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831 Sonoma Park Dr 23,800 SF of Retail Space Available in Norman, OK 73071
Highlights
- adjacent to Walmart Supercenter
- modern design
- ample parking
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 23,800 SF | Negotiable | $18.89 CAD/SF/YR $1.57 CAD/SF/MO $449,463 CAD/YR $37,455 CAD/MO | Triple Net (NNN) |
1st Floor
Presenting a prime investment opportunity in the heart of Norman, Oklahoma, this 23,800 SF free-standing building offers a modern, purpose-built space ideally suited for retail businesses. Constructed in 2018, the property boasts contemporary design and high-quality construction. Its strategic location in the thriving Norman area ensures high visibility and accessibility, attracting a steady flow of customers. With ample space for customized retail layouts and a strong foundation for various business ventures, this property presents an exceptional chance for retail investors to establish a prominent presence in a dynamic and growing market.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Space is an outparcel at this property
- Space is in Excellent Condition
- Central Air and Heating
- Security System
- Smoke Detector
- Wheelchair Accessible
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.
Property Facts
| Total Space Available | 23,800 SF | Gross Leasable Area | 23,800 SF |
| Property Type | Retail | Year Built | 2018 |
| Property Subtype | Freestanding |
| Total Space Available | 23,800 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 23,800 SF |
| Year Built | 2018 |
About the Property
Presenting a prime investment opportunity in the heart of Norman, Oklahoma, this 23,800 SF free-standing building offers a modern, purpose-built space ideally suited for retail businesses. Constructed in 2018, the property boasts contemporary design and high-quality construction. Its strategic location in the thriving Norman area ensures high visibility and accessibility, attracting a steady flow of customers. With ample space for customized retail layouts and a strong foundation for various business ventures, this property presents an exceptional chance for retail investors to establish a prominent presence in a dynamic and growing market.
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
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831 Sonoma Park Dr
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