Long-Term History, Long-Term Extension – With over 34 years of history at this location (since 1991!), Jack in the Box extended its lease for a additional 10-year term in 2014 with 3 additional 5-year options, demonstrating the tenant’s commitment to this location and its ongoing viability. Current lease term expires 4/25/2029 with two 5 year options. Attractive Rental Increases – The lease is structured with CPI rental increases every 5 years not to exceed 10% an attractive investment attribute providing income growth and inflation hedge. Great Location – Located in main retail corridor surrounded by Major retail tenants such as Walmart, Home Depot, Walgreens, Starbucks, Albertson’s, Aldi, Planet Fitness, Ross.