Jack in The Box
1205 Broadway St,
Redwood City, CA 94063
Extremely Rare Single Tenant Asset | High-Profile Location
3.25%
CAP RATE
1,848
Building SF
$190,361
Current Rent
.42
Land Acres
Absolute NNN
Lease Type
1984
Year Built
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3.25%
CAP RATE
1,848
Building SF
$190,361
Current Rent
.42
Land Acres
Absolute NNN
Lease Type
1984
Year Built
INVESTMENT OVERVIEW
Jack in the Box is located at 1205 Broadway St in Redwood City. The subject property is 1,848 square feet, resided on .42 acres of land and was built in 1984. The current lease in place expires on June 30, 2031 providing 7.5 years of lease term with CPI increases every 2.5 years. This location benefits from a well placed, strategic position on Broadway St with very strong traffic counts off of Woodside Rd (84) and the Bayshore Freeway (101). This dense, urban in-fill location offers a number of long-term, high-density redevelopment possibilities for future consideration.
INVESTMENT HIGHLIGHTS
Jack in The Box has Operated On-Site since 1984 - NASDAQ: JACK
Absolute NNN Lease with 7.5 Year Remaining; CPI Increases every 2.5 Years
High-Visibility, Trophy Location with Drive-Thru in one of Silicon Valley's most Sought After Markets
51,669 VPD on Woodside Rd (84) & Bay Rd South - VPD 228,897 on Bayshore Freeway (101)
Major Future Redevelopment Potential for High-Density Project
MARKET OVERVIEW
Redwood City is a San Francisco Bay Area community located in the heart of Silicon Valley, the technology-rich region extending from the San Francisco Peninsula to the foothills of the Santa Cruz Mountains. Redwood City is the third largest city in the County of San Mateo, with 85,992 residents. The city enjoys an average of 255 sunny days a year, which it boasts via the city slogan: “Climate Best by Government Test”. Incorporated in 1867, Redwood City is home to the San Mateo County History Museum (located in the county’s old courthouse) and the only active deep water port within the south bay of San Francisco.
The city’s vibrant downtown, quickly becoming known as the entertainment hub of the San Francisco Peninsula, offers residents, visitors, and businesses a unique retail, entertainment, and restaurant experience. A wide variety of small businesses abound in our richly historic downtown and in other retail, office, and industrial sectors. Located at the northern end of Silicon Valley, Redwood City is also home to a number of world-class high technology companies. Many of these companies specialize in software, multimedia, and biotechnology development. The number of employees in each company ranges from less than five to over 7,000. Since 2013, over $150 Billion has been invested in companies headquartered in Redwood City.
FOR MORE DETAILS CONTACT
Michael Cisternino
Managing Principal
(925) 388-0888
michael@essentialcre.com
CA 01708023, NV 1002492, ID PR59295
Nick Cole
Vice President of Investments
(925) 482-7044
nick@essentialcre.com
CA 01977282
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