Jared Jewelers (Recent Lease Renewal)

Jared Jewelers (Recent Lease Renewal)

Tulsa, OK

Tulsa, OK

Jared Jewelers (Recent Lease Renewal)

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.

Price $4,503,000
Cap Rate 7.45%
Building Size 6,019 sqft
Lot Size 1.19 acres
Year Built 2005
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • 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

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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