Jack's

1930 Kowaliga Road, Eclectic, AL 36024

$1,637,931

Cap Rate 5.80%

Views: 62 Updated: 06.14.24 Posted: 04.04.24 Status: Sold

Summary

Price $1,637,931	Built/Renov 2024	Tenant Jack's
Cap Rate 5.80%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,572	Lease Start 05-01-2024	#Units 250
Price/SF $458.55	Expiration 04-30-2044	Tenant Type Fast Food/QSR
NOI $95,000	R. Term 19.9	Ownership Fee Simple
Rent/SF $26.60	Increases 10.0%/5/yrs	Pop 5Mi 6,626
Lot/AC 0.00	Options 4/5yrs/10%	AHHI 5Mi $76,851

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
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 intersection of Highway 63 and Central Road, the primary thoroughfare, with access to a combined daily traffic count of 8,425 vehicles. This prime location is further enhanced by limited competition in the market. Furthermore, nearby are well-known national tenants including Family Dollar, Subway, Dollar General, and others. Key community educational...

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Key Features

New construction
Near major nationals
Strategically located
Affluent suburb location
Major MSA
Brand new lease
Long 20+ yr lease
Absolute NNN
Corporate Guarantee
100+ unit franchisee backed

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Links

Jack's Wikipedia Jack's Restaurants Wikipedia Eclectic, Alabama Zip Code 36024 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 :	414	2,836	6,692
2023 Total Population :	386	2,661	6,341
2023 Employed Civilian Pop :	156	1,127	2,629
2023 Total Businesses :	16	78	116
2023 Average Household Income :	$ 65,751	$ 68,881	$ 73,876
2023 Total Consumer Spending :	$ 7 M	$ 62 M	$ 167 M
2023 Median Age :	42	42	44
2023 Total Households :	133	1,041	2,595
2023 Pop Age 25+: Bachelor's Degree :	12	177	644
2023 Average Home Value :	$ 172,727	$ 187,706	$ 256,626

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Kowaliga Road	Georgia Rd	2020	5,934	0.22 mi
Kowaliga Road	Hardin Ct	2021	5,934	0.22 mi
Georgia Rd	Kowaliga Rd	2009	3,540	0.70 mi
Kowaliga Rd	Old Avant Rd	2018	3,707	1.16 mi
Georgia Road	Georgia Rd	2021	3,400	1.16 mi
West Collins Street	Duck Dr	2021	1,187	1.27 mi
Claud Road	W College Ave	2021	2,845	1.63 mi
North Ann Street	S Ann St	2014	400	1.79 mi
Main Street	Hunting Club Rd	2021	2,436	2.13 mi
Chana Creek Road	Double Bridge Ferry Rd	2014	1,230	2.81 mi

Listing Broker

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