Jack in the Box NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Jack in the Box

Last Year Cap

6.0%

This Year Cap

6.4%

Cap Change

0.4%

Last Year Rating

BB-

This Year Rating

BB-

Rating Change

No change

Jack in the Box – NNN Cap Rate Trend

Cap Rate Trends

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at Tenant Year Cap Rate
5779 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,020 6.5
5780 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,021 6.3
5781 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,022 6.0
5782 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,023 6.3
5783 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,024 6.6
5784 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,025 6.6
Tenant Year Cap Rate

Credit (what net-lease buyers care about)

Credit Snapshot

Jack in the Box

Cap Rates NNN
Last Year 6.0%
This Year 6.4%
Change 0.4%
S&P Rating CREDIT
Last Year BB-
This Year BB-
Change No change

Jack in the Box Net Lease: Secure, Essential Investment

Jack in the Box is a nationally recognized quick-service restaurant brand and a common net lease tenant. This guide reviews cap rates, lease terms, tenant profile, and key due diligence considerations for buyers and sellers.

For 1031 exchange buyers, Jack in the Box Ground Lease Properties are important to compare against fee simple Jack in the Box assets, as lease structure can materially impact pricing, financing, and long-term resale value.

Investors often target Jack in the Box assets for:

  • Stable Income Potential
  • Strong Quick-Service Restaurant Demand
  • Established Brand Recognition
  • Attractive 1031 Exchange Compatibility

Jack in the Box Ground Lease Properties require close comparison of rent escalations, remaining lease term, extension options, and residual land value versus fee simple ownership.

Jack in the Box Ground Lease Properties for 1031 Exchange Buyers

Jack in the Box Ground Lease Properties often trade differently than fee simple Jack in the Box assets. Buyers should carefully evaluate lease structure, remaining term, renewal options, landlord responsibilities, and reversionary land value to understand long-term risk and return.

Jack in the Box – Credit Trend (S&P vs Moody’s)

Tenant_Rating_Trend

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank
1 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2022 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
2 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2023 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
3 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2024 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
4 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2025 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
5 admin2 2025 03:43 PM admin2 2025 03:43 PM 99centsonlystoresllc 99 Cents Only Stores, LLC 2022 Caa2 CCC+ Substantial Risk Substantial Risk 2 2
TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank

Jack in the Box Stock Price (NASDAQ:JACK)

Jack in the Box Investment Market Statistics

AVERAGE SALE PRICE

$3,000,000

BUILDING SIZE

1,800 – 3,000 SF

AVERAGE NOI

$180,000

LAND

1,800 – 3,000 SF

$/SF RANGE

$700 – $1,300

LEASE TERM SHOWN

20 years

Jack in the Box Investor Snapshot (Quick Facts)

Origins & Growth (Past)

  • Founded as Jack in the Box in 1951 in California
  • Introduced innovative drive-thru restaurant concept early on
  • Focused on fast, convenient quick-service meals
  • Expanded rapidly through franchising and corporate growth
  • Established a strong presence across the western and southern U.S.
  • Diversified menu beyond burgers to include tacos, breakfast, and late-night offerings
  • Became a well-known brand in the U.S. quick-service restaurant sector

Where Jack in the Box Stands Today

  • Strong U.S. footprint with regional concentration
  • Established player in the quick-service restaurant (QSR) sector
  • Consistent customer traffic driven by value and menu variety
  • Primarily franchise-driven operating model
  • Broad menu offerings including burgers, tacos, and breakfast
  • Growth in digital ordering and delivery channels
  • Focus on operational efficiency and margin improvement

Where Jack in the Box Stands Today

  • Expanded menu innovation
  • Increased operational efficiency
  • Digital ordering and delivery growth
  • Stronger customer engagement and loyalty focus
  • Optimized restaurant formats and drive-thru efficiency
  • Growth in late-night and value-oriented offerings
  • Steady demand supported by QSR industry trends

Why investors buy Jack in the Box NNN Properties or Jack in the Box ground Lease Properties?

Pros (what buyers like)

  • Jack in the Box brand strength
    Nationally recognized QSR brand with long operating history and consistent unit-level performance
  • Strong quick-service demand
    Drive-thru and value-oriented menu drive repeat, needs-based traffic across cycles
  • Prime retail locations
    Many sites are located on hard corners, signalized intersections, and high-traffic corridors
  • Attractive lease structures
    Long-term NNN or ground leases are common, appealing to passive and 1031 exchange buyers

Cons (what can bite you)

  • Lease structure variability
    Some deals are NN or modified NNN, with landlord responsibility for roof, structure, or site components
  • Franchisee credit risk
    Lease guarantor strength may vary depending on the operator rather than the corporate entity
  • Flat or limited rent growth
    Rent escalations may be minimal or tied to option periods
  • Re-tenanting risk
    Single-tenant QSR layouts can limit reuse if the property becomes vacant

Find out more

Jack in the Box Background & History

Jack in the Box is a national quick-service restaurant brand best known for its diverse menu, drive-thru convenience, and value-oriented offerings. What began as a single hamburger stand evolved into a well-known QSR concept focused on speed, variety, and accessibility.

Over time, the brand built a strong regional footprint and expanded across multiple U.S. markets. Today, customers rely on Jack in the Box locations for burgers, tacos, breakfast, and late-night meals, supported by drive-thru, takeout, and delivery formats.

As consumer preferences shifted toward convenience and speed, the brand adapted through menu innovation, extended hours, and operational efficiencies that support high transaction volumes.

Why Jack in the Box Matters to NNN Investors

Today, Jack in the Box operates a large network of restaurants across the United States, serving consistent customer traffic. The business model is centered on repeat visits, value-driven dining, and locations positioned along high-traffic corridors and commuter routes.

Many locations benefit from drive-thru service, which helps drive steady traffic and supports off-premise dining trends. In addition, the brand continues investing in digital ordering, delivery platforms, and menu innovation to support unit-level performance.

This focus on convenience-driven dining helps explain why Jack in the Box remains relevant even as consumer habits evolve. Operators continue adapting restaurant formats and operations to align with changing customer preferences and mobility patterns.

What Buyers and Sellers Should Evaluate

For investors evaluating Jack in the Box NNN properties, a Jack in the Box net lease, or a Jack in the Box ground lease, the investment thesis is typically centered on QSR demand supported by real estate fundamentals. As a result, buyers often place greater emphasis on lease structure, site quality, and operator strength than on brand recognition alone.

Common searches include Jack in the Box real estate, Jack in the Box cap rate, Jack in the Box lease term, Jack in the Box tenant credit, and franchise vs. corporate store performance. Ultimately, Jack in the Box net lease value is driven by site-specific factors, lease economics, and how the location fits within the brand’s broader network.

As consumer habits continue to evolve, the strongest locations tend to be those that remain competitive within their trade areas. Buyers and sellers should therefore evaluate each property individually, including ingress and egress, visibility, traffic counts, surrounding population, drive-thru functionality, competition, and lease language that defines landlord responsibilities.

In addition, investors should consider long-term cash-flow durability, franchisee credit strength, and how the asset may perform across different hold periods and exit strategies.

our team of experts are here for you

Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.

Whether you are comparing Jack in the Box ground lease properties or fee simple Jack in the Box assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.

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