Gregg Hill Of Hill Gray Seven Acquires Land From Lance Tucker Of Jack In The Box For $3.7M
10105 William Carey Drive
$3,700,000
Building Size
—
Asset Type
Land
Closing
Nov 4, 2025
About this deal
AI
The transaction involves a land asset located at 10105 William Carey Drive in Orlando, covering nearly one acre. The property was sold for $3,700,000. This vacant parcel was previously owned by Del Taco, and the sale represents a strategic shift for Jack in the Box as it moves toward an asset-light model.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $3,700,000
- Buyer: Gregg Hill - Hill Gray Seven
- Seller: Lance Tucker - Jack in the Box
- Date of Transaction: 11/04/2025
- Market: Orlando
- Acres: 1
In this transaction, Gregg Hill, representing Hill Gray Seven, acquired the property from Lance Tucker of Jack in the Box. The transaction aligns with Jack in the Box's strategy following the $115 million divestiture of Del Taco, as the company prepares for its expansion into Central Florida in 2025.
On the Map
$3,700,000
Land
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93