403 John St Jacksonville, TX 75766
- Commercial real estate
- 790 SF
- 0.28 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 403 John St
- Year built
- 2024
- Lot size
- 0.28 lot acres
- Property size
- 790 SF
- Property type
- Commercial real estate
- APN
- 222370000
Description
This exceptional investment opportunity presents a brand-new, 790-square-foot quick-service restaurant (QSR) located at 403 John St, Jacksonville, TX 75766. The property, built in 2024, sits on a 0.28-acre lot with 6 parking spaces and benefits from a prime location at a signalized intersection of US Hwy 69 and John St. The property is ground-leased, offering an absolute NNN lease structure with zero landlord responsibilities, making it an ideal passive investment. The current tenant, under a corporate guarantee, has signed a 15-year lease commencing May 4, 2024, and includes three 5-year renewal options. The lease features 10% rental increases every five years, providing built-in protection against inflation and steadily growing net operating income (NOI). The current NOI is $58,400, resulting in a 7.10% cap rate and a price per square foot of $1,041.77. The asking price for this exceptional property is $823,000. The property is situated in a thriving retail corridor with strong tenant synergy, including nearby national retailers such as Walmart, Chick-fil-A, McDonald's, and more. The 5-mile trade area boasts a population exceeding 19,000, with an average household income of $68,736. The property's convenient drive-thru further enhances its appeal and profitability. This is a rare opportunity to acquire a low-management, high-return investment with significant long-term growth potential. The property is zoned G - Commercial and has an APN of 222370000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jacksonville
- County
- Cherokee
- State
- Texas
- Longitude
- -95.2676887
- Latitude
- 31.9587868
