Alameda - Shell Structure

1485 Alameda St Norman, OK 73071

1485 Alameda St, Norman, OK, 73071
1485 Alameda St, Norman, OK, 73071
FOR SALE
Property Type:
Street Retail
Amount:
$1,020,500
Last Verified:
Nov 13, 2024

Daily Email Blast
0 times


Highlights

  • NOI $79,410.00
  • CAP Rate 7.75%
  • 5-Year NNN Lease in place with Chaos Factor

Description

Explore a remarkable investment opportunity with this newly renovated retail property located at 1485 Alameda St. With a 5-year NNN lease in place with strong area tenant Chaos Factory, this opportunity boasts high visibility and accessibility on Alameda. Annual rent increases and a 7.75% CAP.

A prime retail center location in the heart of Norman. Situated on the southwest corner of Alamada St it enjoys high visibility and constant foot and vehicular traffic. Located off of the busy 12th St thoroughfare, this retail has proximity to walkable residential, national and regional chains, including KFC, McDonald's, Homeland, Cain's, Chick-fil-A, and Walgreen's.


Year Built: 2003
Building Size: 7941sq ft
Lot Size: 0.54 acres


Documents

Sale Brochure (L)

Map of 1485 Alameda St, Norman, OK, 73071

Presented by:
Fleske Holding Company

Request additional information
Nick Tyler


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.