Jack in the Box 1805 Pioneer Parkway East, Springfield, Oregon 97477
For more information, please contact: Senior Vice President Lic. #01389755 T: (858) 200-4265 rlee@cfisandiego.com Executive VP/Principal Lic. #01422680 T: (858) 200-4264 mikep@cfisandiego.com
List Price... $2,800,000 CAP Rate May 2018.. 4.82% Gross Leasable Area ± 3,121 SF Lot Size.. ± 0.74 ACRES Year Opened 1999 APN 17-03-26-23-02001 Annualized Operating Data Monthly Rent Annual NOI Rent/SF Cap Rate Current Rent April 2018 $ 14,508 5.40% May 2018 - April 2023 $ 11,250 $ 135,000 $43.26 4.82% May 2023 - April 2028 $ 12,375 $ 148,500 $47.58 5.30% * Rent at Option Period(s) to be adjusted using CPIW Tenant Summary Tenant Trade Name Jack in the Box Lease Guarantor Corporate Lease Type NNN Roof and Structure Tenant Responsible Lease Commencement 2000 New Rent Commencement May 2018 Lease Expiration 2028 Term Remaining 10+ Years Increases 10% in Year 5 of New Term Options One, 5-Year Option
JACK IN THE BOX OVERVIEW Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box restaurants, one of the nation's largest hamburger chains, with more than 2,200 restaurants in 21 states and Guam. Additionally, through a wholly owned subsidiary, the company operates and franchises Qdoba Mexican Eats, a leader in fast-casual dining, with approximately 700 restaurants in 47 states, the District of Columbia and Canada. LOCATION OVERVIEW This site is located at the corner of Pioneer Parkway East and Q Street ideally positioned directly off the Route 126 off-ramp in Pioneer Plaza. Neighboring tenants include major anchor Safeway Grocery, Bank of America Financial Center, Edward Jones, Shari s Café & Pies, Video Game Headquarters, and more. Both the Hamlin Sports Complex and Hamlin Middle School are just to the south. Park at Emerald Village Apartments, Fountain Court Apartments and other single-family residential neighborhoods surround the area. The University of Oregon and Pioneer Pacific College are both located within a few miles. DEMOGRAPHICS 2017 Population: 1 mile radius 17,997 3 mile radius 74,276 5 mile radius 162,647 2017 Average Household Income 1 mile radius $53,668 3 mile radius $61,574 5 mile radius $62,130 EUGENE-SPRINGFIELD SUB-MARKET OVERVIEW Eugene s official slogan is, A Great City for the Arts and Outdoors, with the city being noted for its natural environment, recreational opportunities (bicycling, running/jogging, rafting, and kayaking) and its focus on the arts. It is the home to the University of Oregon, Lane Community College, and a campus for Pioneer Pacific College. With various amenities, transportation options, trendy shops, eateries, bars, and festivals the area is a prime location for investors.
Pioneer Plaza anchored by Safeway Grocery, includes shops such as Bank of America Financial Center, Edward Jones, along with other retail amenities. Pioneer Pacific College is located less than three miles away and offers degree programs in criminal justice, healthcare, legal studies, business, and more. University of Oregon located just 3.6 miles east, is a flagship research university. Founded in 1876, the 295-acre campus has an enrollment of more than 23,000 students with 19 research centers and institutes Peace Health is amongst the area s largest employers operating a number of hospitals, clinics and laboratories within the Eugene- Springfield area.
Park at Emerald Village Pioneer Plaza Site Off-ramp Fountain Court Apartments Hamlin Sports Complex Prime location Located directly off of the Route 126 off-ramp in Pioneer Plaza nearby Safeway Grocery Market, residential, schools, and apartments Hamlin Middle School
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OFFERING CFI is offering the Corporately Guaranteed Net-Leased Jack in the Box located at 1805 Pioneer Parkway East, Springfield, Oregon to buyers in its existing condition. The site is zoned CC Community Commercial. Please refer to the City of Springfield Development and Public Works website to review the uses and densities allowed on the property. SITE TOURS This is a net-leased investment opportunity. Site visits will need to be arranged after receipt of an agreed to offer on the property and opening of escrow. Please do not disturb the existing tenants and occupants on the site. For more information, please contact: Senior Vice President Lic. #01389755 T: (858) 200-4265 rlee@cfisandiego.com Executive VP/Principal Lic. #01422680 T: (858) 200-4264 mikep@cfisandiego.com DISCLAIMER The information contained in this marketing brochure has been obtained from sources deemed to be reliable. Commercial Facilities, Inc. (CFI) has not and will not verify the information provided to us, nor has CFI conducted any investigations regarding the information provided to us. CFI makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided including but not limited to: the zoning, allowed uses or densities for the subject property, historical significance, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence of environmental contamination, compliance with State and Federal regulations and the condition of the property and improvements thereon. All real estate investments carry significant risk. Buyer and Buyer s tax, financial, legal and construction advisors should conduct a careful and independent analysis of any investment or development property to determine the suitability of the property for the Buyer s needs. The depiction in the included photographs of any person, entity, sign, logo or property, other than Commercial Facilities Incorporated s (CFI) client and the property offered by CFI, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted as CFI or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of CFI s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. By accepting this marketing brochure, you agree to release Commercial Facilities, Inc., and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.