8416 Davis BlvdNorth Richland Hills, TX 76182

Property Details for 8416 Davis Blvd

Year built

2009

Lot size

0.92 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $757,711

  6.5%

  $699,426

  7%

  $649,467

• Comparable approach

  Method

  Valuation

  Relative Method

  $485,377

  Geo Method

  $321,716

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,395,450

  Mixed-Use / Specialty

  $684,203

  Hospitality / Lodging

  $485,405

  Office

  $666,880

  Institutional / Educational

  $706,746

  Residential Income

  $826,893

  Multifamily

  $1,062,300

  Automotive / Energy

  $605,782

  Parking / Income-Based Land

  $221,624

  Restaurant / Food Service

  $328,693

  Healthcare / Senior Housing

  $714,691

Location Insight

City

North Richland Hills

County

Tarrant

State

Texas

Latitude

32.9063

Longitude

-97.1914

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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