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Views: 100 DOM: 129 Updated: 11.02.24 Posted: 07.09.24 Status: Active

Summary

Price $5,967,415
Built/Renov 2008
Tenant Goodwill
Cap Rate 6.15%
Lease Type Double NN
Guarantor Corporate
Size/SF 13,680
Lease Start 09-01-2008
#Units 3,200
Price/SF $436.21
Expiration 08-31-2034
Tenant Type General Retail
NOI $366,996
R. Term 9.9
Ownership Fee Simple
Rent/SF $26.83
Increases 5.0%/5/yrs
Pop 5Mi 88,625
Lot/AC 1.84
Options 2/5yrs/1.4%
AHHI 5Mi $80,996

Lease Highlights

  • Goodwill has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features a 5% rental increase in 2030, 1.4% annually thereafter
  • Considerable interior renovations planned in 2024 by tenant
  • Corporate guaranteed lease

Location Description

Goodwill is strategically located on 9th Street SW, with access to 20,500 vehicles passing by daily. The property benefits from easy ingress and egress and is situated minutes from Interstate-95 (56,000 VPD). The immediate area features well-known national tenants including Dollar General, Little Caesars, Anytime Fitness, and more. The 5-mile trade area is supported by a population of 88,625...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Goodwill
  • Guarantor:Corporate
  • Company:Goodwill Industries
  • # Units:3,200
  • Stock:Non-profit

About Tenant

Goodwill Industries International Inc., often shortened in speech and writing to Goodwill, is an American nonprofit 501(c)(3) organization that provides job training, employment placement...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,628 49,760 94,132
2024 Total Population : 6,440 47,460 90,246
2024 Employed Civilian Pop : 2,986 21,484 37,684
2024 Total Businesses : 198 1,201 4,275
2024 Average Household Income : $ 114,172 $ 100,475 $ 94,006
2024 Total Consumer Spending : $ 247 M $ 1674 M $ 3289 M
2024 Median Age : 46 46 52
2024 Total Households : 2,515 19,152 39,989
2024 Pop Age 25+: Bachelor's Degree : 1,045 6,801 13,589
2024 Average Home Value : $ 400,655 $ 460,974 $ 414,493
*ESRI data is presented for informational purposes only

Listing Broker

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