I found CPI report for the area for 2022 “Over the year, the index for all items less food and energy increased 5.6 percent” (Consumer Price Index, San Diego Area — November 2022Area prices were down 0.7 percent over the past two months, up 6.7 percent from a year ago)The tenants have been there since 2019; we only raised rent once!

I said  jacksonville in my original post as my city doesn't come up Well I don't know about you, but I'm bringing at least 10 years worth of food, water and toilet paper supplies down into my nuclear bunker underneath my house right now!

It caters ti us investors, the others cater to retsil/owners who like the expensive trucks and fancy companies paint job.

Seems if this type of property is in a good location there would be plenty of other franchisee's of the same brand or a different brands standing in line to take that location because there are so many different types a fast food chains/operators that could use the same or close to the same layout. 

That said certainly there are micro niches such as catering to students, elderly and millennials, the latter are a very large group of folks (1982 - 2004 births).  

Val Jaz Clothes thrown everywhere not much you can do, food and beverage yes you can as that leads and attracts rodents.

My reasoning is that this operation, when catering to people who have either just moved into the area and want to rent before they commit to purchase, or people who are temporarily displaced from their own home, requires relatively little more involvement than a long term tenant.  

Assume a 10 block (or so) radius around your building is its "Home Turf".[1] Look for gang graffiti (learn about it online) vs tagging.[2]  Drive the fast foods in that circle around 10:30 pm and note if you (a) feel afraid to go inside, or (b) feel afraid to go through the drive through.[3] Sit in parking lot of a food store and gas stations  around 10:30 pm and note who comes and goes, and note if "Ladies of Ill Repute" or "Dealers of Narcotics" are present.[4] Try to figure out how far "Crime" is from your building (in blocks), because it can and does move over time.

I haven’t seen much information regarding the borrower’s requirements for NNN loans, specifically fast food retail on urban/suburban properties.

The rent cap was waaay too low for anything in a safe neighborhood; virtually nothing on craigslist where landlord accepted sec. 8 and no vacancies in apartment complexes catering to sec. 8.