Jack in the Box Glendale, AZ

5145 North 59th Avenue
Glendale, AZ

Price: $6,025,000
Cap Rate: 4.15%
NOI: $250,000
Building Size: Approx. 2,373 Sq. Ft.
Lot Size: Approx. 0.78 Acres
Type: Single-Tenant / Retail
Sub Category: QSR
Year Built / Renovated: 1965 / 2019

Investment Overview

  • 2019 Renovation. 2,373+/- SF Building on 0.78+/- Acre Site
  • New Sale Lease-Back with Stine Enterprises (Operates 86 Jack in the Box & 14 Denny’s)
  • 20 Yr Absolute NNN Lease w/ 8% Rental Increases Every 5 Years, Including Options
  • Strategically Located Along N. 59th Ave (32K VPD) in a Dense Retail Corridor
  • Top Performing Site w/ TTM Sales Over $3.5M and Recently had a Full Remodel
  • Near O’Reilly Auto Parts, Subway, Goodwill, Family Dollar, Chase Bank, etc.
  • Glendale | Part of the Phoenix MSA | Phoenix Population: 1.72 Million