Jack in the Box Corp
1480 Grand Parkway
Katy, TX 77494
Price: $2,215,000Cap Rate: 5.15%NOI: $114,048Building SF: 2,867 SFLot Size: 26,040 SFYear Built: 2001Status: Available
Brand New Early Lease Extension During COVID-19
- Jack in the Box Inc. recently exercised its first option, one year early, showing their dedication to this location.
- Landlord was able to negotiate a longer extension providing 7 years of firm term.
Nearly 20-Year Successful Operating History
- Jack in the Box Inc. has been operating at this location since 2001, when the original developer did a build a suit for them from the ground up.
- Jack in the Box has more than 2,200 restaurants in 21 states
- 85% of the half-billion guests served annually are buying food at the drive thru or take out
- Tenant provides an Essential Service and has remained open for business and paying rent.
Ideally Located In Front of Kroger Grocery Anchored Shopping Center
- Strong retail center with a number of nationals including Subway, Domino’s Pizza, KFC and Murphy Oil Gas Station
Densely Populated Houston MSA with Exceptional Demographics
- 235,654 people in the 5-mile radius
- 23% growth in last 5 years
- $168,634 average household incomes
Passive NNN Investment With ZERO Landlord Responsibilities
- Ideal “hands-free” investment opportunity – absolutely no landlord obligations, including roof and structure.
- True Absolute NNN lease
Well Located along Grand Parkway Near Major Interstate
- Located along major thoroughfare through Katy with over 130,000 CPD along Grand Parkway
- Access to Interstate 10, less than one mile from the subject property, which takes commuters directly to downtown Houston – less than 30 minutes away
Strong Investment Fundamentals
- Long term lease in place, good real estate and solid corporate tenant guarantor.
Ideal 1031 exchange property.