Jack in the Box | Single Tenant NNN Investment

1605 East Highland Avenue, San Bernardino, CA

$2,200,000

Price

4.75%

Cap Rate

$104,500

NOI

Overview
Cap Rate
4.75%
NOI
$104,500
Building Size
2,502 sqft
Lot Area
27,007 sqft
Lease Type
Ground
Year Built
1985
Parking Spots
14
Repair, Roof Maintenance, Structure & Parking Lot
Tenant’s Responsibility
HVAC
Tenant’s Responsibility
Insurance
Tenant’s Responsibility
Description

Absolute NNN Investment – Tenant is responsible for all expenses allowing for passive investment with zero landlord responsibilities

Jack In The Box Corporate Guaranteed Lease – The lease is corporately guaranteed by Jack In The Box publicly traded NASDAQ: JACK. As of September 2019, it operates over 2,200 stores across the United States.

Near Term Upside – The next option period adjusts to fair market value. With existing rents 15%-20% below market, it offers a major value add opportunity

Well Established Location – Excellent opportunity to acquire an established Jack In The Box drive-thru restaurant in San Bernardino – 35 year operating history at location.

Strategic Fast Food Site – Jack In The Box shares the intersection with national retailers McDonald’s, Walgreens, and CVS. Major retailers within the immediate vicinity include Wells Fargo, DD’s Discounts, Stater Bros. Market, and more.

Ideal Demographics – There are 247,881 residents located in the five (5) mile demographic ring. The average household income in the one (1) mile ring is over $43,861

Highly Trafficked Location – Subject property is located at the corner lot at the signalized intersection of Highland Ave. and Del Rosa Ave. which reports traffic counts over 39,000 CPD at this location.

Documents
Title
Offering Memorandum
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Location
Gallery