OFFERING MEMORANDUM
TEMPE ARIZONA
Free Standing Goodwill Elliot Plaza Shopping Center 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 w, 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. Fredonia
15 Page 160
389 163 89A 89
Kayenta 89A 160
67
Lukachukai
Many Farms
89 191
Chinle Tuba City 160
Grand Canyon Village 64
264
180 APACHE
COCONINO 264 Fort Defiance 93 264
Window Rock
MOHAVE 89
66 180 77 191 87 Williams 64
NAVAJO
40 40 40 68 Kingman Flagstaff
Bullhead City
666
Winslow
40 61 89 89A Holbrook 40 Sedona 17 180
Clarkdale Chino Valley Jerome Cottonwood 87 666 89A 77 279 95
93 Prescott Valley 180 Bagdad Camp Verde Prescott 180A
87 Snowflake St. Johns Lake Havasu City 277 Taylor 69 89 77 61 260 180
YAVAPAI 260 60 Show Low Payson
Parker 87 Lakeside 60 Pinetop Springerville Eagar 71 93 260 17 180 Wickenburg 60 72 188 McNary LA PAZ
Cave Creek 87 Whiteriver 95 TABLE OF CONTENTS 60 60 60 Sun City West
Surprise 10 Sun City El Mirage Fountain Hills Investment Summary...... 2 Youngtown Peoria GILA 10 MARICOPA Luke AFB Glendale Paradise Valley Lease Abstract...... 3 88 88 Litchfield Park Scottsdale
Goodyear Tolleson Phoenix Avondale Cashion Investment Highlights...... 7 Dreamland-Velda Rose 666 60 Central Heights-Midland Mesa Apache Junction Claypool 85 Miami Globe Buckeye Tempe Aerial Map...... 8 Guadalupe 87 Gilbert San Carlos Chandler GREENLEE Williams AFB 10 60 Superior 95 Site Plan...... 10
Sun Lakes 70 Tenant Summary...... 12 87 89 77 Bylas 85 177 Location Map...... 14 Sacaton Stargo Kearny Clifton Florence Morenci
Location Overview...... 16 Hayden Winkelman Coolidge
Gila Bend Arizona State University—Tempe, AZ...... 17 Dudleyville Pima Casa Grande 84 Safford Yuma Proving Ground 8 666 Location Highlights...... 19 8 Thatcher 75 77 PINAL 70 Demographics...... 22 Eloy 89 GRAHAM Mammoth Duncan
Yuma Wellton 8 10 8BR 85 666 Oracle Somerton 77 San Manuel YUMA 95
San Luis Catalina
Marana
Oro Valley Ajo
10
Willcox Tucson 86 Tucson Estates South Tucson Davis-Monthan AFB 186 PIMA 86
85 89 10 Benson 181 Sells 80 Green Valley 83 COCHISE 90 666
82 Tombstone
Huachuca City
19 Sierra Vista Patagonia 90 82 80 80
Bisbee SANTA CRUZ 92 Pirtleville Nogales Douglas 1 INVESTMENT SUMMARY
7850 S PRIEST DRIVE, TEMPE, AZ 85284 PRICE: $6,484,200 CAP: 6.25% RENT: $405,262
GOODWILL - OVERVIEW ANNUALIZED OPERATING DATA
Price $6,484,200 Lease Term Annual Rent Gross Leasable Area (GLA) 32,421 SF 1-5 $405,262 Lot Size (approx) 3.24 Acres 6-10 $453,894 Net Operating Income $405,262 Option 1 $491,178 CAP Rate 6.25% Option 2 $543,051 Year Built / Renovated 1994 / 2015
LEASE ABSTRACT
Lease Type* NN Original Lease Term 10 Years * Original lease commenced 12/23/2014, and Lease Term Commenced Tenant extended lease thru 9/30/2028 Lease Expiration 9/30/2028 Remaining Lease Term 9.3 Years Renewal Options 2x5 Increases Bumps every 5 years Landlord Responsibilities Roof & Structure
* See Lease Abstract on following page.
