Jack in the Box

Jack in the Box

Jack in the Box
2150 Paredes Line Road
Brownsville, TX 78521

$1,538,779

Cap Rate 5.57%
Gross Leasable Area (GLA) 2,857 Sq.Ft.
Price Per Square Foot (GLA) $539
Year Built 2001
Lot Size 0.91 Acres
  • Absolute Triple-Net (NNN) Lease With Zero Landlord Responsibilities
  • Positioned Across the Street From a Walmart Supercenter and a H-E-B
  • The Tenant Exercised a New 10-Year Lease Showing Their Commitment to This Site
  • Corporate Jack in the Box Guaranty | $1.6 Billion in Revenues
  • Located 1.5 Miles From the Sunrise Mall | Largest Mall in the Area
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Confidentiality and Buyer Registration Agreement

Marcus & Millichap Real Estate Investment Brokerage Company (“Broker”) has been asked to serve in the capacity of exclusive agent for the (“Seller”) regarding the potential sale of the properties known as: Jack in the Box (the "Property").

To receive financials and other vital data please read, sign and return this completed Confidentiality Agreement to Broker. The property information has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information that prospective Buyers may need or desire. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property.

By accepting the financial reports and market data, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney’s fees, collectively “Claims”) arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney’s fees and court costs which James Medefind or Marcus & Millichap REIS may be incurred with respect to any claims for other real estate commissions, broker’s fees or finder’s fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

The Financial Reports and market data, except such information that is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the property information, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the information or any of the contents to any other entity (except to outside advisors retained by you, if necessary for you determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the information or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

No employee of Seller or at the subject property is to be contacted without the written approval of the agent and doing so would be a violation of this confidentiality agreement.

Marcus & Millichap is pleased to present the subject property, a Jack in the Box located at 2150 Paredes Line Road in Brownsville, Texas 78521. The property consists of a 2,857-square foot building and is situated on roughly 0.91 acres of land.

Jack in the Box recently exercised a 10-year lease restructure, which reset the lease term to 10.5 years remaining. The annual rent is $85,710 and will increase by 10 percent every five years that continue through the four, five-year tenant renewal option periods.

The lease is guaranteed by Jack in the Box, Incorporated, which is an American fast-food restaurant chain founded February 21, 1951, by Robert O. Peterson in San Diego, California. The chain currently has 2,255 locations, primarily serving the West Coast of the United States and selected large urban areas in the eastern portion of the United States including Texas. Food items include: a variety of hamburger and cheeseburger sandwiches along with selections of internationally themed foods such as: tacos and egg rolls. The company also operates the Qdoba Mexican Grill chain. Jack in the Box is publicly traded on the NASDAQ (JACK) and has annual revenues of more than $1.6 billion.

For More Information, Please Contact:

Jim Shiebler

Net-Leased Investment Specialist
(239) 340-7811
Jim.Shiebler@MarcusMillichap.com