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Views: 90 Updated: 09.06.24 Posted: 09.27.23 Status: Inactive 09.06.24

Summary

Price $4,237,066
Built/Renov 2008
Tenant Goodwill
Cap Rate 7.50%
Lease Type Double NN
Guarantor Corporate
Size/SF 19,752
Lease Start 01-01-2015
#Units 3,200
Price/SF $214.51
Expiration 08-31-2028
Tenant Type General Retail
NOI $317,780
R. Term 3.10
Ownership Fee Simple
Rent/SF $16.09
Increases 2.0%/1/yrs
Pop 5Mi 150,781
Lot/AC 1.35
Options 2/5yrs/10%
AHHI 5Mi $124,543

Lease Highlights

  • Goodwill currently has over 4 years remaining on the current lease term with 2 (5-year) options to extend
  • Lease features 2% annual rental increases throughout the initial term and a 10% rental increase at the start of each option
  • Goodwill Industries is #7 on Forbes List "The 100 Largest U.S. Charities"
  • Corporate guarantee by Goodwill Industries

Location Description

Goodwill is located on Woody Terrace with a high daily traffic count of 45,834 vehicles. It is also conveniently situated within two miles of Andrews Air Force Base, which has over 15,000 active-duty military members, families, and civilian employees. The surrounding area is a dense retail corridor with several national and credit tenants, including Walgreens, Lowe's, Safeway, Chipotle, and...

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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 : 8,610 47,387 119,352
2023 Total Population : 8,563 47,215 118,321
2023 Employed Civilian Pop : 4,567 24,096 60,869
2023 Total Businesses : 364 1,518 3,361
2023 Average Household Income : $ 149,223 $ 141,050 $ 141,516
2023 Total Consumer Spending : $ 378 M $ 1927 M $ 5095 M
2023 Median Age : 47 42 41
2023 Total Households : 3,039 16,333 42,737
2023 Pop Age 25+: Bachelor's Degree : 1,088 6,502 17,130
2023 Average Home Value : $ 432,887 $ 442,747 $ 453,210
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Woodyard Road 2018 46,372 0.10 mi
Woodyard Rd Stuart Ln 2008 34,041 0.11 mi
MD 223 Stuart Ln 2020 36,071 0.12 mi
Ramp 6 Fr Md 223 Eb To Ramp 7 (to Md 5) Woodyard Rd 2020 1,840 0.17 mi
Ramp 7 Fr Md 223 Wb To Md 5 Sb Stuart Ln 2020 2,850 0.17 mi
Ramp 7 Fr Md 223 Wb To Md 5 Sb Branch Ave 2020 1,010 0.18 mi
Ramp 8 Fr Ramp 5 (fr Md 5) To Md 223 Wb Branch Ave 2020 10,140 0.19 mi
Branch Ave Caldran Dr 2012 76,922 0.20 mi
Ramp 5 Fr Md 5 Sb To Md 223 Eb Woodyard Rd 2020 3,770 0.21 mi
Ramp 1 Fr Md 5 Nb To Md 223 Wb Jordan Ln 2020 3,560 0.22 mi

Listing Broker

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