Jack's

14937 Rankin Avenue, Dunlap, TN 37327

$1,709,402

Cap Rate 5.85%

Views: 160 DOM: 98 Updated: 11.21.24 Posted: 09.19.24 Status: Contract 11.21.24

Summary

Price $1,709,402	Built/Renov 2024	Tenant Jack's
Cap Rate 5.85%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,572	Lease Start 12-01-2024	#Units 250
Price/SF $478.56	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 9,335
Lot/AC 0.51	Options 4/5yrs/10%	AHHI 5Mi $55,259

Adam English

STREAM Capital Partners

Contact

Lease Highlights

Brand-new 2024 construction
Brand-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 Rankin Ave, the main retail corridor, with access to 14,004 vehicles passing by daily. The property is surrounded by well-known national tenants, including Walgreens, McDonald’s, Tractor Supply Co., Sonic, Domino’s Pizza, and more. Key community educational institutions in the vicinity include Griffith Elementary School, Sequatchie County High School, and...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Major MSA
Income tax free state
Brand new lease
Long 20+ yr lease
Corporate Guarantee
Over 100 Units backed

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Links

Jack's Wikipedia Jack's Wikipedia Dunlap, Tennessee Zip Code 37327 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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Listing Broker

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