Listed by Summit Real Estate
$1,265,000
Jack In The Box
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,040
Cap Rate 6.00%
NOI $75,964
Occupancy 100%
Tenancy Single
Brand/Tenant Jack in the Box
Lease Type Absolute NNN
Lease Term 23.5
Lease Expiration 04/11/2029
Remaining Term 2.8
Rent Bumps No
Price per SqFt $620
Broker Co-Op Yes
Year Built 1970
Buildings 1
Stories 1
Acreage 0.420
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/03/2005
Absolute NNN | Signalized Hard Corner | 6.00%
Marketing description
- 100% leased Jack in the Box at 5316 Antoine Dr in Houston, TX
- strong national tenant with 2,200+ locations and 70+ years in business
- NNN lease with tenant responsible for roof and structure
- signalized hard corner with great visibility and easy access
- high traffic area with over 30,000 vehicles per day nearby
- dense population with over 350,000 people within 5 miles
- surrounded by national retailers and active retail corridor
- located in Houston, one of the fastest growing and most diverse economies in the U.S.
Investment highlights
- established QSR asset with long operating history at this location
- corporate-backed tenant with strong brand recognition
- below-market rent potential as lease approaches rollover
- functional freestanding building with drive-thru configuration
- excellent ingress/egress at a busy intersection
- consistent consumer demand driven by surrounding rooftops
- located within a mature, high-performing retail node
- limited nearby competing pad opportunities
- favorable rent escalations built into renewal options
- opportunity to mark rents to market and increase yield
Listing Contacts
Listed by Summit Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,964.00
$6,330.33/mo
Valuation Metrics
0
DSCR
6.01%
Cap Rate
6.01%
ROI
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