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Restaurant

Absolute NNN Jack in the Box with C-Store & Fuel Station Sublease | 22+ Year Operating History!

2900 W Nolana Ave, McAllen, TX 78504

Listing Price: $2,999,000

Cap Rate
6.80%
Tenant Name
Jack in the Box and Stripes
Years Remaining On Lease
1.2
Gross SF
2,223
Guarantor
Corporate Guarantee
Rentable SF
2,223
Price/Gross SF
$1,349.08
Lease Type
Absolute Net
Rent Per Square Feet
$91.68

Investment Overview

This offering presents a rare opportunity to acquire an absolute NNN corporate-leased asset providing truly passive, management-free ownership with zero landlord responsibilities. The property has demonstrated exceptional stability with over 22 years of continuous operating history, underscoring the strength of the location and long-term tenant commitment. Further reinforcing this stability, the tenant has already exercised its first renewal option, signaling confidence in the site, while two additional five-year options provide continued upside and income durability. The asset benefits from increased customer traffic driven by a complementary convenience store and gas station sublease, enhancing overall site performance while maintaining extensive environmental protections for the landlord. Strategically positioned on a high-visibility signalized corner, the property offers strong access and consistent daily traffic counts. Located within the McAllen MSA, a major economic hub in the Rio Grande Valley with a population exceeding 900,000, the site is supported by strong demographics and nearly 6% population growth since 2020, fueled by cross-border commerce and regional expansion. Additionally, the Texas location offers a favorable no state income tax environment, further enhancing investor returns and long-term appeal.

Investment Highlights

  • ABSOLUTE NNN CORPORATE LEASE: Zero landlord responsibilities providing passive, management free ownership backed by a nationally recognized quick-service restaurant brand
  • LONG-TERM OPERATING HISTORY (22+ YEARS): Proven location with over two decades of successful operating history, demonstrating strong site performance and tenant commitment
  • RECENT OPTION EXERCISE WITH FUTURE UPSIDE: Tenant has already exercised its first renewal option, signaling long-term confidence in the site, with two 5-year options remaining
  • INCREASED CUSTOMER TRAFFIC: C-STORE & GAS SUBLEASE: Property benefits from enhanced site utility and increased traffic due to convenience store and gas station sublease (Extensive environmental protections to landlord!)
  • HIGH-VISIBILITY SIGNALIZED CORNER: Strategically positioned at a signalized intersection offering strong access, visibility, and consistent daily traffic counts
  • STRONG SOUTH TEXAS TRADE AREA: Located within the McAllen MSA, a key economic hub of the Rio Grande Valley with a population exceeding 900,000 residents
  • POPULATION GROWTH & EXPANSION: McAllen has experienced steady population growth of nearly 6% since 2020, with continued expansion driven by cross-border commerce, retail demand, and regional development
  • TEXAS TAX ADVANTAGE: Located in a no state income tax state, enhancing investor returns and continuing to attract both businesses and population growth to the region

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Restaurant

Absolute NNN Jack in the Box with C-Store & Fuel Station Sublease | 22+ Year Operating History!

Listing Price: $2,999,000

Cap Rate
6.80%
Tenant Name
Jack in the Box and Stripes
Years Remaining On Lease
1.2
Gross SF
2,223
Guarantor
Corporate Guarantee
Rentable SF
2,223
Price/Gross SF
$1,349.08
Lease Type
Absolute Net
Rent Per Square Feet
$91.68

Investment Highlights

  • ABSOLUTE NNN CORPORATE LEASE: Zero landlord responsibilities providing passive, management free ownership backed by a nationally recognized quick-service restaurant brand
  • LONG-TERM OPERATING HISTORY (22+ YEARS): Proven location with over two decades of successful operating history, demonstrating strong site performance and tenant commitment
  • RECENT OPTION EXERCISE WITH FUTURE UPSIDE: Tenant has already exercised its first renewal option, signaling long-term confidence in the site, with two 5-year options remaining
  • INCREASED CUSTOMER TRAFFIC: C-STORE & GAS SUBLEASE: Property benefits from enhanced site utility and increased traffic due to convenience store and gas station sublease (Extensive environmental protections to landlord!)
  • HIGH-VISIBILITY SIGNALIZED CORNER: Strategically positioned at a signalized intersection offering strong access, visibility, and consistent daily traffic counts
  • STRONG SOUTH TEXAS TRADE AREA: Located within the McAllen MSA, a key economic hub of the Rio Grande Valley with a population exceeding 900,000 residents
  • POPULATION GROWTH & EXPANSION: McAllen has experienced steady population growth of nearly 6% since 2020, with continued expansion driven by cross-border commerce, retail demand, and regional development
  • TEXAS TAX ADVANTAGE: Located in a no state income tax state, enhancing investor returns and continuing to attract both businesses and population growth to the region

Investment Overview

This offering presents a rare opportunity to acquire an absolute NNN corporate-leased asset providing truly passive, management-free ownership with zero landlord responsibilities. The property has demonstrated exceptional stability with over 22 years of continuous operating history, underscoring the strength of the location and long-term tenant commitment. Further reinforcing this stability, the tenant has already exercised its first renewal option, signaling confidence in the site, while two additional five-year options provide continued upside and income durability. The asset benefits from increased customer traffic driven by a complementary convenience store and gas station sublease, enhancing overall site performance while maintaining extensive environmental protections for the landlord. Strategically positioned on a high-visibility signalized corner, the property offers strong access and consistent daily traffic counts. Located within the McAllen MSA, a major economic hub in the Rio Grande Valley with a population exceeding 900,000, the site is supported by strong demographics and nearly 6% population growth since 2020, fueled by cross-border commerce and regional expansion. Additionally, the Texas location offers a favorable no state income tax environment, further enhancing investor returns and long-term appeal.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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