Restaurant

Jack In The Box

3701 Pecan Blvd, McAllen, TX 78501

Listing Price: $1,840,000

Cap Rate
6.25%
Tenant Name
Jack In The Box
Years Remaining On Lease
9.90
Gross SF
2,869
Guarantor
Corporate Guarantee
Rentable SF
2,869
Price/Gross SF
$641.34
Lease Type
Absolute Net
Rent Per Square Feet
$40.08

Investment Overview

The subject property is a corporate Jack In the Box net lease investment. Jack in the Box exercised a 10-year lease extension commencing August 2020. Aside from the long historical occupancy, the property benefits from a highly visible signalized intersection with traffic counts of approximately 43,000 VPD.

Tenants in the immediate area include HEB Supermarket, McDonalds, Wing Stop, Sonic and Churchs Chicken. The property also benefits from being close to South Texas College with approximately 31,000 students enrolled and a staff of 1,600 over six campuses.
Being an essential business, the property had been opened for business and had been paying full rent during COVID. The rent being net to the Landlord with passive landlord lease terms.

The vibrant City of McAllen is located at the Southern part of Texas sandwiched between the neighbor cites of Mission and Pharr. The population is large with over 230,000 people within five miles. McAllen is one of the major arteries connecting San Antonio and Laredo to Mexico.

McAllen and its neighbor cities has an impressive retail draw boasting a large assortment of large national tenants in the area such as Costco, eight Walmart's, two Sams Clubs, three HEB Supermarkets, three Best Buys, three Lowes, three Targets, Home Depot just to name a few.

Investment Highlights

  • 10 Years Lease Extension - Corporate Guarantee
  • A NNN Lease - No Landlord Responsibility
  • Long Historical Occupancy of 18 Years
  • Income Tax Free State
  • Essential Business Paying Full Rent
  • Situated at Signalized Intersection with Uncompromised Tall Pylon Sign Visibility

Exclusively Listed By

Financing By

Listing Price: $1,840,000

Cap Rate
6.25%
Tenant Name
Jack In The Box
Years Remaining On Lease
9.90
Gross SF
2,869
Guarantor
Corporate Guarantee
Rentable SF
2,869
Price/Gross SF
$641.34
Lease Type
Absolute Net
Rent Per Square Feet
$40.08

Investment Highlights

  • 10 Years Lease Extension - Corporate Guarantee
  • A NNN Lease - No Landlord Responsibility
  • Long Historical Occupancy of 18 Years
  • Income Tax Free State
  • Essential Business Paying Full Rent
  • Situated at Signalized Intersection with Uncompromised Tall Pylon Sign Visibility

Investment Overview

The subject property is a corporate Jack In the Box net lease investment. Jack in the Box exercised a 10-year lease extension commencing August 2020. Aside from the long historical occupancy, the property benefits from a highly visible signalized intersection with traffic counts of approximately 43,000 VPD.

Tenants in the immediate area include HEB Supermarket, McDonalds, Wing Stop, Sonic and Churchs Chicken. The property also benefits from being close to South Texas College with approximately 31,000 students enrolled and a staff of 1,600 over six campuses.
Being an essential business, the property had been opened for business and had been paying full rent during COVID. The rent being net to the Landlord with passive landlord lease terms.

The vibrant City of McAllen is located at the Southern part of Texas sandwiched between the neighbor cites of Mission and Pharr. The population is large with over 230,000 people within five miles. McAllen is one of the major arteries connecting San Antonio and Laredo to Mexico.

McAllen and its neighbor cities has an impressive retail draw boasting a large assortment of large national tenants in the area such as Costco, eight Walmart's, two Sams Clubs, three HEB Supermarkets, three Best Buys, three Lowes, three Targets, Home Depot just to name a few.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower