Autozone 1935 North Hollywood Boulevard Las Vegas, Nevada 89156

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Autozone 1935 North Hollywood Boulevard Las Vegas, Nevada 89156 OFFERING MEMORANDUM AUTOZONE 1935 NORTH HOLLYWOOD BOULEVARD LAS VEGAS, NEVADA 89156 AutoZone was founded in 1979 and has been publicly held since 1991. AutoZone stock trades on the New York Stock Exchange under the ticker symbol “AZO” and is included in the Standard & Poor’s 500 index. AutoZone is also recognized on the list of Fortune 500 companies. CONFIDENTIALITY AGREEMENT © 2018 Colliers International This Confidential Offering Memorandum (the “Memorandum”) is being delivered exclusively by Colliers International (the “Agent”) to a party who may be interested in the acquisition of TJ Plaza (the “Property”), described in this Memorandum. This is a private offering, made only by delivery of a copy of the Memorandum to the recipient (the “Recipient”). By accepting this Memorandum, the Recipient agrees to comply strictly with the terms and conditions of the Confidentiality Agreement previously executed and delivered to the Agent by the Recipient with respect to this Memorandum and all information contained herein, and to use this Memorandum only for the purpose of evaluating the offering made hereby. Property is being offered for auction in an “as-is, where-is” condition and Seller and Broker make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum. The enclosed materials include highly confidential information and are being furnished solely for the purpose of review by prospective purchasers of the interest described herein. Neither the enclosed materials nor any information contained herein is to be used for any other purpose or made available to any other person without the express written consent of the Seller. Each recipient, as a prerequisite to receiving the enclosed, should be registered with Broker as a “Registered Potential Investor” or as “Buyer’s Agent” for an identified “Registered Potential Investor” through the execution of the Confidentiality Agreement. The use of this Offering Memorandum and the information provided herein is subject to the terms, provisions and limitations of the confidentiality agreement furnished by Broker prior to delivery of this Offering Memorandum. The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. The materials contained herein are based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by Broker or Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, but rather only outlines of some of the principal provisions contained therein. Neither the Broker nor the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein or any other written or oral communications or information transmitted or made available or any action taken or decision made by the recipient with respect to Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the materials contained herein. Seller reserves the right, at its sole and absolute discretion, to withdraw Property from being marketed for auction at any time and for any reason. Seller expressly reserves the right, at its sole and absolute discretion, to reject any and all expressions of interest or offers regarding Property and/or to terminate discussions with any entity at any time, with or without notice. This offering is made subject to omissions, corrections of errors, change of price or other terms, with respect to sale or withdrawal from the market without notice. Broker is not authorized to make any representations or agreements on behalf of the Seller. Further, Seller reserves the right to negotiate and accept an offer prior to bid deadline. Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigations and/or making an offer to purchase Property unless and until a binding written agreement for the purchase of Property has been fully executed, delivered, and approved by Seller and any conditions to Seller and Purchaser’s obligations there under have been satisfied or waived. By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to Broker or Seller promptly upon request; and (b) the recipient shall not contact employees of Property directly or indirectly regarding any aspect of the enclosed materials of Property without the prior written approval of the or Broker; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of Seller or Broker or as otherwise provided in the Confidentiality and/or Registration Agreement executed and delivered by the recipient(s) to Broker. EXCLUSIVE LISTING AGENT Brian Fike Vice President +1 702 836 3744 [email protected] EXECUTIVE SUMMARY Colliers International is pleased to announce a (NNN) triple net leased investment opportunity for an AutoZone auto parts store in Las Vegas, Nevada. This site is just off the southwest corner of East Lake Mead Boulevard and Hollywood Boulevard, both high volume traffic corridors. Cross easements exist over the entire site which includes both Dollar Tree, and Tire Works, providing access from East Lake Mead Boulevard. HIGHLIGHTS • Absoulute Triple Net Lease (NNN) • 15 Year Lease With 4 Years 10 Months Remaining • Corporate Guaranty • Zero Landlord Obligations • 100% Fee Simple Interest MARKET OVERVIEW: Positioned in the northeast submarket of Las Vegas, this AutoZone auto parts store is located on the west side of Hollywood Boulevard, just south of the major east-west arterial, East Lake Mead Boulevard. This store generally serves a working class area that includes Nellis Air Force Base, Sunrise Manor, and the far northeastern part of the Las Vegas Valley. Lake Mead Boulevard is a major traffic arterial that extends across the entire expanse of the Las Vegas Valley and continues east to Lake Mead Recreation Area. AUTOZONE – COLLIERS INTERNATIONAL 3 FINANCIALS BASE RENT $172,788.00 ASKING PRICE $2,658,277 Cap Rate 6.50% Building SF 7,370 NET OPERATING INCOME Net Cash Flow $172,788 Year Built 2008 $172,788.00 Lot Size .68 acres/29,621 Sq. Ft. LEASE SUMMARY TOTAL RETURN Lease Type Absolute Triple-Net (NNN) Tenant Auto Zone 6.50% – $172,788.00 Lease Guarantor Auto Zone Development Corporation Roof and Structure Tenant Responsible Rent Commencement Date 2008 Lease Term 15 Years ANNUALIZED OPERATING DATA Remaining Term 4 years 10 months LEASE YEARS ANNUAL RENT CAP RATE Rental Increases 10% every 5 years Renewal Options Four (4) Five ( 5) year terms 10 thru 15 $172,788 6.50% AUTOZONE – COLLIERS INTERNATIONAL 4 The Company was founded in 1979 and has been publicly held since 1991. AutoZone stock trades on the New York Stock Exchange under the ticker symbol “AZO” and is included in the Standard & Poor’s 500 index. AutoZone is also recognized on the list of Fortune 500 companies. AutoZone currently operates 5,915 auto parts locations, including 499 in Mexico, nine in Brazil and 26 Interamerican Motor Corporation (‘’IMC’’) branches. Each AutoZone store carries an extensive product line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. Many of their domestic AutoZone stores have commercial sales program that provide commercial credit and prompt delivery of parts and other products to local, regional and national repair garages, dealers, service stations and public sector accounts. The Company also has commercial programs in AutoZone stores in Mexico and Brazil. IMC branches carry an extensive line of original equipment quality import replacement parts. They also sell the ALLDATA brand automotive diagnostic and repair software through www.alldata.com and www.alldatadiy.com. Additionally, they sell automotive hard parts, maintenance items, accessories and non-automotive products through www.autozone. com, and accessories, performance and replacement parts through www.autoanything.com, and our commercial customers can make purchases through www.autozonepro.com and www.imcparts.net. Each of the Company’s AutoZoners is committed to the highest level of customer service - every store has AutoZoners equipped with the tools and knowledge necessary to provide the highest level of technical advice and diagnostic support to their customers. AutoZone’s website, www. AutoZone.com, can be used to order parts online or to look up parts in the customer’s local AutoZone store. The website is also a great resource for helpful maintenance and repair information. Through ALLDATA, the Company provides the most comprehensive electronic diagnostic and repair information available to professional mechanics either online, on CD or DVD. AUTOZONE – COLLIERS INTERNATIONAL 5 LAS VEGAS E WAY UT PAIUTE GOLF RESORT PAI 93 15 95 APEX INDUSTRIAL PARK KYLE CANYON RD KYLE SPRING SILVERSTONE IRON CANYON MOUNTAIN MOUNTAIN 157 GATEWAY RANCH
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