JACK IN THE BOX · Jack in the Box Inc., based in San Diego, is a restaurant company that ....
Transcript of JACK IN THE BOX · Jack in the Box Inc., based in San Diego, is a restaurant company that ....
KIDDER.COM
JACK IN THE BOXOFFERING MEMORANDUM | 2020 S SANTIAM HWY | LEBANON, OR
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.
This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.
This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.
EXCLUSIVELY LISTED BY
01EXECUTIVE SUMMARY
The Offering
02PROPERTY OVERVIEW
Property DescriptionProperty DetailsProperty Strengths
03PROPERTY MAPS
Aerial MapRegional MapAmenities Map
04FINANCIAL ANALYSIS
Rent Roll
05TENANT OVERVIEW
EBM Foods, Inc. dba Jack in the Box
06MARKET OVERVIEW
About Lebanon, ORDemographic Highlights
TABLE OF CONTENTS
KIDDER.COM
KELVIN ZHOU
[email protected] N° 02045670
RYAN O'LEARY
[email protected] N° 200804103
JOSHUA BERGER
[email protected] N° 01984719
JUSTIN MENDELSON
[email protected] N° 01877973
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01EXECUTIVE
SUMMARYTHE OFFERING
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Kidder Mathews is pleased to present an Exclusive Investment Offering for a single tenant restaurant building leased to EBM Foods, Inc. dba Jack in the Box (“Tenant”) at 2020 S Santiam Highway, Lebanon, OR 97355 (“Property”).
THE OFFERING
This opportunity consists of a freestanding building leased to EBM Foods, Inc. dba Jack in the Box and is located adjacent to other national tenants along a major thoroughfare. 2020 S Santiam Hwy will provide an investor the opportunity to acquire a 2,390 SF building on 22,651 SF of land.
EXECUTIVE SUMMARY
PROPERTY OVERVIEW
Address 2020 S Santiam Highway Lebanon, OR 97355
Offering Price $1,875,000
NOI $144,020
CAP Rate 7.68%
Total Building SF 2,390 SF
Total Land SF 22,651 SF
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02PROPERTY OVERVIEW
PROPERTY DESCRIPTION
PROPERTY DETAILS
PROPERTY STRENGTHS
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PROPERTY DETAILS
Address 2020 S Santiam Highway, Lebanon, OR 97355
Building Size 2,390 SF
Land Size 22,651 SF
Year Built 2011
Tenant EBM Foods, Inc. dba Jack in the Box
Percentage Leased 100%
Lease Term 11.5+ years (expires September 26, 2031)
Monthly Rent$12,001.68 $5.02/SF/MO
2020 Annual Rent $144,020
Annual Rent at Next Increase $145,460.20 (September 2020)
Options to Renew (4) 5 year options
Rent Increases in Option Periods
1% Annually
PROPERTY OVERVIEWPROPERTY DESCRIPTION
A free-standing single-tenant property currently leased to EBM Foods, Inc. (Franchisee of Jack in the Box)
Located on a major retail thoroughfare, just off of Interstate 20
Strong street visibility with ample parking
Landscaping in the parking area and adjacent to the building
The Property’s improvements appear to be in good condition and repair
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PROPERTY STENGTHS
Franchisee signed lease with a personal guarantee
Newly constructed Property that was built in 2011
Surrounded by national and regional retailers including Taco Bell, Starbucks, Burger King, AutoZone, Safeway, McDonald’s, O’Reillys, Citizens Bank, etc.
