Freestanding Jack in the
For Sale
Contact for pricing
2320 N Main St, Liberty, TX 77575
Freestanding Jack in the Box restaurant for sale in Liberty, TX.
Property Size2,627 SF
Lot Size1.02 Acres
Price / SF$437.76
Days on Market161
Property Features for 2320 N Main St
General Information
Standard status
Active
Size
2,627 SF
Lot size
1.02 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$80,490
Building Details
Year Built
1998
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5205
Listed By:
Ryan Wolf · License #TX 622900
Source:
Crexi
Added: Mar 3
Changed: Aug 8
Last Checked: Aug 8 at 6:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This property offers the opportunity to acquire a Jack in the Box restaurant in Liberty, Texas. The property includes a 2,627-square-foot, freestanding building situated on approximately 1.02 acres of land. The property is currently operating under an absolute net lease, with 1.5 years remaining. The lease includes options at Fair Market Value.
Key Highlights
- Absolute net lease property, offering a passive investment opportunity.
- Freestanding 2,627‑square‑foot building.
- Situated on a sizable 1.02‑acre lot.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,125
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$762,500
$762.5K
Cap Rate 7%
$544,643
$544.6K
Cap Rate 9%
$423,611
$423.6K
Market Conditions
NOI Build-Up for 2,627 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.9K $20.52/SF
− Vacancy
−$3.1K −$1.17/SF
EGI
$50.8K $19.35/SF
− OpEx
−$12.7K −$4.84/SF
NOI
$38.1K $14.51/SF
Area
Liberty County, TX
Vacancy
5.70%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$762,500
Cap Rate 7%
$544,643
Cap Rate 9%
$423,611
Alternative Uses
Best Use
Specialty Retail
$544.6K
$476.6K – $635.4K
NOI $38,125 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$29.45M
$25.77M – $34.36M
NOI $2,061,679 @ 7.0% cap · market cap 179.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Texaco
Shops & Services
3,492 visits/mo
0.3 miles
Demographics for 77575, TX
15,768
Population
7,059
Households
2.2
Avg Household Size
39
Median Age
14%
College-Educated
80%
High-School Grad
238.1 sq mi
ZIP Area
66
Density / Sq Mi
$52,238
Median Household Income
$33,168
Median Earnings
$953
Median Rent
$161,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding Jack in the Box restaurant for sale in Liberty, TX.
Where is this drive through restaurant located?
The property is located at 2320 N Main St Liberty, TX.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Absolute net lease property, offering a passive investment opportunity.; Freestanding 2,627‑square‑foot building.; Situated on a sizable 1.02‑acre lot.
