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Marketing Description
ROI Commercial Real Estate, Inc. is pleased to offer a 2,668 sf Jack-in-the-Box ground lease sitting on 0.94 acres of land at Cactus Avenue & Cameron Street in the fabulous city of Las Vegas, Nevada (Population: 2.2 million). This Jack in the Box is a new 20-year personally guaranteed ground lease with absolutely no landlord maintenance or cost participation. The lease is expected to commence 4th Q of 2018 and includes 10% rent increases every five (5) years throughout the lease term.
The property is located adjacent to high volume regional neighborhood center anchored by Smith’s, with national co-tenants such as Starbucks, McDonald’s, Subway, Ace Hardware, and Walgreens. Additionally, directly next to the property are more well-known national tenants such as Del Taco, Dairy Queen, Bank of America, and Tire Works.
The site is adjacent to the 2,750-acre Southern Highlands master planned community that is just 12 minutes southwest of the Las Vegas strip. Southern Highlands has over 10,000 homes, 20 different communities, over 200,000SF of commercial property, an array of excellent restaurants, shops, a community center and country club, and a top rated 18-hole golf course. For the convenience of the residences, close by is a fully licensed pre-school, a private school, and two public schools.
Jack-in-the-Box benefits from a strong current and developing customer base with
The property is located adjacent to high volume regional neighborhood center anchored by Smith’s, with national co-tenants such as Starbucks, McDonald’s, Subway, Ace Hardware, and Walgreens. Additionally, directly next to the property are more well-known national tenants such as Del Taco, Dairy Queen, Bank of America, and Tire Works.
The site is adjacent to the 2,750-acre Southern Highlands master planned community that is just 12 minutes southwest of the Las Vegas strip. Southern Highlands has over 10,000 homes, 20 different communities, over 200,000SF of commercial property, an array of excellent restaurants, shops, a community center and country club, and a top rated 18-hole golf course. For the convenience of the residences, close by is a fully licensed pre-school, a private school, and two public schools.
Jack-in-the-Box benefits from a strong current and developing customer base with
a population of 85,246 people and average household income of $87,751 within a 3-mile radius. Furthermore, the site is favored by its location within the Las Vegas Valley which has averagely increased by 50,000 people a year.
Investment Highlights
- Personally Guaranteed - SJS Management Corp. Franchisees
- Long-Term Absolute NNN Ground Lease
- Attractive Rent Increases
- New Construction
- Strategic Location
- New Development
- Strong Demographics
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Zoning
CG CommercialGeneral CommercialCommercial General
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