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Available For Sale - Retail

3,650 SF | Show Pricing $

AVAILABILITY DETAILS

Size
3,650 SF
Price/SF
Show Pricing $
Listing ID
SA449461
Notes
Marcus & Millichap is pleased to present the opportunity to acquire Stanton Optical located in Norman, Oklahoma. This listing offers a new, 10-year, triple net lease, commencing in December 2020. There are two, five-year renewal options with 10 percent rent increases every five years throughout the base term and option periods. This is a brand-new location, currently under construction and recently opened.

The subject property is at the signalized intersection of Main Street and 26th Street. Main Street is a major retail corridor with a daily traffic count of more than 32,800 vehicles. Stanton Optical is one half mile from Sooner Mall which is anchored by Dillard’s, JCPenney and Old Navy. Other surrounding national retailers include Home Depot, Walmart Supercenter, Lowe’s, Sam’s Club, Target, TJ Maxx, Best Buy, Aldi, PetSmart, Logan’s Roadhouse, Red Lobster, Olive Garden, Panda Express, Chick-fil-A, Panera Bread and many more. The property is located directly off Interstate 35 which is the major roadway running through the area with more than 69,800 vehicles daily. And is less than three miles from the University of Oklahoma, with an enrollment of more than 34,000 students and faculty.

Norman, Oklahoma is 19 miles South of Oklahoma City, the state’s capital city and the most populous city in the state with 647,000 million residents. The metro is expected to add 76,000 people over the next five years. The major employers include the State of Oklahoma, Tinker Air Force Base and the FAA Mike Monroney Aeronautical Center.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Barry Wolfe, Wolfe-Lipsky Retail Group of Marcus & Millichap