Goodwill Retail Center
|Catylist Listing ID:
|Building Size (RSF):
|Gross Building Area:
|Property Use Type:
||Net Leased Investment (NNN)
||Cash to Seller, Owner Financing
Overview / Comments
The subject property is a Goodwill store located at 3125 US 42 in Marquette, Michigan. The property consists of approximately 2 acres and is comprised of a 19,916 square foot building that was built in 1998.
Marquette is a city in Marquette County that is located in the north central portion of the Upper Peninsula of Michigan. According to the 2019 U.S. Census, the population of Marquette County was 66,699 while the population of Marquette was 20,995. Marquette is home to Northern Michigan University, with an annual enrollment of 7,600 students. Major employers of the area include UP Health System, Cliffs Natural Resources, Upper Peninsula Medical Center, Bell Hospital and Walmart.
In year one the Cap Rate is 6.06%, in year 2 the Cap Rate bumps to 6.36%. This is a 15 year Absolute Net Lease that began in 6/1/2017. There are 11 years remaining on the Goodwill lease.
Attachments & Media
|Total Number of Buildings:
|Number of Stories:
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Commercial Alliance of REALTORS West Michigan nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.