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Jack in the Box 615 12th Ave NE 2,838 SF Retail Building Norman, OK 73071 $2,150,000 ($757.58/SF) 6.43% Cap Rate
Investment Highlights
- The University of Oklahoma Proximity
- Strategic Retail Positioning
- Scheduled CPI Rental Increases
- Dense Residential and Commercial Trade Area
Executive Summary
Surmount is pleased to present the exclusive listing for a Jack in the Box located at 615 12th Ave NE, Norman, OK 73071 . The site consists of roughly 2,838 rentable square feet of building space on an estimated 0.96-acre parcel of land. This Jack in the Box is subject to a 20-year Ground lease, which commenced 5/14/2012. The current annual rent is $138,246 and has scheduled increases of cumulative cpi capped at 8% every 5 years.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,838 SF
Building Class
B
Year Built
2010
Price
$2,150,000
Price Per SF
$757.58
Cap Rate
6.43%
NOI
$138,246
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.96 AC
Zoning
C - Commercial
Frontage
139’ on 12th Ave
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | R0096178 | Improvements Assessment | $69,302 |
| Land Assessment | $50,575 | Total Assessment | $119,877 |
Property Taxes
Parcel Number
R0096178
Land Assessment
$50,575
Improvements Assessment
$69,302
Total Assessment
$119,877
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Jack in the Box | 615 12th Ave NE
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