Jack In The Box

• 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.
• Capital Commitment Demonstrated Through Renovations: The tenant completed a significant interior and exterior remodel in 2015, reflecting long-term operational intent. Renovations of this nature typically drive increased foot traffic and sales in the quick-service restaurant (QSR) sector.
• Prominent Signalized Hard Corner Location: Positioned at a high-visibility intersection on S. Grand Blvd., a major north-south arterial with traffic volumes exceeding ±10,000 vehicles per day (VPD).
• 24-Hour Operation with Drive-Thru Service: The property benefits from around-the-clock service and drive-thru accessibility, key revenue drivers for QSR tenants.
• Strategic Metro Location within St. Louis MSA: Located in St. Louis, the second-largest metropolitan area in Missouri with a population exceeding 2.8 million.
• Dense Surrounding Population: Strong local demographics with over ±266,961 residents within a five-mile radius, supporting consistent customer demand.