Investment Overview

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. The 5-mile population has a steady growth rate and currently reports over 27,290 residents with an average household income of $79,290. Within 3 miles the population is 23,279 and has an average household income of $74,628. The proximity to major highways also provides convenient accessibility with most commutes under 30 minutes for residents within 5-miles. Ardmore has a strong economic presence with major employers in the area such as Mercy Hospital and the Dollar General Distribution Center. There are multiple new development projects including Dot Food's $13.9 million expansion and new hydrogen production facility by Woodside Energy. The city is actively working on revitalizing their main street with their Vision 2025 Initiative, a new family fun park, and infrastructure investments exceeding $3.5 million annually. Ardmore, Oklahoma is positioned halfway between Oklahoma City and the Dallas/Fort Worth area, connected by Interstate 35