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Views: 107 DOM: 38 Updated: 06.04.24 Posted: 06.04.24 Status: Active

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 07-01-2024
#Units 250
Price/SF $478.56
Expiration 06-30-2044
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

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 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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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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Listing Broker

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