Signed in as:
filler@godaddy.com
Signed in as:
filler@godaddy.com
$5,175,000
20 Years
Triple-Net (NNN) Lease
In a rare Sale and Leaseback, Jack in the Box Corporate will sign a new 20-year lease at the Close of Escrow.
The fast food industry has been one of the most stable business sectors through the pandemic.
Jack in the Box has been operating at this site for over 25 years, demonstrating their commitment to the location.
An average of 75,000 vehicles pass by the site daily and with the West Seattle Bridge closed through 2022, that number is likely much higher.
Unlike a ground lease, the fee simple land and building sale will allow an investor to depreciate the improvements.
The long-term triple-net lease and fee-simple ownership make this an ideal exchange investment.