This location is currently undergoing a renovation to suit Boot Barn – the estimated date of completion is September 18, 2019.
The lease will be brand new with ten (10) years of term plus four (4), five (5) year options.
The lease is signed by Boot Barn Inc., the largest and fastest-growing lifestyle retail chain devoted to western and work-related footwear, apparel and accessories in the United States.
The lease structure is double net (NN), with minimal landlord responsibilities. Tenant is responsible for HVAC, maintaining CAM and parking, and payment of all taxes, utilities, and insurances.
The lease provides for 10% rental increases every five (5) years.
Boot Barn is situated in Ada’s main retail corridor. Surrounding retailers include Chili’s, Dollar Tree, Cinemark, Tractor Supply Co., ALDI, Bath & Body Works, Hibbett Sports and Petsense, among many others.
The next closest Boot Barn is 68 miles (72 minutes) from this location in Norman, OK.
Ada is located 84 miles (90 minutes) southeast of Oklahoma City, OK, and is the county seat of Pontotoc County.
East Central University (ECU) is located just 1 mile (5 minutes) from the subject property. The campus consists of 37 buildings on 135 acres and typically enrolls nearly 4,000 students per semester.
Mercy Hospital Ada is a 156-bed, acute-care facility serving Pontotoc County and the surrounding areas in south-central Oklahoma. The Hospital is located just 2 miles (7 minutes) from the subject property.