Listed by Marcus & Millichap - Dallas
$1,150,000
Jack in the Box (26-Year Operating History)
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,627
Net Rentable (SqFt) 2,627
Units 1
Cap Rate 7%
NOI $80,490
Occupancy 100%
Tenancy Single
Brand/Tenant Jack in the Box
Lease Type Absolute NNN
Lease Term 18
Lease Expiration 03/17/1999
Remaining Term 1
Rent Bumps Yes
Lease Options Two, 5-Year Remaining
Price per SqFt $438
Broker Co-Op Yes
Year Built 1998
Acreage 1.020
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/23/1999
Ground Lease No
Absolute Net Lease With 1.5 Years Remaining
Marketing description
Offered for sale is the opportunity to acquire an absolute net lease Jack in the Box in Liberty, TX. The property consists of a 2,627-square-foot, freestanding building that sits on approximately 1.02 acres of land. There are 1.5 years remaining on the lease with FMV at each option.
Investment highlights
- Absolute Net Lease With 1.5 Years Remaining
- Signalized Hard Corner Location | Jefferson Drive (4,417 VPD) & North Main Street (9,673 VPD)
- Below-Market Rent ($30.64/SF) | Low Price-Point
- Established Operating History | 26 Years at This Location
- Across From Two Large Shopping Centers | Jefferson Square & Northgate
- Central Location in Liberty’s Main Retail Corridor
- National Quick-Service Brand With 2,200+ Locations
- Houston MSA Adds 660,000+ Residents Since 2020
Listing Contacts
Listed by Marcus & Millichap - Dallas
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,490.00
$6,707.50/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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Property History
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