This freestanding, approximately 3,069 square foot, Jack in the Box restaurant building is situated on +/- 37,860 square feet of land and has just under 3 years remaining on the initial term of the lease. The site is located in the NEQ of State Highway 183 (Airport Freeway) and Bedford Euless Road in the strategically situated city of Hurst, Texas. The site has exposure to a combined traffic count of approximately 205,000 cars per day along SH-183 and Bedford Euless Road directly across the street from the super-regional North East Mall situated in the sought after suburban market of the Mid Cities centrally located in the DFW Metroplex.
The “Metroplex” is the largest metropolitan area in Texas, the largest in the South, and fourth largest in the U.S. with a population of 7,102,796, according to the 2015 US Census official estimate. Overall, DFW is the 12th largest metro economy in the world and has a gross metro product exceeding $300 billion. Hurst enjoys a centralized location between Dallas and Fort Worth and close proximity to the DFW Airport. In the last three years, Hurst has added more than 850,000 square feet of new businesses. Retail occupancy levels exceed national and regional averages, while developers and retailers are still finding new opportunities.
This Jack in the Box benefits from a dense 3-mile population of over 105,000 people with an average household income of over $75,000 per year. The site is situated at one of the entrances to Simon Property Group’s super-regional North East Mall with a total of 2,134,000 square feet of retail featuring over 150+ stores. The mall has been voted best shopping destination in Tarrant County for eight consecutive years. The roster of fine retailers and eateries includes Nordstrom, Dillard’s, Macy’s, JC Penney, Dick’s Sporting Goods, Michael Kors, the Rave Theater and many more. The mall enjoys annual shopper counts upwards of 15 million, and Hurst ranks in the Top 50 cities in the state in retail sales per capita. A critical mass of adjacent retail with a dense population in a 3-mile radius along with excellent exposure to massive traffic counts contribute to make this Jack in the Box an excellent value-add proposition for an opportunistic buyer.