2602 NE 238th Dr - Fast Food FOR SALE


Wood Village, OR 97060
$2,385,000 USD
818-907-4696
2602 NE 238th Dr, Wood Village, OR for Sale
$2,385,000 USD
Fast Food - FOR SALE
1/6
null | 6% Cap Rate

2602 NE 238th Dr
Wood Village, OR 97060


HIGHLIGHTS

  • Irreplaceable Location | Property sees 100K+ VPD and is adjacent to a Walmart Supercenter which has over 2.6M annual visitors (Placer AI)
  • Corporate Guarantee | Credit Tenant (NYSE: “JACK”)
  • Longstanding Commitment to Location | Tenant signed a brandnew extension in 2019 with two 5-year options
  • Fee Simple Ownership (Land and Building) | Depreciable asset
  • Excellent Visibility | Property boasts 188’ feet of frontage on 238th Dr. and has multiple points of ingress and egress
  • Recession Proof | Property equipped with drive-thru and open until 1 A.M.

OVERVIEW

CBRE is pleased to present a corporate Jack in the Box for sale, located at 2602 NE 238th Dr in Wood Village, OR. The offering features a 2,854 SF building on a 0.8- acre lot, ideally positioned just off I-84 at the signalized hard corner of NE 238th Dr and Sandy Blvd, which collectively sees over 100,000 vehicles per day (VPD). Jack in the Box benefits from its strategic location adjacent to a Walmart Supercenter that draws approximately 2.6 million annual visitors (Placer AI). The tenant has operated successfully at this location since 2001 and further demonstrated its commitment by signing a 10-year lease extension in 2019. The property is surrounded by major national retailers, including Walmart Supercenter, Starbucks, Kohl’s, Subway, and many more, making it a strong and stable investment opportunity. Amazon has a massive presence in the immediate area (0.1 miles from subject property) with a 120,000 SF warehouse facility that operates 24/7. Just northeast of the property is an 857,000-sf Amazon distribution center on a 73 acre lot and a 460,000-sf FedEx distribution center on a 77 acre lot.

FOR SALE DETAILS

PRICE

$2,385,000 USD

PRICE/SF

$836 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jack In The Box

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

CI

APN/PARCEL ID

R321006

ASK ABOUT THIS PROPERTY

818-907-4696

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818-907-4696

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