November 8, 2024 – Hobie Hare and Stephen Girolamo of Horvath & Tremblay have successfully completed the sale of a Jack’s Family Restaurants in Dunlap, Tennessee. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,632,000.
Jack’s is located at 14937 Rankin Avenue in Dunlap, Tennessee. Jack’s occupies a brand new 3,572 square foot building positioned on a 0.91-acre parcel of land. Jack’s signed a 20-year Absolute NNN Lease with four (4), 5-year renewal options upon close of escrow. The lease calls for attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. Jack’s is strategically located along Rankin Avenue (US Route 127) and is adjacent to the intersection with Main Street (TN Route 28), the area’s primary commercial and commuter corridors. The Property enjoys outstanding frontage and visibility, and is convenient to the area’s primary retailers (Walgreens, Walmart Supercenter, Save A Lot and Dollar General), restaurants (McDonald’s, Wendy’s, Taco Bell and Sonic), residential neighborhoods and area schools that provide a built-in customer base. Additionally, the Property is close to TN Route 111. Dunlap is in south central Tennessee approximately 30 miles north of Chattanooga.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.