Ardmore. This AT&T property benefits from immediate proximity to Lowe’s, AMC Theater, Discount Tire, and a variety of additional, national restaurant and retail brands.

Listing Contacts

LB
TX 586493
Foremark Inc
Listed by Foremark Inc

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$173,250.00
$14,437.50/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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