Absolute NNN Lease– Zero Landlord Responsibilities: Fee simple interest subject to an absolute triple-net lease structure, eliminating all maintenance, repair, and operational obligations for ownership.
Established Operating History Since 1991: The tenant has continuously operated at this location for over 30+ years, originally signing the lease in 1991 and subsequently exercising multiple renewal options.
Recent Lease Extension with Remaining Term and Options: Jack in the Box exercised its second five-year option two years ago; ±3.75 years remain on the current base term with two additional five-year renewal options available.
Corporate Guarantee by Publicly Traded Operator: Lease is guaranteed by Jack in the Box Inc. (NASDAQ: JACK), one of the nation’s leading QSR chains with a portfolio of over 2,200+ locations across the U.S. and Guam.