loader
Join Free
Views: 250 DOM: 313 Updated: 10.18.24 Posted: 02.12.24 Status: Active

Summary

Price $1,890,000
Built/Renov 1972
Tenant Goodwill
Cap Rate 8.00%
Lease Type NN+
Guarantor Corporate
Size/SF 21,712
Lease Start 12-01-1990
#Units 3,200
Price/SF $87.05
Expiration 11-30-2028
Tenant Type General Retail
NOI $151,256
R. Term 3.11
Ownership Fee Simple
Rent/SF $6.97
Increases 0.0%/0/yrs
Pop 5Mi 164,861
Lot/AC 1.92
Options 0/0yrs
AHHI 5Mi $77,879

Lease Highlights

  • Goodwill has been operating at this location since 1990
  • New roof installed in 2021 with a 20-year warranty
  • Tenant has 4 years remaining on their primary lease
  • Property features a Billboard that is leased to Lamar Companies. The lease is renewed annually on October 1st
  • Favorable NN+ lease with landlord responsible for roof & structure
  • Corporate guaranteed lease

Location Description

Goodwill is strategically located along South Reynolds Road (US-20), with a daily traffic count of 33,500 vehicles. The property offers excellent visibility, frontage, and prominent signage, as well as two points of entry and exit. It is conveniently situated across from the new Amazon DCL5 facility and is surrounded by dense residential neighborhoods, providing a strong consumer base. The...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,583 67,263 162,408
2023 Total Population : 9,739 68,311 164,183
2023 Employed Civilian Pop : 4,418 33,438 80,737
2023 Total Businesses : 386 3,044 5,560
2023 Average Household Income : $ 64,915 $ 74,902 $ 88,472
2023 Total Consumer Spending : $ 270 M $ 2068 M $ 5442 M
2023 Median Age : 42 40 40
2023 Total Households : 4,756 31,671 70,944
2023 Pop Age 25+: Bachelor's Degree : 1,755 10,274 25,705
2023 Average Home Value : $ 174,203 $ 178,642 $ 214,674
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Ryan Rd Bishopsgate Dr 2018 1,705 0.12 mi
GLENDALE AVE Glen Valley Dr 2020 17,288 0.18 mi
Southwyck Blvd S Reynolds Rd 2018 6,380 0.24 mi
S Reynolds Rd Brownstone Blvd 2003 28,600 0.27 mi
South Reynolds Road Chatsworth Rd 2021 23,770 0.30 mi
Ryan Rd Laurel Valley Dr 2017 1,528 0.34 mi
Ryan Road E Crest Dr 2021 1,673 0.37 mi
Southwyck Boulevard Swan Creek Dr 2021 3,350 0.38 mi
Southwyck Blvd Brownstone Blvd 2017 6,304 0.38 mi
Cresthaven Lane Swan Creek Dr 2021 1,132 0.46 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity