1025 Crabb River Rd
Richmond, TX 77469
Retail Property For Sale

The remaining base term of the ground lease is ±12 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 limited landlord responsibilities including: foundation, walls, roof, and exterior plumbing and electrical. The remaining base term of the lease is ±12 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 limited landlord responsibilities including: foundation, walls, roof, and exterior plumbing and electrical. The retail location is situated in a high growth area with long-term sustainability. Crabb River Road was recently expanded in 2017 and will be part of Segment C of the future Grand Parkway expansion*. The property will benefit from an increase of traffic and visibility along the expansion. The average household income within 3 miles is over $128,000. The property is supported by a population of 126,000+ and daytime population of over 73,000 within 5 miles.