Collinsville, IL - Jack in the Box

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, freestanding, corporate signed, Jack in the Box investment property located in Collinsville, Illinois (St. Louis MSA). The tenant, Jack in the Box Eastern Division, L.P., has approximately 2-years remaining in their current term. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Jack in the Box Inc. (NASDAQ: JACK) is a restaurant company that operates and franchises Jack in the Box restaurants, and is one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam; and approximately 700 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada.

The subject property is strategically located along Collinsville Road a major commuter thoroughfare averaging over 13,000 vehicles passing by daily. Jack in the Box is equipped with a drive-thru, providing ease and convenience for customers. On average, stores with drive-thrus experience higher sales than those without. The site benefits from direct on/off ramp access to Interstate 255, a bypass route of I-55 in the greater St. Louis area, serving 54,600 vehicles per day. Located in a dense retail corridor, the subject property is within close proximity to multiple national/credit tenants including Walmart Supercenter, Home Depot, Walgreens, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. Furthermore, the asset is within walking distance of FanDuel Sportsbook and Horse Racing stadium, a newly renovated horse racing track that came to Collinsville through a monumental legislative action passed by the Illinois assembly. As a result, Fan Duel Sportsbook and Horse racing became one of only two locations in the state that offers an online sports book and horse race betting. The arena hosts 53 full race days per year and is equipped with a recently constructed sports bar and top of the line steak house, offering guests the luxury of watching the races from the comfort of their table. In addition, Fan Duel is currently investing extensive capital into the site and plans to open a state-of-the-art, 1,100-seat casino within the next year, bringing members of neighboring communities and tourists alike to the immediate subject trade area. The site is also adjacent to Extreme BSC and Turn 2, a tournament level baseball/softball facility that holds over 300,000 training sessions annually, further increasing crossover store exposure for the subject property. The 5-mile trade area is supported by more than 61,000 residents and 20,000 daytime employees with an average income of $76,000.

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Listing ID: a288X0000065ELpQAM