Five Below & Old Navy | 1655-1665 12th Ave NW
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Five Below & Old Navy 1655-1665 12th Ave NW
21,947 SF 100% Leased Retail Building Ardmore, OK 73401 $7,580,496 CAD ($345 CAD/SF) 6.75% Cap Rate
Investment Highlights
- New Build-to-Suit Development
- 10% Rent Increases Every 5-Years
- Attractive Adjacent Tenants (Academy, Albertsons, Burkes Outlet, Burlington, PetSmart)
- New 10-Year Corporate Leases
- NNN Leases (Landlord Responsible for Roof & Structure)
- $62,000+ 1-Mile Average Household Income
Executive Summary
Seize this exceptional investment opportunity with a two-tenant retail property situated at 1655-1665 12th Ave, Ardmore, Oklahoma. Newly built in 2024, this prime retail location offers approximately 21,947 square feet of rentable space across two nationally recognized tenants, Five Below and Old Navy, with long-term NNN leases, ensuring a stable, low-maintenance income stream.
Five Below: Lease expiring in October 2034 with 10% escalations every five years
Old Navy: Lease expiring in June 2034 with similar escalation terms
Located strategically along a major retail corridor near Interstate 35, this site benefits from an annual retail trade area generating over $800 million in sales and a local population of over 350,000 within a 10-mile radius. The area’s strong retail demand, coupled with Ardmore's appeal as a central hub between Dallas and Oklahoma City, makes this a prime location for high-traffic retail investment.
Strong Demographics: Average household income in the area exceeds $68,000 within a 10-mile radius, with a significant portion of national tenants in neighboring retail centers.
This property presents an ideal acquisition for investors seeking a reliable, long-term revenue stream in a growing market. Reach out today to explore this opportunity and secure a foothold in Ardmore's dynamic retail landscape.
Five Below: Lease expiring in October 2034 with 10% escalations every five years
Old Navy: Lease expiring in June 2034 with similar escalation terms
Located strategically along a major retail corridor near Interstate 35, this site benefits from an annual retail trade area generating over $800 million in sales and a local population of over 350,000 within a 10-mile radius. The area’s strong retail demand, coupled with Ardmore's appeal as a central hub between Dallas and Oklahoma City, makes this a prime location for high-traffic retail investment.
Strong Demographics: Average household income in the area exceeds $68,000 within a 10-mile radius, with a significant portion of national tenants in neighboring retail centers.
This property presents an ideal acquisition for investors seeking a reliable, long-term revenue stream in a growing market. Reach out today to explore this opportunity and secure a foothold in Ardmore's dynamic retail landscape.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
21,947 SF
Building Class
B
Year Built
2024
Price
$7,580,496 CAD
Price Per SF
$345 CAD
Cap Rate
6.75%
NOI
$511,643 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Land Acres
2.94 AC
Amenities
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Five Below
- Retailer
- 9,447 SF
- $25.28 CAD
- Net
- Oct 2034
- Old Navy
- Retailer
- 12,500 SF
- $21.77 CAD
- Net
- Jun 2034
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Five Below | Retailer | 9,447 SF | $25.28 CAD | Net | Oct 2034 | |
| Old Navy | Retailer | 12,500 SF | $21.77 CAD | Net | Jun 2034 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0778-00-000-007-0-001-00 01 | Improvements Assessment | $0 CAD |
| Land Assessment | $197,458 CAD | Total Assessment | $197,458 CAD |
PROPERTY TAXES
Parcel Number
0778-00-000-007-0-001-00 01
Land Assessment
$197,458 CAD
Improvements Assessment
$0 CAD
Total Assessment
$197,458 CAD
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Embree Capital Markets Group
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Five Below & Old Navy | 1655-1665 12th Ave NW
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