615 12th Ave NE - Fast Food FOR SALE


Norman, OK 73071- Outer Norman
$2,150,000 USD
480-339-4331
615 12th Ave NE, Norman, OK for Sale
$2,150,000 USD
Fast Food - FOR SALE
1/2
null | 6.43% Cap Rate

615 12th Ave NE
Norman, OK 73071
Outer Norman


HIGHLIGHTS

  • The University of Oklahoma Proximity
  • Scheduled CPI Rental Increases
  • Strategic Retail Positioning
  • Dense Residential and Commercial Trade Area

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$758 USD /SF

CAP RATE

6.43%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jack in the Box

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

C

APN/PARCEL ID

R0096178

ASK ABOUT THIS PROPERTY

Cassandra MosserSurmountMore Info
480-339-4331

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Cassandra MosserSurmountMore Info
480-339-4331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.