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Goodwill | I-5 Corridor Location (200,000+VPD) | Early 5-Year Lease Extension

8025 S Hosmer St, Tacoma, WA 98408

Listing Price: $5,184,000

Cap Rate
6.25%
Tenant Name
Goodwill
Years Remaining On Lease
5.4
Guarantor
Franchisee Guarantee
Rentable SF
24,949
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.99

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a trophy Goodwill location in the rapidly growing Seattle/Tacoma MSA, the #1 retail investment market in the United States. Goodwill recently signed a new 5-year NNN lease extension early showing long-term commitment to the site. The Property is ideally located adjacent to I-5 having direct visibility to well over 200,000 VPD. Surrounding tenants include Bass Pro Shops, Home Depot, Winco, LA Fitness and many other national retailers. The Goodwill enterprise is a network of 155 community-based, autonomous organizations in the United States and Canada with over 3,200 Goodwill stores in North America with a presence in 12 other countries. The Property is located in the rapidly growing Seattle/Tacoma MSA and features excellent surrounding demographics with over 288,000 residents within a 5-mile radius with nearly 14% population growth since 2010.

Investment Highlights

  • HIGH-VISIBILITY I-5 CORRIDOR LOCATION
  • EARLY 5-YEAR NNN LEASE EXTENSION
  • NNN LEASE / MINIMAL LANDLORD RESPONSIBILITIES
  • GLOBAL TENANT WITH OVER 3,200 LOCATIONS
  • LARGE 2.44 ACRE LOT
  • PRICED SIGNIFICANTLY BELOW REPLACEMENT COST
  • DENSE DEMOGRAPHICS / HIGH-GROWTH MARKET
  • INCOME TAX FREE STATE

Exclusively Listed By

Discount

Goodwill | I-5 Corridor Location (200,000+VPD) | Early 5-Year Lease Extension

Listing Price: $5,184,000

Cap Rate
6.25%
Tenant Name
Goodwill
Years Remaining On Lease
5.4
Guarantor
Franchisee Guarantee
Rentable SF
24,949
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$12.99

Investment Highlights

  • HIGH-VISIBILITY I-5 CORRIDOR LOCATION
  • EARLY 5-YEAR NNN LEASE EXTENSION
  • NNN LEASE / MINIMAL LANDLORD RESPONSIBILITIES
  • GLOBAL TENANT WITH OVER 3,200 LOCATIONS
  • LARGE 2.44 ACRE LOT
  • PRICED SIGNIFICANTLY BELOW REPLACEMENT COST
  • DENSE DEMOGRAPHICS / HIGH-GROWTH MARKET
  • INCOME TAX FREE STATE

Investment Overview

Marcus & Millichap's Brown Retail Group has been selected to exclusively market for sale a trophy Goodwill location in the rapidly growing Seattle/Tacoma MSA, the #1 retail investment market in the United States. Goodwill recently signed a new 5-year NNN lease extension early showing long-term commitment to the site. The Property is ideally located adjacent to I-5 having direct visibility to well over 200,000 VPD. Surrounding tenants include Bass Pro Shops, Home Depot, Winco, LA Fitness and many other national retailers. The Goodwill enterprise is a network of 155 community-based, autonomous organizations in the United States and Canada with over 3,200 Goodwill stores in North America with a presence in 12 other countries. The Property is located in the rapidly growing Seattle/Tacoma MSA and features excellent surrounding demographics with over 288,000 residents within a 5-mile radius with nearly 14% population growth since 2010.

Exclusively Listed By

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