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Jack In The Box - Absolute NNN Lease 2440 W Thomas Rd

2,413 SF Retail Building Phoenix, AZ 85015 $3,365,000 ($1,395/SF) 4.60% Cap Rate

Investment Highlights

  • Jack in the Box – Absolute NNN Corporate Lease - Strong Performing Store – Ranked in Top 20%
  • Corporate Lease (Jack in the Box Inc.) - Publicly traded company (NASDAQ: JACK)
  • Hard Corner Signalized Intersection of Arizona Veterans Hwy 17, N Black Canyon Highway 60 and Thomas Road
  • Recently Extended Lease – 17+ Years Remaining in Primary Term
  • Hwy 17 and Hwy 60 Frontage and access – Visibility to over 267,000 VPD

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a corporate leased Jack in the Box in Phoenix, AZ. Jack in the Box, a publicly traded company (NASDAQ: JACK), operates over 2,200 locations across 22 states and has nearly $6 billion annual systemwide sales. The long term absolute NNN lease was recently extended, and has over 17 lease years remaining in the primary term and features 10% rent increases every 5 years.
This high performing Jack in the Box is ranked in the top 20% performing stores in the state and top 28% in the Country. The 4,414 SF QSR building with drive-thru on 0.91-acre parcel is strategically positioned on the hard corner signalized intersection of Highway 17 Arizona Veterans, Highway 60 Black Canyon Highway and Thomas Road which sees over 267,200 VPD. This combined with the over 434,000 people living within a 5-mile radius as well as over 17,680 businesses making this an irreplaceable location for a quick service
restaurant.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,413 SF
Building Class
B
Year Built
1961
Price
$3,365,000
Price Per SF
$1,395
Cap Rate
4.60%
NOI
$154,832
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
0.91 AC
Zoning
C-G - Commerical, General
Parking
33 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
220 FT on North Black Canyon Highwa

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Jack in the Box has always been the place for those who live outside the box. Where you can try new things and order what you want when you want it, while always getting it fast, hot and fresh. Opened in 1951, they're now one of the nation’s top fast-food burger chains with approximately many quick-serve restaurants in the U.S. and Guam. And with roughly many of their million annual guests choosing drive-thru or take out, they know the importance of convenience. Since opening, they've spearheaded conveniences that would become industry standards like the drive-thru, breakfast sandwiches and portable salads. Now they feature one of the largest and most distinctive menus in the quick-serve restaurant space. Everything from burgers to tacos to egg rolls. All cravings are welcome here.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services - $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 110-36-010C
  • 110-36-010E
  • 110-36-010B
Land Assessment
$16,772
Improvements Assessment
$0
Total Assessment
$118,366
  • Listing ID: 33907833

  • Date on Market: 11/18/2024

  • Last Updated:

  • Address: 2440 W Thomas Rd, Phoenix, AZ 85015

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