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Jared Jewelers (Recent Lease Renewal) 8522 E 71st St 6,019 SF Retail Building Tulsa, OK 74133 $6,775,648 CAD ($1,125.71 CAD/SF) 7% Cap Rate
Investment Highlights
- Recent Lease Extension in 2026 | Triple-Net Lease Structure With 4.7 Years Remaining
- 251,002 Residents and 311,742 Daytime Population Within a Five-Mile Radius
- 2022 Storefront Renovation | 6,019 SF Freestanding Building on 1.19 Acres
- High-Visibility Location Along East 71st Street (47,033 VPD)
- Across From Simon Property Group (NYSE: SPG) Owned Woodland Hills Mall
- Affluent Trade Area With $100K+ Average Household Income Within a 5-Mile Radius
Executive Summary
Offered for sale is a Jared Jewelers in Tulsa, Oklahoma, situated on 1.19 acres along East 71st Street carrying 47,033 vehicles per day and directly adjacent to Woodland Hills Mall — the only remaining fully enclosed regional mall in the Tulsa metropolitan area. The 6,019-square-foot building is subject to a triple-net lease guaranteed by Sterling Inc., a wholly owned subsidiary of Signet Jewelers (NYSE: SIG), the world's largest retailer of diamond jewelry. The tenant extended its lease in 2026 through January 2031 with four remaining five-year options, each providing a 10% rent increase. The five-mile trade area supports 251,002 residents with an average household income exceeding $100,000.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,019 SF
Building Class
B
Year Built/Renovated
2005/2022
Price
$6,775,648 CAD
Price Per SF
$1,125.71 CAD
Cap Rate
7%
NOI
$474,256 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.19 AC
Zoning
CS
Parking
42 Spaces (6.98 Spaces per 1,000 SF Leased)
Frontage
132’ on 71st St
Amenities
- Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 75625-83-12-07685 | Improvements Assessment | $106,216 CAD |
| Land Assessment | $161,286 CAD | Total Assessment | $267,502 CAD |
Property Taxes
Parcel Number
75625-83-12-07685
Land Assessment
$161,286 CAD
Improvements Assessment
$106,216 CAD
Total Assessment
$267,502 CAD
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Jared Jewelers (Recent Lease Renewal) | 8522 E 71st St
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