Historical Retail Sale Listing - Jack in the Box Ground Lease

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Jack in the Box Ground Lease

6415 Airport Boulevard, Austin, TX 78752

N/A

35,153 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
35,153 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Investment
Cap Rate:
5.50%
Occupancy:
100%
Tenancy:
Single
Property on Ground Lease?:
Yes
Year Built:
1998
Lot Size:
35,153 SF
APN / Parcel ID:
361656
Listing ID
14909178
Last Updated
over 1 year ago

Highlights

  • 12 Years Remaining on NNN Lease
  • Corporate Guarantee
  • 10 Percent Increases During Lease and Option Periods
  • Two Five-Year Options
  • Signalized Intersection
  • Located Next to Highland Mall (Over 1 Million SF of Rentable Space)

Description

The subject property is surrounded by several major neighborhood developments. One half mile northwest of the property (at the intersection of North Lamar and Airport Boulevard) The Stratus Company and Trammell Crow Company are currently under construction on a 73 acre mixed use porject named Crestview Station. There is 150,000 square feet of commercial and retail buildings planned adjacent to one of Austin 's planned commuter rail transit stations, which should be operational by 2008. The transit station and the commercial activity will serve to anchor a new residentail community of approximatly 1,000 homes.
Just one and one half miles to the southeast of the property, at the intersection of Airport Boulevard and Interstate Highway 35, is one of the largest in-fill mixed-use projects currenly under construction in the United States. The former Mueller Aiport porject is a 711 acre project that will eventaully be home to more than 10,000 people and 4,632 dwelling units. In addition to the residential component, the project will have over 3 million square feet of commercial projects including the Dell Children's Medical Center, which is now under construction.

Jack in the Box is loated at the signalized intersection of Airport Boulevard and East Highland Mall Boulevard in north central Austin Texas. Situated at the hard corner of the intersection, the property benefits from access from both roads and is located direcly adjacent to a Payless Shoe Source. The subject property is positioned directly across the street from the Highland Mall, which is owned by General Growth Properties. Highland Mall is a two-level enclosed regional mall that consists of more than one million square feet of rentable space, and is anchored by Dillards and Macy's. Jack in the Box benefits greatly from its position within a dense and established north Austin submarket.

Map of 6415 Airport Boulevard, Austin, TX 78752 (Travis County)

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Created 12/5/2006