Restaurant
Jack in the Box | 16+ Year Abs. NNN Lease | Hard Signalized Intersection
800 E Cypress Ave, Redding, CA 96002
Listing Price: $3,700,934
Investment Overview
Marcus & Millichap is pleased to present for sale this Absolute Net Leased
Jack in the Box located at 800 E Cypress Avenue in Redding, California. The
freestanding single-tenant property consists of a 3,520 Sq.Ft building with a
drive-thru and is situated on a .68-acre parcel of land.
The property is located on the hard signalized intersection of East Cypress
Avenue and Hilltop Drive which sees vehicle counts in excess of 46,700 a day
and conveniently located immediately off the exit ramp of Interstate-5 with
more than 70,800 VPD. The property out positions the competing QSRs in the
immediate trade and also benefits from incredible visibility. Additionally, the
property is located within the area’s dense retail corridor home to a number
of National and Regional Retailers including but not limited to Burger King,
McDonald’s, Popeye’s, Carl’s Jr, Taco Bell, Wendy’s, Big Lots, Ross Dress for
Less, Safeway, Lowe’s, AutoZone, Office Depot, and numerous others.
The are several apartment complexes within proximity of the property including
Manzanita Manor Apartments with 45 units, Echo Manor Apartments with 45
units, Echo Palms with 32 units, Churneck Village with 93 units, Bechelli Oaks
Apartments with 43 units, Creekside Village with 46 units, Park Marina Village
with 48 units, and Canby Creek with 46 units. Also nearby is Mercy Medical
Center with 266 Beds and the Institute of Technology Redding with 16,900
enrollment. Nestled in the north end of the Sacramento Valley and North of
Sacramento, the City of Redding is the last large metro before the Oregon border.
The tenant originally executed a 20-year Absolute NNN lease and has just over
16 years of initial term remaining with two (2), five (5)-year tenant renewal
options.
Jack in the Box is an American fast food restaurant chain founded February
21, 1951, by Robert O. Peterson in San Diego, California, where its current
headquarters are located. The chain has over 2,200 locations, over 5,300
employees, annual revenues exceeding $1.021 Billion (2020), and over 500
million annual guests.
Jack in the Box | 16+ Year Abs. NNN Lease | Hard Signalized Intersection
Investment Highlights
- Original 20-Year Absolute NNN Lease | 16+ Years of Initial Term Remaining
- Long Term Site Commitment | 20+ Year Operating History at this Location
- Franchisee Guarantee | Chico Foods, LLC: 31-Unit Guarantee
- Strategic Asset Positioning | Hard Corner Signalized Intersection
- Unique Location within Dense Retail Corridor
- Absolute NNN | Zero Landlord Responsibility
Restaurant
Jack in the Box | 16+ Year Abs. NNN Lease | Hard Signalized Intersection
Listing Price: $3,700,934
Investment Highlights
- Original 20-Year Absolute NNN Lease | 16+ Years of Initial Term Remaining
- Long Term Site Commitment | 20+ Year Operating History at this Location
- Franchisee Guarantee | Chico Foods, LLC: 31-Unit Guarantee
- Strategic Asset Positioning | Hard Corner Signalized Intersection
- Unique Location within Dense Retail Corridor
- Absolute NNN | Zero Landlord Responsibility
Investment Overview
Marcus & Millichap is pleased to present for sale this Absolute Net Leased Jack in the Box located at 800 E Cypress Avenue in Redding, California. The freestanding single-tenant property consists of a 3,520 Sq.Ft building with a drive-thru and is situated on a .68-acre parcel of land. The property is located on the hard signalized intersection of East Cypress Avenue and Hilltop Drive which sees vehicle counts in excess of 46,700 a day and conveniently located immediately off the exit ramp of Interstate-5 with more than 70,800 VPD. The property out positions the competing QSRs in the immediate trade and also benefits from incredible visibility. Additionally, the property is located within the area’s dense retail corridor home to a number of National and Regional Retailers including but not limited to Burger King, McDonald’s, Popeye’s, Carl’s Jr, Taco Bell, Wendy’s, Big Lots, Ross Dress for Less, Safeway, Lowe’s, AutoZone, Office Depot, and numerous others. The are several apartment complexes within proximity of the property including Manzanita Manor Apartments with 45 units, Echo Manor Apartments with 45 units, Echo Palms with 32 units, Churneck Village with 93 units, Bechelli Oaks Apartments with 43 units, Creekside Village with 46 units, Park Marina Village with 48 units, and Canby Creek with 46 units. Also nearby is Mercy Medical Center with 266 Beds and the Institute of Technology Redding with 16,900 enrollment. Nestled in the north end of the Sacramento Valley and North of Sacramento, the City of Redding is the last large metro before the Oregon border. The tenant originally executed a 20-year Absolute NNN lease and has just over 16 years of initial term remaining with two (2), five (5)-year tenant renewal options. Jack in the Box is an American fast food restaurant chain founded February 21, 1951, by Robert O. Peterson in San Diego, California, where its current headquarters are located. The chain has over 2,200 locations, over 5,300 employees, annual revenues exceeding $1.021 Billion (2020), and over 500 million annual guests.
