Goodwill

Lowest
Cap Rate

6.50%

Lowest cap rate over past 24 months

Average
Cap Rate

7.25%

12 mo avg with 5+ yr lease term

Overview

Goodwill was founded in 1902 in Boston, Massachusetts, by Reverend Edgar J. Helms as a mission-driven organization providing job training and employment placement through the resale of donated goods. Today, Goodwill is one of the largest nonprofit organizations in the U.S., operating thousands of thrift stores under a regional affiliate model. Each local Goodwill chapter functions as an independent nonprofit entity but follows national branding and operational guidelines coordinated by Goodwill Industries International.

Average Property & Lease

Average Sale Price	$2,500,000 – $4,500,000
Average NOI	$175,000 – $300,000
Building SF	15,000
Lease Term	15 Years
Escalations	10% Every 5 Years
Stock Symbol	N/A

CREDIT RATING

S&P	N/A
Moody's	N/A

TENANT DESCRIPTION

Goodwill stores typically range from 15,000 to 25,000 square feet, located on 1.0 to 3.0-acre parcels in community shopping centers, standalone pads, or former big-box spaces. Lease terms are generally 10 to 15 years NNN, often with 5% to 10% rent increases every 5 years. Since Goodwill is a nonprofit, lease guarantees and credit structures vary by region, with some leases backed by well-capitalized regional affiliates.

Founded	1902
Headquarters	Rockville, MD, U.S.
Number of Locations	3,300
Revenue	$6.4 B
Company Website	https://www.goodwill.org
Key Principal	Steve Preston

Goodwill

Lowest Cap Rate

6.50%

Average Cap Rate

7.25%

Overview

Average Property & Lease

CREDIT RATING

S&P

N/A

Moody's

N/A

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate