PHOENIX ARIZONA - LoopNet

[Pages:15]OFFERING MEMORANDUM

PHOENIX ARIZONA Rent Escalations Every 3-Years Hedges Against Inflation

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap Real Estate Investment Services, Inc. ("M&M") is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation's logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

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93

LA PAZ

60

Wickenburg

17

188

TABLE OF CONTENTS

Cave Creek

87

60

60

Sun City West

Investment

S1u0mmar

y..........................................1 MA

R

I

C

O

P

A

Investment Highlights.........................................2

Aerial Map..........................................................4

Tenant Summary.................................................5

Buckeye

Surprise El Mirage

Sun City

Fountain Hills

Youngtown

Peoria

Luke AFB

Glendale Paradise Valley

88

Scottsdale

Litchfield Park

Goodyear

Tolleson

Phoenix

Avondale

85

Cashion

Tempe 60

Mesa Dreamland-Velda Rose Apache Junction

87 Guadalupe

Gilbert

Chandler

Location Highlights..............................................6

10

Williams AFB

60

Location Overview...............................................7 Area Map............................................................8 85

Sun Lakes

87

89

Sacaton

Demographics.....................................................9

Gila Bend

Coolidge

Florence

8

84

Casa Grande

8

PINAL

Eloy

10

85

YUMA

GI

88

Superior

Claypool Central Heights-Midland Miami Globe

177

77

Kearny

Hayden Winkelman

Dudleyville

77

89

Mammot

77

Oracle

San Ma

Catalina

Marana Oro Valley

Ajo

86 85

PIMA

Tucson Estates

86

Tucson

South Tucson Davis-Monthan AFB

89

INVESTMENT SUMMARY

2550 W VAN BUREN STREET, PHOENIX, AZ 85009

PRICE: $2,185,100

CAP: 6.25%

RENT: $136,568

OVERVIEW

Price Gross Leasable Area (GLA) Lot Size (approx) Net Operating Income CAP Rate Year Built

LEASE ABSTRACT

Lease Type Original Lease Term Lease Term Commenced (Estimate) Lease Expiration Remaining Lease Term Renewal Options Increases Landlord Obligation

$2,185,100 8,320 SF

1.28 Acres $136,568 6.25% 2013

NNN 15 Years 7/2/2015 3/31/2029 10.7 years

6x5 Rent inc every 3-yrs. CPI adjusted, not to exceed 6%

None At All

ANNUALIZED OPERATING DATA

Lease Term Current 8-11* 12-15 Option 1 Option 2 Option 3 Option 4 Option 5 Option 6

Annual Rent $136,568 $144,762 $153,448 $162,655 $172,414 $182,759 $193,724 $205,348 $217,669

* Escalations based on CPI, not to exceed 6%. For ease of reference, the adjustment here is calculated at 6%, but actual adjustments may vary.

1

INVESTMENT HIGHLIGHTS

tt Densely populated suburban area tt Rental escalations every 3 years hedges against inflation tt 20 year roof warranty in place tt Minimal Landlord Responsibilities tt Investment grade tenant (S&P BBB- rated)

376,730

T O TA L P O P U L AT I O N WITHIN 5-MILE RADIUS

$48,929

AVERAGE HOUSEHOLD INCOME WITHIN 5-MILE RADIUS

23,076 VPD - W VAN BUREN STREET 19,075 VPD - N 27TH AVENUE

2

INVESTMENT HIGHLIGHTS

This corporate guaranteed Family Dollar (NYSE:FDO) offers a 10.7 year lease with minimal landlord responsibilities with six 5-year options thereafter, and rent escalations during base and option periods. The affluent and strong density surrounding populous creates an inviting passive investment opportunity.

Minimal competition in the immediate area, creates a strong market presence.

NNN

Minimal landlord obligations with roof warranty in place (through 2034)

Minimal competition in immediate area corners the

neighborhood's business

Newer 2013 construction

Rental escalations every 3-years hedges

against inflation

Strong population density with over 377,092 residents within a

5-mile radius and growing.

3

J B Sutton Elementary School

Isaac School

Willow Park

10 FWY

Central Industrial District

William R Sullivan Elementary School

17 FWY N 27TH AVE - 19,075 VPD

W VAN BUREN STREET - 23,076 VPD

Rollfab Metal Products

Feeders Grain Co

Saint Matthew Catholic School

Alexander Park

4

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