210 W Rancier Ave, Killeen, TX 76541
CAP RATE: 6.30%
NET OPERATING INCOME: $98,050
LOT SIZE: 0.51 AC
The Kase Group is pleased to offer the opportunity to acquire the 100% fee simple interest in an absolute NNN Jack in the Box. The subject property is a 1,485 square foot Jack in the Box located in Killeen, Texas. This site is strategically located on W Rancier Avenue a well traveled thoroughfare and surrounded by other major retailers. Jack in the Box signed an absolute net lease with a 10% rent increase in October 2019. The lease also contains four 5-year options periods.
Greater Killeen has a population, based on the 2000 Census, of 135,824. It is a rapidly growing area and is home to Central Texas College, Tarleton State University’ s Central Texas Campus and the 217,000 acre Fort Hood, the largest military base in the United States. Downtown Killeen is bordered by Rancier Avenue, listed on the the National Register for historic places. The area has been recognized for its historical and architectural significance to the city and country.