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Views: 28 DOM: 63 Updated: 05.14.24 Posted: 03.25.24 Status: Active

Summary

Price $1,794,872
Built/Renov 2024
Tenant Jack's
Cap Rate 5.85%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,572
Lease Start 05-01-2024
#Units 250
Price/SF $502.48
Expiration 04-30-2044
Tenant Type Fast Food/QSR
NOI $105,000
R. Term 19.11
Ownership Fee Simple
Rent/SF $29.40
Increases 10.0%/5/yrs
Pop 5Mi 13,880
Lot/AC 0.18
Options 4/5yrs/10%
AHHI 5Mi $65,539

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 on Sunset Drive, with access to 21,000 vehicles. Adjacent to the Grenda Medical Complex, the property benefits from its prime location. Nearby well-known national tenants include Walmart, Walgreens, Taco Bell, AutoZone, Dollar Tree, AT&T, and more. The 5-mile trade area is supported by a population of 13,880 residents with an average household income of $65,539....

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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 : 3,245 11,142 14,074
2023 Total Population : 3,310 11,346 14,299
2023 Employed Civilian Pop : 1,181 4,506 5,753
2023 Total Businesses : 292 698 768
2023 Average Household Income : $ 48,428 $ 55,783 $ 61,996
2023 Total Consumer Spending : $ 62 M $ 232 M $ 329 M
2023 Median Age : 40 41 41
2023 Total Households : 1,462 4,728 6,036
2023 Pop Age 25+: Bachelor's Degree : 364 1,235 1,555
2023 Average Home Value : $ 141,028 $ 143,303 $ 158,580
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Sunset Dr Jefferson Trl 2006 23,000 0.08 mi
Sunset Drive Sunset Dr 2021 21,000 0.21 mi
Springhill Road Long William Dr 2018 2,800 0.33 mi
Springhill Road Melton Dr 2021 2,700 0.33 mi
Sweethome Road Mountain LnDr 2021 1,800 0.36 mi
Melton Drive Wilbourne St 2021 40 0.37 mi
Gateway St Kirk Ave 2006 6,100 0.47 mi
Wooded Drive Old Wooded Dr 2021 4,300 0.48 mi
South Street Cathey Dr 2021 5,700 0.55 mi
Sweethome Rd Goins Rd 2006 1,900 0.57 mi

Listing Broker

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