Investment Highlights
Absolute Net Lease: Requires zero landlord responsibilities
Tenant Commitment: Tenant recently exercised their 5-year option period, demonstrating a strong commitment to the location
Dense Residential Infill: Population within a 5-mile radius is 174,000 people
Tax-Free Income State: Fee simple ownership
Annual Rental Escalations: 1% annual rental escalations during the initial term and option periods
Affluent Community: Household income within a 1-mile radius exceeds $111,000
Executive Summary
Absolute Net Lease: Requires zero landlord responsibilitiesTax-Free Income State: Fee simple ownershipTenant Commitment: Tenant recently exercised their 5-year option period, demonstrating a strong commitment to the location.Top Burger Chain: Jack in the Box is one of the leading burger chains in the U.S., with over 2,200 locationsAnnual Rental Escalations: 1% annual rental escalations during the initial term and option periodsStrong Traffic Counts: E Meridian Ave (40,105 VPD+/-) and 160th St E (16,304 VPD+/-) with combined traffic counts of 56,409 VPD+/-.Dense Residential Infill: Population within a 5-mile radius is 174,000 peopleAffluent Community: Household income within a 1-mile radius exceeds $111,000Proximity to Airport: The subject property is across the street from Pierce County Airport (Thun Field), a public use airport primarily serving general aviation activities, including private, business, and recreational flights, with hangars available for aircraft storageLocation: Puyallup is located in Pierce County, about 10 miles southeast of Tacoma and 35 miles south of SeattleSurrounding National Tenants: Nearby national tenants include Walmart Supercenter, Target, Panda Express, Denny's, Applebee's, O'Reilly Auto Parts, Chipotle, Red Robin, Sleep Number, Walgreens, Taco Bell, and many more
