NOR

ROANOKE, VA

15-YEAR NN LEASE WITH 14 YEARS REMAINING | 3% ANNUAL INCREASES

GOODWILL STORE

Contact the team

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

JOE CACCAMOjcaccamo@capitalpacific.comPH: 415.274.7394CA DRE# 01191110

IN CONJUNCTION WITH VA LICENSED BROKER: Andrew T. KnightNew England Commercial Brokerage, INC.PH: 860.648.1600

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GOODWILL STORE3206 ELECTRIC ROAD, ROANOKE, VA 24018

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

LANDLORD RESPONSIBILITIES ARE LIMITED TO ROOF REPLACEMENT, NOT REPAIR

5.75%CAP

$2,377,419PRICE

NOI: $136,701.60LEASE TYPE: NNLEASE TERM: 15 Years (14 Remaining)LEASE EXPIRATION: 12/31/2033LEASABLE AREA: 11,060 SFYEAR BUILT: 1998

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Overview

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

THE OFFERINGA Goodwill Store and Donation Center located in Roanoke, VA. There are 14 years remaining on the 15-year NN lease which features 3% annual increases. The landlord’s only responsibility is for replacement of the roof.

Goodwill, located on the corner of Brambleton Avenue and Electric Road, benefits from a combined traffic count of 52,000 VPD. U.S. Route 221, which becomes Brambleton Avenue, is a 734-mile long highway which connects Florida to Virginia and runs through Georgia, South Carolina, and North Carolina. Tanglewood Mall (797,524 SF) and surrounding retail is approximately 2 miles away and has been a regional shopping hub for Southwest Virginia for more than 35 years. Other retailers/restaurants in immediate proximity include Walgreens, Kroger, Hamrick’s of Roanoke, O’Reilly Auto Parts, Dollar General, Burger King, Arby’s, Taco Bell, and many more. There are 3 elementary schools, 1 middle school, and 2 high schools within 3 miles of Goodwill.

• Lease features 3% annual increases• Landlord responsibilities limited to

replacement of roof

HIGHLIGHTS

• Massive traffic counts at intersection exceed 52,000 VPD

• High identity location on U.S. Route 221 which connects Florida to Virginia

• 2 miles from Tanglewood Mall• Numerous other national retailers in

close proximity• 6 schools within 3 miles of the subject

property

DESIRABLE LOCATION

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Investment Highlights

PRICE $2,377,419 Capitalization Rate: 5.75%

Total Rentable Area (SF): 11,060

STABILIZED INCOME PER SQUARE FOOTScheduled Rent $12.36 $136,701.60Effective Gross Income $12.36 $136,701.60

LESS PER SQUARE FOOTTaxes NNN $0.00

Insurance NNN $0.00 Total Operating Expenses NNN $0.00

EQUALS NET OPERATING INCOME $136,701.60Landlord is responsible for replacement of the roof.

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 5

Income & Expense

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

TENANT INFO LEASE YEARS RENT SUMMARY

TENANT NAME SQ. FT. CURRENT RENT

MONTHLY RENT

YEARLY RENT

MONTHLY RENT/FT

YEARLY RENT/FT

Goodwill 11,060 3/1/2019 12/31/2019 $11,060.00 $132,720.00 $1.00 $12.00

1/1/2020 12/31/2020 $136,701.60 $11,391.80 $136,701.60 $1.03 $12.36

1/1/2021 12/31/2021 $11,733.55 $140,802.65 $1.06 $12.73

1/1/2022 12/31/2022 $12,085.56 $145,026.73 $1.09 $13.11

1/1/2023 12/31/2023 $12,448.13 $149,377.53 $1.13 $13.51

1/1/2024 12/31/2024 $12,821.57 $153,858.86 $1.16 $13.91

1/1/2025 12/31/2025 $13,206.22 $158,474.62 $1.19 $14.33

1/1/2026 12/31/2026 $13,602.41 $163,228.86 $1.23 $14.76

1/1/2027 12/31/2027 $14,010.48 $168,125.73 $1.27 $15.20

1/1/2028 12/31/2028 $14,430.79 $173,169.50 $1.30 $15.66

1/1/2029 12/31/2029 $14,863.72 $178,364.58 $1.34 $16.13

1/1/2030 12/31/2030 $15,309.63 $183,715.52 $1.38 $16.61

1/1/2031 12/31/2031 $15,768.92 $189,226.98 $1.43 $17.11

1/1/2032 12/31/2032 $16,241.98 $194,903.79 $1.47 $17.62

1/1/2033 12/31/2033 $16,729.24 $200,750.91 $1.51 $18.15

TOTALS: 11,060 $136,701.60 $11,391.80 $136,701.60 $1.03 $12.36

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Rent Roll

BRAMBLETON AVENUE

ELEC

TRIC

ROA

D

419

419

221

11,060RENTABLE SF

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Site Plan

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28,000 VPD

24,000 VPD

Goodwill Industries of the Valleys is a non-profit organization dedicated to helping people with disabilities and disadvantages overcome barriers to employment. It provides workforce development programs that empower people to achieve and sustain a level of independence to participate more fully in life. The programs are primarily funded through the collection and sale of donated goods, but also rely on the generous financial support of individual and corporate donors.

