Brand New Early Lease Extension During COVID-19
Jack in the Box Inc. recently exercised its first option, one year early, showing their dedication to this location.
Landlord was able to negotiate a longer extension providing 7 years of firm term.
Nearly 20-Year Successful Operating History
Jack in the Box Inc. has been operating at this location since 2001, when the original developer did a build a suit for them from the ground up.
Corporate Lease
Jack in the Box has more than 2,200 restaurants in 21 states
85% of the half-billion guests served annually are buying food at the drive thru or take out
Essential Retail
Tenant provides an Essential Service and has remained open for business and paying rent.
Ideally Located In Front of Kroger Grocery Anchored Shopping Center
Strong retail center with a number of nationals including Subway, Domino’s Pizza, KFC and Murphy Oil Gas Station
Densely Populated Houston MSA with Exceptional Demographics
235,654 people in the 5-mile radius
23% growth in last 5 years
$168,634 average household incomes
Passive NNN Investment With ZERO Landlord Responsibilities
Ideal “hands-free” investment opportunity – absolutely no landlord obligations, including roof and structure.
True Absolute NNN lease
Well Located along Grand Parkway Near Major Interstate
Located along major thoroughfare through Katy with over 130,000 CPD along Grand Parkway
Access to Interstate 10, less than one mile from the subject property, which takes commuters directly to downtown Houston – less than 30 minutes away
Strong Investment Fundamentals
Long term lease in place, good real estate and solid corporate tenant guarantor.
Ideal 1031 exchange property.
