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1825 SE Santiam Hwy
Albany, OR 97321
Jack in the Box - Albany · Retail Property For Sale
Executive Summary
CORPORATE QSR GROUND LEASE INVESTMENT
The Offering provides the opportunity to acquire a Jack in the Box ground lease pad located within
Albany’s primary retail corridor. Jack in the Box has operated at the Property since the building’s construction
in 2003 and continues to demonstrate strong performance at this location, with a 22% year-over-year
increase in annual visits (per Placer.ai). Tenant reports sales as well.
The Property operates under a long-term ground lease structure, whereby the tenant owns and maintains
the improvements, resulting in stable, passive income with minimal landlord responsibility. Current ground
rent of $2.49/SF ($72,702 annually) is approximately 30% below market, providing embedded upside
through CPI-based growth at the 2028 extension and a fair market rent reset in 2033.
The site is strategically located near the Pacific Boulevard / Santiam Highway interchange, with direct
connectivity to Interstate 5, benefiting from strong visibility and regional traffic exposure within the
Willamette Valley.
The Offering provides the opportunity to acquire a Jack in the Box ground lease pad located within
Albany’s primary retail corridor. Jack in the Box has operated at the Property since the building’s construction
in 2003 and continues to demonstrate strong performance at this location, with a 22% year-over-year
increase in annual visits (per Placer.ai). Tenant reports sales as well.
The Property operates under a long-term ground lease structure, whereby the tenant owns and maintains
the improvements, resulting in stable, passive income with minimal landlord responsibility. Current ground
rent of $2.49/SF ($72,702 annually) is approximately 30% below market, providing embedded upside
through CPI-based growth at the 2028 extension and a fair market rent reset in 2033.
The site is strategically located near the Pacific Boulevard / Santiam Highway interchange, with direct
connectivity to Interstate 5, benefiting from strong visibility and regional traffic exposure within the
Willamette Valley.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,000 SF
Building Class
C
Year Built
2003
Price
$1,760,312 CAD
Price Per SF
$586.77 CAD
Cap Rate
5.80%
NOI
$102,098 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.67 AC
Opportunity Zone
Yes
Frontage
45’ on Santiam Way
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 0879830 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,348,291 CAD |
Property Taxes
Parcel Number
0879830
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,348,291 CAD
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