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Views: 170 DOM: 626 Updated: 09.10.24 Posted: 04.05.23 Status: Active

Summary

Price $1,100,000
Built/Renov 2001
Tenant Goodwill
Cap Rate 6.23%
Lease Type Double NN
Guarantor Corporate
Size/SF 10,000
Lease Start 12-01-2022
#Units 3,200
Price/SF $110.00
Expiration 01-31-2032
Tenant Type General Retail
NOI $68,512
R. Term 7.1
Ownership Fee Simple
Rent/SF $6.85
Increases 10.0%/9/yrs
Pop 5Mi 10,348
Lot/AC 2.02
Options 1/5yrs/10%
AHHI 5Mi $54,505

Lease Highlights

  • Goodwill recently expanded into entire building showcasing success of location
  • Parking lot repaved in 2022
  • The tenant has over 8 years remaining on the current lease term with 1 (5-year) options to extend
  • Lease features 10% rental increase at the beginning of option period
  • Corporate guarantee by Goodwill Industries of North Central PA

Location Description

This recently expanded Goodwill is strategically located along Route 322 which sees nearly 5,000 vehicles passing per day. Located along a major regional thoroughfare, the site is near many local retailers including Rockton Door and Hardware, Main Street Pizza, The Sub Hub, Mancuso’s Restaurant, George’s Restaurant, Foradori Barber Shop, Reynoldsville Laundromat, Back Street Beer Distributor,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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

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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
Spr 60 W Liberty Rd 2016 1,093 0.11 mi
US Hwy 322 Guthrie Ln 2017 5,084 0.14 mi
W Liberty Rd Spr 60 2019 73 0.64 mi
Dutchtown Rd 2021 4,867 0.73 mi
E Main St N 10th St 2017 5,084 0.99 mi
S 10th St Worth St 2017 1,292 1.09 mi
Wayne Road Beech St 2021 759 1.13 mi
Wayne Road Palumbo Rd 2019 772 1.13 mi
South 10th Street Smith Aly 2021 1,264 1.18 mi
Prospect Avenue Pennsylvania Ave 2021 109 1.30 mi

Listing Broker

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