Goodwill Industries of the Valleys is also a member of the Virginia Goodwill Network (VGN), which is a consortium of five regional Goodwill organizations that provide services to tens of thousands of Virginians each year.

Six Goodwill organizations in Virginia generated a combined $718.2 million in economic impact and fiscal benefits in 2017, according to the latest biennial study by Elliott D. Pollack & Company for the Virginia Goodwill Network (VGN). Virginia Goodwills helped place 5,975 individuals into jobs in 46 industries in 2017.

2017 ECONOMIC IMPACT AND FISCAL BENEFITS$718.2M

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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Tenant Overview

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Subject Property

Surrounding Retail

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26,000VPD

24,000VPD

221BRAMBLETON AVENUE

BRAMBLETON AVENUE

ELECTRIC ROADELECTRIC ROAD

ROANOKE-BLACKSBURG

REGIONAL AIRPORT

VIRGINIA WESTERN

COMMUNITY COLLEGE

DOWNTOWN ROANOKE

CARILION ROANOKE MEMORIAL HOSPITAL

STOP IN FOOD

STORES

419

MEDICAL RESOURCES &

SOLUTIONS

SOL’S HAIR STUDIO

PERFECT NAILS

NAILS & SPA CENTER

DRAGON CHINA

DROPPIN HZ CAR AUDIO

SOLSTAS

Retail Aerial

TANGLEWOOD MALL

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 11

24,000VPD

26,000VPD

221

ELECTRIC ROAD

ELECTRIC ROAD

MIDDLE SCHOOL

ELEMENTARY SCHOOL

PETRA MEDITERRANEAN

SOUTHERN VAPE ESCAPE

THE ART & SCIENCE OF

DERMATOLOGY

#1NAIL&SPA

CAVE SPRING CLEANERS

STAR CITY TATTOOS

HIDDEN VALLEY

HIGH SCHOOL

ROANOKE COMPUTERS

CAVE SPRING CAR WASH

COUNTRY COOKIN

DON CAMERON

RE/MAX ALL

POINTS

419

BRAM

BLETON AVENUE

BRAM

BLETON AVENUE

PROACTIVE HEALTH AND LIFE INSURANCE LLC

CAVE SPRING

HIGH SCHOOL

OTTER PARK

MEDICAL RESOURCES &

SOLUTIONS

SOL’S HAIR STUDIO

PERFECT NAILS

Retail Aerial

ELECTRIC ROADELECTRIC ROAD

28,000VPD

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 12

419

419

221

221

ELECTRIC ROADELECTRIC ROAD

ELECTRIC ROADELECTRIC ROAD

BRAMBLETON AVENUE

BRAMBLETON AVENUE

BRAMBLE

TON A

VENUE

BRAMBLE

TON A

VENUE

SCHOOL

ROANOKE COUNTY

HIGH SCHOOL

ELEMENTARY SCHOOL

28,000 VPD

26,000 VPD

24,000 VPD

ROANOKE CITY

CENTER

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Aerial

TANGLEWOOD MALL

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POPULATION

1-MILE 3-MILES 5-MILES

2010 8,462 49,020 103,190

2019 8,664 50,759 107,407

2024 8,784 51,459 108,984

2019 HH INCOME

1-MILE 3-MILES

Average $79,242 $93,423

Median $61,201 $64,372

TOP EMPLOYERS

EMPLOYER INDUSTRY

Carilion Clinic Health Care

Kroger Retail and Regional Office

Wells Fargo Bank Banking

HCA Health System Health Care

Walmart Retail

ROANOKE

ATLANTA, GA

THE AVERAGE HOUSEHOLD INCOME WITHIN A 3-MILE RADIUS

IS OVER $93K

RICHMOND(168 MILES)

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

NEW YORK, NY

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Demographics

ROANOKE, VIRGINIA

ROANOKE is located midway between New York, NY, and Atlanta, GA, on Interstate 81, 168 miles west of the state capital, Richmond, VA. Roanoke is the largest municipality in Southwest Virgina and the principal city in the Roanoke Metro Area, which has a population of over 312,000 residents. The city’s position on the East Coast gives it ready access to close to two-thirds of the total population of the nation within a radius of 500 miles.

The scenic beauty of the Roanoke Valley, located between the Blue Ridge and the Virginia Alleghany Highlands, makes the city a pleasant, as well as, an economically diverse place to live and work.

ROANOKE VALLEY is a hub for financial, health care, logistics, legal, and manufacturing for all of western Virginia. The region’s diversified economy includes major operations in banking, insurance, advanced manufacturing, and automotive suppliers. Roanoke is home to one of Virginia’s largest healthcare systems, Carilion Clinic, which employs 13,320 workers and provides care for nearly 1 million Virginians and West Virginians.

312,688ROANOKE MSA POPULATION (ESTIMATED)

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

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Location Overview

Contact us.

CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM.

CAPITALPACIFIC.COM

JOE CACCAMOjcaccamo@capitalpacific.comPH: 415.274.7394CA DRE# 01191110

IN CONJUNCTION WITH VA LICENSED BROKER: Andrew T. KnightNew England Commercial Brokerage, INC.PH: 860.648.1600

Copyright © 2019 Capital Pacific Partners

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.