Jack in the Box
Norman, OK
Key Details
| Price: | $2,513,572 |
|---|---|
| Cap Rate: | 5.50% |
| Annual Rent: | $138,246 |
| Address: | 615 12th Avenue Northeast, Norman, Oklahoma 73071 |
| Property Type: | Retail |
| Lease Type: | Ground |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 5/14/2012 |
| Lease Expiration: | 5/13/2032 |
| Lease Term Remaining: | 7.1 Years |
| Lot Size: | 0.96 Acres |
| Building Size: | 2,838 SF |
| Year Built: | 2010 |
NNN Pro is pleased to present the exclusive listing for a Jack in the Box located at 612 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.
About the Investment
- Corporate Guarantee | The lease is backed by a corporate guarantee from Jack in the Box Inc., offering investors a secure and stable income stream. As a publicly traded company with a national presence, Jack in the Box provides creditworthy tenancy and long-term financial reliability under this ground lease structure.
- High Visibility & Traffic Counts | Located on 12th Avenue NE, the site benefits from a strong traffic count of 27,846 vehicles per day, with additional exposure from nearby E Main Street, which sees 5,800 vehicles daily.
- Affluent Surrounding Demographics | The 3-mile radius boasts an average household income of $69,207 and a population exceeding 76,000, supporting stable consumer spending and strong QSR demand.
- Growing Population Base | The area is experiencing steady growth, with the 5-mile population projected to exceed 125,000 by 2029, reflecting continued residential and economic development in Norman.
Key Details
| Price: | $2,513,572 |
|---|---|
| Cap Rate: | 5.50% |
| Annual Rent: | $138,246 |
| Address: | 615 12th Avenue Northeast, Norman, Oklahoma 73071 |
| Property Type: | Retail |
| Lease Type: | Ground |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 5/14/2012 |
| Lease Expiration: | 5/13/2032 |
| Lease Term Remaining: | 7.1 Years |
| Lot Size: | 0.96 Acres |
| Building Size: | 2,838 SF |
| Year Built: | 2010 |
Talk to the Pros
Cassandra Mosser
cmosser@nnnpro.com
License: AZ: SA677563000
Jonathan Eckerd
jeckerd@nnnpro.com
License: AZ: SA663487000
Broker of Record
Brian Brockman
Bang Realty-Oklahoma, Inc
License: 177814
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.