Available $1,325,000 - Retail - Single Tenant
Investment Offering & Highlights
- ABSOLUTE NNN LEASE
Zero landlord obligations for repairs or maintenance
- CORPORATE BACKED LEASE WITH JACK IN THE BOX, INC.
Tenant signed a 15 year lease in 2008 leaving over 4 years remaining on the Tenant’s initial term
- TENANT IS PUBLICLY TRADED
Tenant is publicly traded on NASDAQ under the ticker symbol “JACK” with an annual revenue in excess if $1.55 Billion
- CPI INCREASES
CPI increases between each of the two 5-year renewal options
- OUTPARCEL TO RIDGMAR TOWN SQUARE
82,000 square foot power center anchored by Ross, Burke’s and Dollar Tree
- DENSELY POPULATED AREA
Over 188,000 residents within a 5 mile radius
The subject property is a 3,166 square foot free-standing Jack in the Box with a drive-thru. Tenant signed a 15 year lease in 2008 leaving over 4 years remaining on the Tenant’s initial lease term. Jack in the Box, which is publicly traded on NASDAQ under the ticker symbol “JACK”, reported annual revenues in excess of $1.55 Billion.
Located seven miles east of Downtown Fort Worth, the site is easily accessible via Interstate 30, which boasts daily traffic counts in excess of 105,000 vehicles. The site is located adjacent to Ridgmar Mall- a 1.4 million square foot regional mall anchored by Dillard’s, JC Penney, Cinemark and SeaQuest Interactive Aquarium. The site is positioned in the heart of the area’s main retail hub, with over 4 million square feet of retail space within a 1 mile radius. This densely populated area is home to over 188,000 residents within a 5 miles radius.
- Price: $1,325,000
- Cap Rate: 7.5
- Lease Term: 4 Years Remaining
- Building Size: 3,166 SF
- Year Built: 1985
- Status: Available