About This Restaurant
Investment Highlights
Corporately guaranteed by all 250+ Jack?s locations Extremely conservative rent to sales ratio | Limited competition in the market Situated off of Sunset Drive with over 21,000 passing vehicles per day near downtown Grenada in the main retail corridor ?Built-in? credit enhancement ? Jack?s is growing by approximately 20 new locations per year Brand new, high quality construction Nearby national tenants include Walmart, Walgreens, Taco Bell AutoZone, Dollar Tree, AT&T, and the UPS Store, among others
Executive Summary
Property Details
- Sale Type Investment NNN
- Sale Condition Sale Leaseback
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 3,572
- Building Class C
- Year Built 2024
- Price 1,650,000
- Price Per SF 462
- Cap Rate 6.06
- NOI 100,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.46
- Land Acres 0.18 AC
Amenities
- Pylon Sign
- Signage
- Air Conditioning
Nearby Amenities & Transportation
| Retail | Regions Bank | ||
| Retail | Anytime Fitness | ||
| Retail | Church's Chicken | ||
| Retail | 1st Heritage Credit | ||
| Retail | Renasant Bank | ||
| Retail | Snap Fitness 24/7 | ||
| Retail | Title Cash | ||
| Retail | Shoney?s | ||
| Retail | Bankplus | ||
| Retail | Applebee's |
Property Taxes
| Parcel Number | 096W-13-170.01 | Improvements Assessment | $0 |
| Land Assessment | $26,971 | Total Assessment | $26,971 |
| Date Created: | 2024-07-16 04:16:22 | Last Updated: | 2024-07-16 04:16:22 |
| Address: | 1317 Sunset Dr , Grenada, Mississippi, 38901 | ||