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Views: 234 DOM: 276 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 4.0
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...

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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
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

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