Jack’s Family Restaurants

1317 Sunset Drive, Grenada, MS
Price:
$1,550,000
Cap Rate:
6.00%
Current Rent:
$93,000
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
4, 5-year options
Building Sq. Ft.:
3,572
Rent Increases:
10% every 5 years
Site Size:
0.96 Acres

Investment Highlights

  • Corporately guaranteed by all 260+ Jack’s locations
  • “Built-in” credit enhancement – Jack’s is growing by approximately 20 new locations per year
  • Extremely conservative rent to sales ratio
  • Limited competition in the market
  • Brand new, high quality construction
  • Situated off of Sunset Drive with over 21,000 passing vehicles per day near downtown Grenada in the main retail corridor
  • Nearby national tenants include Walmart, Walgreens, Taco Bell AutoZone, Dollar Tree, AT&T, and the UPS Store, among others

Listing Agents

Adam English

Managing Director
256 694 9803
[email protected]

Adam Baxter

Vice President
205 394 3520
[email protected]
Jordan Williams Stream Capital Partners

Jordan Williams

Senior Associate
205 209 5671
[email protected]

Mississippi Broker of Record: Dean Copans, Lic: #24178

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