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Jack in the Box 11630 Hempstead Rd

2,573 SF Retail Building Houston, TX 77092 £1,583,242 (£615/SF) 5.50% Net Initial Yield

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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.

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