17607 Farm to Market 1488 Rd | Magnolia, TX 77354
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17607 Farm to Market 1488 Rd
Magnolia, TX 77354
Jack in the Box · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Corporate Absolute NNN Ground Lease features potential upcoming 10% rent increase in August 2024 and (4) 5-year options at 10% increases.
- Jack in the Box reaches a potential customer base of over 32,000 people living within a 5-mile radius, as the closest JIB is located 10 miles east.
- With in-place rent significantly below market, JIB offers tremendous residual value while minimizing long-term risk in the event of re-tenanting.
- Jack in the Box has been at this location since its completion in 2004, which indicates a high likelihood of renewal.
- As a pad site to Magnolia Trace, anchored by Steinhauser’s and Family Dollar, the Property benefits from cross exposure with shoppers.
- Magnolia boasts affluent demographics with average household incomes exceeding $135,000 within 5 miles, 22% higher than the Houston metro average.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,848 SF
Building Class
C
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.86 AC
Parking
18 Spaces (9.74 Spaces per 1,000 SF Leased)
Frontage
343’ on FM 1488 Rd
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 9315-00-00300 | Improvements Assessment | $743,177 |
| Land Assessment | $374,660 | Total Assessment | $1,117,837 |
PROPERTY TAXES
Parcel Number
9315-00-00300
Land Assessment
$374,660
Improvements Assessment
$743,177
Total Assessment
$1,117,837
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