603 W Henderson St
Cleburne, TX 76033
Jack in the Box · Retail Property For Sale

Jack in the Box | Abs NNN | 10+ Yrs | Increases Stan Johnson Company, on behalf of Ownership, as its exclusive advisor, is pleased to offer for sale the opportunity to acquire the fee simple interest in the Jack in the Box property located at 603 W. Henderson Street in Cleburne, Texas (the Property ). The Property is comprised of +/- 2,273 square feet on 0.56 acres, and is currently operated by Jack in the Box Eastern Division, L.P., the primary wholly owned subsidiary of Jack in the Box, Inc. (NASDAQ: JACK), which in 2015 reported total Revenue of $1.54 billion, Net Income of $108.81 million, and Total Assets of $1.3 billion. The lease is absolute NNN in nature with no management responsibilities, and currently has 10.25 years remaining on the base lease term, which calls for attractive rental increases every five (5) years throughout the base term and four (4), five (5) year renewal options. Cleburne is a city and county seat of Johnson County in Texas. The city is named in honor of Patrick Cleburne, a Confederate General. Lake Pat Cleburne, the reservoir that provides water to the city and surrounding area, is also named after him. Cleburne is on the fringe of the Dallas Fort Worth metroplex. Growth in the area can be primarily attributed to suburbanization. It is the second most populous city in Johnson County. As of the census of 2010, there were 29,377 people, 11,418 households, and 10,495 families residing in the city. The population density was 935.9 people per square mile. There were 9,910 housing units at an average density of 356.7 per square mile.