Jack In the Box Ground Lease | 1315 Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Jack In the Box Ground Lease 1315 Main St
2,038 SF Retail Building Vidor, TX 77662 £665,083 (£326/SF) 6.26% Net Initial Yield
Investment Highlights
- Prime location with excellent visibility to main road
- 3 years remaining on Lease with options
- Corporate Guaranteed Absolute NNN Lease
- Two, 5-Year Options with 10% rent increases
Executive Summary
This Jack in the Box property, located at 1315 N. Main St. Vidor, Texas is a corporate-guaranteed, absolute NNN ground lease. Built in 2007, the 20 year ground lease is set to expire 07/17/2027. There are two (5) year options remaining with 10% rent increases. The property consists of 2,038 SF sitting on 0.77 acres.
Jack in the Box currently pays an NOI of $53,240 ($4,436.67/ month) and is responsible for all taxes, insurance and maintenance.
Jack in the Box is situated in a prime location, next door to Walgreens and City Hall with excellent visibility to Highway 105 (N. Main St). Directly across from the Jack In the Box site is a Walmart Super Center and Brookshire Brothers. Other surrounding retail includes CVS pharmacy, Oreilly Auto Parts, Autozone, Ace Hardware, and Take 5 car wash.
Vidor is a city of Southeast Texas. It lies six miles east of Beaumont at the intersection of Interstate 10 and Highway 105 which has a daily traffic count of 19,483. The Vidor CCD has a population of 27, 293.
Jack in the Box currently pays an NOI of $53,240 ($4,436.67/ month) and is responsible for all taxes, insurance and maintenance.
Jack in the Box is situated in a prime location, next door to Walgreens and City Hall with excellent visibility to Highway 105 (N. Main St). Directly across from the Jack In the Box site is a Walmart Super Center and Brookshire Brothers. Other surrounding retail includes CVS pharmacy, Oreilly Auto Parts, Autozone, Ace Hardware, and Take 5 car wash.
Vidor is a city of Southeast Texas. It lies six miles east of Beaumont at the intersection of Interstate 10 and Highway 105 which has a daily traffic count of 19,483. The Vidor CCD has a population of 27, 293.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
2,038 SF
Building Class
C
Year Built
2007
Price
£665,083
Price Per SF
£326
Net Initial Yield
6.26%
NOI
£41,658
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
0.77 AC
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 013244-000028 | Improvements Assessment | £237,449 |
| Land Assessment | £171,150 | Total Assessment | £408,599 |
PROPERTY TAXES
Parcel Number
013244-000028
Land Assessment
£171,150
Improvements Assessment
£237,449
Total Assessment
£408,599
-
BRIANNA BATSHON - B & B Real Estate, Inc.
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
B & B Real Estate, Inc.
Jack In the Box Ground Lease | 1315 Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.