2440 W Thomas Rd - Fast Food FOR SALE


Phoenix, AZ 85015- Midtown Phoenix
$3,365,000 USD
949-903-3399
2440 W Thomas Rd, Phoenix, AZ for Sale
$3,365,000 USD
Fast Food - FOR SALE
1/7
null | 4.6% Cap Rate

2440 W Thomas Rd
Phoenix, AZ 85015
Midtown Phoenix


HIGHLIGHTS

  • Jack in the Box – Absolute NNN Corporate Lease - Strong Performing Store – Ranked in Top 20%
  • Recently Extended Lease – 17+ Years Remaining in Primary Term
  • Corporate Lease (Jack in the Box Inc.) - Publicly traded company (NASDAQ: JACK)
  • Hwy 17 and Hwy 60 Frontage and access – Visibility to over 267,000 VPD
  • Hard Corner Signalized Intersection of Arizona Veterans Hwy 17, N Black Canyon Highway 60 and Thomas Road
  • Strong Demographics – Over 434,800 Residents within 5 Mile Radius

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a corporate leased Jack in the Box in Phoenix, AZ. Jack in the Box, a publicly traded company (NASDAQ: JACK), operates over 2,200 locations across 22 states and has nearly $6 billion annual systemwide sales. The long term absolute NNN lease was recently extended, and has over 17 lease years remaining in the primary term and features 10% rent increases every 5 years. This high performing Jack in the Box is ranked in the top 20% performing stores in the state and top 28% in the Country. The 2,414 SF QSR building with drive-thru on 0.91-acre parcel is strategically positioned on the hard corner signalized intersection of Highway 17 Arizona Veterans, Highway 60 Black Canyon Highway and Thomas Road which sees over 267,200 VPD. This combined with the over 434,000 people living within a 5-mile radius as well as over 17,680 businesses making this an irreplaceable location for a quick service restaurant.

FOR SALE DETAILS

PRICE

$3,365,000 USD

PRICE/SF

$1,395 USD /SF

CAP RATE

4.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jack In The Box

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

C-G

APN/PARCEL ID

110-36-010B,110-36-010C,110-36-010E

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.