11630 Hempstead Rd - Fast Food FOR SALE


Houston, TX 77092- Oak Forest-Garden Oaks
$1,930,000 USD
415-269-0599
11630 Hempstead Rd, Houston, TX for Sale
$1,930,000 USD
Fast Food - FOR SALE
1/7
null | 5.75% Cap Rate

11630 Hempstead Rd
Houston, TX 77092
Oak Forest-Garden Oaks


HIGHLIGHTS

  • Long-term corporate guaranteed lease by Jack in the Box Inc.
  • Publicly traded company (NASDAQ: JACK) with revenues of $1.55 billion, net income of $135 million, and stockholder’s equity of $200 million
  • Founded in 1951, Jack in the Box is the fifth-largest hamburger quick-service restaurant chain in the US
  • Net lease with no Landlord responsibilities
  • Single story 2,573± square foot with drive thru with ample parking demised on a ±0.74 acre lot
  • Desirable retail location on the hard corner of the signalized intersection of Hempstead Highway and W 34th Street

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,930,000 USD

PRICE/SF

$750 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jack in the Box

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

Commercial

APN/PARCEL ID

1189450010001

ASK ABOUT THIS PROPERTY

Andrew BogardusCushman & WakefieldMore Info
415-269-0599

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Andrew BogardusCushman & WakefieldMore Info
415-269-0599

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.