About This Restaurant
Investment Highlights
Tenant(s) Benefits from Strategic Location; Property has considerable retail frontage that sits less than ? mile from transcontinental I-10 Highway Strong Corporate Guaranty; Tenant operates under a Corporate-guaranteed absolute NNN lease with no Landlord responsibilities whatsoever Proven Operating History; Jack in the Box has successfully operated in same location since 2005, demonstrating strong commitment to this location Recession-proof and E-Commerce Resistant Tenant; Jack in the Box is an industry leading QSR operator planning to add 389 new locations by 2027
Executive Summary
Property Details
- Sale Type Investment NNN
- Property Type Retail
- Property Subtype Service Station Service Station General Retail Convenience Store General Retail Fast Food General Retail TruckStop Service Station
- Building Size 4,507
- Building Class B
- Year Built 2005
- Price 3,195,000
- Price Per SF 709
- Cap Rate 6.21
- NOI 198,552
- Percent Leased 100
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 1.32 AC
Amenities
- 24 Hour Access
- Corner Lot
- Pylon Sign
- Restaurant
- Signalized Intersection
- Drive Thru
Nearby Amenities & Transportation
| Retail | Texas Roadhouse | ||
| Retail | Spring Creek Barbeque | ||
| Retail | Cheddar's Scratch Kitchen | ||
| Retail | Jack In The Box | ||
| Retail | Olive Garden Italian Rstrnt | ||
| Retail | Chuy's | ||
| Retail | Mcalister's Deli | ||
| Retail | LongHorn Steakhouse | ||
| Retail | BJ's Restaurant & Brewhouse | ||
| Retail | Uncle Julio's |
Property Taxes
| Parcel Number | 0260510000219 | Improvements Assessment | $863,535 |
| Land Assessment | $756,325 | Total Assessment | $1,619,860 |
| Date Created: | 2024-07-16 04:23:40 | Last Updated: | 2024-07-16 04:23:40 |
| Address: | 20350 Park Row Dr , Katy, Texas, 77449 | ||