This Retail Property is Off-Market.

301 98th Street
Albuquerque, NM 87121 ·

2,628 SF · Retail For Sale

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Jack in the Box

Price N/A Occupancy 100%
Building Size 2,628 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Restaurant Year Built 2011
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 22,434 SF
Cap Rate 7%
Listing ID: 17378559 Date Created: 10/19/2011 Last Updated: 07/25/2012

Description

I am pleased to present:
For Sale a Absolute Triple Net Lease
of Jack in the Box in Albuquerque, New Mexico
Tenant responsible for NNN, Roof, Structure and all Maintenance

$2,194,000.00
7 Cap

Lease Commencement November, 2011
20 year lease with 10% escalations every 5 years
4 5 year options

2 Personal Guarantees Partners net worth $25 million +
Franchisee Operates over 50 Jack in the Box locations in the Southwest

This Jack in the Box location - sales estimate: $1.5M, 2012

Construction Completed November, 2011

56,900 cpd Hwy I-40 & 26,600 cpd 98th Street
(Hwy I-40 is highest traveled East/West US Interstate),

Over 148,000 households within 5 miles with $53,900 income

The Trade Area which serves this location encompasses the southwest portion of Albuquerque which is one of the Cities fastest growing trade areas with 7,547 residents within a one mile radius and average household incomes of $51,073 according to the 2010 census report. The Site is prominently located at the first traffic light off Hwy I-40 (69,500cpd) and 98th Street (26,600cpd). Historic Route 66 (Central Avenue) is a quarter mile south with 14,700cpd. Wal-Mart Neighborhood Center, Valero, McDonalds, Burger King, El Mezquite Market and 10,000 square feet of additional small shop space have all been built in the last 3 years to accommodate this growing trade area.

Research

301 98th Street, Albuquerque, NM 87121 (Bernalillo County)

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