Grocery Anchored Value Add Center – Ardmore Plaza
Sales Price: $7,200,000
Cap Rate: 7.35%
205 N. Commerce Street, Ardmore, OK
78,582 SF on 7.26 Acres +/-
- NOI: $529,436
- Occupancy: 96.2%
- Built 1998
- Homeland Grocer has anchored the center since 1997 (29 Years of Occupancy)
- Per Placer AI, this Homeland location is ranked 12th out of 33 locations nationwide with over 373,000 annual visits.
- Compelling Mark-to-Market Opportunity: Current average rents for small-shop space in the center is $12.71/SF which is below market.
