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Restaurant

Jack in the Box

301 98th St NW, Albuquerque, NM 87121

Listing Price: $2,324,000

Cap Rate
6.25%
Tenant Name
Jack in the Box
Years Remaining On Lease
9.7
Guarantor
Franchisee Guarantee
Rentable SF
2,628
Lease Type
Absolute Net
Rent Per Square Feet
$55.25

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Jack in the Box in Albuquerque, New Mexico. The property consists of a 2,628-square-foot, freestanding building that sits on approximately 0.47 acres of land. There are approximately 9.8 years remaining on the current lease term, with a 10 percent rental escalation scheduled every 5 years, as well as each option thereafter. The property has excellent access and visibility on 98th Street Northwest, where traffic counts exceed 23,000 vehicles per day. The area is extremely dense with more than 162,894 residents within a five-mile radius. Surrounding retailers in the immediate area include Starbucks, Subway, McDonalds, and many more.

Investment Highlights

  • Absolute Net Lease with Approximately 10 Years Remaining
  • Next to 24 Hour Travel Center with Easy Access Interstate 40, to the City's Main East–West Traffic Artery (39,246 VPD)
  • More than 162,894 Residents Within a Five-Mile Radius
  • 0.47 Acres Parcel with Ample Parking and Multiple Access Points
  • Experienced Franchisee with 29 Restaurants and 38 Years of Experience with Jack in the Box
  • Over the last 3 years, sales have been trending upward year after year
  • Proximity to Historic Route 66

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Financing By

Restaurant

Jack in the Box

Listing Price: $2,324,000

Cap Rate
6.25%
Tenant Name
Jack in the Box
Years Remaining On Lease
9.7
Guarantor
Franchisee Guarantee
Rentable SF
2,628
Lease Type
Absolute Net
Rent Per Square Feet
$55.25

Investment Highlights

  • Absolute Net Lease with Approximately 10 Years Remaining
  • Next to 24 Hour Travel Center with Easy Access Interstate 40, to the City's Main East–West Traffic Artery (39,246 VPD)
  • More than 162,894 Residents Within a Five-Mile Radius
  • 0.47 Acres Parcel with Ample Parking and Multiple Access Points
  • Experienced Franchisee with 29 Restaurants and 38 Years of Experience with Jack in the Box
  • Over the last 3 years, sales have been trending upward year after year
  • Proximity to Historic Route 66

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Jack in the Box in Albuquerque, New Mexico. The property consists of a 2,628-square-foot, freestanding building that sits on approximately 0.47 acres of land. There are approximately 9.8 years remaining on the current lease term, with a 10 percent rental escalation scheduled every 5 years, as well as each option thereafter. The property has excellent access and visibility on 98th Street Northwest, where traffic counts exceed 23,000 vehicles per day. The area is extremely dense with more than 162,894 residents within a five-mile radius. Surrounding retailers in the immediate area include Starbucks, Subway, McDonalds, and many more.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

Financing By

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