Top Performing NNN Corp Jack in the Box | 1+ Acre in SoCal | Freeway Location
$2,983,755
770 West Ramsey Street, Banning, CA 92220
5
Cap Rate
149,184
NOI
Details:
Highlights:
- Absolute NNN Lease - This passive NNN lease requires no landlord responsibilities, providing a steady and passive income stream. Investors can enjoy hassle-free ownership with minimal involvement.
- National Brand with Corporate Guaranty - Jack in the Box, with over 2,200 locations in the United States, offers a strong corporate tenant and guaranteed income. This reduces the risk of vacancy and ensures reliable rental payments.
- Strong Southern California Demographics - Located in Banning, CA, the property benefits from a robust local population of over 27,136 within a 3-mile radius.
- Top Performing Location - This Jack in the Box location ranks in the top 7% nationally (per Placer.ai) with strong, growing estimated store sales. It has been successfully operating at this location for almost 20 years, showing a strong commitment to this location.
- 11/1/26 Rent Increase - The property has an 8% rent increase in less than 1 year, with additional rent increases every 5 years thereafter in the option periods.
Description:
Freeway Off-Ramp Location with Freeway Signage - Positioned off the 10 Freeway at the 8th Street/CA Hwy 243 off-ramp, the large monument sign sees over 136,000 cars per day, ensuring high visibility and traffic. This prime location can attract a steady flow of customers, boosting the Tenant’s business performance.
Large 1-Acre+ Parcel with Drive Thru - Jack in the Box benefits from an above average parcel size with excellent drive-thru car stacking and abundant parking. Its location & pylon sign at the 8th Street On-Ramp/Off-Ramp of the Interstate 10 Freeway boasts 136,000+ cars/day. Situated at the signalized intersection of Ramsey Street and 8th Street, there is also driveway access off both streets.
Excellent Drive Thru Location - Jack in the Box out-positions several restaurants nearby on Ramsey Street, including McDonald’s, Del Taco, Carl’s Jr., and Taco Bell. Local customer drivers include Banning High School (4,200+ students), Banning Police Department, County of Riverside Dept. of Public Services, Banning City Hall, and multiple businesses.
Documents:
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Offering Memorandum
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Location
Gallery