2440 W Thomas Rd - Fast Food FOR SALE


Phoenix, AZ 85015- Midtown Phoenix
$3,441,000 USD
760-448-2449
2440 W Thomas Rd, Phoenix, AZ for Sale
$3,441,000 USD
Fast Food - FOR SALE
1/13
null | 4.5% Cap Rate

2440 W Thomas Rd
Phoenix, AZ 85015
Midtown Phoenix


HIGHLIGHTS

  • Corporate Lease Guaranty – Jack in the Box, Inc. (NASDAQ: JACK) $1.57 Billion in Revenue (2024)
  • $2.2M in Estimated Gross Sales Annually (2024) – Profitable 5.5% Rent to Sales Ratio – Recently Extended 15 Year Lease
  • 16+ Years Remaining on Absolute NNN Lease – Recent 15 Year Early Lease Extension – 32 Year Successful Operating History
  • Irreplaceable Frontage & Access to Interstate 17 & Highway 60 – Visibility To 267,000 Vehicles Per Day – Signalized Hard Corner
  • Phoenix, Arizona – An Economic Powerhouse – One of The Fastest Growing Metro Areas in the U.S.

OVERVIEW

Lee & Associates is pleased to present a rare Jack in the Box corporate-guaranteed, 100% leased, single-tenant NNN investment opportunity located in Phoenix, Arizona. Jack in the Box, one of the nation’s most recognized quick-service restaurant brands, boasts nearly 75 years of operational history, with over 2,200 locations across 21 states. Demonstrating a long-term commitment to this high-performing location, the tenant recently executed a 15-year early lease extension through 2041. With 32 years of successful operation at this site and estimated 2024 gross sales of $2.2 million, this location maintains a strong and healthy 5.5% rent-to-sales ratio. Strategically positioned at the signalized hard corner intersection of Interstate 17, Thomas Road, and Highway 60, the property offers visibility to over 267,000 vehicles per day and benefits from seamless ingress and egress from multiple access points. The site is located in one of Phoenix’s densest retail corridors, with nearly 250,000 residents and over 166,000 households within a five-mile radius, further supporting strong sales performance and daily traffic volume. Located in the rapidly growing Phoenix metro, one of the fastest-expanding regions in the U.S., the property is positioned to benefit from a surging local economy fueled by high-wage job creation and significant tech-sector investment. Phoenix is now home to Taiwan Semiconductor Manufacturing Co.’s $65+ billion expansion, making it a national hub for innovation and manufacturing. With favorable demographics, increasing demand for retail, and a corporate-guaranteed lease from a nationally recognized tenant, this asset presents a compelling opportunity for long-term, stable returns.

FOR SALE DETAILS

PRICE

$3,441,000 USD

PRICE/SF

$1,426 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jack In The Box

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

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

Ryan BennettLee & AssociatesMore Info
760-448-2449

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Ryan BennettLee & AssociatesMore Info
760-448-2449

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