Recently Remodeled Corporate Jack in the Box

Highlights:

• Corporate Jack in the Box with Approximately 10 Years of Term Remaining. The lease runs through September 2036 with four five-year renewal options, for up to 20 years of potential extension. Rent increases every five years based on CPI, capped at 8%.
• Absolute NNN Lease. The tenant is responsible for roof, structure, parking lot, HVAC, maintenance, taxes, insurance and utilities, with no landlord repair, maintenance or replacement responsibilities.
• Corporate Tenant. The lease is with Jack in the Box Inc. (NASDAQ: JACK), a publicly traded operator with a national footprint.
• Fee Simple Ownership. The buyer acquires the land and the building, supporting depreciation and other ownership-level tax benefits. Buyer to verify tax treatment with its own tax advisor.
• Daily Traffic from a Food City Anchored Center. The site benefits from the repeat daily-needs traffic generated by the Food City-anchored shopping center next door.
• National Retailers Nearby. The property is surrounded by national retailers including Big 5, Food City, O’Reilly Auto Parts, Walgreens, and more.
• Dense Infill Location. 168,815 people live within 3 miles, with an average household income of $94,533.
• Southern Avenue Frontage. The property fronts Southern Avenue, one of Mesa’s primary east and west arterials, just off the intersection with Mesa Drive.

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