Jack in the Box
SHOP Companies is pleased to announce the rare opportunity to purchase a 20-year, absolute NNN Jack in the Box Inc. (NASDAQ:JACK) corporate sale-leaseback in the Mesquite, TX (Dallas). Having operated at 2001 N Town East Blvd. for 44 years, Jack in the Box recently exercised its Right of First Refusal (ROFR) to buy back the high performing, newly remodeled location. The sale-leaseback is structured with below market rent to ensure highest long-term unit profitability. Jack in the Box is an outparcel of Town East Crossing Shopping Center and is positioned on a signalized, hard corner directly in front of North Mesquite High School (2,766 students). The southern frontage of N Town East Blvd. is currently under development and will include up to six pad sites, including Raising Cane’s (completed), a rare 15-year Starbucks ground lease (under construction), Mama Roja, and more.