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Jack in the Box Ground Lease, Saint Ann, MO

Jack in the Box Ground Lease

Saint Ann, MO

Price $2,143,000
Cap Rate 5.25%
NOI $112,500
Lease Term 10 Years
Lease Type Absolute NNN Ground Lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof & Structure
Rental Increases CPI-Based Rental Increases, Not to Exceed 10%, Every Five Years
Year Built 1998
Building Size 3,000 SF
Lot Size 0.88 Acres (28,463 SF)
Status Available
Lead Broker Information Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

LONG-TERM ABSOLUTE NNN GROUND LEASE
» No landlord management, ideal for an out-of-area investor
» Long-term operating history since 1998, plus recent 10-year lease extension, demonstrating commitment to the location

HIGH-TRAFFIC LOCATION WITH EASY FREEWAY ACCESS
» Excellent visibility and access to 44,540 vehicles per day directly in front of the property on Saint Charles Rock Road
» Immediate access to on- and off-ramps for U.S. Highway 67 (43,800 AADT)
» Close proximity to Interstate 70 (166,223 AADT)

OUTPARCEL TO THE CROSSINGS AT NORTHWEST
» Mixed-use commercial center with a 12-story office tower, big box stores, offices, restaurants, and other retailers
» Home to the busiest Raising Cane’s restaurant in the St. Louis region, which is located next to the property
» Future location of Save-A-Lot’s corporate headquarters
» Houses over 3,000 employees and has a $328 million economic impact on the region

CENTRAL ST. LOUIS LOCATION WITH ROBUST DEMOGRAPHICS
» Adjacent to St. Louis Lambert International Airport, the largest and busiest airport in Missouri
» Minutes from SSM Health DePaul Hospital (476 beds and 3,000 employees)
» Near several major employers, including Boeing (14,000 employees), Enterprise Holdings (5,500 employees), and Express Scripts (5,323 employees)
» Across from Holman Middle School and Early Childhood Program (827 students)
» 180,947 residents live and 175,809 daytime employees work within a five-mile radius

Click Here to Download Offering Memorandum


Property Description

The property is conveniently located on Saint Charles Rock Road, with excellent visibility and access to 44,540 vehicles per day directly in front of the property. On- and off-ramps for U.S. Highway 67 (43,800 AADT) are immediately accessible, and Interstate 70 (166,223 AADT) is nearby. Located in a dense retail and commercial corridor, the property is close to several large shopping centers and national tenants, including Home Depot, Walmart Supercenter, Lowe’s, Dollar Tree, Big Lots, and more. The property is outparcel to the Crossings at Northwest, a mixed-use commercial center with a 12-story office tower, big box stores, offices, restaurants, and other retailers. Notable retailers in the center include Menards, Value City Furniture, and the busiest Raising Cane’s restaurant in the St. Louis region, which is located next to the property.

Centrally located in a busy commercial region, the property is close to many large employers and important community amenities and is supported by a strong customer base. The Crossings at Northwest is home to several large offices, including a Charter Communications call center and a number of offices for St. Louis County. Recently, Save-A-Lot announced that it would be moving its corporate headquarters to the Crossings at Northwest. Once Save-A-Lot moves in, the Crossings—which St. Louis County officials tout as having a $328 million economic impact on the region—will be 90% occupied and will have over 3,000 employees. In addition, several other major employers are located within a few miles of the property, including Boeing (14,000 employees), Enterprise Holdings (5,500 employees), and Express Scripts (5,323 employees). In total, 175,809 daytime employees work within five miles of the property. Also nearby are important community amenities—like SSM Health DePaul Hospital (476 beds and 3,000 employees) and St. Louis Lambert International Airport—and notable developments, such as the $68 million multi-purpose ice sports facility that will serve as a practice facility for the National Hockey League’s St. Louis Blues.

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