2 LEASE ABSTRACT
GOODWILL
Tenant Goodwill Industries of Central Arizona Guarantee None Initial Term 10 years Options 2x5 Lease Commencement 12/23/14 and extended on 11/3/2018 for 10-years Years Remaining (Base Term) 9.3 Percentage Rent None Security Deposit None Additional Rent Tenant's pro rata share to be paid monthly on taxes $7,658.98, the Shopping Center Operating Costs $3,230.70 & Insurance $417.76 for total of $11,307.44. Costs to be adjusted annually on Landlord's reasonable estimate Operating Costs Cap Shall not increase more than 5% in any lease year on a non-cumulative basis Operating Costs Definition All of the Shopping Center's Operating Costs. To include repairing/replacing & maintaining the common areas, more specifically: insurance premiums/deductibles, utility charges, lawn care and landscaping, irrigation, repainting and staining, repairs, replacement, security, line painting, restriping, seal-coating, cleaning, sweeping, and parking lot resurfacing, lighting, plumbing, electrical lines, pest control, removal of trash, snow removal, cost of personnel to implement these services, pylon repair and reasonable management fees. Capital improvements over $25,000 shall be amortized and not funded thru reserves CC&R’s To be managed by Seller’s entity. Common area charges are to be paid by Tenant. Tenant’s proportionate share for CAM’s is 22.65%. Reporting Tenant shall report annual gross sales upon written landlord request Real Estate Taxes Pass through payment Exclusivity No other tenant in center can be a thrift store Parking Nonexclusive rights to entire center Landlord Maintenance Foundation, slab, column footings, exterior walls, roofs, roof membrane, gutters, downspouts, structural elements. As of 5/2018 it was reported upon inspection of the roof that it is in “fair/good” condition, with no drainage or other concerns identified. Tenant Maintenance Repair and keep in good order store front, interior, all exterior doors, HVAC, plumbing, sprinklers, fixtures, equipment, glass replacement, repair whether interior/exterior Property Insurance Landlord shall procure & maintain on all building an common areas of the shopping center, fire & extended coverage, property damage, liability insurance . Tenant's pro rata share shall be reimbursed by tenant Liability & Other Insurance Tenant shall maintain commercial general liability insurance, worker's compensation and employer's liability insurance, all risk Estoppel & SNDA Tenant to provide within 15 business days of request / CC&R estoppels by Declarant has a 10-day turn around time frame Security Landlord has no responsibility to provide security for any portion of the Center including the premises or the common areas
3 * Property boundaries TBD. 4 5 6 INVESTMENT HIGHLIGHTS
tt Goodwill offers a long term single tenant modified NNN lease (minimal landlord obligations) tt The Center is anchored by LA Fitness and is surrounded by other national retailers such as Costco, WalMart and Ross Dress For Less tt The Goodwill is located in a shopping center that is 100% leased with 70% of the tenants leased thru the next 6 years (prior to options) tt Densely populated area and strong retail/residential infill limits future new development, creating high barriers to entry for direct competition to the tenancy tt Significant visibility with more than 202,000 VPD passing in front of the site daily and its proximity to the I-10, the 202 loop and 101 Fwy 272,509 $88,811 TOTAL AVERAGE POPULATION HOUSEHOLD WITHIN 5-MILE INCOME WITHIN RADIUS 5-MILE RADIUS
213,727 VPD - INTERSTATE 10 33,453 VPD - ELLIOT ROAD 21,586 VPD - PRIEST DRIVE 7 McDonald’s Burger King
I-10 - 213,727 VPD
ELLIOT ROAD - 33,453 VPD
S PRIEST DRIVE - 21,586 VPD
8 The site is strategically situated at the primary I-10 - 213,727 VPD signalized intersection at Elliot Rd., and Priest Dr., just off the freeway along the region’s retail corridor located between I-10 and Loop 101. The surrounding area benefits from strong daytime population fed by its proximity to the Arizona State University Research Park and the Discovery Business Park along with over 3,000,000 SF of office and light industrial space.
