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Views: 28 DOM: 53 Updated: 05.14.24 Posted: 04.04.24 Status: Contract 05.01.24

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 19.11
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

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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Maps

  • 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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