Goodwill

2150 Feather River Blvd, Suite 200, Oroville, CA 95965

$4,574,000

Cap Rate 6.75%

Views: 65 Updated: 12.04.23 Posted: 10.24.23 Status: Inactive

Summary

Price $4,574,000	Built/Renov 1999	Tenant Goodwill
Cap Rate 6.75%	Lease Type Double NN	Guarantor Corporate
Size/SF 24,048	Lease Start 02-19-2019	#Units 3,200
Price/SF $190.20	Expiration 02-28-2029	Tenant Type General Retail
NOI $308,776	R. Term 4.4	Ownership Fee Simple
Rent/SF $12.84	Increases 2.0%/6/yrs	Pop 5Mi 39,634
Lot/AC 2.55	Options 3/5yrs/2%	AHHI 5Mi $67,872

Lease Highlights

Goodwill has 5+ years of guaranteed term remaining with 3 (5-year) options to extend
The lease features 2% annual rent increases in option periods
Significantly below-market rent | Tenant is currently paying around 30% less than market rent | According to CoStar, market rent is around $17.25/SF while Tenant is paying less than $13/SF
Lease is guaranteed by the corporate entity

Location Description

Goodwill is strategically located on Feather River Blvd which averages approximately 7,650 vehicles per day. The site benefits from excellent visibility along Highway 70 which sees over 22,000 VPD. The subject property is near several national/credit tenants including Walmart Supercenter, Tractor Supply, McDonald’s, Applebee’s, and many more. The 5-mile trade area is supported by more than...

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Key Features

Dense retail corridor
Near major nationals
Strategically located
Highway location
Strong tenant synergy
Annual rent increases
Corporate Guarantee

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Links

Goodwill Wikipedia Goodwill Wikipedia Oroville, California Zip Code 95965 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Goodwill
Guarantor:Corporate
Company:Goodwill Industries
# Units:3,200

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
2028 Total Population :	3,729	29,034	37,388
2023 Total Population :	3,880	29,814	38,390
2023 Employed Civilian Pop :	1,416	10,566	13,989
2023 Total Businesses :	292	1,377	1,540
2023 Average Household Income :	$ 57,954	$ 67,913	$ 73,178
2023 Total Consumer Spending :	$ 77 M	$ 629 M	$ 888 M
2023 Median Age :	35	36	38
2023 Total Households :	1,499	10,479	13,774
2023 Pop Age 25+: Bachelor's Degree :	264	2,003	2,697
2023 Average Home Value :	$ 376,369	$ 366,523	$ 375,581

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Feather River Blvd	Oro Dam Blvd E	2014	7,476	0.12 mi
Oroville Dam Boulevard East	Feather River Blvd	2021	30,500	0.20 mi
CA 162	State Hwy 70	2021	22,950	0.22 mi
CA 70	Oro Dam Blvd W	2021	18,800	0.24 mi
162		2018	31,500	0.24 mi
Oro Dam Blvd E	7th Ave	2017	30,000	0.25 mi
70	Montgomery St	2018	22,700	0.26 mi
Oro Dam Blvd W	Hwy 70	2017	13,800	0.28 mi
Feather River Blvd	Oro Dam Blvd E	2014	8,173	0.29 mi
Mitchell Ave	Feather River Blvd	2014	3,387	0.33 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
23876 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
24765 Views
23 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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