Rancho Cucamonga, CA – October 18, 2021 – Mike Lin, VP of Investment Sales at Progressive Real Estate Partners, recently represented a private San Gabriel based investor in the $2.7M purchase of a Single Tenant NNN Jack in the Box Drive-Thru restaurant located at 101 W. Foothill Boulevard in Pomona, CA.
Jack in the Box has been in operation for 30+ years at this location. Originally built in 1976, the property underwent a major renovation in 2020 to reflect the current store branding. The property is on a corner lot at the signalized intersection of Foothill Boulevard and Garey Avenue with average daily traffic counts of 26,000+ cars per day. Other retailers at the intersection include Superior Grocers, O’Reilly Auto Parts, Carl’s Jr., Papa John’s Pizza and Chevron Gas.
Based in San Diego, Jack in the Box is one of the nation’s largest fast food hamburger chains, with more than 2,200 restaurants in 21 states and Guam. For more information on Jack in the Box, visit www.jackinthebox.com.
This listing represented an attractive opportunity for the buyer to acquire a corporate guaranteed single tenant asset in LA County with a strong operating and sales history with no landlord responsibilities.
To learn more about this transaction OR for a complimentary opinion on the value of your retail property you can reach Mike at 949.209.9696 or email@example.com. Mike also provides regular updates about SoCal’s commercial real estate market on his YouTube channel.
About Progressive Real Estate Partners
Progressive Real Estate Partners (PREP) is a boutique commercial brokerage firm headquartered in Rancho Cucamonga, California. Founded in 2008, the firm specializes in the leasing and sale of retail properties in Southern California’s Inland Empire market. The office is also the exclusive Inland Empire representative of the Retail Brokers Network (RBN). Since the firm’s inception Progressive has completed over 1,200 lease and sales transactions valued at more than $1.8B in 35+ cities throughout the region. Progressive uses the latest marketing and brokerage techniques to help retailers and property owners achieve their commercial real estate goals.