Jack in the Box 21430 Yorba Linda Boulevard, Yorba Linda, CA Cap Rate 4% Yorba Linda ( California, US ) Built

$3,791,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 2,356 sq. ft.
  • Development Level: Built
  • Lot Size: 0.46 acres
  • Year Built: 1990

Description

Jack in the Box 21430 Yorba Linda Boulevard, Yorba Linda, CA Cap Rate 4%

Cap Rate: 4%
NOI: $151,624
Building Size: 2,356 sqft
Lot Area: 0.46 acres
Occupancy: 100%
Year Built: 1990

Price: $3,791,000 USD

DESCRIPTION
Faris Lee Investments is pleased to offer the unique opportunity to acquire the fee simple interest in a single tenant, Absolute NNN, Jack in the Box which is strategically located at the Main Entrance to a Grocery Anchored Shopping Center on Yorba Linda Blvd. at the signalized, hard corner of Yorba Linda Blvd. & New River Rd., in Yorba Linda, CA. The subject property is located as an out-parcel pad to a highly successful Smart & Final Extra Grocery Anchored Shopping Center and within one of the highest income communities in Southern California, Yorba Linda (Orange County). Tenants within the center include a high volume Smart & Final Extra (NAP), Anytime Fitness (NAP), Citibank (NAP), an office building occupied by Coldwell Banker among others. The lease is Corporate executed with Circle K Stores Inc., Absolute NNN with a 10% rent increase in 4 years (2024). In addition, Mobil Gas has occupied at this proven location since 1989 (31 years).

Jack in the Box is publicly traded (NASDAQ: JACK) with an S&P BBB rating. As of September 29, 2019, it operated and franchised approximately 2,243 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is based in San Diego, California.

Yorba Canyon Center is ideally positioned at two (2) signalized, hard corner intersections, Yorba Linda Boulevard and New River Road. The property is located within a strong Orange County demographic trade area with a 2019 average household income in excess of $165,000 within a 3-mile radius of the subject property. Additionally, there are approximately 82,000 consumers and nearly 23,000 daytime employees within a 3-mile radius of the subject property.
Yorba Linda has one of the highest disposable incomes in all of Orange County, and has been consistently ranked as one of the most desirable communities in Southern California. Yorba Canyon Center is ideally positioned within this high-barrier-to-entry supply constrained community, home to some of the most affluent housing developments in Orange County. Furthermore, each commercial property and intersection has been meticulously planned to ensure long term success of the commercial properties and there with the Yorba Linda community. With a population of over 3 million people, Orange County is located in the heart of Southern California between Los Angeles and San Diego, and it’s the third most populous county in the US. It is a central metropolitan area with leading educational, cultural, and business institutions.

HIGHLIGHTS
• Corporate Executed Lease Jack in the Box, Inc.
• Low Rent for an Orange County / QSR Outparcel in a Grocery Anchored Center
• Long-Term Historical Occupancy at this Proven Location with Drive-Thru
• Absolute NNN Lease
• Extremely Rare Orange County, CA Real Estate
• Located in Top Orange County Retail Trade Area / Affluent Marketplace + Strong Demographics
• Long-Term Appreciation – Yorba Linda, CA
• Shopping Center Remodel in Near Future
• Above Average Sales at this 31-Year Proven Location

For more infomation:
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.

Attachments

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Information is deemed to be correct but not guaranteed.