Jack in the Box has a new 13.5-year Absolute NNN Lease (leasehold-conveying building only) with 10% rental escalations in years 6th and 11th and in renewal option periods. The tenant, Dancel, LLC is a Jack in the Box franchisee with 7 restaurants in New Mexico – personal guarantee from high net worth individual.
Jack in the Box is located in Rio Ranch, New Mexico, and a pad site to Plaza at Enchanted Hills with high drive by visibility. The property sits on the hard corner with nearby retailers including Walmart Supercenter, The Home Depot, Albertsons Market, Big 5 Sporting Goods, Dollar Tree, Goodwill, Aaron’s, Mattress Firm, Firestone Complete Auto Care, Walgreens, Anytime Fitness, etc. Jack in the Box is also located less than one mile from Santa Ana Casino Hotel.
In Association with New Mexico Local Broker: Richard Hanna | Hanna Commercial, LLC | License # 9158