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Views: 40 DOM: 53 Updated: 05.14.24 Posted: 04.20.24 Status: Active

Summary

Price $1,770,000
Built/Renov 2024
Tenant Jack's
Cap Rate 5.65%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,572
Lease Start 07-01-2024
#Units 250
Price/SF $495.52
Expiration 06-30-2044
Tenant Type Fast Food/QSR
NOI $100,000
R. Term 20.0
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

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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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 : 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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