Bedrock Investments Group (BIG) leased the former Jack In The Box to Bosa Donuts for ten (10) years at a monthly rental rate and periodic base rent increases consistent with current trade area market rents. Bosa performed a significant interior redevelopment with a new interior, kitchen, and roof at their cost. The site is located near the main entrance to Luke AFB, adjacent to McDonalds and near a major traffic intersection of Litchfield and Glendale avenues. This property was originally acquired by the seller in 1998 for $1,600,000.00. Prior to the lease expiration, Jack In The Box completed a series of capital improvements (CAPEX) to the property including sidewalk and parking lot repairs, building touch up, and water retention/runoff scale installation. The former owner sold due to immediate financial demands to settle an estate. This asset is a long term hold.
Aspen DentalMarshalltown, Iowa
Hendrick Regional HealthAbilene, Texas