Jack in the Box

1257 Park Street, Alameda, CA 94501

$4,000,000

Cap Rate 4.75%

$4,320,000

Cap Rate 4.40%

Views: 151 DOM: 171 Updated: 10.30.24 Posted: 05.01.24 Status: Sold 10.20.24

Summary

Price $4,000,000 $4,320,000	Built/Renov 1991	Tenant Jack in the Box
Cap Rate 4.75% 4.40%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 2,583	Lease Start 06-17-1991	#Units 2,186
Price/SF $1,548.59 $1,672.47	Expiration 06-16-2029	Tenant Type Fast Food/QSR
NOI $189,939	R. Term 4.5	Ownership Fee Simple
Rent/SF $73.53	Increases 15.0%/5/yrs	Pop 5Mi 452,768
Lot/AC 0.43	Options 2/5yrs/15%	AHHI 5Mi $121,875

Lease Highlights

Jack in the Box has been operating in this location since 1991
The tenant has 5 years remaining on the current lease term with 2 (5-year) options to extend
The lease features CPI (max 15%) rental escalations at the start of each option period
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Jack in the Box is strategically located at the signalized, hard corner intersection of Park Street and Encinal Avenue, with access to a combined daily traffic count of 35,000 vehicles. The property is positioned in the heart of Historic Downtown Alameda within the Historic Park Street Shopping District. Additionally, this location is in the top 20% performing nationwide according to...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Absolute NNN
Top performing store
Corporate Guarantee
Publicly traded company

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Links

Jack in the Box Wikipedia Jack in the Box Wikipedia Alameda, California Zip Code 94501 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Jack in the Box
Guarantor:Corp Traded
Company:Jack in the Box, Inc.
# Units:2,186
Stock: NASDAQ: JACK

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 :	33,543	220,469	482,508
2023 Total Population :	33,249	215,792	473,038
2023 Employed Civilian Pop :	18,614	112,686	249,311
2023 Total Businesses :	1,520	8,271	21,136
2023 Average Household Income :	$ 156,150	$ 131,007	$ 139,183
2023 Total Consumer Spending :	$ 1802 M	$ 8922 M	$ 21453 M
2023 Median Age :	44	38	38
2023 Total Households :	13,723	79,533	179,937
2023 Pop Age 25+: Bachelor's Degree :	8,933	44,198	99,094
2023 Average Home Value :	$ 1,310,332	$ 1,050,622	$ 1,086,590

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Park St	San Antonio Ave	2004	25,200	0.04 mi
Encinal Ave	PkAve W	2004	11,100	0.07 mi
Park St	Alameda Ave	2005	13,938	0.08 mi
Central Ave	Oak St	2005	4,437	0.16 mi
Central Ave	PkAve	2005	2,062	0.17 mi
Park St	Central Ave	2005	14,345	0.18 mi
Encinal Ave	Walnut St	2005	2,928	0.19 mi
Clinton Ave	Laurel St	2005	10,042	0.20 mi
Park St	Clinton Ave	2005	7,394	0.21 mi
Encinal Ave	Broadway	2017	8,700	0.22 mi

Listing Broker

Bill Asher

Hanley Investment Group

Contact

151 Listings
17830 Views
63 Sold

Jeff Lefko

Hanley Investment Group

Contact

151 Listings
17393 Views
65 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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