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Views: 64 DOM: 59 Updated: 07.10.24 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 8.8
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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Listing Broker

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