Goodwill
Retail | 6.60% CAP | 28,093 SqFt
Marketing description
This is a single tenant NNN investment opportunity featuring a corporate-signed Goodwill lease. The property is located in Rochester, Minnesota, directly across from Costco in a dense retail corridor at the signalized, hard corner intersection of 19th Street NW and Scott Road NW.
Goodwill has over 3,400 locations across the United States and Canada. In 2022, Goodwill agreed to extend their lease for an additional 10 years, demonstrating their commitment to the site. This Goodwill location ranks in the 96th percentile nationwide for annual visits per Placer.ai.
The property benefits from strong demographics with more than 113,000 residents and 101,000 employees supporting the trade area, and a $124,181 average household income. The asset is located in close proximity to W Circle Dr NW (23,700 VPD) and Highway 14 (29,800 VPD).
Investment highlights
- Goodwill Corporate signed lease
- Goodwill has over 3,400 locations across the United States and Canada
- Over 9 years remaining with 1 (5-year) option to extend
- In 2022, Goodwill agreed to extend their lease for an additional 10 years, demonstrating their commitment to the site
- This Goodwill location ranks in the 96th percentile nationwide for annual visits per Placer.ai
- Tenant pays for taxes, insurance and maintains interior of the premises
- Landlord is responsible for structure and capital expenditures (Contact listing agents for details)
- Fee simple ownership (land & building)
- Ideal, low management investment for passive investor
- The subject property is located directly across from Costco with other neighboring tenants including ALDI, McDonald's, Caribou Coffee, Crumbl, Sherwin-Williams and more
- Located at the signalized, hard corner intersection of 19th Street NW and Scott Road NW, which combine to average over 15,100 VPD
- The asset is also located in close proximity to W Circle Dr NW (23,700 VPD) and Highway 14 (29,800 VPD)
- Strong tenant synergy promotes crossover shopping to the subject property
- More than 113,000 residents and 101,000 employees support the trade area
- $124,181 average household income
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
