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

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 13+ 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. Goodwill Sansbury is at the Crabb River Road and Sansbury intersection in Sugar Land, Texas (Houston MSA). The property is positioned at the first signalized intersection off the Grand Parkway south of Highway 59. In addition, Goodwill is adjacent to McDonald' s and the regional leading convenience store, Buc-cee' s, with over 37 locations across Texas and plans to expand along the Gulf Coast. The retail location is situated in a high growth area with long-term sustainability. The first phase of the Grand Parkway extension was recently completed in front of the center with future Grand Parkway widening and extension planned. The property will benefit from an increase of traffic and visibility along the extension. The average household income within 3 miles is over $138,000. The property is supported by a population of 123,000+ and daytime population of over 70,000 within 5 miles.