177,000 SF Building/19.74 Acres Richmond, Texas

Property Overview

177,000 SF Building/19.74 Acres (the “Property”) is a 177,000 SF theater located at 7301 W Grand Parkway South in Houston, Texas. The property is specifically located on the West side of Houston in Richmond, TX. Built in 2013, the theater has 22 screens, with ±5,000 seats. The property also offers an arcade, bowling alley, concessions, restaurants, and dining areas. All equipment is included in the sale of the Property. Around 50,000 cars pass the property per day, located on Grand Parkway West and just south of Westpark Tollway. The convenient location provides easy access around the city. The Richmond suburb in Houston is one of the most popular and highly ranked communities in Houston. There are nearly 1.7M people located within 15 miles of the property and average household income within one mile is $123,000. All schools within 5-miles have over 700 students. The former theater is located in the Long Meadow Farms Shopping Center and the center sees over 1 million visits per year. Other shops in the center include Gallery Furniture, Spring Creek Barbecue, Next Level Urgent Care, and other national retailers and restaurants. Fort Bend County has not adopted any zoning ordinances, so this gives a new investor a great opportunity to redevelop the property to a new use.

Investment Highlights