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Jack in the Box Redevelopment Opportunity 615 12th Ave NE 2,838 SF Retail Building Norman, OK 73071 $3,012,257 CAD ($1,061.40 CAD/SF) 6.43% Cap Rate
Investment Highlights
- ?The University of Oklahoma Proximity
- Redevelopment Opportunity
- Strategic Retail Positioning
- Strong Retail Synergy
- High Visibility & Traffic Counts
- Affluent Surrounding Demographics
Executive Summary
Surmount is pleased to present the exclusive listing for a Jack in the Box located at 615 12th Avenue Northeast, Norman, OK 73071. The site consists of roughly 2,838 rentable square feet of building space on an estimated .96-acre parcel of land. 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 8.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,838 SF
Building Class
B
Year Built
2010
Price
$3,012,257 CAD
Price Per SF
$1,061.40 CAD
Cap Rate
6.43%
NOI
$193,690 CAD
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
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R0096178 | Improvements Assessment | $81,407 CAD |
| Land Assessment | $85,030 CAD | Total Assessment | $166,436 CAD |
Property Taxes
Parcel Number
R0096178
Land Assessment
$85,030 CAD
Improvements Assessment
$81,407 CAD
Total Assessment
$166,436 CAD
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Jack in the Box Redevelopment Opportunity | 615 12th Ave NE
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