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Goodwill 2201 6th Ave N

21,000 SF Retail Building Escanaba, MI 49829 £2,884,246 (£137/SF) 6.25% Net Initial Yield

Investment Highlights

  • Well Positioned as an Outparcel to Walmart
  • Over 20,000+ VPD
  • Over 15 years of occupancy at this site
  • Escanaba is the Retail Shopping Destination for all of Delta County (Pop. 36,741)
  • 12+ years of Firm Term left on Lease
  • Located in the County Seat of Delta County, MI

Executive Summary

Inventure Real Estate is pleased to offer the NNN Goodwill property located in Escanaba, MI. It offers investors the opportunity to invest in a strong national brand, Goodwill, with a favorable "hands off" NNN lease structure. This property is well positioned as an outparcel to Walmart, the towns largest retailer, therefore benefiting from increased traffic to the site. In addition, this is the main retail corridor in Escanaba offering intrinsic value to the real estate.
Escanaba is the county seat of Delta County and is known for it's natural beauty and many outdoor activities with over 514 miles of rivers, 144 miles of lake frontage, 148 inland lakes, and over 700,000 acres of hunting land in the Hiawatha National Forest. Escanaba is the retail shopping destination for all of Delta County, and benefits from a county population of 36,741 people.
Goodwill Industries of Northern Wisconsin and Upper Michigan has a mission "to enhance the dignity and quality of life of individuals, families, and communities by eliminating barriers to opportunity and helping people in need reach their fullest potential through the power of work". Goodwill Industries is a well known, national brand and consists of more than 150 community-based, autonomous organizations
across the United States, Canada, and has a presence in over 12 other countries. Goodwill is a respected household name and is a leading provider of educational and workforce related services.

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
21,000 SF
Year Built
2008
Price
£2,884,246
Price Per SF
£137
Net Initial Yield
6.25%
NOI
£180,265
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Lot Size
2.27 AC
Opportunity Zone
Yes
Zoning
C
Parking
84 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
425 ft on 6th Ave N
Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Starbucks
IGA
ALDI
Meijer
F45 Training, Inc.
Fit Body Boot Camp

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
210514202930100002
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£493,243
  • Listing ID: 31531328

  • Date on Market: 17/04/2024

  • Last Updated:

  • Address: 2201 6th Ave N, Escanaba, MI 49829

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