2440 Thomas Rd Phoenix, AZ 85015-5938
Property Lookup
Property profile & analytics
2440 Thomas Rd Phoenix, AZ 85015-5938
- Drive through restaurants
- 2,413 SF
- 0.53 lot acres
Property ID
US07-1339256
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Jack in the Box / Restaurant / Take-out & Catering
Property Details for 2440 Thomas Rd
- Year built
- 1990
- Construction
- STEEL FRAME
- Lot size
- 0.53 lot acres
- Property size
- 2,413 SF
- Zone code
- C-G
- Property type
- Drive through restaurants
- APN
- 110-36-010E
- APU
- 11036010E
Description
This offering presents a compelling investment opportunity: a Jack in the Box restaurant in Phoenix, Arizona, operating under an absolute NNN lease with 16.8 years remaining until expiration. The lease, originally commencing September 9, 1993, and recently extended, features a 48-year term and includes 10% rent increases every five years. The property boasts a 2,413 square foot building situated on a 0.91-acre lot at a high-traffic intersection of Arizona Veterans Highway 17, Black Canyon Highway 60, and Thomas Road, experiencing over 267,200 vehicles per day. This prime location benefits from strong demographics, including over 434,000 residents and 17,680 businesses within a five-mile radius, and an average household income exceeding $79,700 within the same area. The Jack in the Box, a publicly traded company (NASDAQ: JACK), is a top performer, ranking in the top 20% of stores statewide and the top 28% nationally. The property's Net Operating Income (NOI) is $154,832, resulting in a 4.60% cap rate. The asking price is $3,365,000. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a prime location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,310,000
Market price range: $626k - $2.00M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,290,000 Current use
- COMMERCIAL (GENERAL)
- $1,680,000 Change: +30% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.112
- Latitude
- 33.4809
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,555
$0.00
$0.00
$138,485
-
$253,100
$586,200
$839,300
