Goodwill and EOS Fitness Two Tenant Net Lease
Retail | 6.36% CAP | 62,071 SqFt
Marketing description
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Cushman & Wakefield is pleased to present the opportunity to acquire a net leased investment leased to Goodwill and EOS Fitness, two established and service-oriented operators serving daily community needs. The property is fully leased and provides investors with stable, diversified income supported by a leading nonprofit retail organization and a rapidly expanding national fitness brand.
Goodwill of Central & Northern Arizona is the largest Goodwill affiliate in the world and operates more than 150 stores and donation centers across three states. As part of a network exceeding 3,300 locations across North America, Goodwill maintains a proven operating model centered around value-oriented retail and workforce development services. The organization’s long operating history and community-focused mission contribute to consistent customer traffic and durable store performance. The site benefits from a recently executed 10-year lease extension, demonstrating long-term commitment to the location.
EOS Fitness is a high-growth fitness operator focused on affordable, high-amenity gyms. The company currently operates over 175 locations nationwide and serves more than 1.5 million members, with plans to expand to approximately 250 locations by 2030. Backed by institutional investment and a disciplined expansion strategy, EOS has established itself as a leading value fitness platform across the Southwest and Western United States.
The subject property is located at a strong retail intersection in Chandler, Arizona, within an affluent trade area featuring average household incomes exceeding $172,000 within one mile. The site benefits from excellent accessibility to I-10, Loop 202, and Loop 101 and is surrounded by national retailers including Fry’s Grocery, Starbucks, Taco Bell, and Jack in the Box. High daily traffic volumes and a newly improved parking field support long-term tenant performance and continued customer demand.
This offering provides an opportunity to acquire a well-located multi-tenant retail investment with steady cash flow, minimal management responsibilities, and long-term value supported by necessity-based retail and experiential fitness uses.
Investment highlights
INVESTMENT HIGHLIGHTS
• 100% leased to two strong credit tenants
• EOS operates 175 locations in 6 states and plans to expand to approximately 250 locations by 2030
• Diverse internet proof rent roll with strong discount retailer and gym operator
• Goodwill of Northern and Central Arizona, the largest Goodwill affiliate globally, operates over 150 stores and donation centers across 3 states
• Brand new 10-year lease extension from Goodwill, demonstrating long-term commitment to the site (±12 years of primary term remaining)
LOCATION HIGHLIGHTS
• Affluent trade area with average household incomes over $172,000 in a 1-mile radius
• High traffic counts (Rural Road & Ray Road: ±58,073 VPD)
• Strong retail intersection with other national tenants such as Fry’s Grocery, Starbucks, Taco Bell, Jack in the Box and more
• ±2.5 miles from 3 major freeways I-10, Loop 202 and Loop 101
• Brand new parking lot - reducing near-term capital expenditures
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