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Jack in the Box 13351 Briar Forest Dr 2,768 SF Retail Building Houston, TX 77077 $1,663,750 ($601.07/SF) 5.60% Cap Rate
Investment Highlights
- Proven Long Term Absolute NNN Ground Lease - 2.5+ Yrs Primary Term Plus Options
- High Profile Site along Houston’s Energy Corridor - Near Westside High School - Dense Retail
- Rare Houston NNN Price Point - Below-Market Rent - Long Term Upside and Downside Risk
- One of the Best-in-Class QSR Brands Nationally - Strong Corp. Guarantee - (NASDAQ- JACK)
- 4th Most Populous City in U.S. - Huge Population Growth - Home to 23 Fortune 500 Companies
- Iconic American Brand - Path of Growth - Recent Tenant Remodel to Modern Prototype
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire a corporate Jack in the Box ground lease in Houston’s Energy Corridor. Jack in the Box (NASDAQ: JACK) operates over 2,100 locations and has a market cap exceeding $243 million. The absolute NNN lease has 2.2 years remaining in the primary term with four 5-year option periods and 10% rent increases every option period. With no landlord responsibilities and a corporate guaranty, this asset is ideal for an investor seeking hands-off cash flows.
The 2,768 SF quick service restaurant building with drive-thru is positioned on a 0.82-acre parcel and is strategically located near the hard corner signalized intersection of Briar Forest Drive and Eldridge Parkway, which have a combined traffic count exceeding 51,000 VPD. The subject property is located within the Energy Corridor which is Houston’s third-largest employment center behind Downtown and the Texas Medical Center. The district is home to over 300 companies and employs over 105,000 individuals. Several companies including BP America, Shell Oil, Conoco Phillips, CITYGO and Sysco are all headquartered within the district.
Additionally, Jack in the Box is just over a mile from the Ashford Yard Revitalization Project which encompasses over 12 acres and will bring new energy to the neighborhood by creating experiential retail and dining opportunities, luxury apartments and state-of-the-art office spaces. Numerous national retailers surround the subject property including Chick-fil-A, McDonald’s, Chipotle, Starbucks, Kroger, Walmart, Chase Bank, Regions Bank, The Learning Experience and more.
The 2,768 SF quick service restaurant building with drive-thru is positioned on a 0.82-acre parcel and is strategically located near the hard corner signalized intersection of Briar Forest Drive and Eldridge Parkway, which have a combined traffic count exceeding 51,000 VPD. The subject property is located within the Energy Corridor which is Houston’s third-largest employment center behind Downtown and the Texas Medical Center. The district is home to over 300 companies and employs over 105,000 individuals. Several companies including BP America, Shell Oil, Conoco Phillips, CITYGO and Sysco are all headquartered within the district.
Additionally, Jack in the Box is just over a mile from the Ashford Yard Revitalization Project which encompasses over 12 acres and will bring new energy to the neighborhood by creating experiential retail and dining opportunities, luxury apartments and state-of-the-art office spaces. Numerous national retailers surround the subject property including Chick-fil-A, McDonald’s, Chipotle, Starbucks, Kroger, Walmart, Chase Bank, Regions Bank, The Learning Experience and more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,768 SF
Year Built
2008
Price
$1,663,750
Price Per SF
$601.07
Cap Rate
5.60%
NOI
$93,170
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.82 AC
Amenities
- Signage
- Drive Thru
- Monument Signage
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1213570020007 | Improvements Assessment | $627,126 |
| Land Assessment | $713,920 | Total Assessment | $1,341,046 |
Property Taxes
Parcel Number
1213570020007
Land Assessment
$713,920
Improvements Assessment
$627,126
Total Assessment
$1,341,046
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Jack in the Box | 13351 Briar Forest Dr
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