Portfolio of properties for Sale - Mojave River Valley
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)
The offering consists of a leased fee interest in the land only; the tenant owns the building and improvements.
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
Tesla Superchargers in the vicinity of nearby StarBucks parking lot
Beneficiary of Brightline West high-speed rail development
Asset 2: Jack in the Box (Los Angeles, CA)
Fee Simple
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
