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    11630 Hempstead Hwy Houston, TX 77092

    For Sale
    $2,018,000

    High-yield QSR investment opportunity. Strong tenant, long lease.

    Property size:
    2,573 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional investment opportunity presents a 2,573-square-foot Jack in the Box restaurant situated on a 0.74-acre lot in Houston, Texas. The property, built in 1997, boasts a drive-thru and ample parking, strategically located on a hard corner at the signalized intersection of Hempstead Highway and W 34th Street, benefiting from combined traffic counts exceeding 47,600 vehicles. The absolute NNN lease with Jack in the Box, a publicly traded company (NASDAQ: JACK), extends until May 29, 2033, offering a remaining term of 8.5 years. Rent increases are subject to the lesser of CPI or 8% every five years, ensuring consistent income growth. The property's strong financial performance is reflected in its 5.50% cap rate and a net operating income (NOI) of $110,974, with an asking price of $2,018,000 ($784.30 per square foot). The surrounding area features a robust mix of national tenants, including Fiesta Mart, Starbucks, Chipotle, Chase, Bank of America, Taco Bell, and Wells Fargo, underscoring the location's desirability. The property is conveniently located 11 miles northwest of downtown Houston and a 25-mile (48-minute) drive from George Bush Intercontinental Airport. Within a three-mile radius, the area boasts a population of 148,607 and an average household income of $98,641. This presents a compelling investment opportunity with a stable, high-performing tenant in a prime Houston location.

    Property Features for 11630 Hempstead Hwy

    General Information

    Property type
    Restaurants
    Square Feet
    2,573 SF
    Lot Size
    32,234 SF

    Building Details

    Year Built
    1997

    HighLights

    • Long‑term corporate lease with Jack in the Box, Inc.
    • Jack in the Box (NASDAQ: JACK) boasts $1.55B in revenue, $135M net income, and $200M stockholder equity.
    • Established in 1951, Jack in the Box is a top‑five US hamburger chain.
    • Net lease; no landlord responsibilities.
    • 2,573± SF single‑story building with drive‑thru and ample parking on a 0.74± acre lot.
    • High‑traffic corner location at Hempstead Hwy & W 34th St (47,600+ vehicles daily).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Houston
    County
    Harris
    State
    Texas
    Longitude
    -95.4827051
    Latitude
    29.8184196

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    FAQs

    What type of property is this?
    Restaurant - High-yield QSR investment opportunity. Strong tenant, long lease.
    Where is this restaurant located?
    The property is located at 11630 Hempstead Hwy Houston, TX.
    What is the asking price?
    The asking price for this property is $2,018,000.
    What are key features of this property?
    This property features: Long-term corporate lease with Jack in the Box, Inc.; Jack in the Box (NASDAQ: JACK) boasts $1.55B in revenue, $135M net income, and $200M stockholder equity.; Established in 1951, Jack in the Box is a top-five US hamburger chain.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11630 Hempstead Hwy Houston, TX 77092
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