Jack In The Box
2,636 SF | Retail Building | Puyallup, WA 98375 | $2,530,000 ($960/SF) | 7% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,530,000
- Property Type
-
Retail
- Square Feet
- 2,636 SF
- Price / Square Foot
- $960
Listing Contacts
Deno Bistolarides
Verified Profile
Michael Gaggo
Verified Profile
Brandon Hanna
Verified Profile
- Property Info
Property Overview
Absolute Net Lease: Requires zero landlord responsibilities
Tax-Free Income State: Fee simple ownership
Tenant Commitment: Tenant recently exercised their 5-year option period, demonstrating a strong commitment to the location.
Top Burger Chain: Jack in the Box is one of the leading burger chains in the U.S., with over 2,200 locations
Annual Rental Escalations: 1% annual rental escalations during the initial term and option periods
Strong Traffic Counts: E Meridian Ave (40,105 VPD+/-) and 160th St E (16,304 VPD+/-) with combined traffic counts of 56,409 VPD+/-.
Dense Residential Infill: Population within a 5-mile radius is 174,000 people
Affluent Community: Household income within a 1-mile radius exceeds $111,000
Proximity to Airport: The subject property is across the street from Pierce County Airport (Thun Field), a public use airport primarily serving general aviation activities, including private, business, and recreational flights, with hangars available for aircraft storage
Location: Puyallup is located in Pierce County, about 10 miles southeast of Tacoma and 35 miles south of Seattle
Surrounding National Tenants: Nearby national tenants include Walmart Supercenter, Target, Panda Express, Denny's, Applebee's, O'Reilly Auto Parts, Chipotle, Red Robin, Sleep Number, Walgreens, Taco Bell, and many more
Tax-Free Income State: Fee simple ownership
Tenant Commitment: Tenant recently exercised their 5-year option period, demonstrating a strong commitment to the location.
Top Burger Chain: Jack in the Box is one of the leading burger chains in the U.S., with over 2,200 locations
Annual Rental Escalations: 1% annual rental escalations during the initial term and option periods
Strong Traffic Counts: E Meridian Ave (40,105 VPD+/-) and 160th St E (16,304 VPD+/-) with combined traffic counts of 56,409 VPD+/-.
Dense Residential Infill: Population within a 5-mile radius is 174,000 people
Affluent Community: Household income within a 1-mile radius exceeds $111,000
Proximity to Airport: The subject property is across the street from Pierce County Airport (Thun Field), a public use airport primarily serving general aviation activities, including private, business, and recreational flights, with hangars available for aircraft storage
Location: Puyallup is located in Pierce County, about 10 miles southeast of Tacoma and 35 miles south of Seattle
Surrounding National Tenants: Nearby national tenants include Walmart Supercenter, Target, Panda Express, Denny's, Applebee's, O'Reilly Auto Parts, Chipotle, Red Robin, Sleep Number, Walgreens, Taco Bell, and many more
Property Details
- Class
- C
- Year Built/Renovated
- 1999/2006
- Stories
- 1
- Lot Size (sq. ft)
- 32,670 SF
Highlights
- Absolute Net Lease: Requires zero landlord responsibilities
- Tax-Free Income State: Fee simple ownership
- Tenant Commitment: Tenant recently exercised their 5-year option period, demonstrating a strong commitment to the location
- Annual Rental Escalations: 1% annual rental escalations during the initial term and option periods
- Dense Residential Infill: Population within a 5-mile radius is 174,000 people
- Affluent Community: Household income within a 1-mile radius exceeds $111,000
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].