Jack's

891 Forrest Avenue, East Brewton, AL 36426

$1,695,000

Cap Rate 5.90%

Views: 83 DOM: 71 Updated: 10.21.24 Posted: 09.13.24 Status: Active

Summary

Price $1,695,000	Built/Renov 2024	Tenant Jack's
Cap Rate 5.90%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,572	Lease Start 12-01-2024	#Units 250
Price/SF $474.52	Expiration 11-30-2044	Tenant Type Fast Food/QSR
NOI $100,000	R. Term 20.0	Ownership Fee Simple
Rent/SF $28.00	Increases 10.0%/5/yrs	Pop 5Mi 9,494
Lot/AC 2.00	Options 4/5yrs/10%	AHHI 5Mi $59,975

Adam English

STREAM Capital Partners

Contact

Lease Highlights

Brand new 2024 construction
New 20-year lease with 4 (5-year) options to extend upon close of escrow
The lease features 10% rental increases every 5 years throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Jack's is strategically located on Forrest Avenue, with access to 11,241 vehicles passing by daily. The property is surrounded by prominent national tenants, including Circle K, Piggly Wiggly, Dollar General, Popeyes, and Ace Hardware, among others. Key educational institutions in the vicinity include W.S. Neal High School, W.S. Neal Middle School, and Jack and Jill Preschool. The 5-mile trade...

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Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Jack's
Guarantor:Corporate
Company:AEA Investors
# Units:250
Stock:Private

About Tenant

Jack's Family Restaurants, LP (Jack's) is an American fast-food restaurant chain featuring sit-down dining, drive-thrus, and takeout service. The menu primarily features burgers, fried...

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Listing Broker

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