JACK IN THE BOX · Jack in the Box Inc., based in San Diego, is a restaurant company that . operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger

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JACK IN THE BOXOFFERING MEMORANDUM | 2020 S SANTIAM HWY | LEBANON, OR

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Kidder Mathews and should not be made available to any other person or entity without the written consent of Kidder Mathews.

This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Kidder Mathews has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies.

EXCLUSIVELY LISTED BY

01EXECUTIVE SUMMARY

The Offering

02PROPERTY OVERVIEW

Property DescriptionProperty DetailsProperty Strengths

03PROPERTY MAPS

Aerial MapRegional MapAmenities Map

04FINANCIAL ANALYSIS

Rent Roll

05TENANT OVERVIEW

EBM Foods, Inc. dba Jack in the Box

06MARKET OVERVIEW

About Lebanon, ORDemographic Highlights

TABLE OF CONTENTS

KIDDER.COM

KELVIN ZHOU

[email protected] N° 02045670

RYAN O'LEARY


JOSHUA BERGER


JUSTIN MENDELSON


32020 S SANTIAM HWY OFFERING MEMORANDUM KIDDER MATHEWS

01EXECUTIVE

SUMMARYTHE OFFERING


Kidder Mathews is pleased to present an Exclusive Investment Offering for a single tenant restaurant building leased to EBM Foods, Inc. dba Jack in the Box (“Tenant”) at 2020 S Santiam Highway, Lebanon, OR 97355 (“Property”).

THE OFFERING

This opportunity consists of a freestanding building leased to EBM Foods, Inc. dba Jack in the Box and is located adjacent to other national tenants along a major thoroughfare. 2020 S Santiam Hwy will provide an investor the opportunity to acquire a 2,390 SF building on 22,651 SF of land.

EXECUTIVE SUMMARY

PROPERTY OVERVIEW

Address 2020 S Santiam Highway Lebanon, OR 97355

Offering Price $1,875,000

NOI $144,020

CAP Rate 7.68%

Total Building SF 2,390 SF

Total Land SF 22,651 SF


02PROPERTY OVERVIEW

PROPERTY DESCRIPTION

PROPERTY DETAILS

PROPERTY STRENGTHS


PROPERTY DETAILS

Address 2020 S Santiam Highway, Lebanon, OR 97355

Building Size 2,390 SF

Land Size 22,651 SF

Year Built 2011

Tenant EBM Foods, Inc. dba Jack in the Box

Percentage Leased 100%

Lease Term 11.5+ years (expires September 26, 2031)

Monthly Rent$12,001.68 $5.02/SF/MO

2020 Annual Rent $144,020

Annual Rent at Next Increase $145,460.20 (September 2020)

Options to Renew (4) 5 year options

Rent Increases in Option Periods

1% Annually

PROPERTY OVERVIEWPROPERTY DESCRIPTION

A free-standing single-tenant property currently leased to EBM Foods, Inc. (Franchisee of Jack in the Box)

Located on a major retail thoroughfare, just off of Interstate 20

Strong street visibility with ample parking

Landscaping in the parking area and adjacent to the building

The Property’s improvements appear to be in good condition and repair


PROPERTY STENGTHS

Franchisee signed lease with a personal guarantee

Newly constructed Property that was built in 2011

Surrounded by national and regional retailers including Taco Bell, Starbucks, Burger King, AutoZone, Safeway, McDonald’s, O’Reillys, Citizens Bank, etc.

Located on a hard corner in a mature area along a main retail throughfare along South Satiam Highway in Lebanon, OR

Only Jack in the Box within a 15 mile radius indication of limited competition

One access point and ingress/egresses on Santiam Highway and one access point on Airport Road

Property is just off Interstate 20 with a daily traffic count of 21,800 vehicles per day

Franchise operating 17+ units in Oregon

Located on a hard corner

Lots of construction/new development in the immediate area

NEW CONSTRUCTION PROTOTYPE

PERSONAL GUARANTEE LEASE


03PROPERTY

MAPSAERIAL MAP

REGIONAL MAP

AMENITIES MAP

S M

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(US

20

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LA

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ON

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AIRPORT RD

AIRPORT RD

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PROPERTY MAPSAERIAL MAP

SUBJECT PROPERTY

2020 S SANTIAM HWY OFFERING MEMORANDUM KIDDER MATHEWS 9

N

SUBJECT PROPERTY

REGIONAL MAP

EUGENE

SALEM

BEND

MEDFORD

PORTLAND

NAMPA

RICHLAND

BOISE

OREGON

Willamette National Forest

Mt. Hood National Forest

Fremont-Winema National Forest

Modoc National Forest

Sheldon National Antelope Refuge

Klamath National Forest

Shasta-Trinity National Forest

Six Rivers National Forest

Malheur National Forest

Umatilla National Forest Payette

National Forest

Umpqua National Forest

YAKAMA INDIAN RESERVATION

WARM SPRINGS RESERVATION

NEZ PERCE RESERVATION

84

82

84


AMENITIES MAP

CASCADES ELEMENTARY SCHOOL

LEBANON HIGH SCHOOL

SHANICO INN

LEBANON ANIMAL

HOSPITAL

LINN LANES BOWLING CENTER

S MAIN

ST (U

S 20)

