Restaurant
Jack in the Box | 15+ Year Abs. NNN Lease | Dense Retail Corridor
1801 E Main St, Grass Valley, CA 95945
Listing Price: $3,763,636
Investment Overview
Marcus & Millichap is pleased to present for sale this Absolute Net Leased Jack
in the Box located at 1801 E Main Street in Grass Valley, California, North of
Sacramento. The freestanding single-tenant property consists of a 2,815 Sq.Ft
building with a drive-thru and is situated on a .70-acre parcel of land.
The property is well located immediately off the exit ramp of the Golden Center
Freeway (SR-49) which sees vehicle counts in excess of 33,352 a day. It also
benefits from its location adjacent to the hard-signalized intersection of Brunswick
Road and Maltman Drive Gray Avenue providing great 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,
Taco Bell, McDonald’s, KFC, Dutch Bros Coffee, Save Mart, Safeway, AutoZone,
Walgreens, Wendy’s, Grocery Outlet, Speedway, and numerous others.
The ideal location is evident by the tenant’s healthy sales thus creating long
term commitment probability to the site, beyond the existing lease term of 15+
years. On top of the outstanding demand drivers the property is also just 1-mile
from Sierra College’s Nevada County Campus, which boast more than 18,000
students across their campuses and Sierra Nevada Hospital with 104+ staffed
beds.
Additional demand drivers also include; the Glenbrook Shopping Center, Pine
Creek Shopping Center, McKnight Crossing Shopping Center, Rock Creek Plaza,
and Auburn Village. There are also several apartment complexes within proximity
of the property including the Eastridge Apartments with 80 units, Valley View
Apartments with 50 units, Valley Commons Apartments with 56 units, Grass
Valley Terrace Apartments with 70 units, and Springhill Gardens Apartments.
The area is also benefiting from numerous new home developments which
include Berriman Ranch with 30 brand new home sites and Sierra Oaks Estates.
The tenant originally executed a 20-year Absolute NNN lease and has just over
15 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 | 15+ Year Abs. NNN Lease | Dense Retail Corridor
Investment Highlights
- Original 20-Year Absolute NNN Lease | 15+ Years of Initial Term Remaining
- Long Term Site Commitment | Tenant has Operated Site Since 2002
- Franchisee Guarantee | NOR-CAL Venture Group: 26-Unit
- Unique Location within Dense Retail Corridor
- Visibility to Hard Signalized Corner | Visible to Over 15,000 Vehicles/ Day
- Absolute NNN | Zero Landlord Responsibility
Restaurant
Jack in the Box | 15+ Year Abs. NNN Lease | Dense Retail Corridor
Listing Price: $3,763,636
Investment Highlights
- Original 20-Year Absolute NNN Lease | 15+ Years of Initial Term Remaining
- Long Term Site Commitment | Tenant has Operated Site Since 2002
- Franchisee Guarantee | NOR-CAL Venture Group: 26-Unit
- Unique Location within Dense Retail Corridor
- Visibility to Hard Signalized Corner | Visible to Over 15,000 Vehicles/ Day
- 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 1801 E Main Street in Grass Valley, California, North of Sacramento. The freestanding single-tenant property consists of a 2,815 Sq.Ft building with a drive-thru and is situated on a .70-acre parcel of land. The property is well located immediately off the exit ramp of the Golden Center Freeway (SR-49) which sees vehicle counts in excess of 33,352 a day. It also benefits from its location adjacent to the hard-signalized intersection of Brunswick Road and Maltman Drive Gray Avenue providing great 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, Taco Bell, McDonald’s, KFC, Dutch Bros Coffee, Save Mart, Safeway, AutoZone, Walgreens, Wendy’s, Grocery Outlet, Speedway, and numerous others. The ideal location is evident by the tenant’s healthy sales thus creating long term commitment probability to the site, beyond the existing lease term of 15+ years. On top of the outstanding demand drivers the property is also just 1-mile from Sierra College’s Nevada County Campus, which boast more than 18,000 students across their campuses and Sierra Nevada Hospital with 104+ staffed beds. Additional demand drivers also include; the Glenbrook Shopping Center, Pine Creek Shopping Center, McKnight Crossing Shopping Center, Rock Creek Plaza, and Auburn Village. There are also several apartment complexes within proximity of the property including the Eastridge Apartments with 80 units, Valley View Apartments with 50 units, Valley Commons Apartments with 56 units, Grass Valley Terrace Apartments with 70 units, and Springhill Gardens Apartments. The area is also benefiting from numerous new home developments which include Berriman Ranch with 30 brand new home sites and Sierra Oaks Estates. The tenant originally executed a 20-year Absolute NNN lease and has just over 15 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.
