1825 Pacific Blvd SE Albany, OR 97321
Jack in the Box ground lease in Albany's retail corridor.
Lot size:
29,185.00 AcresProperty Features for 1825 Pacific Blvd SE
General Information
- Standard status
- Active
- Lot size
- 29,185.00 Acres
Building Details
- Year built
- 2003
Source:
Crexi
Listing Agency: Northmarq - Seattle Listing Agent: Sean Tufts
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Jack in the Box Ground Lease
This offering presents the opportunity to acquire a Jack in the Box ground lease pad situated within Albany’s primary retail corridor. The property has been occupied by Jack in the Box since its construction in 2003, demonstrating strong performance with a reported 22% year-over-year increase in annual visits. The property operates under a long-term ground lease structure, where the tenant owns and maintains the improvements, providing stable, passive income with minimal landlord responsibility. The current ground rent is $2.49 per square foot, amounting to $72,702 annually, which is approximately 30% below market value. This provides embedded upside through CPI-based growth at the 2028 extension and a fair market rent reset in 2033. The site is strategically located near the Pacific Boulevard / Santiam Highway interchange, offering direct connectivity to Interstate 5. This location benefits from strong visibility and regional traffic exposure within the Willamette Valley.
Location Intelligence
Current Use by Public Records
Jack in the Box
Restaurant
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Linn
- State
- Oregon
- Longitude
- -123.0829982
- Latitude
- 44.6345586
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Jack in the Box ground lease in Albany's retail corridor.
Where is this drive through restaurant located?
The property is located at 1825 Pacific Blvd SE Albany, OR.
What are key features of this property?
This property features: - Long-term ground lease structure provides stable, passive income.; - Jack in the Box has operated at the property since 2003 and demonstrates strong performance.; - 22% year-over-year increase in annual visits (per Placer.ai).
