For Sale
$3,507,000

13561 Whittier BlvdWhittier, CA 90605

Corporate-guaranteed, 20-year lease, high-growth potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple ownership of a Jack in the Box restaurant located at 13561 Whittier Blvd, Whittier, CA 90605. The property, built in 1978 and totaling 2,316 square feet, boasts a strong 100% occupancy rate with a new corporate-guaranteed 20-year absolute triple-net (NNN) lease. The lease includes a significant rent bump of 10% every five years, providing substantial long-term growth and a hedge against inflation. The current Net Operating Income (NOI) is $149,175, yielding a 4.25% cap rate on the asking price of $3,507,000. The tenant, Jack in the Box, will be investing approximately $500,000 in remodeling the site prior to lease commencement. The lease also includes six, five-year renewal options, ensuring long-term stability. This property is ideally situated in a high-traffic area with over 45,500 vehicles passing daily and a population of over 31,000 residents within a one-mile radius. The property is a prime example of a low-management, high-return investment, perfect for a 1031 exchange. The absence of a ground lease further enhances the investment's appeal.

Highlights

  • Fee-simple ownership of a Jack in the Box restaurant at 13561 Whittier Blvd, Whittier, CA 90605.
  • New 20-year corporate-guaranteed absolute triple-net (NNN) lease with 10% rent increases every five years.
  • $3,507,000 asking price with a 4.25% cap rate and a current NOI of $149,175.
  • Jack in the Box will invest approximately $500,000 in remodeling before lease commencement.
  • Ideal 1031 exchange opportunity due to the absolute NNN lease and fee-simple ownership, allowing for depreciation of improvements.

Property Details for 13561 Whittier Blvd

Property type
Retail properties
Square Feet
2,316 SF
Year Built
1978

Location Insight

City
Whittier
County
Los Angeles
State
California
Latitude
33.9618791
Longitude
-118.0300153
13561 Whittier Blvd, Whittier, California

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13561 Whittier Blvd
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