Department Store

Goodwill

12043 N Reems Rd, Surprise, AZ 85379

Listing Price: $6,285,000

Cap Rate
5.85%
Tenant Name
Goodwill
Years Remaining On Lease
14.8
Gross SF
22,986
Guarantor
Corporate Guarantee
Rentable SF
22,986
Price/Gross SF
$273.43
Lease Type
Double Net
Rent Per Square Feet
$16.00

Investment Overview

Goodwill is an American nonprofit organization that provides job training, employment placement services, and other community-based programs – all funded by Goodwill’s massive network of retail thrift stores. Founded in 1902, Goodwill is headquartered in Rockville, Maryland and has a presence in 14 countries, including the U.S. and Canada. In the U.S., there are over 3,300 Goodwill retail stores. In 2018, Goodwill served more than 35 million people worldwide and helped more than 242,000 people find careers. Surprise, Arizona is located just 28 miles northwest of downtown Phoenix. The City of Surprise sits at the foot of the White Tank Mountains and is currently home to over 100,000 residents. The City of Surprise offers an assortment of amenities. Located in the center of Surprise is the Surprise stadium. The stadium hosts spring training games for the Texas Rangers and the Kansas City Royals. The stadium also has 15 practice baseball fields which are utilized also by Parks and Recreation for the Cal Ripkin Youth Baseball program.

Investment Highlights

  • New 15-Year Corporate Lease with Goodwill of Central and Northern Arizona (96 Locations) - 2020 Build
  • Rental Increases Every Five Years
  • 183,326 Residents within a Five-Mile Radius - Phoenix MSA
  • Rapidly Growing Surprise Trade Area - Households and Population Projected to Increase 14-17 Percent within a One-Mile Radius by 2025
  • Outparcel to Kohl's
  • Over 21,300 Cars Per Day at the Intersection of North Reems Road and West Warner Road
  • Average Household Income Exceeds $102,000 in Immediate Area
  • Adjacent to the Marley Park Master-Planned Community, and Close Proximity to the Nearby Communities of Sterling Grove, Prasada, etc.

Exclusively Listed By

Listing Price: $6,285,000

Cap Rate
5.85%
Tenant Name
Goodwill
Years Remaining On Lease
14.8
Gross SF
22,986
Guarantor
Corporate Guarantee
Rentable SF
22,986
Price/Gross SF
$273.43
Lease Type
Double Net
Rent Per Square Feet
$16.00

Investment Highlights

  • New 15-Year Corporate Lease with Goodwill of Central and Northern Arizona (96 Locations) - 2020 Build
  • Rental Increases Every Five Years
  • 183,326 Residents within a Five-Mile Radius - Phoenix MSA
  • Rapidly Growing Surprise Trade Area - Households and Population Projected to Increase 14-17 Percent within a One-Mile Radius by 2025
  • Outparcel to Kohl's
  • Over 21,300 Cars Per Day at the Intersection of North Reems Road and West Warner Road
  • Average Household Income Exceeds $102,000 in Immediate Area
  • Adjacent to the Marley Park Master-Planned Community, and Close Proximity to the Nearby Communities of Sterling Grove, Prasada, etc.

Investment Overview

Goodwill is an American nonprofit organization that provides job training, employment placement services, and other community-based programs – all funded by Goodwill’s massive network of retail thrift stores. Founded in 1902, Goodwill is headquartered in Rockville, Maryland and has a presence in 14 countries, including the U.S. and Canada. In the U.S., there are over 3,300 Goodwill retail stores. In 2018, Goodwill served more than 35 million people worldwide and helped more than 242,000 people find careers. Surprise, Arizona is located just 28 miles northwest of downtown Phoenix. The City of Surprise sits at the foot of the White Tank Mountains and is currently home to over 100,000 residents. The City of Surprise offers an assortment of amenities. Located in the center of Surprise is the Surprise stadium. The stadium hosts spring training games for the Texas Rangers and the Kansas City Royals. The stadium also has 15 practice baseball fields which are utilized also by Parks and Recreation for the Cal Ripkin Youth Baseball program.

Exclusively Listed By

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