403 John St, Jacksonville, TX 75766

Property Details for 403 John St

Year built

2024

Lot size

0.28 lot acres

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.

Location Insight

City

Jacksonville

County

Cherokee

State

Texas

Longitude

-95.2676887

Latitude

31.9587868