8522 E 71st St - Freestanding FOR SALE


Tulsa, OK 74133- South Tulsa
$4,792,000 USD
972-755-5205
8522 E 71st St, Tulsa, OK for Sale
$4,792,000 USD
Freestanding - FOR SALE
1/4
null | 7% Cap Rate

8522 E 71st St
Tulsa, OK 74133
South Tulsa


HIGHLIGHTS

  • Recent Lease Extension in 2026 | Triple-Net Lease Structure With 4.7 Years Remaining
  • High-Visibility Location Along East 71st Street (47,033 VPD)
  • 251,002 Residents and 311,742 Daytime Population Within a Five-Mile Radius
  • Across From Simon Property Group (NYSE: SPG) Owned Woodland Hills Mall
  • 2022 Storefront Renovation | 6,019 SF Freestanding Building on 1.19 Acres
  • Affluent Trade Area With $100K+ Average Household Income Within a 5-Mile Radius

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,792,000 USD

PRICE/SF

$796 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jared Jewelers (Recent Lease Renewal)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,867 SF

ZONING

CS

APN/PARCEL ID

75625-83-12-07685

ASK ABOUT THIS PROPERTY

Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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Vincent KnippKnipp Wolf Net Lease Group | Marcus & MillichapMore Info
972-755-5205

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