Strong Corporate Guaranty – The lease is guaranteed by Jack in the Box, Inc. (S&P: BB-); one of the nation’s premier Fast Food companies with over 2,200 locations.
Recent Lease Renewal -Jack in the Box just commenced a new 12-year lease renewal that includes (4) 5-year options.
Absolute NNN Lease -The Absolute NNN lease gives the Landlord zero management responsibilities, offering an excellent passive investment.
Rent Growth -The lease provides for rent increases according to CPI (9% max) every five years in the primary term and option periods providing an investor with excellent rent growth.
Hard Corner Location with Excellent Access/Visibility – The subject property sits on the signalized hard corner of N. Eldridge Pkwy and Tanner Rd (combined 48,000 cars per day) with multiple access in/out of the property.
Limited Competition in the Surrounding Area – The immediate area features limited Quick Service Restaurant options allowing the Jack in the Box location to capitalize on the surrounding retail consumer and residential populations.