Goodwill - Chandler, AZ
Abs. NNN | Top 30% Goodwill | 10.10 Yrs Rem.
Marketing description
Surmount is pleased to present the opportunity to acquire the fee simple interest in a newly constructed single-tenant net leased Goodwill Retail Store and Donation Center in Chandler, Arizona. Located in one of the most affluent municipalities in the Phoenix MSA, the property sits along the high-traffic East Chandler Boulevard corridor within a trade area supported by strong household incomes and sustained residential growth.
The asset is strategically positioned within Cooper Park Marketplace and benefits from shadow-anchor synergy with a high-performing Walmart Neighborhood Market. The surrounding retail ecosystem is further reinforced by national neighbors including Walgreens, Burger King, and BASIS Chandler, a nationally recognized charter school that attracts high-income households to the immediate area. Built in 2021 as a build-to-suit facility, the property features a modern 21,054 SF tilt-up concrete building situated on an expansive 2.27-acre parcel, purpose-designed to support durable, recession-resilient cash flow as a combined retail and donation hub.
Prospective purchasers are welcome to visit the retail store during normal business hours. Full property tours are available by appointment only through the exclusive listing broker. To maintain tenant confidentiality, please do not contact, disturb, or engage the tenant or on-site staff.
Investment highlights
Absolute NNN Lease | Zero Landlord Responsibilities
Nearly 11 years of firm term remaining through March 31, 2037 with two 5-year renewal options and $1.00 PSF rent escalations, creating a passive, management-free income stream.
Purpose-Built Dual-Engine Asset | Mission-Critical Facility
2021 build-to-suit with drive-through donation lane supporting Goodwill’s high-volume donation and resale model. Low 21.3% site coverage and a 4.0/1,000 SF parking ratio support efficient circulation.
60% Mark-to-Market Upside
In-place rent of $15.93 PSF sits approximately 60% below conservative market rents of $25 PSF, providing strong downside protection and significant embedded real estate value.
Premier East Valley Positioning
Located at the signalized intersection of E Chandler Blvd (20,000 VPD; up 14% since 2022) and N Cooper Rd (24,500 VPD), a core east valley retail corridor.
High Barriers to Entry Location
Located within the Price Corridor, one of the most supply-constrained retail corridors in the Phoenix MSA with minimal remaining developable land.
Recession-Resilient Retail Format
Goodwill performs consistently across economic cycles. The circular economy and thrift sector remains highly insulated from online disruption, generating a durable, necessity-based income stream.
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