11630 Hempstead HwyHouston, TX 77092

For Sale
$2,018,000

High-yield QSR investment opportunity. Strong tenant, long lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 2,573-square-foot Jack in the Box restaurant situated on a 0.74-acre lot in Houston, Texas. The property, built in 1997, boasts a drive-thru and ample parking, strategically located on a hard corner at the signalized intersection of Hempstead Highway and W 34th Street, benefiting from combined traffic counts exceeding 47,600 vehicles. The absolute NNN lease with Jack in the Box, a publicly traded company (NASDAQ: JACK), extends until May 29, 2033, offering a remaining term of 8.5 years. Rent increases are subject to the lesser of CPI or 8% every five years, ensuring consistent income growth. The property's strong financial performance is reflected in its 5.50% cap rate and a net operating income (NOI) of $110,974, with an asking price of $2,018,000 ($784.30 per square foot). The surrounding area features a robust mix of national tenants, including Fiesta Mart, Starbucks, Chipotle, Chase, Bank of America, Taco Bell, and Wells Fargo, underscoring the location's desirability. The property is conveniently located 11 miles northwest of downtown Houston and a 25-mile (48-minute) drive from George Bush Intercontinental Airport. Within a three-mile radius, the area boasts a population of 148,607 and an average household income of $98,641. This presents a compelling investment opportunity with a stable, high-performing tenant in a prime Houston location.

Highlights

  • Long-term corporate lease with Jack in the Box, Inc.
  • Jack in the Box (NASDAQ: JACK) boasts $1.55B in revenue, $135M net income, and $200M stockholder equity.
  • Established in 1951, Jack in the Box is a top-five US hamburger chain.
  • Net lease; no landlord responsibilities.
  • 2,573± SF single-story building with drive-thru and ample parking on a 0.74± acre lot.
  • High-traffic corner location at Hempstead Hwy & W 34th St (47,600+ vehicles daily).

Property Details for 11630 Hempstead Hwy

Property type
Other retail properties, Restaurants
Square Feet
2,573 SF
Year Built
1997
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.8184196
Longitude
-95.4827051
11630 Hempstead Hwy, Houston, Texas

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11630 Hempstead Hwy
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