Goodman Distribution | Annual Increases 1902 S Cherry St

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased Goodman Distribution investment property located in Tomball, Texas. The tenant, Goodman Distribution, Inc., has approximately 5 years remaining on its 10-year lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and FMR increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for an out of state investor.