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Goodwill

6328 Fair Oaks Blvd, Carmichael (Sacramento), CA 95608

Listing Price: $3,770,000

Cap Rate
5.75%
Tenant Name
Goodwill Industries of Sacramento Valley
Years Remaining On Lease
7.5
Gross SF
21,440
Guarantor
No Guarantee
Rentable SF
21,440
Price/Gross SF
$175.84
Lease Type
Double Net
Rent Per Square Feet
$10.11

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 2020, Goodwill served nearly 22 million people worldwide and helped more than 126,000 people find careers. With 72,000 residents, Carmichael is a suburb of Sacramento. The community is home to one of only two regional libraries in Sacramento County, Mercy San Juan Medical Center, a 320-acre public golf course, the Effie Yeaw Nature Center, two excellent park districts, and a business community consisting of retail, professional, and service businesses. Carmichael is home to one of the top school districts in the state, San Juan Unified School District.

Investment Highlights

  • Over Seven Years Remaining on Corporate Lease
  • 10 Percent Rental Increases Every Five Years
  • 339,008 Residents Within a Five-Mile Radius - Sacramento MSA
  • Surrounded by National Retailers - Walgreens, Jack in the Box, Domino's Pizza, 99 Cents Only Stores, and More
  • High Traffic Location with Over 50,200 Cars per Day at the Intersection of Palm Drive/Marconi Avenue and Fair Oaks Boulevard
  • Strong Daytime Population - Over 362,180 Employees in Surrounding Area
  • Average Household Income Exceeds $99,000 Within a One-Mile Radius
  • Less than 20 Minutes Drive-Time from Downtown Sacramento, California State University Sacramento, and Sacramento McClellan Airport

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s) CA: 01437375

    California

Financing By

Listing Price: $3,770,000

Cap Rate
5.75%
Tenant Name
Goodwill Industries of Sacramento Valley
Years Remaining On Lease
7.5
Gross SF
21,440
Guarantor
No Guarantee
Rentable SF
21,440
Price/Gross SF
$175.84
Lease Type
Double Net
Rent Per Square Feet
$10.11

Investment Highlights

  • Over Seven Years Remaining on Corporate Lease
  • 10 Percent Rental Increases Every Five Years
  • 339,008 Residents Within a Five-Mile Radius - Sacramento MSA
  • Surrounded by National Retailers - Walgreens, Jack in the Box, Domino's Pizza, 99 Cents Only Stores, and More
  • High Traffic Location with Over 50,200 Cars per Day at the Intersection of Palm Drive/Marconi Avenue and Fair Oaks Boulevard
  • Strong Daytime Population - Over 362,180 Employees in Surrounding Area
  • Average Household Income Exceeds $99,000 Within a One-Mile Radius
  • Less than 20 Minutes Drive-Time from Downtown Sacramento, California State University Sacramento, and Sacramento McClellan Airport

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 2020, Goodwill served nearly 22 million people worldwide and helped more than 126,000 people find careers. With 72,000 residents, Carmichael is a suburb of Sacramento. The community is home to one of only two regional libraries in Sacramento County, Mercy San Juan Medical Center, a 320-acre public golf course, the Effie Yeaw Nature Center, two excellent park districts, and a business community consisting of retail, professional, and service businesses. Carmichael is home to one of the top school districts in the state, San Juan Unified School District.

Exclusively Listed By

Broker of Record

  • Daniel A. Kapic

    Vice President/Regional Manager

    (916) 724-1400

    License(s): CA: 01437375

    California

Financing By

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