16330 FM 620
Round Rock, TX 78681
Jack in the Box (Absolute NNN) · Retail Property For Sale

Offered for sale is the opportunity to acquire an absolute triple-net leased Jack in the Box in Round Rock (Austin), Texas. The property consists of a freestanding building that sits on approximately 0.76 acres of land. Jack in the Box has been in operation at this location for nearly 17 years, and recently negotiated a new ten-year lease extension, further showing their commitment to the site. There are now approximately 11.5 years remaining on the current lease term, with 10 percent rental escalations scheduled every five years. The property has excellent frontage and visibility on FM 620, where traffic counts exceed 28,069 vehicles per day. The area is extremely dense with more than 205,695 residents within a five-mile radius, and an average household income of $117,418 within a one-mile radius. National retailers in the immediate area include H-E-B, Starbucks, Dairy Queen, 7-Eleven, Bank of America, Subway, AutoZone, Circle K, Jiffy Lube, Pizza Hut, and many more. Round Rock is part of the Austin MSA and is located approximately 20 miles from downtown Austin. In 2008, Money Magazine recognized Round Rock as the seventh best American small city in which to live (the only city to make the list in Texas). Continued improvement in the metro' s retail market is expected to lure investors to Austin this year. Austin' s economy is firing on all cylinders, and employment growth along with favorable demographic trends should further advance the area' s retail market this year. Employers in the metro are expected to outpace the nation for the seventh consecutive year as they increase payrolls, drawing a number of new residents to the market in search of jobs. As a result, retailers are expanding their presence in the metro and developers are following the path of residential growth.