142 S Vasco Road, Livermore, CA 94551; Retail For Sale; D-11 in Alameda County

142 S Vasco Road, Livermore, CA 94551; Retail For Sale; D-11 in Alameda County


142 S Vasco Road, Livermore, CA 94551; Retail For Sale; D-11 in Alameda County

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142 S Vasco Road, Livermore, CA 94551

Jack in the Box – Corporate NNN – SF Bay Area

Retail Property For Sale

Price:
$2,702,305
Building Size:
2,578 SF
Price/SF:
$1,048.22
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
4.25%
Tenancy:
Single
Year Built:
1994
Lot Size:
0.85 AC
Listing ID
18767194

Highlights

  • Jack in the Box extended the lease for 15 years as of February 2014
  • Sub 8% rent-sales ratio
  • Rare San Francisco Bay Area trophy asset with corporate guaranty
  • Fixed 10% rental increases every 5 years
  • Four (4) – 5 year options to renew

Description

CIRE Partners is pleased to present a single tenant net leased investment offering in Livermore, California. The subject property is occupied by Jack in the Box, which operates under a long-term absolute NNN lease with no landlord responsibilities. The site consists of an approximately 2,578 SF building on a 0.85 AC parcel.

Strategically located off Interstate 580, with direct access to the San Francisco Bay Area, the subject property benefits from high traffic volumes, a strong local trade area, rapid population growth, and an average household income in excess of $130,000 within a 1-mile radius.

Financial Summary

  • Actual
  • $114,848