ELLIOT ROAD - 33,453 VPD
S PRIEST DRIVE - 21,586 VPD
9 SITE PLAN
PRIEST DRIVE AUTO DRIVE AUTO W ELLIOT BLVD
NOTE: Site plan to be adjusted once subdivision is finalized 10 11 TENANT SUMMARY
GOODWILL INDUSTRIES www.goodwill.org
All Things Goodwill:
Goodwill Industries International Inc., or shortened to Goodwill, Currently, there are two public faces of Goodwill. Organization expert (stylized as goodwill) is an American nonprofit 501(c)(3) organization Lorie Marrero is the face of the Donate Movement, which began in that provides job training, employment placement services, and other 2010. ABC correspondent Evette Rios partnered with Goodwill in 2012 community-based programs for people who have barriers preventing to help appeal to the Latin American market. them from otherwise obtaining a job. In addition, Goodwill Industries Goodwill was ranked among the top five brands that inspired consumers may hire veterans and individuals who lack education or job experience the most with its mission in the Brand World Value Index for the past or face employment challenges. Goodwill is funded by a massive three years (2018 Brand World Value Index). network of retail thrift stores which operate as nonprofits as well. Goodwill’s answer to its profit status is “As a unique hybrid called a Their mission results in 2017 were notably exceptional: more than social enterprise, we defy traditional distinctions. Instead of a single 288,000 people placed into employment, more than 30,000 people bottom line of profit, we hold ourselves accountable to a triple bottom engaged with local Goodwill organizations to earn a credential. As a line of people, planet, and performance.” result, these individuals increased their collective lifetime earnings by more than $15.8 billion. More than 38.6 million total persons served. Goodwill operates as a network of independent, community-based Over 2.1 million people received Goodwill services in-person to build organizations in South Korea, Venezuela, Brazil, Mexico, Panama, their career and financial assets. More than 36.5 million people used Uruguay, the United States, Canada, and 8 other countries, with 162 computers and mobile devices to access Goodwill training virtually. local Goodwills in the United States and Canada. It slowly expanded from its founding in 1902 and was first called Goodwill in 1915. In 2014, Founded by The Reverend Edgar J. Helms 1902. Goodwill organizations generated a total of $5.59 billion in revenue, 83 percent of which was spent directly on programs. In 2015, the group served more than 37 million people, with more than 312,000 people placed into employment. 12 GOODWILL INDUSTRIES
ROCKVILLE, MD HEADQUARTERS
1902 3,200+
FOUNDED LOCATIONS
MARK NON-PROFIT CURRANCEO OWNERSHIP
$3.53B $5.7B REVENUE ANNUAL SALES
13 Alder Creek
Bartlett 74 Lake Reservoir Pleasant
New River Rd Desert Hills Dr Federal Irvine Rd Morristown Hwy Correctional C Carefree 74 Institute a Hassayampa River Joy Ranch Rd ve C 27th Ave re e k Beeline Hwy
17 17th Ave Cave Creek Rd Black Mountain Rd Cloud Cloud Rd
Rd 7th Ave Verde River
16th St
7th St 7th Scottsdale Rd 33rd Ave Carefree Hwy Carefree Hwy 74
Dove Valley Rd 211th Ave Dove Valley Rd
Ogden Rd Verde River
Lone Mountain Rd 56th St Lone Mountain Rd Lone Mountain Rd
219th Ave
Black Canyon Hwy
Sycamore Creek
Bradley Rd 187th Ave Dixileta Dr Dixileta Dr
