NN Goodwill 12 Year Term | Southfield, MI

Highlights:

• Single-tenant, freestanding, fee-simple Goodwill building on a large parcel (1.75 AC)
• High-end interior renovation completed in 2025 – including two new automatic sliding entrance doors, new facade signage, and updated monument signage – with costs exceeding $700,000
• Brand-new 12-year lease with very minimal landlord responsibilities (roof, structure, foundation, and HVAC)
• Property is located on a signalized hard corner within a major commercial corridor at West Twelve Mile Road and Greenfield Road, with a combined traffic count of approximately 60,000 vehicles per day
• Goodwill is a recession and e-commerce-resistant tenant with a corporate guarantee
• 5% rent increase in Year 6 and 5% increases in each option period

Description:

RI Marketplace Online Auction June 23-25, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2561/nn-goodwill-12-year-term-southfield-mi?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2561

Friedman Real Estate, in conjunction with RI Marketplace, is pleased to present this freestanding Goodwill in Southfield, MI. The tenant signed a new 12-year lease that runs through March of 2037 showing long-term commitment to this site. The lease features a 5% increase in year 6 and 5% increases in each option. The NN lease leaves minimal landlord responsibilities – roof, structure, foundation, and HVAC.

Jerry Helmer
c/o Fisher Auction Company Inc.
License: 6504064915

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