11630 Hempstead Hwy Houston, TX 77092
- Retail properties
- 2,573 SF
- 0.74 lot acres
Current Use by Public Records
- Retail properties
Property Details for 11630 Hempstead Hwy
- Year built
- 1997
- Lot size
- 0.74 lot acres
- Property size
- 2,573 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Houston
- County
- Harris
- State
- Texas
- Longitude
- -95.4827
- Latitude
- 29.8184