118th St
Lake Pleasant Rd
136th St 136th Pima Rd St 168th
174th St 160th St 160th
144th St
152nd St
243rd Ave
235th Ave Mounbatten Rd Dynamite Blvd Patton Rd Crozier St
203rd Ave 203rd 60 Sarival Ave Sarival Lake
64th St 64th Jomax Rd Jomax Rd
Jomax Rd Bonita Jomax Rd 116th St 128th St 128th Cave Creek Agua Fria River
Happy Valley Rd Scottsdale Rd Happy Valley Rd Happy Valley Rd Alma
School Rd
93rd Ave 93rd Cave Creek Rd Ave 51st Pinnacle Peak Rd
Pinnacle Peak Rd 163rd Ave 163rd 195th Ave 195th Sun City Thunderbird Pinnacle Peak Rd McDowell Phoenix-Deer Valley Wickenburg Hwy Park Mountain West Deer Valley Rd Municipal Airport 64th St Deer Valley Rd Deer Valley Rd Deer Valley Rd Park
83rd Ave 83rd Skunk Creek tardust Blvd Peoria JohnsonS Blvd 59th Ave Beardsley Rd e Beardsley Rd
v 101
Canal Rd A Beardsley Rd h t Verde River 8 107th Ave Beeline Hwy 2 Union Hills Dr 1 Union Hills Dr Union Hills Dr Sunrise Blvd Union Hills Dr Fort McDowell
Tatum Blvd Tatum
El Mirage Rd Mirage El Ave 91st Mohave-Apache 17 Scottsdale Sycamore Creek
7th Ave 75th Ave 75th
67th Ave Bell Rd Bell Rd Indian Reservation 87
d Grand Ave v
l enway P B re k Trilby Wash Sun G wy
32nd St 32nd F Detention Basin Greenway Rd Greenway Rd Greenway Rd ra b Scottsdale n City b k e Greenway Airport New River Fountain Cave Creek Rd Cave L
W Rd Moon Valley 40th St l
l o
e Country Club Thunderbird Rd 64th St yd W Hills Thunderbird Rd Fountain Waddell Rd D r Hills Blvd Thunderbird Rd Cave Creek Bush Hwy 7th St ig Surprise Sweetwater Ave ht Blv Palisades El 99th d Blvd Ave White Tank Cactus Rd St 56th 66th St Cactus Rd Cactus Rd Cactus Rd Palomino S Mountain agu
Mirage Quail Run a r
19th Ave Regional Park GC Scottsdale Country Club Blvd o
SurpriseAve Southwestern Kingstree B
108th St
North/South 96th St Sarival Ave Sarival
24th St Cotton Ln
Reems Rd Shea Blvd Bullard Ave l
Citrus Rd Ave 111th College
107th Ave 107th Peoria Ave v Blvd d
GC 59th Ave Peoria Ave Youngtown Sun City Mountain View Rd Saquaro Lake
51st Ave CC Ave 43rd
35th Ave 67th Ave
Litchfield Rd Olive Ave Dunlap Ave Doubletree Ranch Rd Via Linda Glendale Community 51 Country College Meadows GC Northern Ave Via De El Mirage Rd Mirage El Paradise Ventura Salt River Canyon Luke Glendale Ave Indian Bend Rd Salt River Pima-Maricopa Lake Glendale Ave 105th Ave Phoenix Junior Valley
303 College Indian Reservation
Tatum Blvd Tatum Scottsdale Rd Scottsdale AFB 60 Lincoln Dr Glendale Bethany Home Rd Mcdonald Dr Scottsdale Grand AveGrand Canyon Community Mesa Rd
83rd Ave 101 75th Ave
91st Ave Tonto 67th Ave 63rd Ave
College Squaw Peak Pkwy College
7th Ave 7th St 7th
19th Ave Central Ave Central Canal Beeline Hwy
Camelback Rd Camelback Rd Camelback Rd CountryDr Club Nat'l Litchfield Bank Rd
Beardsley Canal Rd 87 104th St 104th
Pima Rd
Hayden Rd Hayden Phoenix Junior 64th St Forest Park College
27th Ave 24th St 24th Indian School Rd St 20th Indian School Rd Indian School Rd Indian School Rd Rd Invergordon Indian School Rd Osborn Rd Phoenix Community Scottsdale Thomas Rd Thomas Rd Thomas Rd College Thomas Rd Stadium Thomas Rd RedmontDr
Dysart Rd Tonopah Salome Hwy Bush Hwy Bush Hwy Agua Fria Frwy Fria Agua GrandEncanto Ave Blvd Avondale St 16th Oak St
Tuthill Rd Tuthill
32nd St 32nd 64th St 64th
College Ave 44th St Mcdowell Rd
195th Ave McDowell Rd Perryville Rd Mcdowell Rd Mcdowell Rd
