It is a fast-food restaurant investment in one of the small towns in Southern Texas. Description
The total area of a single-storey building is 185 m².
The plot of 4,451 m².
The restaurant was constructed in 2003 and now is in good overall condition.
The property is fully leased out to a major tenant.
Absolute income is 36,158 $.
The current yield of 4,7%.
The tenant is Jack in the Box.
Jack in the Box was founded in 1951 and now has more than 2,000 branches in 21 states. The annual revenue exceeds $2 billion.
The NNN lease agreement is signed until 2024.
All operating costs are borne by the tenant.
The property is situated on a retail corridor in the neighborhood with a cinema and other national tenants.
There is an adjacent highway, the daily traffic through which exceeds 30,000 vehicles.