7641 W Grand Pky
Richmond, TX 77407

The property is leased to Goodwill Industries of Houston, a Houston-based subsidiary of the Goodwill Industries corporation. The subsidiary has approximately 108 locations throughout the Greater Houston area and employs 1,700+ individuals. The remaining base term of the ground lease is approximately 14 years and includes 10% rent increases every 5 years during the initial base lease term and the 3, 5-year option periods. The lease is NNN that includes a management fee of 4% of rental income and landlord responsibilities. Goodwill Long Meadow Farms is located on the NWC of Grand Parkway and S Mason Rd in Richmond, part of the Houston Metropolitan Statistical Area (MSA). The property is located adjacent to a recently opened Kroger Marketplaceanchored shopping center. Traffic Counts: GRAND PARKWAY N OF S MASON RD: 28,000 CPD GRAND PARKWAY S OF S MASON RD: 24,000 CPD S MASON RD S OF GRAND PARKWAY: 9,000 CPD