12680 Beechnut StHouston, TX 77072

For Sale
$3,623,650

Jack in the Box/Chevron NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a fee-simple ownership of a 5,120 square foot, multi-tenant retail property in Houston, Texas. The property, built in 2005, features a Jack in the Box and Chevron, operating under an absolute NNN lease with a strong corporate guarantee. The lease, with a remaining term of 2.2 years, includes two 10-year renewal options and fixed 10% rent bumps every five years. Located at 12680 Beechnut St, Houston, TX 77072, on a 1.48-acre lot, the property boasts high visibility from a signalized intersection with significant daily traffic counts. The property's NOI is $217,419, resulting in a 6.00% cap rate, and the asking price is $3,623,650 ($707.74 per square foot). This offering provides a compelling combination of consistent cash flow and value-add potential, making it an attractive investment for discerning buyers seeking a stable, long-term return in a prime Houston location. The property benefits from multiple ingress/egress points and direct visibility from highly trafficked thoroughfares. The tenant's successful operation since 2005 demonstrates a strong commitment to the site and its strategic location. This is a rare opportunity to acquire a multi-tenant net-leased asset in a rapidly growing metropolitan area. The property's service-based nature and the strength of the tenant brands offer resilience against economic downturns and the rise of e-commerce.

Highlights

  • High-visibility corner lot with over 500 feet of frontage on a signalized intersection boasting high traffic counts (Beechnut: ~33,192 ADT, S Dairy Ashford: ~20,133 ADT).
  • Jack in the Box has operated successfully at this location since 2005, demonstrating long-term tenant commitment.
  • Absolute NNN lease with corporate guarantor; owner is free from operating expenses and capital expenditures.
  • Tenant mix of a leading QSR (Jack in the Box) and a multinational energy corporation (Chevron) offers diverse revenue streams and recession-resistant qualities.

Property Details for 12680 Beechnut St

Property type
Other retail properties, Restaurants
Square Feet
5,120 SF
Year Built
2005
Lot Size (sq. ft)
64,469 SF

Location Insight

City
Houston
County
Harris
State
Texas
Latitude
29.68934
Longitude
-95.6036849
12680 Beechnut St, Houston, Texas

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12680 Beechnut St
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