Lyon Stahl is pleased to present a single-tenant Jack in the Box at 46351 Mission Blvd in Fremont, California, offered at $2,865,000 with a 4.75% cap rate and $136,116 in annual net operating income. The property is secured by a corporate-guaranteed absolute NNN lease, with the tenant responsible for all expenses including roof and structure, providing truly passive income. The tenant recently exercised the first five-year option, and the lease expires on March 31, 2030, leaving approximately 4.5 years remaining as of August 2025. There are two additional five-year options with 10 percent rent increases every five years, ensuring built-in income growth. The property is located at a signalized hard corner with excellent access and visibility, benefiting from traffic counts of approximately 69,039 vehicles per day on Mission Blvd and 118,380 vehicles per day on I-680. It serves a dense and affluent trade area with more than 245,000 residents within a five-mile radius and average household incomes exceeding $215,000. Restrictive local zoning limits new drive-thru development in the area, protecting the site’s long-term value and competitive position. This location has a decades-long operating history and is positioned in the heart of the East Bay’s Silicon Valley corridor, minutes from major employment hubs such as the Tesla Gigafactory, technology campuses, and life science and clean technology employers. The property’s strategic location offers convenient access to San Jose, Oakland, and San Francisco, supported by strong regional economic fundamentals and high barriers to entry. The asset features a 3,008-square-foot building on a 41,663-square-foot lot and was built in 1986.