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Views: 93 DOM: 314 Updated: 08.06.24 Posted: 11.07.23 Status: Active

Summary

Price $3,700,934
Built/Renov 2001
Tenant Jack in the Box
Cap Rate 5.35%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 3,520
Lease Start 03-01-2020
#Units 31
Price/SF $1,051.40
Expiration 03-01-2040
Tenant Type Fast Food/QSR
NOI $198,000
R. Term 15.5
Ownership Fee Simple
Rent/SF $56.25
Increases 9.0%/7/yrs
Pop 5Mi 95,031
Lot/AC 0.68
Options 2/5yrs/9%
AHHI 5Mi $87,037

Lease Highlights

  • Jack In The Box has over 16 years remaining on its current lease term with 2 (5-year) options to extend
  • Rent increases and options will be the base rent schedule provided or 9% of sales, whichever is greater
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guarantee by Chico Foods (31-units)

Location Description

Jack in the Box is strategically located at the signalized, hard corner intersection of East Cypress Avenue and Hilltop Drive with access to 46,773 vehicles per day. The site is conveniently located immediately off the exit ramp of Interstate-5 seeing over 70,800 VPD. Additionally, the property is located within the area’s dense retail corridor which is home to a number of national/credit...

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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
2028 Total Population : 7,842 65,040 97,849
2023 Total Population : 7,818 65,188 97,916
2023 Employed Civilian Pop : 3,058 29,899 44,324
2023 Total Businesses : 1,519 4,662 5,881
2023 Average Household Income : $ 72,376 $ 85,530 $ 91,827
2023 Total Consumer Spending : $ 205 M $ 1986 M $ 3149 M
2023 Median Age : 36 38 41
2023 Total Households : 3,219 26,625 39,493
2023 Pop Age 25+: Bachelor's Degree : 674 8,381 12,928
2023 Average Home Value : $ 283,398 $ 412,782 $ 416,493
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Hilltop Dr E Cypress Ave 2008 20,381 0.02 mi
E Cypress Ave Hilltop Dr 2015 25,736 0.05 mi
E Cypress Ave Hilltop Dr 2015 31,410 0.06 mi
Hilltop Dr E Cypress Ave 2004 3,136 0.10 mi
Commerce St Hilltop Dr 2007 3,507 0.10 mi
I- 5 E Cypress Ave 2011 13,200 0.13 mi
5 2018 69,000 0.15 mi
East Cypress Avenue I- 5 2021 61,000 0.16 mi
5 2018 62,000 0.17 mi
2011 3,300 0.17 mi

Listing Broker

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