MONTEBELLO, CA_____________________________

OFFERING MEMORANDUM

SINGLE TENANT NNN JACK IN THE BOX FOR SALE

MONTEBELLO, CALIFORNIA_________________________________________________________

OFFERING MEMORANDUM

EXCLUSIVELY LISTED

Sarkis Der Sarkissian | President Ara Der Sarkissian | Brokersarkisrealty@sbcglobal.net ara@AraSellsRE.com323.874.5100 323.868.7283BRE License #00284724 BRE #01318747

CONFIDENTIAL OFFERING____________________________________________________________________

The information contained herein does not purport to provide a complete or fully accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective buyers may need or desire. All financial projections are based on assumptions relating to the general economy, competition and other factors beyond the control of the Owner and Broker, and therefore , are subject to material variation. This Marketing Package does not constitute an indication that there has been no change in the business or affairs of the Property or the Owner since the date of preparation of the information herein. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective buyers.

Neither Owner or Broker nor any of their respective officers, Agents or principals has made or will make any representations or warranties, express or implied, as to the accuracy or completeness of the Marketing Package or any of its contents, and no legal commitment or obligation shall arise by reason of the Marketing Package or its contents. Analysis and verification of the information contained in the Marketing Package is solely the responsibility of the prospective buyer, with the property to be sold on an as-is, where-is basis without any representations as to the physical, financial or environmental condition of the Property.

Prospective purchasers of the Real Estate are advised (i) that changes may have occurred in the condition of the Real Estate since the time of this Offering Memorandum or the financial statements therein were prepared and that (ii) all financial projections are provided for general reference purposes only in that they are based on assumptions relating to the general economy, competition and other factors beyond the control of Broker and, therefore, are subject to material variations. Prospective purchasers of the Real Estate are advised and encouraged to conduct their own comprehensive review and analysis of the Real Estate.

Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and/or terminate discussions with any entity at any time with or without notice. Owner has no legal commitment or obligations to any entity reviewing this Marketing Package or making an offer to purchase the Property unless and until such sale of the Property is approved by Owner in its sole discretion, a written agreement of purchase of the Property has been fully delivered, and approved by Owner, its legal counsel and any conditions to the Owner’s obligations thereunder have been satisfied or waived.

This Marketing Package and its contents, except such information which is a matter of public record or is provided in sources available to the public (such contents as so limited herein called the “Contents”), are of a confidential nature. By accepting this Marketing Package, you unconditionally agree that you will hold and treat the Marketing Package and the Contents in the strictest confidence, that you will not photocopy or duplicate the Marketing Package or any part thereof, that you will not disclose the Marketing Package or any of the Contents to any other entity (Except in the case of a principal, who shall be permitted to disclose to your employees, contractors, investors and outside advisors retained by you, or to third-party institutional lenders for financing sought by you, if necessary, in your opinion, to assist in your determination of whether or not to make a proposal) without the prior authorization of the Owner or Broker, and that you will not use the Marketing Package or any of the Contents in any fashion or manner detrimental to the interest of the Owner or Broker.

LOCATION_________________________________________________________________________________________________

Jack in the Box, Inc (Corporate Owned)892 N. Garfield Ave.Montebello, CA. 90640

INVESTMENT SUMMARY_________________________________________________________________________________________________

Price: $1,900,000

NOI $95,166.50*

Capitalization Rate: 5.00%*

Year Built / Remodeled 2005 / 2009

Total Rentable SF: 2,500

Lot Parcel Size: 12,000 SF

APN: 526-8001-046

Original Lease Term: 20 Years

Lease Term Remaining / Renewal Options: 5 Years (4 - 5 Yr Options @ 10% Each)

Lease Commence: 10/01/2004

Lease Expire: 9/30/2024

* NOI and Cap Rate are based on Rent effective October 2019.

INVESTMENT SUMMARY

The subject property is a 2,500 square foot Jack in the Box fast food restaurant located on a 12,000 square foot lot in the city of Montebello, CA. The property is currently leased to Jack in the Box, Inc. under a 20 year NNN lease that commenced in 2005. The lease includes fixed rent increases of 10% every five years and during the four 5-year options to renew. The property was constructed in 2005 and remodeled in 2009 to its new look. It is located on a signalized corner lot at the intersection of North Garfield Ave. and Via Campo just off the 60 freeway. The intersection boasts traffic counts in excess of 37,000 vehicles/day. The subject property has reciprocal parking with the adjacent bank.

This Jack in the Box is located adjacent to a retail strip with East West Bank and area tenants include a Ford Dealership, Denny’s, Albertson’s, CVS, Ross, Del Taco, Office Depot, Bank of America, Union Bank, Hometown Buffet, and numerous other retailers. The Montebello Country Club and multiple residential properties are nearby.

Montebello is located near the center of the Los Angeles metropolitan complex. The industrial heart of the Western United States swings out 40 miles to the west and 50 miles to the east, providing communication, transportation, technology, finance and labor as well being its own best consumer market.

Montebello is ringed by freeways and has become a center for the trucking and specialty vehicle industry. Wheels, engines, underbodies, refrigerated trucks, campers and truck trailers are all manufactured in Montebello.

INVESTMENT HIGHLIGHTS

TENANT SQUARE LEASE LEASE ANNUAL RENT LEASEFOOTAGE START EXPIRATION RENT INCREASES TYPE

_________________________________________________________________________________________________

Jack in the Box 2,500 9/30/2004 9/30/2024 $95,166.50 10% Every NNN(Corporate) (Effective 10/1/19) 5 Years

_________________________________________________________________________________________________

TOTAL BUILDING: 2,500

MONTHLY RENT SCHEDULE

***Additional income from interest in surrounding parking lot. Contact Broker for details.***

RENT ROLL - JACK IN THE BOX

The information contained herein has been obtained from sources we deem reliable. We cannot assume responsibility for its accuracy.

LEASE YEARS ANNUALBASE RENT

16-20 $95,166.50

First Option Period $104,683.15

Second Option Period $115,151.46

Third Option Period $126,666.60

Fourth Option Period $139,333.26