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Investment Highlights

  • Income Stability. Corporate-backed ground lease (BJ’s) anchors the portfolio. Long-term predictable income stream.
  • Geographic & Asset Diversification. Exposure to both dense urban Los Angeles and high-growth Victor Valley. Mitigates concentration risk.
  • Yield Enhancement. Jack in the Box asset increases overall return profile. Higher cap rate offsets lower-yield ground lease.
  • Embedded Growth Catalysts. Infrastructure-driven growth (Brightline West rail). Residential expansion in Victor Valley. Long-term land value in LA.

Executive Summary

Two-Tenant Net Lease Portfolio | BJ’s & Jack in the Box | Diversified Income | 4.00% Cap
This offering presents a rare opportunity to acquire a two-property net lease portfolio featuring nationally recognized tenants BJ's Restaurants, Inc. and Jack in the Box Inc., combining stable long-term income with urban infill upside.
The portfolio consists of:
A corporate-guaranteed absolute NNN ground lease in Victorville, CA
A high-yielding infill Los Angeles drive-thru asset
Together, the assets deliver a blended NOI of $310,244 at a 4.00% capitalization rate, offering investors both income security and growth potential.
Portfolio Summary
Total Price: $7,750,000
Combined NOI: $310,244
Cap Rate: 4.00%
Two Single-Tenant Net Lease Assets
Diversified Geography: Los Angeles (urban infill) + Victor Valley (high-growth corridor)
Asset 1: BJ’s Restaurant & Brewhouse (Victorville, CA)
Absolute NNN ground lease (zero landlord responsibility)
Corporate guarantee (NASDAQ: BJRI)
~10 years remaining on initial lease term
CPI-based rent increases every 5 years
Located in dominant regional retail corridor near I-15
Beneficiary of Brightline West high-speed rail development
Asset 2: Jack in the Box (Los Angeles, CA)
NNN lease with 4.77% cap rate
Prime infill Los Angeles location
Drive-thru asset with strong residual land value
Large parcel (20,654 SF) with flexible zoning (LCC3)
Near USC Medical Center and Cal State LA
Multiple lease options extending potential occupancy

Property Facts

Price $10,735,610 CAD
Price / SF $1,134 CAD / SF
Sale Conditions
1031 Exchange
  • Ground Lease (Leased Fee)
  • Bulk/Portfolio Sale
Cap Rate 4%
Sale Type Investment NNN
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 9,463 SF
Total Land Area 1.83 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Jack In The Box
4253 E Cesar E Chavez Ave, Los Angeles, CA 90063
Retail 1,938 SF 1969 -
BJ's Brewery
11600 Amargosa Rd, Victorville, CA 92392
Retail 7,525 SF 2016 -
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  • Listing ID: 39926473

  • Date on Market: 2026-03-26

  • Last Updated:

  • Address: BJ’s & Jack in the Box NNN Portfolio, Los Angeles, CA

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