1049 NE 12th St | Norman, OK 73071
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- LoopNet Team
1049 NE 12th St
Norman, OK 73071
IHOP Retail Strip · Retail Property For Sale
Investment Highlights
- National Credit Tenant with Exceptional Operator: 42% of the center is occupied by IHOP, which is operated by an award-winning operator with over 100
- ‘Consumer Experience’ Tenant Base: The Property is virtually immune to the forces of the internet, as the tenants cater to an ‘in-person’ experience.
- Proximity to National Grocer: The Property benefits from its proximity to one of only two Walmarts in Norman, OK. That being said, the tenants in the
- Built-in Updates: 42% of center has contractual rental escalations structured in their lease virtually guaranteeing future income growth over the next
- Exceptional Positioning with High Traffic Counts: The asset benefits from its position on 12th Avenue, a major thoroughfare with more than 30,000 vehi
- High Growth Trade Area: The population has increased 13.05% within five miles of the center since 2010 and is expected to grow an additional 6% in the
PROPERTY FACTS
Property Type
Retail
Building Size
9,600 SF
Building Class
B
Year Built
2011
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.24 AC
Zoning
C
Parking
40 Spaces (4.16 Spaces per 1,000 SF Leased)
Frontage
118 FT on 12th Ave
Amenities
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | R0159491 | Improvements Assessment | $76,424 |
| Land Assessment | $64,754 | Total Assessment | $141,178 |
PROPERTY TAXES
Parcel Number
R0159491
Land Assessment
$64,754
Improvements Assessment
$76,424
Total Assessment
$141,178
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