For Sale
$2,483,000

8416 Davis Blvd North Richland Hills, TX 76182

High-yield, corporate-guaranteed QSR investment.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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.

Highlights

  • Absolute Net Lease with 6.2 Years Remaining
  • Outparcel to a Walmart Supercenter
  • High visibility and accessibility on Davis Boulevard, with traffic counts exceeding 28,910 vehicles per day
  • Corporate guarantee from a publicly traded company (NASDAQ: JACK) with over 2,200 locations nationwide
  • Dense population area: over 228,686 residents and 240,117 employees within a five-mile radius
  • High average household income: $203,266 (3-mile radius), significantly above the national average

Property Details for 8416 Davis Blvd

Property type
Retail properties
Square Feet
2,571 SF
Lot Size (sq. ft)
40,075 SF

Location Insight

City
North Richland Hills
County
Tarrant
State
Texas
Latitude
32.9064321
Longitude
-97.1912253

FAQs

What type of property is this?
Retail property - High-yield, corporate-guaranteed QSR investment.
Where is the retail property located?
The property is located at 8416 Davis Blvd North Richland Hills, TX.
What is the asking price?
The asking price for this property is $2,483,000.
What are key features of this property?
This property features: Absolute Net Lease with 6.2 Years Remaining; Outparcel to a Walmart Supercenter; High visibility and accessibility on Davis Boulevard, with traffic counts exceeding 28,910 vehicles per day
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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8416 Davis Blvd
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