Marcus & Millichap facilitated the sale of 2900 W. Nolana Ave., a Jack in the Box in McAllen, Texas.
Lior Regenstreif and Earle Hyman, investment specialists in Marcus & Millichap’s Encino office, in association with Tim Speck, Marcus & Millichap’s Texas broker of record, had the exclusive listing to market the property on behalf of the seller, a repeat client, and procured the buyer, an individual investor.
Built in 2004, the 2,223-square-foot property is situated on 1.27 acres at 2900 W. Nolana Ave. in McAllen. Jack in the Box has operated at the location for more than 22 years and will continue to occupy the property under an absolute net lease with a corporate guarantee. The tenant is in its first renewal option and has two additional five-year options remaining. The property also includes a convenience store and fuel station sublease.
