1765 W Mount Houston Rd
Houston, TX 77038
Jack In The Box - UNDER CONTRACT · Retail Property For Sale

Currently Under Contract Investment Description The subject property offers an investor a secure corporate backed lease with Jack in the Box, Inc. Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, California, is a quick service hamburger chain that operates and franchises over 2,200 Jack in the Box restaurants in 21 states across the country, concentrated in California and Texas. The company reported FY 2017 earnings of $138.3 Million, a $12 Million increase over FY 2016.  This Jack in the Box has operated successfully at the location since June 2001. As the end of their original 18-year term approaches in May 2019, the tenant already executed their first 5-year renewal option, making the lease maturing in May 2024. This reflects their commitment to the site and perceived long-term profitability at this location. The lease features rent increases in the 3rd year, amount equal to CPI in the Primary Term and the (3) 5-year option periods; the next increase is in May 2021. The Absolute Triple-Net (NNN) nature of the lease requires the tenant pay for all expenses and building related costs, relieving a potential investor of any landlord responsibilities.  Location The site is located on the hard corner signalized intersection of West Mount Houston Rd (249) & Veterans Memorial Dr., offering outstanding visibility to combined with quick in/out access. This Jack in the Box is surrounded by McDonald's, Burger King, Popeyes Louisiana Kitchen, Little Caesars Pizza, Subway, Domino's Pizza and Walgreens. Houston, Texas is the fourth most populous city in the United States.