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Tammy Saia Contact Info:
Phone: (630) 570-2226
Email: tsaia@marcusmillichap.com
Tami Andrew Contact Info:
Phone: (630) 570-2179
Email: tandrew@marcusmillichap.com
Jack in the Box - NNN Ground Lease - Corporate
Jack in the Box - NNN Ground Lease - Corporate
Corporate Guarantee | Single Tenant | NNN | Ground Lease | Built 1986 | Strong Historical Occupancy - 38 Years
.16-Acre Parcel with Stand-Alone Jack in the Box Restaurant and Drive-Through
The 2,977 +/- SF building is not included in the sale. This offering is for the ground lease only.
9.2 Years Remaining on the Ground Lease | Two, Five-Year Options to Renew-Increases in Options Based on CPI Calculation
2023 Sales Increased 7.3% Year-Over-Year | Jack in the Box in Growth Mode Expanding in Several States
Excellent Location: 3-Way Signalized Intersection | Dense, Affluent Demographics: 850,860 people with Average Household Incomes over $179,000 within a 5-Mile Radius
Ideal-Management-Free Investment | Over 2200 Locations Throughout the U.S. | Jack in the Box Founded in 1951
370 Bayshore Blvd., San Francisco, CA 94124
Request Offering Memorandum
Market Summary
Price $1,607,637
Cap Rate 5.25%
NOI $84,506
Rentable SF 2,997 SF
Price per SF $536.42
Year Built 1986
Lot Size .16 Acres
Description
Marcus & Millichap is pleased to present a Jack in the Box Corporate Guarantee NNN Ground Lease located in San Francisco, CA for sale. Jack in the Box has been a tenant in the building since 1986; 38 Years. The subject is an approximately 2,997 square-foot single-tenant building built in 1986 on approximately .16 acres. The existing ground lease has 9.2 years remaining and includes two, five-year options to renew.
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