Single Tenant Triple Net Jack in the Box in Ventura
- SALE PRICE: $1,650,000
- SALE DATE: 9/13/2007
- BUILDING SIZE: 2,574 sf
- PROPERTY TYPE: Retail Single Tenant NNN
- LOT SIZE: 0.83 Acres
- Jack in the Box tenant
- 65 parking Surface Spaces
This property offers excellent parking with 65 parking spaces which makes for a ratio of 25.25/1000.
Jack in the Box is among the nations leading fast food hamburger chains, with more than 2,000 quick serve restaurants in 17 states. As the first major hamburger chain to develop and expand the concept of drive-thru dining. Jack in the box has always emphasized on-the-go convenience, with approximately 85 percent of the half billion guests served annually buying food at the drive-thru or for take out. In addition to drive thru windows, most restaurants have indoor dining areas and are open 24 hours a day. Based in San Diego, Jack in the Box Inc. has more than 45,000 employees.
Ventura was named as one of America’s Most livable communities by Partners for Livable Communities during a National Press Club event in Washington D.C. on April 20,2004. Partners for Livable Communities honored Ventura with this designation because of the City’s novel approach to economic development, use of assets such as arts and culture resources, creative financing strategies, and collaborative leadership to revitalize downtown. Communities that receive this prestigious award are among the nations top destinations for travel, business investment, relocation, learning retiring and living. Retail trade is a significant economic indicator because sales tax is one of the few revenue sources at the sole discretion of the city government. Ventura companies take in about $1 billion annually in retail sales.
Jack in the Box Inc. operates and franchises two restaurant chains, Jack in the box and Qdoba Mexican Grill in a combined 33 states. The company also operates more than two dozen proprietary convenience stores called Quick Stuff, which include a major-branded fuel station and are developed adjacent to a full-size Jack in the Box restaurant.