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Jack in the Box 11630 Hempstead Rd

2,573 SF Retail Building Houston, TX 77092 £1,592,202 (£619/SF) 5.50% Net Initial Yield

Investment Highlights

  • Long-term corporate guaranteed lease by Jack in the Box Inc.
  • Founded in 1951, Jack in the Box is the fifth-largest hamburger quick-service restaurant chain in the US
  • Single story 2,573± square foot with drive thru with ample parking demised on a ±0.74 acre lot
  • Publicly traded company (NASDAQ: JACK) with revenues of $1.55 billion, net income of $135 million, and stockholder’s equity of $200 million
  • Net lease with no Landlord responsibilities
  • Desirable retail location on the hard corner of the signalized intersection of Hempstead Highway and W 34th Street

Executive Summary

Cushman & Wakefield is pleased to present a 2,573 +/- single-story retail building leased to Jack in the Box on a 0.74 +/- acre lot in Houston, Texas with 9 years remaining.
Originally built in 1997, the single-story building features a drive thru and ample on-site parking.
The property is on the hard corner of the signalized intersection of Hempstead Highway and W 34th Street with combined traffic counts over 47,600. Tenants in the surrounding area include Fiesta Mart, Starbucks, Chipotle, Chase, Bank of America, Taco Bell, Wells Fargo, and other national tenants.
The Houston MSA is the fifth largest in the United States with the city itself home to 2.3 million residents. Greater Houston encompasses 10,000 square miles, nine counties along the Gulf Coast in Southeast Texas, and is home to League City, Pasadena, Pearland, Sugar Land, and The Woodlands. Greater Houston has the highest trade export value of all metropolitan areas, accounting for 42% of total exports of Texas. Twenty-six Fortune 500 companies headquarter their organizations in Houston, ranking third among all MSAs.
In cooperation with Kristopher Von Hohn, a licensed TX agent with Cushman & Wakefield.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,573 SF
Year Built
1997
Price
£1,592,202
Price Per SF
£619
Net Initial Yield
5.50%
NOI
£87,558
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.74 AC
Zoning
Commercial

Nearby Major Retailers

Fiesta Mart
La Michoacana Meat Market
Taquerias Arandas
Dutch Bros Coffee
Denny's
Jason's Deli
Regions Bank
Amegy Bank
Starbucks
El Rancho

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1189450010001
Land Assessment
£257,388
Improvements Assessment
£358,034
Total Assessment
£615,422
  • Listing ID: 33641312

  • Date on Market: 25/10/2024

  • Last Updated:

  • Address: 11630 Hempstead Rd, Houston, TX 77092

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