100 S State College Blvd, Anaheim, CA 92806

The subject property presents a compelling opportunity to acquire a corporate leased drive-thru asset at a basis significantly below estimated replacement cost, with near-term rental upside. Based on current land values, construction costs, and entitlement challenges for drive-thru QSR assets in Anaheim, total development costs would likely exceed $3.1 million to $4.3 million.

The property is situated on a 0.44-acre corner parcel along a high-traffic corridor with approximately 54,000+ vehicles per day, benefiting from strong visibility and access within a dense retail trade area. The location is supported by significant regional demand drivers, including Disneyland (27 million+ annual visitors), as well as Anaheim Town Square, which generates approximately 6.2 million annual visits, driving consistent consumer traffic to the immediate area.

Jack in the Box Corporate, the tenant, has operated at this location since 2004 and completed a remodel to the current prototype in 2019, investing approximately $500,000 into the asset, demonstrating long-term commitment to the site.

The offering features a short-term lease structure with approximately ±1.3 years remaining, providing investors with the opportunity to capture near-term upside through renewal, re-tenanting, or repositioning, supported by below-market in place rent.

At the offering price of $2,470,000, the acquisition basis equates to approximately $129 per square foot of land, which is in line with, or below, comparable infill land values in the Anaheim market. Combined with high barriers to entry for new drive thru development in Orange County—driven by limited land availability, entitlement challenges, and regulatory constraints—the property offers strong long-term value preservation and investment flexibility.