This Retail Property is Off-Market.

1490 Poinsett Highway
Greenville, SC 29609 ·

2,867 SF · Retail For Sale

N/A

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Jack in the Box

Price N/A Commission Split 4%
Building Size 2,867 SF Cap Rate 7.37%
Property Type Retail Tenancy Single
Property Sub-type Retail Pad Year Built 2002
Property Use Type Net Lease Investment with 8 years left on lease Lot Size 43,320 SF
Listing ID: 17805567 Date Created: 08/24/2012 Last Updated: 06/30/2013

Description

Corporate Guaranteed absolute NNN lease Greenville, South Carolina - Single tenant, free-standing Jack in the Box restaurant with drive-thru. The fee interest property has almost 8 yrs remaining on the original 18 yr lease. The lease has CPI (10% max) rental increases every 5 yrs which continue through the tenant' s 4-5 yr options. Jack in the Box, Inc. (NASDAQ: JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation' s largest hamburger chains, with more than 2,200 restaurants in 20 states. Additionally, through a wholly owned subsidiary, the company operates and franchises Qdoba Mexican Grill®, a leader in fast-casual dining, with more than 600 restaurants in 42 states. With over 25,000 employees nationally, JIB Inc. is among the Nation' s leading fast-food hamburger chains and the 1st major drive-thru chain in the country.
As of October 2011, the Company reported total revenue of $2.19 billion

Located at the Southwest quadrant of a 400,000 square foot power center called Cherrydale Point. Convenient to downtown and Furman University, this shopping center includes an Old Navy, TJ Maxx, Shoe Carnival, Bath and Body Works, Ross Dress for Less, and Cherrydale Cinemas. Nearby dining options include Atlanta Bread Company, Frodo's Pizza, Flat Rock Grille and Ruby Tuesday's.

Research

1490 Poinsett Highway, Greenville, SC 29609 (Greenville County)

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