JACK IN THE BOX

INVESTMENT HIGHLIGHTS

• Core East Austin Asset – Located along Airport Boulevard a main North/South thoroughfare of historic East Austin. The subject property has heavily benefited in its position among one of the highest growth areas in the Austin MSA. Demonstrated by the greater than 2,000 newly developed multi-family units delivered within a 1-mile radius of the subject property since 2020. Additional to 595 units currently under construction and a further 540 units with permitting approval.
• Committed Tenant – Jack in the Box who has operated from this location since its construction in 2000, just exercised their send of four option periods. Demonstrating a longstanding commitment to continued operations at this location.
• Below Market Rent – Tenant’s scheduled rent at this location falls well below both the average market rent of the local Austin market and the national average rent for Jack in the Box locations.
• Corporate Guaranteed Ground Lease – Tenant operates the subject property under a Ground Lease agreement guaranteed by its corporate identity “Foodmaker Inc”.
• Signalized Hard Corner – Subject property further benefits through its position on a signalized hard corner with ingress/egress access to both Airport Blvd & Oak Springs Dr, providing full access to traffic flows in excess of 36,204 VPD.
• Qualified Opportunity Zone – Subject property is within a designated Opportunity Zone.