Jack In The Box

Lowest
Cap Rate

5.00%

Lowest cap rate over past 24 months

Average
Cap Rate

5.75%

12 mo avg with 5+ yr lease term

Overview

Jack in the Box restaurants typically range from 2,200 to 3,000 square feet, built on 0.5 to 1.0-acre parcels, and are almost always freestanding with drive-thru service. Leases are generally 15- to 20-year absolute NNN, with 10% rent increases every 5 years, and are corporately guaranteed for new developments. Franchisee-operated locations make up the majority of the portfolio, though newer deals increasingly involve corporate guarantees or franchisee financial vetting.

Average Property & Lease

Average Sale Price	$2,000,000 – $3,200,000
Average NOI	$115,000 – $185,000
Building SF	2,200
Lease Term	15 Years
Escalations	10% Every 5 Years
Stock Symbol	NASDAQ:JACK

CREDIT RATING

S&P	B
Moody's	B1

TENANT DESCRIPTION

Jack in the Box was founded in 1951 in San Diego, California, by Robert O. Peterson, and introduced the nation’s first major drive-thru hamburger chain. Known for its quirky branding and diverse menu—from burgers to tacos to breakfast—Jack in the Box built a strong following, especially in the western and southwestern U.S. The company is publicly traded under Jack in the Box Inc., which also owns Del Taco, and continues to expand through a mix of corporate and franchised stores.

Founded	1951
Headquarters	San Diego, CA, U.S.
Number of Locations	2,200
Revenue	$1.6 B
Company Website	https://www.jackinthebox.com
Key Principal	Darrin Harris

Jack In The Box

Lowest Cap Rate

5.00%

Average Cap Rate

5.75%

Overview

Average Property & Lease

CREDIT RATING

S&P

B

Moody's

B1

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate