Jack in the Box Corporate NNN Lease

Listing Jack in the Box Corporate NNN Lease Price:$1,900,000 Status:New The subject offering consists of a single tenant, free-standing Jack in the Box restaurant with drive-thru in the city of Fresno, California. The property has a newer 10-year Absolute Triple Net (NNN) Lease with over 7-years remaining on the initial term and Two 5-Year options to extend the lease at fair market rental rates. This Corporate Guaranteed lease has a built in Consumer Price Index (CPI) Rental Increases scheduled in August 2016 at an amount not to exceed 12%. The subject property is an established location that was originally constructed in 1984 and they have operated out of this location for more than 30 years. The current lease in place was executed in August 1993, and in August 2011, the Tenant agreed to amend and extend the lease for an additional 10-years plus to two additional extension periods of five-years each. ** FOR MORE INFORMATION PLEASE CONTACT THE AGENT **

Jack in the Box Corporate NNN Lease