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29110280
29110281

5600 S Grand Blvd, St. Louis, MO 63111

KM
CA 2067187, TN 362005
Matthews
GH
FL SL3468736
Matthews
Matthews
Listed by Matthews
$1,563,933
148 days on market
Updated 59 days ago

Jack in the Box

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,750
Cap Rate 7.50%
NOI $117,295
Occupancy 100%
Tenancy Single
Brand/Tenant Jack in the Box
Lease Type Absolute NNN
Lease Term 5
Lease Expiration 09/23/2029
Remaining Term 4
Rent Bumps Yes
Lease Options 2, 5 Year
Price per SqFt $569
Year Built 1969
Buildings 1
Stories 1
Acreage 0.230
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/25/2024
Ground Lease No
Ownership Fee Simple

Absolute NNN Lease | Recent Lease Extension

Marketing description

Investment highlights

  • Absolute NNN Lease – Zero Landlord Responsibilities: Fee simple interest subject to an absolute triple-net lease structure, eliminating all maintenance, repair, and operational obligations for ownership.

  • Established Operating History Since 1991: The tenant has continuously operated at this location for over 30+ years, originally signing the lease in 1991 and subsequently exercising multiple renewal options.

  • Recent Lease Extension with Remaining Term and Options: Jack in the Box exercised its second five-year option two years ago; ±3.75 years remain on the current base term with two additional five-year renewal options available.

  • Corporate Guarantee by Publicly Traded Operator: Lease is guaranteed by Jack in the Box Inc. (NASDAQ: JACK), one of the nation’s leading QSR chains with a portfolio of over 2,200+ locations across the U.S. and Guam.

  • Capital Commitment Demonstrated Through Renovations: The tenant completed a significant interior and exterior remodel in 2015, reflecting long-term operational intent. Renovations of this nature typically drive increased foot traffic and sales in the quick-service restaurant (QSR) sector.

    Prominent Signalized Hard Corner Location: Positioned at a high-visibility intersection on S. Grand Blvd., a major north-south arterial with traffic volumes exceeding ±10,000 vehicles per day (VPD).

    24-Hour Operation with Drive-Thru Service: The property benefits from around-the-clock service and drive-thru accessibility, key revenue drivers for QSR tenants.

    Strategic Metro Location within St. Louis MSA: Located in St. Louis, the second-largest metropolitan area

Listing Contacts

KM
CA 2067187, TN 362005
Matthews
GH
FL SL3468736
Matthews
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$117,295.00
$9,774.58/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Kyle Matthews
License
2022018843 (MO)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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