Restaurant

Top Performing Corp. Jack in the Box | South Texas | 15Yr Abs Net Lease | Pad to Walmart Supercenter

1538 Texas Blvd N, Weslaco (South Texas), TX 78599

Listing Price: $2,618,260

Cap Rate
5.00%
Tenant Name
Jack in the Box
Years Remaining On Lease
15.00
Gross SF
2,773
Guarantor
Corporate Guarantee
Rentable SF
2,773
Price/Gross SF
$944.20
Lease Type
Absolute Net
Rent Per Square Feet
$47.21

Investment Overview

Weslaco is a city in Hidalgo County, located at the southern tip of Texas in the Rio Grande Valley near the Mexican border, across the Rio Grande from the city of Nuevo Progreso, Rio Bravo, Tamaulipas. The City is part of the McAllen–Edinburg–Mission and Reynosa–McAllen metropolitan areas. The focal point of economic activity has shifted from agriculture to international trade, healthcare, retail and tourism since the ratification of the North American Free Trade Agreement in 1994. In Hidalgo County, cross-border cargo and vehicular traffic have increased 345% and 36.4% respectively since the beginning of the 1990s, from 228,133 to 1,015,554 cargo trucks in 2008 and from 10.92 million to 14.9 million automobiles. US/Mexico trade crossing the international bridge in Hidalgo County increased from $5.0 billion in 1994, pre-NAFTA, to $12.56 billion in 2000 and $19.9 billion in 2006. From 1995 to 2006 the Rio Grande Valley share of NAFTA trade increased 168% from $11.1 billion to $31.6 billion. It is estimated that there are 40 million visits per year from Mexican citizens coming to Texas for vacations and shopping trips. These people contribute greatly to the retail sales volume that occurs in Weslaco and the surrounding communities.

Investment Highlights

  • Corporate Backed 15 Year Absolute Net Lease Featuring 5% Rental Increases Every 5 Years. 20 Year Historical Occupancy.
  • Tenant Extended the Term an Additional 10 Years Demonstrating a Strong Commitment to the Location.
  • Strong Performing Location: Top 2% in the Chain per Placer.ai (3rd Party Software tracking Foot Traffic and Cell Phone Data).
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access & Excellent Visibility to Daily Traffic Counts Exceeding 27k Vehicles. Direct Access to/from Interstate-2 (105k+ VPD).
  • Pad to a Walmart Supercenter and Across from H-E-B. Near Numerous other National Retailers including Lowe's, The Home Depot, Academy Sports, Big Lots, TJ Maxx, Petco and many more.
  • In Close Proximity to Numerous Schools With Strong Student Populations Including Weslaco High School (2,449+ Students), Donna High School (2,045+ Students) and Weslaco East High School (2,040+ Students).
  • Densely Populated Area: Features more than 109k People Residing within a 5-Mile Radius. Population Has Grown In Excess of 33% Since 2000.
  • Near Mid-Valley Airport - Largest General Aviation Airport South of San Antonio. First Facility on the Texas/Mexico Border to Promote Air Transportation and Easy Clearance between Texas and Mexico.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

Restaurant

Top Performing Corp. Jack in the Box | South Texas | 15Yr Abs Net Lease | Pad to Walmart Supercenter

Listing Price: $2,618,260

Cap Rate
5.00%
Tenant Name
Jack in the Box
Years Remaining On Lease
15.00
Gross SF
2,773
Guarantor
Corporate Guarantee
Rentable SF
2,773
Price/Gross SF
$944.20
Lease Type
Absolute Net
Rent Per Square Feet
$47.21

Investment Highlights

  • Corporate Backed 15 Year Absolute Net Lease Featuring 5% Rental Increases Every 5 Years. 20 Year Historical Occupancy.
  • Tenant Extended the Term an Additional 10 Years Demonstrating a Strong Commitment to the Location.
  • Strong Performing Location: Top 2% in the Chain per Placer.ai (3rd Party Software tracking Foot Traffic and Cell Phone Data).
  • Positioned Along Area's Major Retail & Traffic Corridor. Features Easy Access & Excellent Visibility to Daily Traffic Counts Exceeding 27k Vehicles. Direct Access to/from Interstate-2 (105k+ VPD).
  • Pad to a Walmart Supercenter and Across from H-E-B. Near Numerous other National Retailers including Lowe's, The Home Depot, Academy Sports, Big Lots, TJ Maxx, Petco and many more.
  • In Close Proximity to Numerous Schools With Strong Student Populations Including Weslaco High School (2,449+ Students), Donna High School (2,045+ Students) and Weslaco East High School (2,040+ Students).
  • Densely Populated Area: Features more than 109k People Residing within a 5-Mile Radius. Population Has Grown In Excess of 33% Since 2000.
  • Near Mid-Valley Airport - Largest General Aviation Airport South of San Antonio. First Facility on the Texas/Mexico Border to Promote Air Transportation and Easy Clearance between Texas and Mexico.

Investment Overview

Weslaco is a city in Hidalgo County, located at the southern tip of Texas in the Rio Grande Valley near the Mexican border, across the Rio Grande from the city of Nuevo Progreso, Rio Bravo, Tamaulipas. The City is part of the McAllen–Edinburg–Mission and Reynosa–McAllen metropolitan areas. The focal point of economic activity has shifted from agriculture to international trade, healthcare, retail and tourism since the ratification of the North American Free Trade Agreement in 1994. In Hidalgo County, cross-border cargo and vehicular traffic have increased 345% and 36.4% respectively since the beginning of the 1990s, from 228,133 to 1,015,554 cargo trucks in 2008 and from 10.92 million to 14.9 million automobiles. US/Mexico trade crossing the international bridge in Hidalgo County increased from $5.0 billion in 1994, pre-NAFTA, to $12.56 billion in 2000 and $19.9 billion in 2006. From 1995 to 2006 the Rio Grande Valley share of NAFTA trade increased 168% from $11.1 billion to $31.6 billion. It is estimated that there are 40 million visits per year from Mexican citizens coming to Texas for vacations and shopping trips. These people contribute greatly to the retail sales volume that occurs in Weslaco and the surrounding communities.

Exclusively Listed By

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    License(s): TX: 0606255

    Texas

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