THE OFFERING Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the ground lease interest in the 0.46-acre surface parking lot leased to Goode Company’s Armadillo Palace. The property provides mission critical parking and access to the Armadillo Palace and Goode Co Events/Catering. The Armadillo Palace venue is known for its unique blend of dining and entertainment. It features a large outdoor patio and live music events. The design reflects a Texas ranch-style aesthetic. The parking lease expires 2/28/2031 (5+ years) with 2% annual increases. It is absolute NNN with no landlord responsibilities. The Armadillo Palace opened in 2007. It is situated on Kirby Drive in Houston’s urban setting in the City of West University Place, one of Houston’s most affluent communities. Due to its location, the Armadillo Palace attracts residents, students and employees of neighboring Rice University and the Texas Medical Center. Goode Company owns several neighboring eateries: Goode Co. BBQ, Goode Co. Taqueria, Goode Co. Seafood. Property Details: Address: 2508 Bartlett St, Houston, TX 77098 Location: Near the intersection of Kirby Drive Acreage: 0.46 acres Parking: +/-50 spaces Ownership: Ground Lease Tenant: Goode-Cook, Inc. (Goode Co - Armadillo Palace) Lease Type: Corporate Lease Net Operating Income: $230,496 Rent Escalations: Annual Location: Affluent Urban setting Average Household Income: $121,805 (1 mile) Average Home Value: $969,307 (1 mile)