Corporate Jack in the Box
Houston, TX
Price: $2,270,000Cap Rate: Building SF: 2,633 SFLot Size: 38,742 SFYear Built: 2000Status:
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Investment Highlights: 

Strong Corporate Guaranty – The lease is guaranteed by Jack in the Box, Inc. (S&P: BB-); one of the nation’s premier Fast Food companies with over 2,200 locations.

Recent Lease Renewal -Jack in the Box just commenced a new 12-year lease renewal that includes (4) 5-year options.

Absolute NNN Lease -The Absolute NNN lease gives the Landlord zero management responsibilities, offering an excellent passive investment.

Rent Growth -The lease provides for rent increases according to CPI (9% max) every five years in the primary term and option periods providing an investor with excellent rent growth.

Hard Corner Location with Excellent Access/Visibility – The subject property sits on the signalized hard corner of N. Eldridge Pkwy and Tanner Rd (combined 48,000 cars per day) with multiple access in/out of the property.

Limited Competition in the Surrounding Area – The immediate area features limited Quick Service Restaurant options allowing the Jack in the Box location to capitalize on the surrounding retail consumer and residential populations.


Ryan Barr

rbarr@lee-associates.com
O. 760.448.2446
F. 760.929.9977

Ryan Bennett

rbennett@lee-associates.com
O. 760.448.2449
F. 760.929.9977