JACK in the BOX Rare Corporate NNN Lease on the Central Coast

Highlights:

• Rare Corporate NNN Lease on the Central Coast Leased to Jack in the Box Inc. (NASDAQ: JACK), a public operator of approximately 2,125 restaurants, on a triple net basis with a corporate guaranty. True corporate credit in the supply-constrained Santa Ynez Valley.
• Fair Market Value Reset in 2029 The first renewal option resets rent to Fair Market Value in October 2029, creating a near-term opportunity to mark below-market rent to market.
• Below-market Rent Current rent sits below prevailing rates for Santa Barbara County quick service restaurants, offering rental growth and yield upside.
• Passive NNN Structure Tenant is responsible for roof, structure, HVAC, taxes, insurance, and all other property expenses at its own cost, delivering a management-free income stream.
• Supply-Constrained, High-Income Market Strict zoning limits new development in the Santa Ynez Valley. Household incomes range from roughly $132,000 within one mile to $157,000 within five miles, supported by a strong wine country tourism economy.
• Irreplaceable Highway 246 Location Positioned on State Route 246 just east of the Highway 101 interchange, the primary arterial linking Buellton to Solvang, Santa Ynez, and the Chumash Casino Resort.
• Dominant Trade Area The only Jack in the Box within a fifteen-mile radius, capturing regional demand with no internal competition.

Documents: