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Jack in the Box - Lemoore, CA

This corporate guaranteed Jack in the Box offers an 18-year NNN lease with 13.6 year remaining on the base term with four 5-year options thereafter. Rental escalations every 5-years calculated on CPI (with an 8% cap per increase). Current rent is $92,105, and subject to escalation in June 2009, which is where the site's been priced. Seller will credit the buyer the difference should escrow close prior to the escalation. The subject site is located on the highly trafficked intersection of E Hanford Armona Rd and N Lemoore Avenue in Lemoore. The site is directly next to a Foster's Freeze, and is in front of a Hollywood Video and Papa Murphy's Take Out Restaurant. Please download the flyer for more information.

Additional Info

  • Address: : 31 E Hanford Armona Rd, Lemoore, CA
  • Price: : $1,473,674
  • Net Rentable Area: : 2,693
  • CAP Rate: : 6.75%
  • Status: : SOLD