ABSOLUTE NNN GROUND LEASE JACK IN THE BOX MESA, ARIZONA Representative Photo NET LEASE INVESTMENTS EXCLUSIVELY OFFERED BY: CHRIS HOLLENBECK REGAN AMATO +1 602 224 4475 | AZ Lic #SA584876000 +1 602 468 8548 | AZ Lic# SA572688000
[email protected] [email protected] INVESTMENT OVERVIEW EXECUTIVE SUMMARY OFFERING TERMS Rucker Restaurant Holdings, LLC CURRENT NOI: $87,000 TENANT: DBA Jack in the Box PRICE: $1,934,000 9147 East Broadway Road CAP: 4.50% LOCATION: Mesa, AZ 85208 APN: 218-45-931 BUILDING SIZE: ±2,400 SF RENT SCHEDULE: MONTHLY ANNUAL % LAND SIZE: ±0.63 AC TERM YEARS RENT RENT INCREASE YEAR BUILT: 2019 Primary 1 - 5 $7,250.00 $87,000.00 RENT Primary 6 - 10 $7,830.00 $93,960.00 8% February 1, 2019 COMMENCEMENT: Primary 11 - 15 $8,456.40 $101,476.80 8% LEASE EXPIRATION: January 31, 2039 Primary 16-20 $9,132.91 $109,594.94 8% OPTIONS: Four (4) five (5) year options Option 1 21-25 $9,863.54 $118,362.54 8% RENT ADJUSTMENT: 8% increases every 5 years Option 2 26-30 $10,652.63 $127,831.54 8% Option 3 31-35 $11,504.84 $138,058.07 8% LEASE TYPE: Absolute NNN Ground Lease Option 4 36-40 $12,425.23 $149,102.71 8% JACK IN THE BOX | MESA, AZ 1 INVESTMENT OVERVIEW INVESTMENT HIGHLIGHTS HIGH TRAFFIC AT THE SITE - GREAT EXPOSURE AND ACCESS • ~66,400 vehicles per day PHOENIX MSA WITH STRONG TRADE AREA DEMOGRAPHICS • Population over 101,000 within 3 miles • Median household income over $53,000 within 3 miles • Strategically located on the hard corner of a grocery anchored intersection EXCELLENT FREEWAY ACCESS • Close proximity