Listed by Marcus & Millichap - Dallas
$4,792,000
Jared Jewelers (Recent Lease Renewal)
Details
Property Type Retail
Sub Type Storefront
Square Footage 6,019
Cap Rate 7%
NOI $335,412
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 20
Lease Expiration 01/30/2031
Remaining Term 4.7
Rent Bumps Yes
Lease Options Four, 5-Year Remaining
Price per SqFt $796
Year Built 2005
Year Renovated 2022
Buildings 1
Acreage 1.190
Investment Type Net Lease
Lease Commencement 03/02/2005
Ground Lease No
Ownership Fee Simple
Triple-Net Lease | Across From Woodland Hills Mall | 47,033 VPD
Marketing description
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.
Investment 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
- Corporate Lease Backed by Sterling Inc., a Subsidiary of Signet Jewelers (NYSE: SIG)
- Tulsa MSA Population Exceeds 1 Million Residents
Listing Contacts
Listed by Marcus & Millichap - Dallas
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$335,412.00
$27,951.00/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
CO-16 SpecialCorridor
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 71 uses
View all 71 uses Last updated Apr 21, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
