Goodwill

Investment Overview

Over 6 years remaining in the base term of the lease, which features a rental increase in 2029 and no remaining options, providing upside potential in a re-lease scenario at market rental rates. The tenant has operated at this location for nearly 23 years and is the only Goodwill location within a 15-mile radius, demonstrating consistent performance and dedication to the market.

Investment Highlights

• Mid-Term Lease: Over 6 years remaining in the base term that features a 4.3% rental increase on 4/1/2029
• Excellent Intrinsics: Below market rent ($9.50/SF) and low price per foot ($135.74)
• Upside Potential: No remaining options presenting a re-lease scenario at or above market rental rates
• Ideal Positioning: Located at the signalized hard corner intersection of S Broadway Street and Shawnee Street
• Long Operating History: Tenant has been at the location since 2003, demonstrating consistent performance and dedication to the market
• Market Exclusivity: Only Goodwill location within a 15-mile radius
• Brand Recognition: North America’s leading provider of workforce training and secondhand retail
• Financial Strength: FY 2025 revenue surpassed $7 billion, up 7% over the previous year
• Retail Footprint: Over 3,400 store locations across the U.S. and Canada
• Military Base Presence: Nearby Fort Leavenworth has a base-supported population of ~40,000 and generates an estimated $2.3 billion in economic impact to the region