This trophy Jack in the Box property is located on a signalized hard corner (NE Corner of S Garey Ave and Philadelphia St) in the City of Pomona. The investment offers a terrific opportunity for the Buyer to obtain long term passive income, under an attractive NNN lease. The lease is struck directly with Jack in the Box Inc (i.e. Corporate Lease) who operate the site as a company location. The subject property comprises of a free standing, one-story fast-food restaurant building. It was constructed in 1994 as a Jack in the Box restaurant. This is a Jack in the Box, company operated location. The total land area is 28,131 Sq. Ft., and is zoned C4 Commercial. The site is an out parcel to a well-established, grocery anchored (Food 4 Less) retail center. The site is 100% leased to Jack in the Box Inc., which operates a restaurant with approximately 60 seats, a drive-thru and 36 parking spaces. Jack in the Box Inc., has successfully operated this location since 1994 and have recently extended their lease term for an additional 15 years, to expire on September 29, 2032.
The property is located in the City of Pomona, CA at the signalized hard corner of S. Garey Aveue and Philadelphia Street. The property is highly visible and can be accessed from S. Garey Ave and Philadelphia St. This is a high traffic location with easy access to major freeways. As an out parcel to a prominent grocery anchored (Food 4 Less)retail center, the site benefits from a constant stream of traffic. This supports the strong historical occupancy of Jack in the Box at this site for more than 23 years.