Jack in the Box: LEASEHOLD – CONVEYING BUILDING ONLY

Rio Rancho, NM

Price $899,000
Cap Rate 6.25%
TYPE Single-Tenant
STATUS Available
Tenant Jack in the Box
LEASE TYPE N/A
SQUARE FEET 2,800
PRICE/SQ FT $899,000
YEAR BUILT 2011
LEASE EXP. 13.5 Years from Close of Escrow
LISTING AGENT Justin Carlson
480-214-5088 x105
jcarlson@ciadvisor.com
Richard Hanna, Hanna Commercial, LLC
New Mexico Local Broker, #9158

Property Description

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

Property Highlights

  • LEASEHOLD – CONVEYING BUILDING ONLY
  • Tenant: Dancel, LLC is a Jack in the Box Franchisee with 7 Restaurants in New Mexico - Personal Guarantee from High Net Worth Individual
  • Demographics: Total Population (5-MI): 36,059 | Average Household Income (1-MI): $91,374 | Population Growth 2010-2018 (1-MI): 19.05%
  • New 13.5-Year Absolute NNN Lease with 10% Rental Escalations in Years 6th & 11th and in Renewal Option Periods
  • Pad Site to Plaza at Enchanted Hills Just off the Hard Corner where Traffic Counts Exceed 23,400 CPD!