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Views: 125 DOM: 164 Updated: 07.10.24 Posted: 07.10.24 Status: Active

Summary

Price $2,408,000
Built/Renov 2003
Tenant Jack in the Box
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 1,904
Lease Start 05-01-2013
#Units 2,186
Price/SF $1,264.71
Expiration 05-30-2033
Tenant Type Fast Food/QSR
NOI $132,448
R. Term 8.5
Ownership Fee Simple
Rent/SF $69.56
Increases 8.0%/5/yrs
Pop 5Mi 243,563
Lot/AC 0.57
Options 4/5yrs/8%
AHHI 5Mi $84,165

Lease Highlights

  • Jack in the Box has 8+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 8% rental escalations throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Jack in the Box is strategically located on South Freeway, with access to a substantial daily traffic count of 156,000 vehicles. The property is surrounded by well-known national tenants, including Whataburger, Chase Bank, McDonald’s, 7-Eleven, Bass Pro Shop, and more. Notable industrial tenants in the vicinity include Amazon, FedEx, GXO Logistics, Tyson Foods, Purina, Budweiser, among others....

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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 : 6,470 85,360 261,776
2024 Total Population : 6,670 82,091 245,191
2024 Employed Civilian Pop : 3,182 38,519 116,093
2024 Total Businesses : 185 1,774 5,245
2024 Average Household Income : $ 100,114 $ 83,098 $ 90,238
2024 Total Consumer Spending : $ 179 M $ 1956 M $ 6407 M
2024 Median Age : 34 33 34
2024 Total Households : 2,021 26,398 79,944
2024 Pop Age 25+: Bachelor's Degree : 577 6,267 23,890
2024 Average Home Value : $ 360,674 $ 270,873 $ 294,937
*ESRI data is presented for informational purposes only

Listing Broker

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