Jack in the Box - Clute, TX
1041 W Plantation Dr Clute , TX 77531

Jack in the Box - Clute, TX - retail for sale

Download offering memorandum:

Overview



JLL is pleased to exclusively offer a premier investment opportunity to acquire the fee simple interest in a single-tenant property (the “Property“ or the “Asset”) leased to the corporate entity Jack in the Box Inc. (NASDAQ: JACK) (the “Tenant“) located in Clute, TX. The Property is situated at the lighted intersection of Plantation Drive and Dixie Drive that sees over 32,000 VPD. The Property is located in a busy Clute location with immediate proximity to the Nolan Ryan Expressway, Brazoswood High School and numerous nationwide tenants. Jack in the Box has occupied the Property since 1974 and recently the Tenant exercised a renewal option showing further commitment to the site.

Investment highlights


  • Longstanding operating history with absolute NNN lease commencing in 1974
  • Rare corporate tenant within chain that franchises 94% of all locations
  • Publicly traded institution with market cap in excess of $2 billion
  • Exceptional financial performance with three consecutive earnings releases beating analyst estimates
  • Less than a half mile from the Nolan Ryan Expressway in dense retail hub 


General
Property type Retail
Tenure type Sale/Purchase
Property address 1041 W Plantation Dr, Clute, TX 77531-5128
Land in acres 0.5
Building size 1,940  ft2
Year built 1974
Financial
Price $760,382
Cap rate 5.00%
Current NOI $38,019.00
Lease
Tenant's name Jack In The Box
Lease type NNN
Annual rent $38,019.00
Lease expiration date 07/31/2024
Remaining term 4.5Yrs

Jack in the Box - Clute, TX - retail for sale

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