Drugstore For Lease • 11,040 SF
| Name | Space Use | Size | Rent | Details |
|---|---|---|---|---|
| 1st Floor Ste | Retail | 11,040 SF | Rate Upon Request | |
Freestanding former CVS located on a busy signalized intersection that sees over 34,000 vehicles per day. The building sits a mile away from The University of Oklahoma campus and neighbors a beloved bagel shop, sure to entice the more than 26,000 enrolled students. Norman is also the third-largest city in the state of Oklahoma and its retail sector was almost unphased by the pandemic due to its robust built-in consumer base. Ownership is open to repurpose budgeting for qualified end-users.
|
||||
700 W Main Street holds a commanding corner a mile from The University of Oklahoma campus, providing an idyllic vantage point to thrive in the home of the Sooners. The 11,040 SF former CVS features a drive-thru benefiting from combined traffic counts of more than 34,000 vehicles per day and 450+ feet of frontage for prominent signage on 1.43 acres. The freestanding retail building sits on approximately 1.43 acres with an abundance of corner parking, a rare luxury this close to campus, creating the potential for outdoor seating and events. Ownership is also open to repurpose budgeting for qualified end-users so tenants can take this blank canvas and establish a novel identity in this vibrant college town. While The University of Oklahoma is the centerpiece of Norman, the town is prolific in its own right. It is the third-most populous city in the state and has grown by more than 15% since 2010, with no signs of slowing down. As the pandemic ravaged retail sectors across the nation, the college backbone of the town kept retail afloat, and vacancy rates only rose by seven-tenths of a percent at their peak. The more than 26,000 students enrolled at The University of Oklahoma and 225,321 residents in a 10-mile radius contribute to nearly $2.8 billion in annual consumer spending. Much of that revenue is concentrated in the immediate surroundings of 700 W Main Street with Norman’s Historic Downtown and its bustling thoroughfare of breweries, cocktail lounges, and trendy bistros a half-mile away. The property’s central location stands to draw an abundance of foot traffic with Norman High School across the street, some 500 apartment units less than a mile away, and its positioning next to a Sooner favorite, Old School Bagel Café. With a rare corner footprint in a town teeming with activity, 700 W Main Street is perfectly positioned to be the town’s new favorite destination. Just in time for the 2022 college football season.
| 700 W Main Street is an 11,040 SF freestanding retail building with ample parking, a drive-thru, and prominent corner signage opportunities. |
| The property is a mile from The University of Oklahoma on Norman’s main thoroughfare at the doorstep of its Historic Downtown. |
| Ownership is very keen on strong credit leasing opportunities. |
| The more than 26,000 students enrolled in the university helped keep vacancy rates down during the pandemic, only rising by 0.7% at their peak. |
| Food, beverage, apparel, personal items, and entertainment account for $1.3 of the $2.8 billion in annual consumer spending within a 10-mile radius. |
| 700 W Main Street is located at a bustling signalized intersection that sees 34,601 vehicles pass by each day and abundant foot traffic. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Norman Amtrak Station (Heartland Flyer - Amtrak) | 2 min | 14 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Will Rogers World | 35 min | - | 21.0 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 51 |
| Type: | Surface |
| Included in Rent: | Yes |