GOODWILL | $3,000,000 | 6.80% CAP
The Deltondo Advisory Group is pleased to present for sale the fee simple interest in this single-tenant Goodwill located at 2201 6th Avenue North, Escanaba, MI 49829.
The subject property is comprised of 21,115 square feet and was built in 2008. The building sits on a large 2.27 Acre lot with ample parking. Located just off of North Lincoln Road Goodwill is passed by 27,000+ Vehicles Per Day.
Goodwill of Northern WI and Upper WI holds a Triple-Net Lease with 9.75 years remaining. The original 20 Year Lease includes 1% rental increases annually as well as a percentage rent increase over 20% of gross sales.
Goodwill Industries International Inc. is an American nonprofit 501c organization that provides job training, employment placement services, and other community-based programs for people who have disabilities. In addition, Goodwill Industries may hire veterans, individuals that lack education or job experience or face employment challenges. Goodwill is funded by a massive network of retail thrift stores which operate as nonprofits as well. Goodwill’s answer to its profit status is “As a unique hybrid called a social enterprise, we defy traditional distinctions. Instead of a single bottom line of profit, we hold ourselves accountable to a triple bottom line of people, planet, and performance.” They were founded in 1902 and are headquartered in Rockville, Maryland.
2201 6TH AVENUE NORTH
ESCANABA, MI 49829