Jack in the Box 1504 Pacific Ave

Investment Highlights

Absolute NNN Lease: ? 5 YRS remain w/ 3-5 YR options to renew Corporate Lease Guaranty (Jack in the Box Properties LLC) Rent Increases: Annual - Percentage Rent (ask broker for details) Fee Simple Ownership (Land & Building)

Executive Summary

CIRE Partners is pleased to present a single-tenant net leased investment property in Stockton, California, which is the county seat of San Joaquin County. The subject property has been occupied by Jack in the Box since the property was built in 1974, and is located at 1504 Pacific Avenue. The site consists of an approximately 2,258 square foot building on an approximately 0.46 acre parcel of land. Strategically located at the signalized intersection of Pacific Avenue and W Harding Way, two retail and residential thoroughfares serving the City of Stockton, the subject property benefits from prominent visibility, excellent ingress and egress, strong traffic volumes, a local trade area that provides demand and synergy, and limited fast food/quick service restaurant competition. In addition, this Jack in the Box property features a drive-thru, pylon signage, and is open 24 hours per day.This Jack in the Box property is store #464 of approximately 2,200 in the entire Jack in the Box system. Jack in the Box #464 has successfully operated at this same location for almost 50 years. In addition, Jack in the Box recently exercised another option to renew the lease for a term of five years, which further demonstrates their commitment to this location. The long-term operating history, combined with a strong corporate lease guarantor, above average store sales and percentage rent payments (ask broker for details), equates to a highly demanded and seasoned property.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food Fast Food General Retail Freestanding General Retail Restaurant Fast Food
• Building Size    2,258
• Building Class    C
• Year Built    1974
• Price    2,052,826
• Price Per SF    909
• Cap Rate    5.50
• NOI    112,905
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.11
• Land Acres    0.46 AC

• 24 Hour Access
• Corner Lot
• Dedicated Turn Lane
• Pylon Sign
• Restaurant
• Signage
• Signalized Intersection
• Drive Thru