It is a fast-food restaurant investment in one of the towns in Southern Texas. Description
The total area of a single-storey building is 233 m².
The plot of 2,550 m².
The restaurant was constructed in 2005 and now is in good overall condition.
The property is fully leased out to a major tenant.
Absolute income is 47,000 $.
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 2026.
All operating costs are borne by the tenant.
The property is situated on a strong retail corridor in the neighborhood with other national tenants.
The town has an airport.