8307 Page Ave
University City, MO 63130
Jack in the Box · Retail Property For Sale

The subject property is a freestanding NNN Jack in the Box double drive-thru store located at a signalized intersection on the corner of Page Avenue and North and South Road in Vinita Park, MO, which is located approximately 13 miles northeast of St. Louis. The Jack in the Box is located approximately 1 mile off Interstate 170 where there is a Home Depot, Schnucks/Marshalls center, Planet Fitness and Advance Auto Parts. Traffic generators in the immediate area around the Jack in the Box include: O’Reilly, Discount Tire, Mobil, Family Dollar, Washington Elementary School, and Saint Rita Catholic Church. But the area generates most of the traffic from the large industrial park immediately adjacent to Jack in the Box, which includes facilities such as: FedEx, US Foods, Schnucks, Cardinal, Office Essentials, Dr. Pepper/Snapple, Oberweis Dairy, and Steris. The area around the Jack in the Box is densely populated, with over 11,000 residents in the 1-mile radius, over 117,000 within 3 miles, and nearly 300,000 residents within 5 miles. Also, the average household income in the 3-mile and 5-mile radius is over $74,000. The St. Louis metro is near the geographic center of the United States, within 500 miles of 1/3 of the U.S. population, and has more than 2.9 million residents. St. Louis is highly ranked for its logistics infrastructure, bolstered by its central geographic location and easy access to major waterways, making the city a significant inland port. Also, the region is emerging as a large financial services center with Jones Financial locally headquartered and Reinsurance Group America as a major employer in the area. The metro is expected to add more than 82,000 people through 2022. Jack in the Box (NasdaqGS: JACK) signed an 18-year NNN Lease that will expire in September 2021. The Lease contains three (3), five (5) year options to extend and CPI increases (capped at 7.25%) every 5 years. As of April 15, 2018, Jack in the Box operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. Last year, they reported revenue of $1.5 billion with a net income of $135 million. The company was founded in 1951 and is headquartered in San Diego, California.