ALIVE Commercial Real Estate is pleased to offer this Absolute NNN Corporate Jack in the Box located in Clearlake, CA at a price of $2,022,000 – 5.5% Cap Rate. Jack in the Box has been successfully operating at this location since 2000 and exercised a 10-year extension in 2020, which expires September 29, 2030. There are just over 5.5 years of lease term remaining with 4, 5-year options to follow and 10% increases in each option. Public records indicate the building size to be 2,842 SF situated on a 0.94-acre parcel. The property is located at the southeast corner of Highway 53 and Dam Road, with exposure to approximately 18,000 vehicles per day. Additional tenants in the immediate trade area include Walmart, Tractor Supply, Big 5, California Department of Motor Vehicles, McDonald’s, Starbuck’s, Carl’s Jr. and an ARCO ampm which is currently under construction. In addition, the property is located just south of Adventist Health Clear Lake, Obsidian Middle School and Woodland Community College. Jack in the Box is located in close proximity to Clear Lake, which is the largest, natural freshwater lake in California with 68 square miles of surface area. Known as the Bass Capital of the West, Clear Lake supports a wide variety of fish and attracts fishermen and women from across the United States. As of 2023, the population of Clearlake was estimated to be 16,481 people.