PAUL BONANNO JEFF RAMSAY JEFF BERGER (760) (760) (760)

Transcription

1 8302 WEST LYNWOOD STREET TOLLESON, ARIZONA PAUL BONANNO JEFF RAMSAY JEFF BERGER (760) (760) (760)

2 FINANCIAL OVERVIEW ADDRESS 8302 West Lynwood Street Tolleson, AZ Price $2,745,000 Cap Rate Net Operating Income 5.50% $151, Approximate Rentable Square Footage 2,400 Lot Size 0.7 acres Type of Ownership Fee Simple RENT SCHEDULE TERM ANNUAL RENT MONTHLY RENT Current Term COE 6/30/23 $151, $12, /1/23 6/30/28 $169, $10, Option 1 7/1/28 6/30/33 $189, $15, /1/33 6/30/38 $212, $17, Option 2 7/1/38 6/30/43 $237, $19, /1/43 6/30/48 $266, $22, LEASE SUMMARY Tenant Jack in the Box, Inc. Lease Type Absolute NNN Roof & Structure Tenant Lease Term 20 Years Rent Commencement July 1, 2008 Lease Expiration June 30, 2028 Term Remaining Approximately 10 Years Increases 12% increases every 5 years Options Two x 10 Years Right of First Refusal Yes

3 TENANT OVERVIEW Led by an affable "CEO" with a Ping-Pong ball for a head, Jack in the Box is among the leading quick-service restaurant businesses in the US. The company operates and franchises about 2,200 of its flagship hamburger outlets in California, Texas, and more than 20 other states. Jack in the Box offers such standard fast-food fare as burgers, fries, and soft drinks, as well as salads, tacos, and breakfast items. About 415 locations are company-owned, while the rest are franchised. In addition to its mainstay burger business, the company runs a chain of more than 700 Qdoba Mexican Grill fast-casual eateries through its Qdoba Restaurant subsidiary. Jack in the Box plans to sell Qdoba to private-equity firm Apollo Global Management for $350 million in cash. Ownership Public Tenant Jack in the Box, Inc. Number of Locations 2,200+ Website

4 INVESTMENT OVERVIEW INVESTMENT HIGHLIGHTS 20 Year Lease commenced July 1, 2008 Corporate guaranteed Lease Very Rare fixed 12% increases every 5 years, NOT based on CPI Jack in the Box operates over 2,200 locations in 22 states DEMOGRAPHICS POPULATION 1 Mile 3 Mile 5 Mile Total Population (2018) 14, , ,062 INCOME Avg HH Income (2018) $58,346 $59,375 $66,899 TRAFFIC COUNTS I-10 Located approximately 10 miles from Downtown Phoenix Situated immediately off I-10 with traffic counts in excess of 205,000 vehicles per day AREA OVERVIEW 205,658 Other retailers in the immediate area include Sam s Club, Walmart Supercenter, Lowe s, Big Lots!, Ross Dress for Less, Dollar Tree and many others QSR operators in the immediate area include Burger King, Waffle House, Taco Bell, Whataburger, Starbucks and a variety of local and regional operators Tolleson is well known throughout the valley for fabulous events offered year-round. The city holds multiple events the Latin Jazz and Mariachi Festival, Whoopee Daze, Tolleson s Easter Celebration, Music Fest, 4th of July, Movies in the Park, Tardeada Latina, Health and Community Expo, Pride Day, Veterans Day and Luces de Navidad. Home to our street festivals, Downtown Tolleson Paseo de Luces (Path of Lights) brings thousands of people to our community to culminate in a true downtown entertainment destination, that you will definitely want to experience for yourself. As you explore Paseo de Luces, you will encounter an amazing art collection designed and fabricated by local West Valley youth through a partnership program, Gallery 37, between the City of Tolleson and the West Valley Arts Council. Through Gallery 37, students created seven sculptures that embody the city s past, present and future. This collection is known as the Paseo de Arte, Path of Art. In 2015, the West Valley Arts Council recognized the City of Tolleson as the 2015 Champion of the Arts because of its commitment and accomplishments specifically by including public art as a staple in our new city design.

5 REGIONAL MAP

6 LOCAL MAP

7 AERIAL PHOTO

8 AERIAL PHOTO