About the Investment

• New 2020 Prototype Construction | The subject property was built in 2020 to the specifications to Jack in the Box's newest high-image prototype drive-thru
• Favorable, Lucrative Lease Structure | Long-term, absolute NNN lease with oversized rental increases every five years of the greater of 15% or the change in CPI over the previous period.
• Percentage Rent | Increased NOI Potential | Throughout the term of the lease, the Tenant must pay to landlord 9.50% of Gross Sales for each month, less the amount paid by tenant in rent. As sales continue to climb, there is a very strong near term potential to get increased rental income, above the base rent amount, meaningfully increasing Net Operating Income.
• Successful Restaurant Brand | Jack in the Box has approximately 2,200 restaurants and generates over a billion dollars in annual revenue. Jack in the Box, Inc is the fifth-largest burger brand in the QSR segment and has since 90 development agreements since 2021 for a total of 389 restaurant commitments.