S SECOND S

T

S S

EC

ON

D S

T

RUSSELL DR

WALKER RDFRANKLIN ST

S 5TH

ST

S 7

TH S

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S MAIN

ST (U

S 20)

AIRPORT RD

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SUBJECT PROPERTY



04FINANCIAL

ANALYSISRENT ROLL


RENT ROLL

CURRENT OWNERSHIP OPTION PERIOD

Tenant Building Size % of Total SF Current Lease Term Monthly Rent Rent/SF/Month Annual Rent Option to Renew Rent increases in Option Peiord

EBM Foods, Inc. dba Jack in the Box 2,390 SF 100% 11.5 years $12,001.68 $5.02 $144,020 4 (5) year options 1% Annually

FINANCIAL ANALYSIS


05TENANT

OVERVIEWEBM FOODS, INC. DBA JACK IN THE BOX

ABOUT THE BRAND

Jack in the Box Inc., based in San Diego, is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 21 states. As the first major hamburger chain to develop and expand the concept of drive-thru dining, Jack in the Box has always emphasized on-the-go convenience. Approximately 85 percent of the half-billion guests served annually buy food at the drive-thru or for take-out. In addition to drive-thru windows, most restaurants have indoor dining areas and are open 18-24 hours a day.

LESSEEJACK IN THE BOX

HEADQUARTERSAN DIEGO, CALIFORNIA

NO. LOCATIONS2,200 RESTAURANTS IN 21 STATES

WEBSITEWWW.JACKINTHEBOX.COM

TENANT OVERVIEW

EBM FOODS, INC. DBA JACK IN THE BOX

ABOUT THE LESSEE

Ebm Foods Inc. is regional, 17 unit Jack in the Box franchisee. The Tenant is the primary operator in the Southwest portion of Oregon. The lease will carry a personal guarantee from the franchisee.



06MARKET

OVERVIEWABOUT LEBANON, OR

DEMOGRAPHIC HIGHLIGHTS

ABOUT LEBANON, ORThis is the story of Lebanon, Oregon, most westerly and progressive of all the Lebanons. It is a story of a town founded by American wagon-train pioneers who searched a vast continent for a land where they could build their homes and sink their ploughs.

They found it in late autumn of 1847 when Jeremiah Ralston halted his train of three wagons in what is now Lebanon, Oregon. Jeremiah was the first to map the town and name it. He chose the name because the many cedar trees by the river made him think of the Biblical references to the cedars of Lebanon and partly because of sentiment for his birth place – Lebanon, Tennessee.

From a small timber town in the 1850s to a community today of 15,000 and growing,

Lebanon is the perfect choice for businesses and organizations, from higher education to manufacturing. Located in the western foothills of the cascade mountains, Lebanon is noted for its mild climate and proximity to some of the best skiing, kayaking, and fishing in the Pacific Northwest. Golfers play year around at the beautiful Mallard Creek Championship golf course. The natural beauty of the Willamette Valley, our growing economy, and our quality schools have positioned Lebanon for a bright future.

Lebanon’s parks foster the well-being and health of every citizen. Discover what Lebanon’s parks can offer you. Exercise, play, compete and relax in over 300 acres of well-maintained parks, trails and natural areas. Whether you are looking for recreation, relaxation, fitness activities or taking in some art, Lebanon Parks has something for you. The benefits are endless. (City of Lebanon Oregon, Lebanon Chamber of Commerce & Vistors Center)

25,943 2019 5-MILE TOTAL POPULATION

13.82% 2010-2019 POPULATION GROWTH

7.87% 2019-2024 PROJECTED GROWTH

39.80 2019 3-MILE AVERAGE AGE

$62,384 2019 5-MILE AVG HOUSEHOLD INCOME

8,500 TRAFFIC COUNT AIRPORT RD & LARSON LN

DEMOGRAPHIC HIGHLIGHTS

MARKET OVERVIEW


KIDDER.COM

EXCLUSIVELY LISTED BY

KELVIN ZHOU


JOSHUA BERGER


JUSTIN MENDELSON


RYAN O'LEARY


Documents

JACK IN THE BOX · Jack in the Box Inc., based in San Diego, is a restaurant company that . operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger