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Views: 98 DOM: 163 Updated: 09.16.24 Posted: 07.10.24 Status: Active

Summary

Price $2,018,000
Built/Renov 1997
Tenant Jack in the Box
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,573
Lease Start 05-01-2013
#Units 2,186
Price/SF $784.30
Expiration 05-30-2033
Tenant Type Fast Food/QSR
NOI $110,974
R. Term 8.5
Ownership Fee Simple
Rent/SF $43.13
Increases 8.0%/5/yrs
Pop 5Mi 360,627
Lot/AC 0.74
Options 4/5yrs/8%
AHHI 5Mi $123,351

Lease Highlights

  • Jack in the Box has 8+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 8% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Jack in the Box is strategically located at the signalized, hard corner intersection of Hempstead Highway and W 34th Street, with access to a combined daily traffic count of 47,600 vehicles. The property is surrounded by well-known national tenants including Fiesta Mart, Starbucks, Chipotle, Chase, Bank of America, Taco Bell, Wells Fargo, and more. Additionally, it is situated 11 miles from...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Jack in the Box, Inc. is a quick-service restaurant chain primarily found on the West Coast of the United States. They serve a broad selection of distinctive products targeted primarily at the...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 16,854 150,089 372,733
2024 Total Population : 16,799 147,828 363,477
2024 Employed Civilian Pop : 8,338 75,989 191,869
2024 Total Businesses : 1,184 8,995 24,373
2024 Average Household Income : $ 71,852 $ 105,708 $ 130,614
2024 Total Consumer Spending : $ 381 M $ 5315 M $ 16803 M
2024 Median Age : 34 35 37
2024 Total Households : 5,908 56,822 146,764
2024 Pop Age 25+: Bachelor's Degree : 980 22,718 71,236
2024 Average Home Value : $ 333,811 $ 530,694 $ 570,935
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hempstead Highway Hempstead Rd 2019 15,416 0.05 mi
Hempstead Road Hempstead Rd 2022 10,518 0.05 mi
Kempwood Dr Todd St 2001 26,100 0.06 mi
W 34th St Bolin Rd 2013 16,340 0.07 mi
W 34th St 2022 13,593 0.08 mi
Hempstead Rd Lumberdale Rd 2013 21,580 0.11 mi
Kempwood Dr Todd St 2011 19,590 0.12 mi
Bolin Rd W 34th St 2011 2,730 0.14 mi
Gardendale Dr Antoine Dr 2011 680 0.18 mi
Hempstead Hwy Lang Rd 2006 26,530 0.20 mi

Listing Broker

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