For Sale
$2,380,000

2020 Santiam HwyLebanon, OR 97355

Oregon QSR Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a chance to acquire a fee-simple interest in a single-tenant, 2,492 square foot Jack in the Box restaurant located in Lebanon, Oregon. The property sits on a 0.52-acre lot at 2020 S Santiam Hwy, boasting excellent visibility on Highway 20 and Airport Road, with a high daily traffic count of 31,457 vehicles. Built in 2011, this property features 27 parking spaces and benefits from a strong location on a major retail arterial, situated directly across from a Safeway and near Lebanon High School, ensuring consistent customer traffic. The property is currently operating under a corporate-guaranteed Absolute NNN lease with Jack in the Box, Inc., offering zero landlord responsibilities. The lease has over 17.5 years remaining, with built-in rent bumps of 10% every five years, the next increase scheduled for 2027. This translates to a projected yield increase of 157 basis points over the primary lease term. The asking price is $2,380,000, representing a 4.75% cap rate. The property's location, strong tenant, and lease terms make this a compelling investment opportunity with significant long-term potential. The property's parcel number is 0206041. This is a single-story building with 100% occupancy.

Highlights

  • $2,380,000 asking price for a Jack in the Box retail property.
  • Absolute NNN lease with zero landlord responsibilities.
  • Corporate guarantee from Jack in the Box.
  • 10% rent increases every five years, next increase in 2027, yielding a 157 basis point increase over the primary term.
  • High-visibility location on Hwy 20 and Airport Rd, with 31,457 VPD.
  • Strong location near Safeway and Lebanon High School.

Property Details for 2020 Santiam Hwy

Property type
Retail properties
Square Feet
2,492 SF
Year Built
2011
Buildings
1
Stories
1
Lot Size (sq. ft)
22,651 SF

Location Insight

City
Lebanon
County
Linn
State
Oregon
Latitude
44.526431530974
Longitude
-122.9075268876
2020 Santiam Hwy, Lebanon, Oregon

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2020 Santiam Hwy
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