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Jack in the Box 2133 Texoma Pky
2,082 SF Retail Building Sherman, TX 75090 $2,952,918 CAD ($1,418 CAD/SF) 4% Cap Rate
Investment Highlights
- Corporate-backed lease
- Recent 20 year lease with 17 yrs remaining
- Original tenant from 1973
- 10% rent increase next year
Executive Summary
Property Overview:
Seize the chance to own a high-performing, corporate-backed Jack in the Box (NASDAQ: JACK) in Sherman, Texas—a city experiencing unprecedented growth due to a surge in semiconductor manufacturing investments. This property offers a stable, long-term income stream with zero landlord responsibilities, thanks to its absolute NNN lease structure.
Key Investment Highlights:
Corporate-Backed Lease: Benefit from a secure income backed by Jack in the Box Inc., a nationally recognized brand with a strong financial standing.
Absolute NNN Lease: Enjoy hassle-free ownership where the tenant covers all expenses, including property taxes, insurance, and maintenance.
Booming Economic Growth: Sherman is transforming into a manufacturing city with multiple semiconductor manufacturers building new factories / semiconductor fabs, including Texas Instrument’s new $30 Billion dollar plants and GlobiTech’s $5 Billion dollar fab, injecting billions into the local economy and creating thousands of jobs.
Prime Location: Situated at a signalized intersection with high traffic counts, offering maximum visibility and easy accessibility.
Robust Traffic & Demographics: Capitalize on heavy daily vehicular traffic and a growing population eager for dining options.
Strong Market Fundamentals: The influx of major employers boosts demand for retail services, ensuring consistent customer flow.
Location Advantages:
Sherman, TX, is at the forefront of significant economic development, attracting industry giants in semiconductor manufacturing. The city's strategic location and business-friendly environment have made it a hotspot for tech investment, leading to:
Economic Boom: Massive capital investments are driving job creation and increasing disposable incomes.
Infrastructure Development: Improved roads, utilities, and public services support the growing population and businesses.
Community Growth: New housing developments and amenities are on the rise to meet the demands of a burgeoning workforce.
Financial Overview:
Lease Type: Absolute Triple Net (NNN)
Tenant: Jack in the Box Inc. (NASDAQ: JACK)
Lease Term: Long-term with renewal options
Rental Increases: Structured rent escalations to hedge against inflation
Investment Summary:
This property is more than just a real estate investment; it's a strategic asset in a market set for explosive growth. With a corporate-backed tenant, zero landlord responsibilities, and a prime location in a rapidly expanding city, this Jack in the Box offers an exceptional opportunity for investors seeking stable returns and long-term appreciation.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- 2,082 SF
- $56.81 CAD
- Net
- Sep 2041
Jack in the Box has always been the place for those who live outside the box. Where you can try new things and order what you want when you want it, while always getting it fast, hot and fresh. Opened in 1951, they're now one of the nation’s top fast-food burger chains with approximately many quick-serve restaurants in the U.S. and Guam. And with roughly many of their million annual guests choosing drive-thru or take out, they know the importance of convenience. Since opening, they've spearheaded conveniences that would become industry standards like the drive-thru, breakfast sandwiches and portable salads. Now they feature one of the largest and most distinctive menus in the quick-serve restaurant space. Everything from burgers to tacos to egg rolls. All cravings are welcome here.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | 2,082 SF | $56.81 CAD | Net | Sep 2041 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 156710 | Improvements Assessment | $501,559 CAD |
| Land Assessment | $311,883 CAD | Total Assessment | $813,442 CAD |
PROPERTY TAXES
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David Snyder - David Snyder
Presented by
David Snyder
Jack in the Box | 2133 Texoma Pky
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