Jack In The Box & Strip 801 E Spring St, Signal Hill, Signal Hill, CA Cap Rate 4.28% Signal Hill ( California, US ) Built

$10,921,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,400 sq. ft.
  • Development Level: Built
  • Lot Size: 0.63 acres
  • Year Built: 2008

Description

Jack In The Box & Strip 801 E Spring St, Signal Hill, Signal Hill, CA Cap Rate 4.28%

Cap Rate: 4.28%
NOI: $467,757
Building Size: 2,400 sqft
Lot Area: 0.63 acres
Occupancy: 100%
Year Built: 2008

Price: $10,921,000 USD

DESCRIPTION
Faris Lee Investments is pleased to present the rare opportunity to acquire the fee simple interest (land & building) in a 3-tenant freestanding building including a Bank of America ATM and an absolute-NNN ground lease interest in a Jack in the Box (land only) located within a dominant Home Depot anchored community center in Signal Hill (Long Beach), CA (“the Properties”). The tenants are Starbucks, Chipotle, T-Mobile, Bank of America (ATM) and Jack in the Box. They are all strong national/credit tenants which feature corporate guaranteed NNN leases, providing ease of management with expenses passed through to the tenant and is an ideal investment for a 1031 exchange. The assets also provide multiple option periods for most tenants, allowing for long term security and stability with the potential for each tenant to remain at the property for an additional 3 to 15 years.
Starbucks: Public Company: (NASDAQ: SBUX), S&P rated BBB+, fiscal 2019 revenue of $26.51 billion, fiscal 2019 net income of $3.60 billion, and fiscal 2019 total assets of $19.22 billion
Chipotle: Public Company: (NYSE: CMG), fiscal 2019 revenue of $5.59 billion, fiscal 2019 net income of $350.16 million, and fiscal 2019 total assets of $5.10 billion
T-Mobile: Public Company: (NASDAQ: TMUS), 2019 revenue of $44.99 billion, 2019 net income of $3.47 billion, and 2019 total assets of $86.92 billion
Bank of America: Public Company: (NASDAQ: BAC), S&P rated A-, fiscal 2019 revenue of $91.24 billion, and fiscal 2019 net income of $27.43 billion
Jack-in-the-Box: Publicly traded company: (NASDAQ: JACK), fiscal 2019 revenue of $950.11 million, fiscal 2019 net income of $94.44 million, fiscal 2019 assets of $958.48 million and over 2,240 locations throughout 21 states and Guam.

he properties are located within the Signal Hill Gateway community center, which is home to an unparalleled tenant roster of top industry anchor and daily-needs tenants including Home Depot, Applebee’s, In-N-Out, Petco, Dollar Tree and Ross, driving extremely high crossover foot traffic to the subject property. The property enjoys excellent signage, street frontage along California Avenue and East Spring Street, and multiple monument signs visible from one of the busiest freeways in Southern California, I-405 (333,800 VPD). The Property is also within close proximity to Long Beach Memorial Hospital, which has more than 450 beds. The city of Signal Hill is adjacent to Long Beach, which is the seventh largest city in California. With over 5,000 residential units planned or under construction, Downtown Long Beach has become one of Southern California’s prime real estate markets. It is also a major industrial port, ranked second-busiest in the U.S. and tenth-busiest in the world. Some of Southern California’s best attractions can be found just a few miles from the area, including the Aquarium of the Pacific, the Queen Mary Oceanliner, and Disneyland. Signal Hill Gateway benefits from its position in one of the most affluent and densely populated areas in Southern California. Over 596,600 people with an average income of over $86,000 reside within 5 miles of the property and the high-income areas of Rancho Palos Verdes and Belmont Shore are just a short drive from the center.

HIGHLIGHTS
• National/Credit Tenant | Strong Brand Recognition
• Long Term / Absolute NNN Ground Lease - 9+ years
• Fixed Rental Increases
• Ease of Management | Absolute NNN Ground Lease
• Close Proximity and ease of access to major traffic drivers
• Irreplaceable southern California urban infill location | Strong Demographics
• Outparcel Pad to power center

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

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Information is deemed to be correct but not guaranteed.