2401 12th Ave NW, Ardmore, OK 73401

Ardmore Commons is a dominant 137,786 square foot power center located in the heart of Ardmore, Oklahoma. The property is 85% occupied and offers a value-add opportunity with a pro-forma 8.90% cap rate through leasing two vacancies and converting Hibbett to paying full rent. The property includes the power center along with three pads that are separately parceled and can be spun off at lower cap rates.

The shopping center features a dynamic mix of national and regional tenants, with over 74% leased to nationally recognized brands. Approximately 60% of the gross leasable area has been occupied by tenants for 10+ years, demonstrating long-term commitment to the site. Ardmore Commons benefits from a competitive advantage over nearby shopping centers due to immediate access to Interstate 35 and 1,200 feet of frontage on 12th Avenue NW, the main east-west artery in town.

Ardmore is strategically positioned as the midway point on I-35 between Dallas and Oklahoma City, two extremely high-growth metropolitan statistical areas in the United States. The immediate area is home to numerous national retailers including Lowe's, Albertson's, Academy Sports & Outdoors, Walmart Supercenter, Old Navy, Five Below, Burlington, PetSmart, Chick-fil-A, Starbucks, Hobby Lobby, TJ Maxx, Ulta Beauty, JCPenney, Aaron's, and Planet Fitness.