{"id":1210,"date":"2017-06-01T15:19:33","date_gmt":"2017-06-01T15:19:33","guid":{"rendered":"http:\/\/www.bouldergroup.com\/blog\/?p=1210"},"modified":"2017-06-01T15:19:33","modified_gmt":"2017-06-01T15:19:33","slug":"net-leased-goodwill","status":"publish","type":"post","link":"https:\/\/www.bouldergroup.com\/blog\/net-leased-goodwill\/","title":{"rendered":"Net Leased Goodwill Property for Sale"},"content":{"rendered":"<p>The Boulder Group is pleased to exclusively market for sale a single tenant net leased Goodwill property located in Grafton, Wisconsin, approximately 20 miles north of downtown Milwaukee.\u00a0 The property is located in a strong retail corridor with excellent visibility and easy accessibility.\u00a0 The tenant, Goodwill Retail Services, has a network of more than 75 local retail stores in Southeastern Wisconsin and Metropolitan Chicago.\u00a0 They have operated at this location since 2012.\u00a0 This is a proven location for Goodwill as evident by a recent early lease extension through August 2027.<\/p>\n<p>The 21,400 square foot net leased Goodwill property is located on Wisconsin Avenue at a hard corner.\u00a0 Wisconsin Avenue is a primary north-south thoroughfare in the area.\u00a0 The property benefits from its position within a strong retail corridor that features Shopko, Pick \u2018n Save (Kroger), Walgreens, Ace Hardware, O\u2019Reilly Auto Parts, NAPA Auto Parts and a number of quick service restaurants.\u00a0 The property is also located within close proximity to multiple residential communities, local businesses, and schools.\u00a0 There are over 28,140 people living within a three mile radius of the property earning an average household income in excess of $91,900 per year.<\/p>\n<p>Goodwill has over 10 years remaining on their lease which expires August 31, 2027.\u00a0 The lease features a rental escalation in the primary term and in each of the three 5-year renewal option periods. Goodwill includes a drive-thru donation center and quality signage located prominently on Wisconsin Avenue.\u00a0 Goodwill is a nonprofit organization that provides job training, employment placement services, and other community-based programs for seniors, veterans, and people with disabilities, criminal backgrounds and other specialized needs.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>INVESTMENT HIGHLIGHTS<\/strong><\/p>\n<ul>\n<li>Located within the Milwaukee MSA<\/li>\n<li>Tenant recently extended lease showing commitment to this location<\/li>\n<li>More than 10 years remaining in primary term<\/li>\n<li>Rental escalations in primary term and renewal option periods<\/li>\n<li>Low rent per square foot<\/li>\n<li>Exceptional visibility and easy access<\/li>\n<li>Drive-thru donation center<\/li>\n<li>Benefits from its position within a strong retail corridor that features Shopko, Pick \u2018n Save (Kroger), Walgreens, Ace Hardware, O\u2019Reilly Auto Parts, NAPA Auto Parts and a number of quick service restaurants<\/li>\n<li>Average household income of approximately $91,900 annually within 3 miles of the property<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Boulder Group is pleased to exclusively market for sale a single tenant net leased Goodwill property located in Grafton, Wisconsin, approximately 20 miles north of downtown Milwaukee.\u00a0 The property is located in a strong retail corridor with excellent visibility and easy accessibility.\u00a0 The tenant, Goodwill Retail Services, has a network of more than 75 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[178],"tags":[315],"class_list":["post-1210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-net-lease-for-sale","tag-net-leased-goodwill"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.4 - 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