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A Jack-in-the-Box property in Mission Viejo has traded hands for $1,374 per square foot, the highest price for a Jack-in-the-Box-occupied single-tenant retail property in the last 12 months.

The 2,759-square-foot property traded hands for $3.79 million. The sale had a closing cap rate of 4.5%.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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