Jack in the Box - LoopNet › d2 › 78SlP9g57U2...JACK IN THE BOX AD 31,700 VPD 75 75 US ROUTE 75...
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Jack in the Box RICHARDSON, TEXAS
Transcript of Jack in the Box - LoopNet › d2 › 78SlP9g57U2...JACK IN THE BOX AD 31,700 VPD 75 75 US ROUTE 75...
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Jack in the BoxRICHARDSON, TEXAS
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About the PropertyTHE OFFERING provides an opportunity to acquire an absolute net Jack in the Box with 14 years remaining. Built in 2011, the franchise location sits along a major east-west thoroughfare off of Interstate 75 in Richardson, Texas.
JACKNASDAQ
2,251LOCATIONS(88% franchised)
1951FOUNDED
22,000+EMPLOYEES
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Jack in the Box
6.00%CAP
$2,144,000PRICE
510 WEST ARAPAHO ROAD, RICHARDSON, TX 75080
Overview
https://goo.gl/maps/WsJnoC7Vd2m
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PropertyHighlights• Absolute Net Lease term provides zero management responsibility.
• Fourteen years remaining on initial term with annual scheduled rent increases.
• Personal guaranty in place from experienced franchisee operating 19 locations.
• High quality 2011 build-to-suit construction equipped with a drive-thru.
• Highly-trafficked retail corridor carrying nearly 40,000 VPD.
• Thriving and affluent economic area home to many national corporations and a large public university.
Investment Summary
LEASEABLE SF2,569 SF
LAND AREA30,666 SF
LEASE TYPEAbsolute NNN
LEASE EXPIRATIONOctober 31, 2032; 14 Years Remaining
YEAR BUILT2011
PARKING24 Spaces;9.3/1,000 SF
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This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.
Income & Expense
PRICE $2,144,000CAPITALIZATION RATE 6.00%
CASH FLOW SUMMARYSCHEDULED INCOME PER SFBase Rent for the Period of: 1/1/2019 - 12/31/2019 $52.26 $128,652Rent Increases Over Base Rent $0.09 $214Total Effective Gross Income (EGI) $52.34 $128,866
OPERATING EXPENSES Per SFCAMS NNNProperty Taxes NNNInsurance NNNTotal Operating Expenses NNN
NET OPERATING INCOME $128,866
10/30/2018 [ ]
ABSOLUTE NNN EXPENSE STRUCTURE PROVIDES ZERO LANDLORD MANAGEMENT RESPONSIBILITIES
Financial Summary
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Rent Roll
11/1/2012 - 10/31/2032
2,462
MONTHLY BASE RENT % INCREASE
ANNUAL RENT PSF CAP RATE
1/1/2019 $10,721 $128,652 $52.26 6.00%11/1/2019 $10,828 1% $129,939 $52.78 6.06%11/1/2020 $10,936 1% $131,238 $53.31 6.12%11/1/2021 $11,046 1% $132,550 $53.84 6.18%11/1/2022 $11,156 1% $133,876 $54.38 6.24%11/1/2023 $11,268 1% $135,215 $54.92 6.31%11/1/2024 $11,381 1% $136,567 $55.47 6.37%11/1/2025 $11,494 1% $137,932 $56.02 6.43%11/1/2026 $11,609 1% $139,312 $56.58 6.50%11/1/2027 $11,725 1% $140,705 $57.15 6.56%11/1/2028 $11,843 1% $142,112 $57.72 6.63%11/1/2029 $11,961 1% $143,533 $58.30 6.69%11/1/2030 $12,081 1% $144,968 $58.88 6.76%11/1/2031 $12,201 1% $146,418 $59.47 6.83%
CURRENT $10,721 $128,652 $52.26 6.00%
DATE
OPTIONS 2-10 YR 1% ANNUAL INCREASES 3-MONTHS' NOTICE
Lease NotesComments: Tenant operates on an Absolute Net lease with 13 years remaining and two, 10-year option periods. Lease term is personally guaranteed by the tenant. Tenant has a first right of refusal to purchase the Property. Once a PSA has been signed by the buyer, the tenant has 20 days to exercise their purchase option on the same terms.
JACK IN THE BOX
Lease Term:
Size (SF):
RENT SUMMARY
10/30/2018 [ ]
Rentroll
COMMENTS: Tenant operates on an Absolute Net lease with 13 years remaining and two, 10-year option periods. Lease term is personally guaranteed by the tenant. Tenant has a first right of refusal to purchase the Property. Once a PSA has been signed by the buyer, the tenant has 20 days to exercise their purchase option on the same terms.
Financial Summary
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JACK INTHE BOX
W ARAPAHO ROAD
31,700 VPD
75
75
US R
OUTE
75
277,000 VPD
Surrounding Amenities
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W ARAPAHO
ROAD
SITE PLAN NOT TO SCALE
DRIVE THRU
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Site Plan
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Featured Photography
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Featured Photography
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Richardson,Texas
RICHARDSON, TEXAS, on the edge of Dallas county, is an affluent suburb located only 12 miles from the Dallas CBD. The city includes more than 5,000 businesses and a high concentration of telecommunications and insurance companies.
A hub for telecommunications, Richardson is home to large sectors of AT&T, Verizon, DirectTV, Cisco and the U.S. headquarters for Samsung Mobile and MetroPCS. As much as the city is a telecommunications hub, the biggest industry in Richardson is the insurance industry. The headquarters for Blue Cross and Blue Shield of Texas and a regional hub for State Farm and GEICO.
Demographics
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POPULATION
5 MINS 10 MINS 15 MINS
2010 23,282 176,797 546,650
2018 25,006 200,940 618,964
2022 26,088 219,431 668,774
KEY 5 MINS 10 MINS 15 MINS
Drivetime
THE BASE OF MANY LARGE NATIONAL EMPLOYERS, the Richardson economy continued to grow through the recession and has recognized large scale growth since 2005. Richardson is also home to the University of Texas at Dallas, a public research university with an enrollment of nearly 30,000 and an endowment upwards of $500M.
Employment& Economy
EMPLOYER # OF EMPLOYEES
State Farm Insurance 8,000
AT&T Inc. 5,000
Blue Cross Blue Shield of Texas 3,100
The University of Texas at Dallas 2,674
Richardson Independent School District 2,500
Top 5Employers
2018 HH INCOME
5 MINS 10 MINS 15 MINS
Average $91,860 $90,899 $95,363
Median $69,299 $61,387 $60,480
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Contact Us
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We’d love to hearfrom you.
The information in this Executive Summary has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. All rights reserved to Capital Pacific, LLC.
SEAN [email protected]: 503.675.8378
LISTED IN CONJUCTION WITH:
STEPHEN SIELING Azur Commercial Capital LLC
PH: 214.888.8262
Contact Us
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