Jack's

3770 East Shelby Drive, Memphis, TN 38118

$1,739,130

Cap Rate 5.75%

Views: 158 Updated: 08.12.24 Posted: 04.20.24 Status: Inactive 10.21.24

Summary

Price $1,739,130	Built/Renov 2024	Tenant Jack's
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,572	Lease Start 07-01-2024	#Units 250
Price/SF $486.88	Expiration 06-30-2044	Tenant Type Fast Food/QSR
NOI $100,000	R. Term 19.6	Ownership Fee Simple
Rent/SF $28.00	Increases 10.0%/5/yrs	Pop 5Mi 138,836
Lot/AC 1.68	Options 4/5yrs/10%	AHHI 5Mi $65,401

Adam English

STREAM Capital Partners

Contact

Lease Highlights

Brand new 2024 construction
Jack’s will be executing a brand new 20-year lease with 4 (5-year) options to extend upon close of escrow
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Jack's is strategically located near the signalized, hard corner intersection of Shelby Drive and Getwell Road, with access to a combined daily traffic count of 45,400 vehicles. The property boasts a prime location, surrounded by well-known national tenants and distribution centers such as McDonald’s, Popeyes, Pizza Hut, TJ Maxx, Nike, Amazon, and more. Additionally, it is just minutes away...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Jack's Wikipedia Jack's Wikipedia Memphis, Tennessee Zip Code 38118 Broker Site Page

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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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,275	23,925	140,707
2023 Total Population :	3,286	24,155	141,097
2023 Employed Civilian Pop :	1,472	10,478	61,533
2023 Total Businesses :	179	1,447	5,809
2023 Average Household Income :	$ 64,591	$ 58,721	$ 61,000
2023 Total Consumer Spending :	$ 67 M	$ 444 M	$ 2762 M
2023 Median Age :	36	32	33
2023 Total Households :	1,188	8,627	51,772
2023 Pop Age 25+: Bachelor's Degree :	231	1,669	10,840
2023 Average Home Value :	$ 148,393	$ 157,443	$ 194,722

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Getwell Road	Arnold Rd	2022	26,944	0.35 mi
Arnold Road	Prescott Rd	2022	1,323	0.52 mi
TN 176	Faulkner Rd	2021	41,640	0.64 mi
Getwell Road	Holmescrest	2022	23,598	0.64 mi
Getwell Rd	State Hwy176	2008	26,411	0.79 mi
TN 175	Damascus Rd	2021	45,602	0.85 mi
Delp Street	Pilot Dr	2022	4,904	0.89 mi
East Holmes Road	Holmescrest	2018	12,510	1.06 mi
Pilot Drive	B F Goodrich Blvd	2022	3,966	1.06 mi
East Holmes Road	Tchulahoma Rd	2022	14,648	1.06 mi

Listing Broker

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