Historical Retail Sale Listing - Jack in the Box

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Jack in the Box

1490 Poinsett Highway, Greenville, SC 29609

N/A

2,867 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
2,867 SF
Property Type:
Retail
Property Sub-type:
Retail Pad
Property Use Type:
Net Lease Investment with
8 years left on lease
Commission Split:
4%
Cap Rate:
7.37%
Tenancy:
Single
Year Built:
2002
Lot Size:
43,320 SF
Listing ID
17805567
Last Updated
over 1 year ago

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.

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

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Created 8/24/2012