13351 Briar Forest Dr 2 768 pi² Commerce de détail Immeuble Houston, TX 77077 2 274 013 $ CAD (821,54 $ CAD/pi²) 5,60% Taux de capitalisation

The Snyder Carlton National Net Lease Team is pleased to offer investors the opportunity to acquire a corporate Jack in the Box ground lease in Houston’s Energy Corridor. Jack in the Box (NASDAQ: JACK) operates over 2,100 locations and has a market cap exceeding $243 million. The absolute NNN lease has 2.2 years remaining in the primary term with four 5-year option periods and 10% rent increases every option period. With no landlord responsibilities and a corporate guaranty, this asset is ideal for an investor seeking hands-off cash flows.
The 2,768 SF quick service restaurant building with drive-thru is positioned on a 0.82-acre parcel and is strategically located near the hard corner signalized intersection of Briar Forest Drive and Eldridge Parkway, which have a combined traffic count exceeding 51,000 VPD. The subject property is located within the Energy Corridor which is Houston’s third-largest employment center behind Downtown and the Texas Medical Center. The district is home to over 300 companies and employs over 105,000 individuals. Several companies including BP America, Shell Oil, Conoco Phillips, CITYGO and Sysco are all headquartered within the district.
Additionally, Jack in the Box is just over a mile from the Ashford Yard Revitalization Project which encompasses over 12 acres and will bring new energy to the neighborhood by creating experiential retail and dining opportunities, luxury apartments and state-of-the-art office spaces. Numerous national retailers surround the subject property including Chick-fil-A, McDonald’s, Chipotle, Starbucks, Kroger, Walmart, Chase Bank, Regions Bank, The Learning Experience and more.