RETAIL - FREE STANDING FOR SALE
$1,652,900
Cap. 4.5%
2,273 SF
Jack In The Box | Absolute NNN | 10+ Years
Remaining
603 West Henderson Street, Cleburne, TX 76033, United States
Offering Summary
Property Type
Cap Rate
User Type
Building Size
Land Size
Year Built
Parcel No.
Tenancy Type
No. Buildings
Free Standing
Stories
No. Units
Property Description
Highlights
Stan Johnson Company, on behalf of Ownership, as its exclusive advisor, is
pleased to offer for sale the opportunity to acquire the fee simple interest in the
Jack in the Box property located at 603 W. Henderson Street in Cleburne, Texas
(the “Propertyâ€​) . The Property is comprised of +/- 2,273 square feet on 0.56
acres, and is currently operated by Jack in the Box Eastern Division, L.P., the
primary wholly owned subsidiary of Jack in the Box, Inc. (NASDAQ: JACK), which
in 2015 reported total Revenue of $1.54 billion, Net Income of $108.81 million, and
Total Assets of $1.3 billion. The lease is absolute NNN in nature with no
management responsibilities, and currently has 10.25 years remaining on the
base lease term, which calls for attractive rental increases every five (5) years
throughout the base term and four (4), five (5) year renewal options.
Area Description
Cleburne is a city and county seat of Johnson County in Texas. The city is named
in honor of Patrick Cleburne, a Confederate General. Lake Pat Cleburne, the
reservoir that provides water to the city and surrounding area, is also named
after him. Cleburne is on the fringe of the Dallas–Fort Worth metroplex. Growth
in the area can be primarily attributed to suburbanization. It is the second most
populous city in Johnson County. As of the census of 2010, there were 29,377
people, 11,418 households, and 10,495 families residing in the city. The population
density was 935.9 people per square mile. There were 9,910 housing units at an
average density of 356.7 per square mile.
Brandon Duff
Regional Director
Stan Johnson Company
(Chicago, IL)
+1 (312) 240-0127
Retail - Free Standing,
Shopping Center - Restaurant,
Shopping Center / Retail
4.5%
investment
2,273 SF
0.56 AC
1977
Johnson County: 126-280027240
single
1
Yes
1
1
Jack in the Box | One of the nation’s largest
hamburger chains operating nearly 2,250 locations
across 21 states.
10+ Years Base Lease Term Remaining | Base lease
term runs through November 15, 2026.
Absolute NNN Lease | No landlord responsibility
throughout the base lease term or option periods.
Annual Rental Increases | Annual CPI rental escalations
through the base lease term and option periods.
Ongoing Financial Reporting | Lease calls for both
Tenant Entity Level and Unit Level Financial Reporting to
be provided to Landlord.
Outstanding Location | Property is located on a
signalized intersection with a combined daily traffic
count of over 29k VPD.
Dense Retail Corridor | Property is surrounded by
Walmart, Walgreens, CVS, Sherwin-Williams and Kroger,
as well as numerous other restaurants.
Income Tax-Free State | The State of Texas does not
have individual State Income Tax.
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This publication contains proprietary information subject to the rights of RealNex and its users as established in the
RealNex Terms and Conditions, as amended from time to time. Any use, distribution or duplication of this
information beyond that allowed in the Terms and Conditions is prohibited. RealNex assumes no responsibility for the
accuracy of this information. It is the user’s responsibility to verify all information contained herein with the
listing broker.
RETAIL - FREE STANDING FOR SALE
$1,652,900
Cap. 4.5%
2,273 SF
Jack In The Box | Absolute NNN | 10+ Years
Remaining
603 West Henderson Street, Cleburne, TX 76033, United States
Brandon Duff
Regional Director
Stan Johnson Company
(Chicago, IL)
+1 (312) 240-0127
Brought to you by
This publication contains proprietary information subject to the rights of RealNex and its users as established in the
RealNex Terms and Conditions, as amended from time to time. Any use, distribution or duplication of this
information beyond that allowed in the Terms and Conditions is prohibited. RealNex assumes no responsibility for the
accuracy of this information. It is the user’s responsibility to verify all information contained herein with the
listing broker.
RETAIL - FREE STANDING FOR SALE
$1,652,900
Cap. 4.5%
2,273 SF
Jack In The Box | Absolute NNN | 10+ Years
Remaining
603 West Henderson Street, Cleburne, TX 76033, United States
POPULATION
1 MILE
3 MILES
5 MILES
Total Population
Female Population
Male Population
10,333
5,388
4,945
26,765
13,735
13,030
40,276
20,854
19,422
HOUSEHOLDS & INCOME
1 MILE
3 MILES
5 MILES
Housing Units
Median Income
Household Income < 100k
100k > Household Income < 200k
Household Income > 200k
4,283
52,628
3,183
438
109
10,702
46,549
8,282
1,089
163
15,764
44,765
12,232
1,682
218
Brandon Duff
Regional Director
Stan Johnson Company
(Chicago, IL)
+1 (312) 240-0127
Brought to you by
This publication contains proprietary information subject to the rights of RealNex and its users as established in the
RealNex Terms and Conditions, as amended from time to time. Any use, distribution or duplication of this
information beyond that allowed in the Terms and Conditions is prohibited. RealNex assumes no responsibility for the
accuracy of this information. It is the user&#8217;s responsibility to verify all information contained herein with the
listing broker.