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Views: 161 DOM: 298 Updated: 09.06.24 Posted: 02.18.24 Status: Active

Summary

Price $2,503,000
Built/Renov 1991
Tenant Jack in the Box
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp Traded
Size/SF 3,016
Lease Start 02-08-1991
#Units 2,186
Price/SF $829.91
Expiration 02-12-2029
Tenant Type Fast Food/QSR
NOI $137,648
R. Term 4.2
Ownership Fee Simple
Rent/SF $45.64
Increases 10.0%/5/yrs
Pop 5Mi 150,309
Lot/AC 0.39
Options 3/5yrs/10%
AHHI 5Mi $90,706

Lease Highlights

  • Jack in The Box has been operating in this location since 1991
  • The tenant has 4+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features escalations equal to the lesser of CPI or 10% every 5 years throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Jack in the Box is strategically located along the city’s major retail corridor at the signalized, hard-corner intersection of S. Mooney Blvd and W Tulare Ave, with access to a combined high daily traffic count of 45,000 vehicles per day. The property also enjoys close proximity to Visalia Mall (drawing 4.4 million annual visitors per Placer.ai), College of the Sequoias, and Kaweah Health...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Jack in the Box, Inc. is a quick-service restaurant chain primarily found on the West Coast of the United States. They serve a broad selection of distinctive products targeted primarily at the...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 14,321 124,421 153,851
2023 Total Population : 14,440 123,517 152,391
2023 Employed Civilian Pop : 6,234 54,480 67,877
2023 Total Businesses : 874 4,474 5,241
2023 Average Household Income : $ 81,524 $ 95,983 $ 100,235
2023 Total Consumer Spending : $ 367 M $ 3416 M $ 4352 M
2023 Median Age : 37 34 34
2023 Total Households : 5,206 41,228 50,324
2023 Pop Age 25+: Bachelor's Degree : 1,678 12,749 16,506
2023 Average Home Value : $ 343,334 $ 344,766 $ 351,743
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Tulare Ave S Bonnie St 2014 10,187 0.03 mi
Mooney Blvd W Tulare Ave 2017 33,000 0.04 mi
CA 63 W Tulare Ave 2021 25,450 0.05 mi
63 W Tulare Ave 2018 33,000 0.07 mi
S Central St W Tulare Ave 2013 4,500 0.14 mi
W Tulare Ave S Woodland St 2014 10,718 0.21 mi
S Divisadero St W Laurel Ave 2013 1,800 0.21 mi
Mooney Blvd W Beverly Dr 2008 31,000 0.21 mi
S Woodland St W Laurel Ave 2014 6,075 0.27 mi
W Tulare Ave S Dollner St 2014 10,187 0.28 mi

Listing Broker

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