DBW Private Brokerage
Listed by DBW Private Brokerage
$4,000,000
Jack in the Box
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,397
Cap Rate 4.46%
NOI $200,916
Occupancy 100%
Tenancy Single
Brand/Tenant Jack in the Box
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/09/2029
Rent Bumps Yes
Lease Options Four (4) × 5-Year Renewal Options
Year Built 2006
Lot Size (SqFt) 23,630
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/10/2009
Ground Lease No
Ownership Fee Simple
A great location with Cooperate Guaranteed Jack in the Box
Marketing description
This offering presents a rare opportunity to acquire a 100% leased, single-tenant retail asset occupied by Jack in the Box, Inc. in the highly accessible and densely populated submarket of Des Moines. The ±2,397 SF building is situated on ±23,630 SF of land at the intersection of Marine View Drive and S 227th Street, benefiting from excellent visibility and proximity to Des Moines Marina and Seattle-Tacoma International Airport, along with limited fast-food competition in the immediate area. The property features a long-term lease through November 2029, with four 5-year renewal options and CPI-based rent escalations, providing stable cash flow within the growing Puget Sound corridor.
Investment highlights
- 100% leased to Jack in the Box, Inc. — a publicly traded company (NASDAQ: JACK) with 2,200+ locations nationwide.
- Zero landlord responsibilities. Long-term lease through November 2029 with four 5-year renewal options.
- CPI-based rent escalations every 5 years, capped at 8%, providing inflation-protected income.
- High-visibility corner site near Des Moines Marina and Seattle-Tacoma International Airport with limited fast-food competition.
- Dense infill suburban submarket with 149,000+ residents within 5-mile radius and strong traffic drivers.
- Dense, infill suburban market with stable consumer demand
- Supply-constrained retail environment supporting long-term rent growth
- Strong traffic drivers (Airport, Marina, commuter corridors)
- Limited direct fast-food competition → high tenant sustainability
Listing Contacts
DBW Private Brokerage
Listed by DBW Private Brokerage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,916.00
$16,743.00/mo
Valuation Metrics
0
DSCR
5.02%
Cap Rate
5.02%
ROI
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