Jack in the Box

  • $2,100,000

Overview

  • Jack in the Box
    Tenant(s)
  • $2,100,000
    Price
  • 4.40%
    CAP Rate
  • $92,400
    Net Operating Income (NOI)
  • 16+ Years
    Lease Term
  • 10% Every Five Years
    Increases
  • Sept 2021
    Rent Commencement
  • Abs. NNN
    Lease Type
  • Sept 2041
    Lease Expiration
  • 4 x 5 Yr
    Options
  • 1,903
    Building Size (SF)
  • 1973
    Year Built
  • 0.58
    Land Size (AC)
  • Corporate
    Guaranty
  • None
    Landlord Responsibilities

Description

STONECLIFF is pleased to present the exclusive listing for a Jack in the Box located at 2133 Texoma Pkwy, Sherman, TX 75090. The site consists of roughly 1,903 rentable square feet of retail space on an estimated 0.58-acre parcel of land. This Jack in the Box is subject to a 20-year Absolute Triple Net (NNN) Lease with 16+Years Remaining. The annual rent is $92,400 with scheduled 10% rental increase Every Five Years in Primary Term and Option Periods.

    • Prime retail corridor, located on Texoma Parkway near US-75 providing over 28,000 combined VPD, anchoring one of Sherman’s most visible retail zones
    • Adjacent to two large master-planned communities. Heritage Ranch which is positioned for 750 new single-family homes and Magnolia Village which is adding 45+ new homes further enhancing the local residential density and long-term population growth
    • Strong demographics with a 5-mile population exceeding 53,000 and an average household income of $58,678
    • Less than 5 minutes from Sherman Town Center, the region’s premier retail hub with strong daily traffic
    • Located just 10 minutes from Austin College, a nationally recognized liberal arts institution with 1,233 students and a strong regional presence providing a reliable source of repeat customers and brand visibility
    • Planned exterior renovation will update the property’s appearance and align it with Jack in the Box’s latest brand image

Contact Information

View Listings

Enquire About This Property

Similar Listings