Jack's

891 Forrest Avenue, East Brewton, AL 36426

$1,695,000

Cap Rate 5.90%

Views: 123 DOM: 104 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 19.11	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...

...

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...

...

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT