2020 Santiam Hwy, Lebanon, OR 97355-3042

This exceptional investment opportunity presents a chance to acquire a fee-simple interest in a single-tenant, 2,492 square foot Jack in the Box restaurant located in Lebanon, Oregon. The property sits on a 0.52-acre lot at 2020 S Santiam Hwy, boasting excellent visibility on Highway 20 and Airport Road, with a high daily traffic count of 31,457 vehicles. Built in 2011, this property features 27 parking spaces and benefits from a strong location on a major retail arterial, situated directly across from a Safeway and near Lebanon High School, ensuring consistent customer traffic. The property is currently operating under a corporate-guaranteed Absolute NNN lease with Jack in the Box, Inc., offering zero landlord responsibilities. The lease has over 17.5 years remaining, with built-in rent bumps of 10% every five years, the next increase scheduled for 2027. This translates to a projected yield increase of 157 basis points over the primary lease term. The asking price is $2,380,000, representing a 4.75% cap rate. The property's location, strong tenant, and lease terms make this a compelling investment opportunity with significant long-term potential. The property's parcel number is 0206041. This is a single-story building with 100% occupancy.