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Jack in the Box 180 E Central Texas Expy 2,765 SF Retail Building Harker Heights, TX 76548 $3,238,400 ($1,171.21/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- New 2020 Prototype Construction
- Percentage Rent | Increased NOI Potential
- Favorable, Lucrative Lease Structure
- Successful Restaurant Brand
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Jack in the Box located at 180 East Central Texas Expressway, Harker Heights, TX 76548. The site consists of roughly 2,765 rentable square feet of building space on an estimated 1.03-acre parcel of land. This Jack in the Box is subject to a 20-year Triple Net (NNN) lease, which commenced 4/10/2020. The current annual rent is $194,304 and has scheduled increases of greater of 15% every 5 years or change in cpi.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,765 SF
Building Class
B
Year Built
2020
Price
$3,238,400
Price Per SF
$1,171.21
Cap Rate
6%
NOI
$194,304
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.03 AC
Parking
44 Spaces (15.91 Spaces per 1,000 SF Leased)
Frontage
74’ on Central Texas Exp*
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 446461 | Improvements Assessment | $910,041 |
| Land Assessment | $412,959 | Total Assessment | $1,323,000 |
PROPERTY TAXES
Parcel Number
446461
Land Assessment
$412,959
Improvements Assessment
$910,041
Total Assessment
$1,323,000
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Jack in the Box | 180 E Central Texas Expy
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