Jack in the Box | 2020 S Santiam Hwy
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Jack in the Box 2020 S Santiam Hwy
2,492 SF Retail Building Lebanon, OR 97355 £1,862,231 (£747/SF) 4.75% Net Initial Yield
Investment Highlights
- Absolute NNN lease provides zero Landlord responsibilities
- Yield increases an estimated 157 basis points over the primary term provided by 10% scheduled rent increases every five years
- Benefits from location on daily-needs retail arterial in close proximity to Safeway directly across the street and Lebanon High School
- Corporate-backed lease with Jack in the Box Inc
- Excellent visibility on Hwy 20 and Airport Rd., exposed to 31,457 VPD
Executive Summary
The Offering provides the opportunity to acquire a corporate-backed Jack in the Box operating on an Absolute NNN lease with over 17.5 years remaining. The Property is ideally located on the hard corner of Airport Rd. and Highway 20, the main north-south arterial running through the city, and 30 miles east of I-5. Jack in the Box has operated at this location since construction in 2011, with a brand-new lease executed in 2022 by the current operator. The Property benefits from high-density surrounding residential and proximity to numerous national retailers, including a Safeway across the street and within blocks of Lebanon High School. Please follow this link for more information: https://hubs.la/Q02Wp30P0
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,492 SF
Building Class
B
Year Built
2011
Price
£1,862,231
Price Per SF
£747
Net Initial Yield
4.75%
NOI
£88,456
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
0.52 AC
Parking
10 Spaces (4.01 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Air Conditioning
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0206041 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £1,119,819 |
PROPERTY TAXES
Parcel Number
0206041
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,119,819
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Jack in the Box | 2020 S Santiam Hwy
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