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Views: 94 DOM: 141 Updated: 10.25.24 Posted: 07.03.24 Status: Active

Summary

Price $3,730,000
Built/Renov 1961
Tenant Jack in the Box
Cap Rate 4.15%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 2,413
Lease Start 09-09-1993
#Units 2,186
Price/SF $1,545.79
Expiration 09-08-2041
Tenant Type Fast Food/QSR
NOI $154,832
R. Term 16.9
Ownership Fee Simple
Rent/SF $64.17
Increases 10.0%/2/yrs
Pop 5Mi 434,804
Lot/AC 0.91
Options 2/5yrs/10%
AHHI 5Mi $79,730

Lease Highlights

  • Jack in the Box has been operating in this location since 1993
  • The tenant has 16+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NASDAQ: JACK)

Location Description

Jack in the Box is strategically located at the signalized, hard corner intersection of W Thomas Road and North Black Canyon Highway, with access to a substantial combined daily traffic count of 267,268 vehicles. This high-performing Jack in the Box ranks in the top 20% of stores statewide and the top 28% nationally. The immediate area is surrounded by well-known national tenants including...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Jack in the Box, Inc. is a quick-service restaurant chain primarily found on the West Coast of the United States. They serve a broad selection of distinctive products targeted primarily at the...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 10,734 187,387 453,654
2024 Total Population : 10,917 179,839 439,632
2024 Employed Civilian Pop : 5,298 87,983 213,053
2024 Total Businesses : 841 8,874 18,929
2024 Average Household Income : $ 80,933 $ 83,028 $ 85,963
2024 Total Consumer Spending : $ 288 M $ 4898 M $ 12195 M
2024 Median Age : 35 32 33
2024 Total Households : 4,052 66,172 159,306
2024 Pop Age 25+: Bachelor's Degree : 1,426 18,357 45,910
2024 Average Home Value : $ 414,048 $ 430,569 $ 454,640
*ESRI data is presented for informational purposes only

Listing Broker

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