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Restaurant

Jack in the Box

1610 S 347th Pl, Federal Way, WA 98003

Listing Price: $3,028,235

Cap Rate
4.25%
Tenant Name
Jack in the Box
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Absolute Net
Rent Per Square Feet
$36.77

Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale a recently renovated Corporate Guaranteed Absolute NNN Jack in the Box (NASDAQ: JACK) located in the dynamic Federal Way retail corridor. In 2020/2021, Jack in the Box underwent an extensive remodel, paid for by the Tenant, including brand new siding, roof, HVAC, signage, paint and light interior upgrades. Jack in the Box is currently paying just $33.43/ SF + NNN with market rents achievable in the $40/SF to $45/ SF + NNN range. The Property benefits from a large, 0.95 acre lot and is located at one of the busiest intersections in Washington state featuring over 100,000 VPD.

Investment Highlights

  • 2020 STORE RENOVATION
  • AAA HIGH-TRAFFIC LOCATION
  • ABSOLUTE NNN LEASE
  • LOW RENT ($33.43/SF + NNN)
  • SCHEDULED RENT INCREASES
  • STRONG HISTORICAL OCCUPANCY
  • CORPORATE GUARANTEE / NATIONAL TENANT
  • RARE LARGE 0.95 ACRE LOT WITH DRIVE-THRU

Exclusively Listed By

Restaurant

Jack in the Box

Listing Price: $3,028,235

Cap Rate
4.25%
Tenant Name
Jack in the Box
Years Remaining On Lease
6.2
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Absolute Net
Rent Per Square Feet
$36.77

Investment Highlights

  • 2020 STORE RENOVATION
  • AAA HIGH-TRAFFIC LOCATION
  • ABSOLUTE NNN LEASE
  • LOW RENT ($33.43/SF + NNN)
  • SCHEDULED RENT INCREASES
  • STRONG HISTORICAL OCCUPANCY
  • CORPORATE GUARANTEE / NATIONAL TENANT
  • RARE LARGE 0.95 ACRE LOT WITH DRIVE-THRU

Investment Overview

Marcus & Millichap’s Brown Retail Group has been selected to exclusively market for sale a recently renovated Corporate Guaranteed Absolute NNN Jack in the Box (NASDAQ: JACK) located in the dynamic Federal Way retail corridor. In 2020/2021, Jack in the Box underwent an extensive remodel, paid for by the Tenant, including brand new siding, roof, HVAC, signage, paint and light interior upgrades. Jack in the Box is currently paying just $33.43/ SF + NNN with market rents achievable in the $40/SF to $45/ SF + NNN range. The Property benefits from a large, 0.95 acre lot and is located at one of the busiest intersections in Washington state featuring over 100,000 VPD.

Exclusively Listed By

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