Goodwill 8358 E Broadway Blvd 17,284 SF Retail Building Tucson, AZ 85710 $5,189,760 ($300.26/SF) 6.15% Cap Rate

This Goodwill property offers a NNN corporate guaranteed lease with an executed brand new 10-year lease extension. The tenant has operated at this location for ±10 years and has two 5-year renewal options with annual increases. The property is situated in a major commercial corridor with excellent visibility positioned along E Broadway Blvd (44,714 VPD), a major East-West thoroughfare.
This site has over 3,400 visits in foot traffic per week with +4.3% visits YOY and ranks in the 89th percentile nationwide for visits within the “Clothing” category, per placer.ai. The subject property is situated in a rapidly growing area with a projected population growth of +3.98% within 1 mile radius from 2024-2029, per LoopNet.
Tucson is Arizona’s second-largest city, with an MSA population exceeding 1.03MM and an annual growth rate of approximately 1%. The subject property is in a dense residential area with a population over 113,000 in 3 mile radius. It’s within 1 mile radius of several apartments with over 2,200 units combined and is less than 9 miles from University of Arizona, a top 100 global university with ±53,000 average annual student enrollment.
With over 3,300 independently operated locations, Goodwill has strong brand recognition nationwide.
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