2312 Galloway Ave, Mesquite, TX 75150
- Retail properties & Spaces
- 2,767 SF
- 0.70 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 2312 Galloway Ave
- Year built
- 2024
- Lot size
- 0.70 lot acres
- Property type
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a brand-new, 2,767 square foot Jack in the Box restaurant situated on a 0.7-acre lot in Mesquite, Texas. The property boasts a 25-year absolute NNN ground lease commencing September 27, 2024, and expiring September 26, 2049, with four five-year renewal options. The lease includes a 10% rent increase every five years, ensuring consistent income growth. The property benefits from a strong 4.35% cap rate and a current NOI of $85,000. Located at 2312 N Galloway Ave, Mesquite, TX 75150, this location is part of a larger retail center anchored by national tenants such as Hobby Lobby, Mardel, Cricket Wireless, Budget Rental Cars, and Dollar General. The building, constructed in 2024, represents a state-of-the-art Jack in the Box prototype design. This is a rare opportunity to acquire a long-term, low-maintenance ground lease in a prime retail location within a tax-free state. The asking price is $1,955,000, translating to $706.54 per square foot. The tenant, Jack in the Box, is a publicly traded company (NASDAQ: JACK) with a significant market presence and a proven track record. This investment offers a compelling combination of strong tenant, long-term lease, and attractive financial metrics.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mesquite
- County
- Dallas
- State
- Texas
- Longitude
- -96.6107
- Latitude
- 32.7969
