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Jack in the Box | Abs NNN GL 37723 N Gantzel Rd 2,862 SF Retail Building San Tan Valley, AZ 85140 $1,656,000 ($578.62/SF) 4.75% Cap Rate
Investment Highlights
- 11 Years Remaining | Drive-Thru on Large Lot | National QSR Tenant
- Across from Target and Sprouts Anchored Center (1.9M Visits) |Direct Access of N. Gantzel Rd (25K VPD)
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-mile Trade Area | Phoenix MSA | Fastest Growing County in AZ | Master-Planned Development
Executive Summary
SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, drive-thru Jack in the Box investment property located in San Tan Valley, Arizona (Phoenix MSA). The tenant, DOP San Tan Valley, LLC, has 11-years remaining on its lease with 4 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Jack in the Box is one of the most recognized quick-service restaurant brands in the United States, operating approximately 2,128 locations across 24 states, Guam, and Mexico from its headquarters in San Diego, California.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,862 SF
Building Class
C
Year Built
2017
Price
$1,656,000
Price Per SF
$578.62
Cap Rate
4.75%
NOI
$78,650
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.28 AC
Zoning
CB-2 - General Business
Parking
35 Spaces (12.23 Spaces per 1,000 SF Leased)
Frontage
162’ on North Gantzel Road
Amenities
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
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Jan 0000
Jack in the Box began in 1951 as a fast-food concept and has grown into a restaurant company that operates and franchises the Jack in the Box brand. The business centers on burgers, tacos, chicken, breakfast, and beverages, with service built around drive-thru, takeout, pickup, and delivery. Jack in the Box also operates Del Taco, extending the portfolio into Mexican-American quick-service dining. Across its brands, the company serves a broad U.S. market with additional presence in Guam and Mexico, and the menu includes all-day breakfast alongside a wide mix of classic and value-focused items.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 104-22-082 | Improvements Assessment | $682,767 |
| Land Assessment | $261,017 | Total Assessment | $943,784 |
Property Taxes
Parcel Number
104-22-082
Land Assessment
$261,017
Improvements Assessment
$682,767
Total Assessment
$943,784
Contacts
-
Chris Abdayem, CCIM -
Patrick Luther -
Matthew Mousavi -
Ed Beeh -
SRS Real Estate Partners
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