The Silver Group Sells a Jack in the Box Restaurant

The Silver Group announced today the sale of a Jack in the Box restaurant located in Corsicana, Texas. Barry Silver represented the undisclosed investor who was completing a tax-deferred exchange. The property owner was represented by Nick Farris of Marcus and Millichap. Jack in the Box has operated at this location since 1972. The lease had been amended many times and 10+ years of firm term remained. “We were referred this client from someone I helped in 1996. This investor had limited funds from the sale of a condominium in Los Angeles. After reviewing the market, our client settled on this mature corporate Jack in the Box”, said Barry Silver.