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938 N Flood Ave
2,800 - 4,600 SF of Retail Space Available in Norman, OK 73069
Highlights
- High visibility in central Norman location
- Room to expand
- Large parking lot and more parking behind building
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor | 2,800-4,600 SF | 10’ | 3-5 Years | $14.00 /SF/YR $1.17 /SF/MO $64,400 /YR $5,367 /MO | Triple Net (NNN) |
1st Floor
Highly visible commercial space located on N. Flood Ave, between Robinson Ave and Acres St., just minutes from downtown Norman and OU's campus. Only $14/SF + NNN fee, estimated at $2.25. Previous tenant was Oklahoma Axe Factory (axe throwing bar), and the existing floorplan can accommodate multiple tenant uses with a total of 2800 SF. Building was updated in 2020 with new foam roof, new 3 phase electric service and 200 amp panel, new plumbing, lights and interior and exterior paint. The building comes built out two ADA compliant bathrooms, one office, a bar area, two deep closets for storage, and a ton of open space where last tenant hosted parties and axe throwing lanes. Currently setup perfectly for a bar/restaurant, or a very cool retail space....even an office with some nice open common areas for lounging/conferencing. Tons of parking in the extra deep parking lot, or in back where there is a large commercial lot also owned by Landlord. Listing agent is the owner of the property and can show with little notice.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- Exposed Ceiling
- Secure Storage
- Finished Ceilings: 10’
- Wheelchair Accessible
- Highly visible
- Remodeled in 2020
- Flexible floorplan for bar/restaurant or retail
- Large parking lot
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS FOR 938 N Flood Ave , Norman, OK 73069
| Min. Divisible | 2,800 SF | Gross Leasable Area | 4,600 SF |
| Property Type | Retail | Year Built | 1974 |
| Property Subtype | Freestanding | Parking Ratio | 10.87/1,000 SF |
| Min. Divisible | 2,800 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 4,600 SF |
| Year Built | 1974 |
| Parking Ratio | 10.87/1,000 SF |
About the Property
Highly visible commercial building located on N. Flood Ave south of Robinson Ave and just north of Acres St., minutes from downtown Norman and OU's campus. Only $14 a SF + NNN fee, estimated at $2.25. Previous tenant was Oklahoma Axe Factory (axe throwing bar), and the existing floorplan can accommodate multiple tenant uses with a total of 2800 SF. Adjacent suite to the North can be combined for a total contiguous floorplan of 4600 SF. Building was updated in 2020 with new foam roof, 3 phase electric service with 200 amp panel, plumbing, light fixtures, metal spiral air ducts and new RTU, 2 ADA compliant restrooms, water heater, glass double entry doors, and interior/exterior paint. The building comes built out two ADA compliant bathrooms, one office, a bar area, two deep closets for storage, and a ton of open space where last tenant hosted parties and axe throwing lanes. Current setup is perfect for a bar/restaurant, a very cool retail space, or even an office with some open common areas for lounging/conferencing. Lots of room for parking in front with the extra deep parking lot, plus more parking in back where there is a large commercial lot with gravel, also owned by Landlord. Listing agent is the owner of the property and can show with little notice.
- Storage Space
- Air Conditioning
Nearby Major Retailers
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938 N Flood Ave
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