Shops at Ardmore is a 230,470-square-foot shopping center sitting on 18.23 acres. The center features both direct exterior tenants and interior tenants. Anchored by Hobby Lobby, TJ Maxx, Staples, and Ulta (45% of GLA), Shops at Ardmore features a strong mix of national, regional, and local tenants. The shopping center includes 41 tenant suites and four kiosks within the main building as well as two pad sites. the building had a new roof installed in 2016 with a 20 year Firestone Red Shield transferable limited warranty. There are four pad sites not part of the property that sit within the lot, as well as a JC Penny store that is connected to the main building.
The Shops at Ardmore is strategically located on the main retail corridor through downtown Ardmore, OK. Positioned near the intersection of Interstate 35 and US Highway 70, Commerce Street benefits from local traffic and regional shoppers with 17,550 vehicles per day. Interstate 35 sees an average of 24,458 vehicles per day, and US Highway 70 reports over 16,500 vehicles per day.
- 230,470-Square-Foot Multi-Tenant Shopping Center Sitting on 18.23 Acres
- 65% Occupied | A Mix of NNN and Gross Leases
- Rents are Substantially Below Market | Value-Add Opportunity
- Priced Well Below Cost Of Replacement at $59.01/SF
- Complementary Retail Mix With Regional and National Tenants
- Anchored by Hobby Lobby, TJ Maxx, Ulta, and Staples | 41 Tenant Suites, 2 Pad Sites, 4 Interior Mall Kiosks
- New Roof Installed in 2016 | 20-Year Firestone Red Shield Transferable Limited Warranty
- Roughly Over 2 Million Visitors Per Year (Placer.ai) | Top 78% Of Shopping Centers in the US
- Located on a Hard Corner Between Commerce Street (17,550 VPD) and 12th Avenue NW (15,033 VPD) | Prime Position in Ardmore’s Downtown Business District
- Situated at the Intersection of Interstate 35 (24,458 VPD) and US Highway 70 (16,595 VPD) | Benefits from Local Traffic and Regional Shoppers
- Surrounded by Major Employers Such as Mercy Hospital (1,551 Employees) and Dollar General Distribution Center (926 Employees)
- Active Main Street Revitalization Program | Infrastructure Investments Exceeding $3.5M Annually | Ongoing Road Expansion Leading into Brand New Albertsons and Academy Sports Behind Property
- New 174,000-Square-Foot Distribution Center for Dot Foods | Total Campus Is Just Over 200,000 Square Feet | 2.2 Miles South of Property
- Development of a New Liquid Hydrogen Production Facility for Woodside Energy’s H2OK Project
