Jack in the Box Investment Offering

98th Street & I-40, Albuquerque, NM

About this Property

  • Sedberry & Associates is pleased to present for sale a Absolute NNN Lease; newly constructed; freestanding Jack in the Box. This location is at the first signalized intersection south of I-40 (56,900cpd) on 98th Street (26,600cpd).

    Purchase Information

    ABSOLUTE NNN LEASE
    Purchase Price: $2,194,000
    Annual Net Income: $153,579
    Cap Rate : 7.0%
    Year Constructed: November 2011
    Building Square Footage: 2,628
    Size (approximate): 22,434 SF

    INVESTMENT:
    • Absolute Triple Net Lease, including land and building.
    • Lease commenced November 2011.

    FRANCHISEE:
    • Dancel, LLC a New Mexico Limited Liability Company.
    • 2 Personal Guarantees running the entire Lease Agreement.
    • Partners Net Worth 25M +/-
    • Operate over 30 Jack in the Box locations in the Southwest.
    • Primary franchisee in New Mexico with 7 locations.

    LEASE:
    • 20 year Absolute NNN Lease with 10% escalations every 5 years.
    • 4-5 year Option Terms with 10% escalations every 5 years.
    • Tenant maintains all improvements including roof and structure.

    NEW CONSTRUCTION:
    • New freestanding Jack in the Box construction completed November 2011.

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Contact a Broker about this Property

Lisa K. Urrea, Senior Broker- Office:(505) 855-7614 Cell:(505) 340-9622
click to email Lisa K. Urrea