Tenant Description

In-N-Out Burger is an regional chain of fast food restaurants with locations primarily in the American Southwest and Pacific coast. Founded in Baldwin Park, California in 1948 by Harry Snyder and Esther Snyder, the chain is currently headquartered in Irvine, California and has slowly expanded outside Southern California into the rest of California, as well as into Arizona, Nevada, Utah, Texas, and Oregon. As the chain has expanded, it has opened several distribution centers in addition to its original Baldwin Park location. The new facilities, located in Lathrop, California, Phoenix, Arizona, Draper, Utah and Dallas, Texas, will provide for potential future expansion into other parts of the country. In January 2015, In-N-Out opened its 300th restaurant, which was located in Anaheim, California. At the time of the opening, the company had generated $558 million in annual sales and employed nearly 18,000 in California, Nevada, Utah, Texas and Arizona. The company opened its first location in Oregon on September 9, 2015 in Medford, Oregon, the first in the state. It is supplied from the Lathrop, California distribution center that was completed in 2006. A second Oregon location was under construction in Grants Pass during September 2017. On November 30, 2017, the company announced plans to build a production facility and distribution center in Colorado Springs, ahead of an expansion into Colorado, which is scheduled to be completed in 2021.

In-N-Out Burger has resisted franchising its operations or going public; one reason is the prospect of quality or customer consistency being compromised by excessively rapid business growth. The company’s business practices have been noted for employee-centered personnel policies. For example, In-N-Out is one of the few fast food chains in the United States to pay its employees more than state and federally mandated minimum wage guidelines – starting at US$11 per hour in California as of May 2017. The In-N-Out restaurant chain has developed a highly loyal customer base, and has been rated as one of the top fast food restaurants in several customer satisfaction surveys.

PROSCONS
  • Under Construction
  • Under Construction
  • Development Criteria Highlights

    • Traffic: 50,000+ average daily traffic at site
    • Population: 60,000+ (trade area)
    • Median Income: $45,000+ (trade area)
    • Lot Size: 45,000+ SF
    • Building Area: Approximately 3,800 SF
    • Seating Capacity: 75 seats inside, 20 Seats outside
    • Minimum Parking Required: 45 spaces
    • Minimum Drive-Thru Stacking: 12+ cars
    • Preferred Sites: Dynamic, high activity areas near retail mass, freeway locations, major intersections, and commercial shopping center pads
    • Signage: Prominent pylon sign on major arterial
    • Zoning: Commercial with usage for fast food drive-thru, permitting hours of operation from 10:30am to 1:30am, 7 days a week
    • Attributes: High visibility, easy ingress/egress, ability to use our “classic” image
    • Deal Structure: Option 1 – Purchase; Option 2 – Ground Lease (with option to purchase)




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