Historical Retail Sale Listing - Jack in the Box

Retail For Sale

This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Albuquerque, NM or New Mexico

Jack in the Box

301 98th Street, Albuquerque, NM 87121

N/A

2,628 SF | Retail

  • Print

Retail Property - Off Market

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

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.

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

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

  • Demographics – Population, income & other demographics near 301 98th Street
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building