Jack In the Box - Pheonix

PHOENIX, AZ is a dynamic and rapidly growing city known for its year-round sunshine, desert landscapes, and thriving economy. As the fifth-largest city in the U.S., Phoenix serves as a hub for innovation, tourism, and industry, with strong sectors in technology, healthcare, and real estate. Its vibrant downtown, outdoor lifestyle, and proximity to natural attractions make it a highly desirable place to live and do business. Phoenix’s economy is robust and diversified, driven by high-value manufacturing, creative and bioscience innovation, and a booming visitor economy. While housing affordability remains a pressing issue, sustained investment in infrastructure, cultural vitality, and international connectivity point to continued growth and global positioning.Lee & Associates is pleased to present a rare Jack in the Box corporate-guaranteed, 100% leased, single-tenant NNN investment opportunity located in Phoenix, Arizona. Jack in the Box, one of the nation’s most recognized quick-service restaurant brands, boasts nearly 75 years of operational history, with over 2,200 locations across 21 states. Demonstrating a long-term commitment to this high-performing location, the tenant recently executed a 15-year early lease extension through 2041. With 32 years of successful operation at this site and estimated 2024 gross sales of $2.2 million, this location maintains a strong and healthy 5.5% rent-to-sales ratio. Strategically positioned at the signalized hard corner intersection of Interstate 17, Thomas Road, and Highway 60, the property offers visibility to over 267,000 vehicles per day and benefits from seamless ingress and egress from multiple access points. The site is located in one of Phoenix’s densest retail corridors, with nearly 250,000 residents and over 166,000 households within a five-mile radius, further supporting strong sales performance and daily traffic volume. Located in the rapidly growing Phoenix metro, one of the fastest-expanding regions in the U.S., the property is positioned to benefit from a surging local economy fueled by high-wage job creation and significant tech-sector investment. Phoenix is now home to Taiwan Semiconductor Manufacturing Co.’s $65+ billion expansion, making it a national hub for innovation and manufacturing. With favorable demographics, increasing demand for retail, and a corporate-guaranteed lease from a nationally recognized tenant, this asset presents a compelling opportunity for long-term, stable returns. Investment Highlights: Corporate Lease Guaranty – Jack in the Box, Inc. (NASDAQ: JACK) $1.57 Billion in Revenue (2024) $2.2M in Estimated Gross Sales Annually (2024) – Profitable 5.5% Rent to Sales Ratio – Recently Extended 15 Year Lease 16+ Years Remaining on Absolute NNN Lease – Recent 15 Year Early Lease Extension – 32 Year Successful Operating History Irreplaceable Frontage & Access to Interstate 17 & Highway 60 – Visibility To 267,000 Vehicles Per Day – Signalized Hard Corner Phoenix, Arizona – An Economic Powerhouse – One of The Fastest Growing Metro Areas in the U.S.