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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
22709331
22709330

615 12th Ave NE, Norman, OK 73071

JE
AZ AZ: SA663487000
SURMOUNT
CM
AZ AZ SA677563000
SURMOUNT
Listed by SURMOUNT
$2,150,000
359 days on market
Updated 5 days ago

Jack in the Box

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,838
Units 1
Cap Rate 6.43%
NOI $138,246
Occupancy 100%
Tenancy Single
Brand/Tenant Jack in the Box
Lease Term 20
Lease Expiration 05/12/2032
Remaining Term 5.9
Rent Bumps Yes
Year Built 2010
Buildings 1
Stories 1
Acreage 0.960
Tenant Credit Corporate Guarantee
Lease Commencement 05/13/2012
Ground Lease Yes
Ownership Ground Lease

Retail | 6.43% CAP | 2,838 SqFt

Marketing description

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.

Investment highlights

  • The University of Oklahoma Proximity | The subject property is located less than 2 miles from the University of Oklahoma, the state’s flagship public research institution. With an enrollment exceeding 34,000 students, the university is a major driver of local economic activity, daily traffic, and demand for quick-service dining. Its proximity not only ensures a steady stream of potential customers, but also strengthens the long-term viability of surrounding retail by anchoring the area with a dense population of students, faculty, and staff.

  • Scheduled CPI Rental Increases | The lease includes cumulative Consumer Price Index (CPI) rental increases, capped at 8% every five years, providing a hedge against inflation and long-term income growth.

  • Strategic Retail Positioning | The property is located adjacent to a Walmart Supercenter and surrounded by major national retailers such as Murphy USA, GameStop, Zips Car Wash, and Pizza Hut, driving consistent customer traffic and brand visibility.

  • Dense Residential and Commercial Trade Area | Located in a well-established retail corridor in Norman, the property benefits from strong daytime population and residential density, with more than 76,000 residents within a 3-mile radius and continued projected growth through 2029.

Listing Contacts

JE
AZ AZ: SA663487000
SURMOUNT
CM
AZ AZ SA677563000
SURMOUNT
Listed by SURMOUNT

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,246.00
$11,520.50/mo

Valuation Metrics

0
DSCR
6.43%
Cap Rate
6.43%
ROI

Map

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Additional Information

Name
Brian Brockman
License
177814
Brokerage
Bang Realty-Oklahoma, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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