Goodwill - West Palm Beach, FL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the Goodwill located at 1715 East Tiffany Drive in Mangonia Park, FL (“Property” or “Asset”). The tenant is operating on a recently renewed absolute NNN lease with 14.7 years of lease term remaining, annual rent escalations of 2.0%, two, five-year renewal options, and zero landlord responsibilities. Moreover, the lease features a 3.5% management fee that functions as a profit center for the landlord, given the absolute NNN lease structure. The Property also benefits from a low in-place annual rent of $449K with increases annually. Since 1999, the Property has served as Gulfstream Goodwill Industries’ headquarters location, demonstrating the mission-criticality of the Asset.