Listed by Stonecliff
$1,950,075
Jack in the Box - Sherman, TX
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,903
Units 1
Cap Rate 4.74%
NOI $92,497
Occupancy 100%
Tenancy Single
Brand/Tenant Jack in the Box
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/27/2041
Remaining Term 15.3
Rent Bumps Yes
Lease Options 4 x 5 Yr
Price per SqFt $1,025
Year Built 1973
Acreage 0.580
Investment Type Net Lease
Lease Commencement 09/28/2021
Ground Lease No
15 Years Remaining | Dense Retail Corridor | 10% Rental Increases
Investment highlights
- Prime retail corridor, located on Texoma Parkway (15,000 VPD) near US-75 (13,000 VPD), anchoring one of Sherman's most visible retail zones
- Adjacent to two large master-planned communities. Heritage Ranch which is positioned for 750 new single-family homes and Magnolia Village which is adding 45+ new homes further enhancing the local residential density and long-term population growth
- Strong demographics with a 5-mile population exceeding 53,000 and an average household income of $58,678
- Less than 5 minutes from Sherman Town Center, the region's premier retail hub with strong daily traffic
- Located just 10 minutes from Austin College, a nationally recognized liberal arts institution with 1,233 students and a strong regional presence providing a reliable source of repeat customers and brand visibility
- Planned exterior renovation will update the property's appearance and align it with Jack in the Box's latest brand image
Listing Contacts
Listed by Stonecliff
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$92,497.00
$7,708.08/mo
Valuation Metrics
0
DSCR
4.74%
Cap Rate
4.74%
ROI
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