Jack in the Box

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.
• 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

Description

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Puyallup is a city in Pierce County, Washington, United States, located about 10 miles southeast of Tacoma and 35 miles south of Seattle. It had a population of 42,973 at the 2020 census. The city's name comes from the Puyallup Tribe of Native Americans and means "the generous people". Puyallup is also home to the Washington State Fair, the state's largest fair.

Pierce County is a county in the U.S. state of Washington. As of the 2020 census, the population was 921,130, up from 795,225 in 2010, making it the second-most populous county in Washington, behind King County, and the 60th-most populous in the United States. The county seat and largest city is Tacoma. Formed out of Thurston County on December 22, 1852, by the legislature of Oregon Territory, it was named for U.S. President Franklin Pierce. Pierce County is in the Seattle metropolitan area (formally the Seattle-Tacoma-Bellevue, WA, metropolitan statistical area).

Pierce County is home to Mount Rainier, the tallest mountain and a volcano in the Cascade Range. Its most recent recorded eruption was between 1820 and 1854. There is no imminent risk of eruption, but geologists expect that the volcano will erupt again. If this should happen, parts of Pierce County and the Puyallup Valley would be at risk from lahars, lava, or pyroclastic flows. The Mount Rainier Volcano Lahar Warning System was established in 1998 to assist in the evacuation of the Puyallup River valley in case of eruption.

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