2210 S HARBOR BLVD Anaheim CA 92802-3517

CBRE, Inc. is pleased to present the opportunity to acquire the fee simple interest in a single-tenant, absolute triple-net (NNN) ground lease occupied by Jack in the Box, located within the Anaheim Resort Specific Plan District in Anaheim, California. The property sits in the core of the Resort District, in close proximity to Disneyland, the Anaheim Convention Center, and a dense concentration of hotels and entertainment uses that consistently drive traffic to the immediate area.

Jack in the Box LLC, an affiliate of Jack in the Box Inc. (NASDAQ: JACK), has operated at this location for over 26 years. The tenant is currently in its first five-year option period, with options extending through March 31, 2042. The lease is structured as an absolute NNN, with the tenant responsible for all expenses, providing a passive ownership profile.

The investment provides an annual rent of $145,225, with increases tied to CPI and capped at 8% every five years. The rent structure offers a level of predictability, along with periodic adjustments over the remaining term.

Anaheim remains one of the most active commercial and tourism markets in Southern California, supported by a daytime population of approximately 359,795 and a large employment base of nearly 181,000 employees. The property benefits from convenient access to Interstate 5, State Route 57, and State Route 91, connecting the site to the broader Orange County and Inland Empire markets.

In addition to the in-place income, the offering includes a 28,314 square foot parcel with a freestanding drive-thru restaurant. The site is located within a built-out corridor of the Anaheim Resort area, where comparable sites are limited. The ground lease structure allows for ongoing income while maintaining long-term control of the underlying real estate.

ABSOLUTE TRIPLE-NET (NNN) GROUND LEASE

The lease is structured as an absolute triple-net (NNN) ground lease, with the tenant responsible for operating expenses.

REMAINING LEASE TERM AND OPTIONS

The tenant is currently in the first of four five-year extension options, with options extending through March 31, 2042, representing approximately 16 years of remaining potential lease term.

CPI-BASED RENT ADJUSTMENTS

The current rent is $12,102 per month ($145,225 annually), with rental increases tied to CPI and capped at 8% every five years.

ANAHEIM RESORT DISTRICT LOCATION

The property is located within the Anaheim Resort Specific Plan District, near Disneyland Resort and surrounding hospitality, entertainment, and lodging uses. This synergistic co-tenancy drives support of business in this area.

TOURISM AND DAYTIME POPULATION

Anaheim has a daytime population of approximately 359,795 (2025), supported by tourism and a large employment base that contributes to consistent daily activity.

ESTABLISHED EMPLOYMENT BASE

The City of Anaheim includes approximately 15,981 businesses employing 180,999 individuals, supporting sustained consumer demand in the area.

RESIDUAL LAND VALUE AND LONG-TERM OPTIONALITY

The ground lease structure allows for long-term income while retaining ownership of the underlying land, providing future flexibility at lease expiration or upon repositioning.

REDEVELOPMENT POTENTIAL WITHIN INFILL CORRIDOR

Located in a developed commercial corridor within the Anaheim Resort area, the site may support future

redevelopment aligned with surrounding hospitality, retail, or service-oriented uses, subject to applicable approvals.

DRIVE-THRU CONDITION USE PERMIT (CUP)

The property includes a 2,894 square foot freestanding building on a 28,314 square foot parcel with an existing drive-thru CUP that may be maintained for future tenancy.

INCOME AND HOUSING CHARACTERISTICS

The median household income is $94,564, with an average household size of 3.11 persons. The median value of owner-occupied housing is approximately $841,059 (2025).

POPULATION AND DEMOGRAPHIC COMPOSITION

Anaheim has a population of 346,842 (2020 Census) with a median age of 36.8, including a significant share of Gen Z and Millennial residents.