Investment Offering
Tenant: Jack In The Box
Premises: 3290 SF
Renewal Options: 4 x 5
Lease Expiration: 07/2029
Lease Type: NNN
Rental Increases: At Options
- 100% leased single-tenant NNN fee simple (land & building) providing a new investor with a very secure asset
- Lease is guaranteed by Franchise Operator (Bladow Enterprises) by operator himself – not just a LLC/Entity guarantee, Bladow Enterprises operated 22 Jack In The Box Restaurants and 3 Qdoba Restaurants in Colorado, Nevada and California
- Jack In The Box has been operating at this location since 2009 providing new investor with confidence given the location has been established
- Brand new 15 year absolute NNN lease will commence at Close of Escrow with fixed 10% rent increases every 5 years
- Lease calls for Four – 5 Years options to extend following the initial lease term
- Jack In The Box is a national credit QSR Restaurant, publically traded on the NYSE:JACK with over 2,200 locations throughout 20 states. 2013 revenue was reported at $2.25 billion. Additionally Jack In The Box operates the Qdoba mexican grill concept with 510 locations in 45 states
Tenant Overview
Jack in the Box is an American fast-food restaurant founded in 1951 by Robert O. Peterson in San Diego, California, where it is still headquartered today. In total, the chain has 2,200 locations, primarily serving the West Coast of the United States. Food items include a variety of hamburger and cheeseburger sandwiches along with selections of international themed foods such as tacos and eggrolls. The company also operates the Qdoba Mexican Grill chain.
Area Overview
