Asking Price S$1,042,000
Sq. Footage 1,940
NOI Net Operating Income S$52,090
Cap Rate 5.00%

Attributes

Year Built 1974
Lease Type NNN
Current / Passing Rent S$52,090
Lease Expiration 2024-07-31
Remaining Term 4 years, 7 months
Tenant Jack In The Box
Lot Size 0.5 ACRES

Property Description

JLL is pleased to exclusively offer a premier investment opportunity to acquire the fee simple interest in a single-tenant property (the “Property“ or the “Asset”) leased to the corporate entity Jack in the Box Inc. (NASDAQ: JACK) (the “Tenant“) located in Clute, TX. The Property is situated at the lighted intersection of Plantation Drive and Dixie Drive that sees over 32,000 VPD. The Property is located in a busy Clute location with immediate proximity to the Nolan Ryan Expressway, Brazoswood High School and numerous nationwide tenants. Jack in the Box has occupied the Property since 1974 and recently the Tenant exercised a renewal option showing further commitment to the site.

Investment Highlights

  • Longstanding operating history with absolute NNN lease commencing in 1974
  • Rare corporate tenant within chain that franchises 94% of all locations
  • Publicly traded institution with market cap in excess of $2 billion
  • Exceptional financial performance with three consecutive earnings releases beating analyst estimates
  • Less than a half mile from the Nolan Ryan Expressway in dense retail hub 


Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243
Ryan West
Senior Managing Director

JLL  financing

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