13561 Whittier Blvd Whittier, CA 90605-1935
- Drive through restaurants
- 2,316 SF
- 0.72 lot acres
Current Use by Public Records
- Jack in the Box / Delivery Restaurant / Mexican Restaurant
Property Details for 13561 Whittier Blvd
- Year built
- 1978
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.72 lot acres
- Property size
- 2,316 SF
- Zone code
- WHC2*
- Property type
- Drive through restaurants
- APN
- 8142-027-030
- APU
- 8142027030
Description
This exceptional investment opportunity presents a fee-simple ownership of a Jack in the Box restaurant located at 13561 Whittier Blvd, Whittier, CA 90605. The property, built in 1978 and totaling 2,316 square feet, boasts a strong 100% occupancy rate with a new corporate-guaranteed 20-year absolute triple-net (NNN) lease. The lease includes a significant rent bump of 10% every five years, providing substantial long-term growth and a hedge against inflation. The current Net Operating Income (NOI) is $149,175, yielding a 4.25% cap rate on the asking price of $3,507,000. The tenant, Jack in the Box, will be investing approximately $500,000 in remodeling the site prior to lease commencement. The lease also includes six, five-year renewal options, ensuring long-term stability. This property is ideally situated in a high-traffic area with over 45,500 vehicles passing daily and a population of over 31,000 residents within a one-mile radius. The property is a prime example of a low-management, high-return investment, perfect for a 1031 exchange. The absence of a ground lease further enhances the investment's appeal.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,165,000
- 6.5%
- $3,420,000
- 7%
- $3,130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,470,000
- Geo Method
- $2,825,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,670,000
- Retail
- $3,015,000
- Mixed-Use
- $3,020,000
- Hospitality
- $2,755,000
- Educational
- $3,380,000
- Residential Income
- $3,030,000
- Energy
- $3,450,000
- Income-Based Land
- $3,735,000
- Food Service
- $3,535,000
Location Insight
- Map
- Local Demand
- City
- Whittier
- County
- Los Angeles
- State
- California
- Longitude
- -118.03
- Latitude
- 33.962
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
