Goodwill Industries of Southern Arizona
$4,226,500
8358-8360 East Broadway Boulevard, Tucson, AZ 85710
6.2
Cap Rate
16,960 sqft
Building Size
Details:
Highlights:
- Significant commercial development within the area.
- Corporate Guaranty from Goodwill of Southern Arizona.
- Complete remodel and renovation occurred 2015 as a build to suit for Goodwill
- NNN lease with minimal landlord responsibilities, 3% annual rent increases
- Situated at a heavily trafficked, East Broadway
- Surrounded by local and National Retailers.
Description:
Whirlygig Properties, LLC is pleased to present the rare opportunity to acquire a NNN leased, investment property located in Tucson, Arizona. The single tenant is Goodwill Industries of Southern Arizona, occupying 16,960 sq. ft. and the 10 year lease term went to affect October 15, 2015 and expires October 14, 2025 with two 5-year options. Goodwill after their current term is followed by the 2 additional (5-year) option periods with 3% annual rental increases. The lease is corporately guaranteed by Goodwill of Southern Arizona, Inc. Goodwill has been a trusted household name for more than a century and is the top name donation/resale retailer in the United States. The lease is NNN with minimal landlord responsibilities limited to structure and parking lot. The landlord is not responsible for parking lot patching or similar minor maintenance.
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