Located on a hard corner in a mature area along a main retail throughfare along South Satiam Highway in Lebanon, OR
Only Jack in the Box within a 15 mile radius indication of limited competition
One access point and ingress/egresses on Santiam Highway and one access point on Airport Road
Property is just off Interstate 20 with a daily traffic count of 21,800 vehicles per day
Franchise operating 17+ units in Oregon
Located on a hard corner
Lots of construction/new development in the immediate area
NEW CONSTRUCTION PROTOTYPE
PERSONAL GUARANTEE LEASE
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03PROPERTY
MAPSAERIAL MAP
REGIONAL MAP
AMENITIES MAP
S M
AIN
ST
(US
20
)
LA
RS
ON
LA
NE
AIRPORT RD
AIRPORT RD
N
PROPERTY MAPSAERIAL MAP
SUBJECT PROPERTY
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N
SUBJECT PROPERTY
REGIONAL MAP
EUGENE
SALEM
BEND
MEDFORD
PORTLAND
NAMPA
RICHLAND
BOISE
OREGON
Willamette National Forest
Mt. Hood National Forest
Fremont-Winema National Forest
Modoc National Forest
Sheldon National Antelope Refuge
Klamath National Forest
Shasta-Trinity National Forest
Six Rivers National Forest
Malheur National Forest
Umatilla National Forest Payette
National Forest
Umpqua National Forest
YAKAMA INDIAN RESERVATION
WARM SPRINGS RESERVATION
NEZ PERCE RESERVATION
84
82
84
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AMENITIES MAP
CASCADES ELEMENTARY SCHOOL
LEBANON HIGH SCHOOL
SHANICO INN
LEBANON ANIMAL
HOSPITAL
LINN LANES BOWLING CENTER
S MAIN
ST (U
S 20)
S SECOND S
T
S S
EC
ON
D S
T
RUSSELL DR
WALKER RDFRANKLIN ST
S 5TH
ST
S 7
TH S
T
S MAIN
ST (U
S 20)
AIRPORT RD
J ST
SUBJECT PROPERTY
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04FINANCIAL
ANALYSISRENT ROLL
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RENT ROLL
CURRENT OWNERSHIP OPTION PERIOD
Tenant Building Size % of Total SF Current Lease Term Monthly Rent Rent/SF/Month Annual Rent Option to Renew Rent increases in Option Peiord
EBM Foods, Inc. dba Jack in the Box 2,390 SF 100% 11.5 years $12,001.68 $5.02 $144,020 4 (5) year options 1% Annually
FINANCIAL ANALYSIS
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05TENANT
OVERVIEWEBM FOODS, INC. DBA JACK IN THE BOX
ABOUT THE BRAND
Jack in the Box Inc., based in San Diego, is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states. As the first major hamburger chain to develop and expand the concept of drive-thru dining, Jack in the Box has always emphasized on-the-go convenience. Approximately 85 percent of the half-billion guests served annually buy food at the drive-thru or for take-out. In addition to drive-thru windows, most restaurants have indoor dining areas and are open 18-24 hours a day.
LESSEEJACK IN THE BOX
HEADQUARTERSAN DIEGO, CALIFORNIA
NO. LOCATIONS2,200 RESTAURANTS IN 21 STATES
WEBSITEWWW.JACKINTHEBOX.COM
TENANT OVERVIEW
EBM FOODS, INC. DBA JACK IN THE BOX
ABOUT THE LESSEE
Ebm Foods Inc. is regional, 17 unit Jack in the Box franchisee. The Tenant is the primary operator in the Southwest portion of Oregon. The lease will carry a personal guarantee from the franchisee.
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06MARKET
OVERVIEWABOUT LEBANON, OR
DEMOGRAPHIC HIGHLIGHTS
ABOUT LEBANON, ORThis is the story of Lebanon, Oregon, most westerly and progressive of all the Lebanons. It is a story of a town founded by American wagon-train pioneers who searched a vast continent for a land where they could build their homes and sink their ploughs.
They found it in late autumn of 1847 when Jeremiah Ralston halted his train of three wagons in what is now Lebanon, Oregon. Jeremiah was the first to map the town and name it. He chose the name because the many cedar trees by the river made him think of the Biblical references to the cedars of Lebanon and partly because of sentiment for his birth place – Lebanon, Tennessee.
From a small timber town in the 1850s to a community today of 15,000 and growing,
Lebanon is the perfect choice for businesses and organizations, from higher education to manufacturing. Located in the western foothills of the cascade mountains, Lebanon is noted for its mild climate and proximity to some of the best skiing, kayaking, and fishing in the Pacific Northwest. Golfers play year around at the beautiful Mallard Creek Championship golf course. The natural beauty of the Willamette Valley, our growing economy, and our quality schools have positioned Lebanon for a bright future.
Lebanon’s parks foster the well-being and health of every citizen. Discover what Lebanon’s parks can offer you. Exercise, play, compete and relax in over 300 acres of well-maintained parks, trails and natural areas. Whether you are looking for recreation, relaxation, fitness activities or taking in some art, Lebanon Parks has something for you. The benefits are endless. (City of Lebanon Oregon, Lebanon Chamber of Commerce & Vistors Center)
25,943 2019 5-MILE TOTAL POPULATION
13.82% 2010-2019 POPULATION GROWTH
7.87% 2019-2024 PROJECTED GROWTH
39.80 2019 3-MILE AVERAGE AGE
$62,384 2019 5-MILE AVG HOUSEHOLD INCOME
8,500 TRAFFIC COUNT AIRPORT RD & LARSON LN
DEMOGRAPHIC HIGHLIGHTS
MARKET OVERVIEW
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KIDDER.COM
EXCLUSIVELY LISTED BY
KELVIN ZHOU
[email protected] N° 02045670
JOSHUA BERGER
[email protected] N° 01984719
JUSTIN MENDELSON
[email protected] N° 01877973
RYAN O'LEARY
[email protected] N° 200804103