8416 Davis Blvd North Richland Hills, TX 76182-8603

Property Details for 8416 Davis Blvd

Year built

2009

Lot size

0.92 lot acres

Property size

2,571 SF

Property type

Drive through restaurants

APN

44954G-1-7R

APU

44954G17R

Description

This exceptional investment opportunity presents a 2,571-square-foot Jack in the Box, operating under an absolute NNN lease with a corporate guarantee from a publicly traded company (NASDAQ: JACK). Located in North Richland Hills, Texas, within the Dallas/Fort Worth MSA, this freestanding building sits on a 0.92-acre lot and enjoys excellent visibility and access on Davis Boulevard, boasting traffic counts exceeding 28,910 vehicles per day. The property benefits from its strategic outparcel location to a Walmart Supercenter, ensuring high traffic and customer visibility. The current lease, commencing September 17, 2010, and expiring September 16, 2030, has 6.2 years remaining, with four additional 5-year renewal options. Rent increases are tied to the CPI, with a cap of 8% every five years. The property generates a strong net operating income (NOI) of $161,369, resulting in a compelling 6.50% cap rate. The asking price is $2,483,000, translating to $965.77 per square foot. The location boasts a robust demographic profile, with over 228,686 residents and 240,117 employees within a five-mile radius, and an average household income exceeding $203,266 within a three-mile radius—significantly higher than the national average. Its proximity to DFW International Airport further enhances its appeal. This is a rare opportunity to acquire a stable, high-performing, and strategically located net lease property with significant upside potential.