Turner Rd Turner
Litchfield Rd 10 Cypress Falcon 10 52nd St GC Royal Field Lost Dutchman State Hohokam Palms GC Mckellips Rd State Park Capitol Van Buren St Galvin Mckellips Rd Mckellips Blvd Washington St Exwy Phoenix Pkwy Apache Trl America Tolleson Ave 59th PHOENIX Red Mountain Stadium Curry Rd Mesa
Reems Rd Bullard Ave West Arena Citrus Rd Buckeye Rd Buckeye Rd Salt River District Park 115th Ave 115th CC Lost Dutchman Blvd 10 Yuma Rd Western Ave Sky Harbor Blvd Red Mountain Frwy Brown Rd Brown Rd Sun Devil Stadium 17 153 143 Riverview
Stapley Dr Stapley Recker Rd
Power Rd Power Meridian Rd Meridian
43rd Ave Phoenix Sky Harbor Idaho Rd Ironwood Dr Ironwood Lower Buckeye Rd Lower Buckeye Rd Lower Buckeye Rd Arizona State University Dr GC University Dr Mesa Crismon Rd Superstition Blvd Main St 83rd Ave 75th Ave 67th Ave Int'l Airport College
Cotton Ln Dean Rd Dean Usery Pass Rd Usery Pass 7th St 7th Main St Apache Trl
Apache Blvd Main St Main St CortezRd
7th Ave 7th Old West Hwy
35th Ave 35th
48th St 48th Holmes Rd Holmes
Jackrabbit Trl
Greenfield Rd Watson Rd Watson
Central Ave Central 91st Ave Broadway Rd
Broadway Rd 99th Ave 107th Ave 107th Broadway Rd St 52nd Broadway Rd Broadway Rd Broadway Ave
51st Ave
Priest Dr Apache
Johnson Rd Hardy Dr Hardy
Country Club Dr Tempe Diablo Ave Mill Pueblo Rd
Goodyear Stadium Junction 123rd Ave 123rd
Miller Rd
Val Vista Dr Higley Rd Higley
32nd St Gilbert Rd Southern Ave 24th St Dobson Rd Fiesta Southern Ave Southern Ave Southern Ave Southern Ave Rd Lindsay Southern Ave Southern Ave
Rural Rural Rd Alma School Rd Lakes GC
Rooks Rd
Mcclintock Dr Mesa Dr Mesa
Airport Rd Apache Rd Apache
Mountain Rd View Red Mountain Frwy Superstition Frwy 60 Mesa Community
Bruner Rd Tempe
Sossaman Rd Baseline Buckeye Canal Rd Rd Goldfield Baseline Rd Gila River 40th St Baseline Rd Oglesby Rd Oglesby College Baseline Rd Baseline Rd 48th St Baseline Rd
Palo Rd Verde
85 Rd Tomahawk Rd 75th Monroe Ave Ave Dobson Salome Hwy Indian Springs Rd Ranch GC Lower River Rd Buckeye Guadalupe Rd Beloat Rd Estrella Pkwy 20th St Guadalupe Rd Dobbins Rd 7th Ave Dobbins Rd Guadalupe
27th Ave
35th Ave 35th Kings Hazen Rd 44th St Ranch Rd
Elliot Rd Rd Hawes
Elliot Rd Ave 59th Elliot Rd Elliot Rd Elliot Rd oop
Bruner Rd L t o
i Moeur Rd Moeur
l Carver Rd l
87 Rd Vineyard
Recker Rd Recker Power Rd Power
E
r Crimson Rd
75th Ave 75th
Narramore Rd e
Estrella Dr n Warner Rd r a Narramore Rd Saint Johns W Estrella Mountain Mission Rd Phoenix South Mountain Park
Johnson Rd Regional Park Dobson Rd
Chandler Rd Ellsworth Gila River Ray Rd Komatke Ray Rd Gilbert
Tuthill Rd Tuthill Rainbow Valley Rd Williams Rd Mountain Ray Rd Gateway
Cooper Rd Mcqueen Rd Mcqueen
Price Rd
Rural Rd Rural
PriestDr
Kyrene Rd Kyrene Mcclintock Dr Mcclintock Williams Field Rd Gila River Chandler 48th St Chandler Blvd Williams Field Rd 24th St
Indian Reservation Arizona Ave Blvd
85 Pkwy
40th St 40th Pecos Rd Pecos Rd 32nd St Pecos Rd Liberty Ln Desert Foothills Pecos Rd
Pima Frwy
Higley Rd Higley Greenfield Rd Greenfield Germann Rd Val Vista Dr Germann Rd Germann Rd Chandler Municipal 236 Estrella Pkwy Queen Creek Rittenhouse Rd
203rd Ave Airport Queen Creek Rd Queen Creek Rd Rd School Alma Queen Creek Rd Queen Creek Rd Pima Rd
155th Ave 14 Meridian Rd Meridian Beltline Road 347 Compadre Ocotillo Rd Tuthill Rd Tuthill Ocotillo Rd Ocotillo Rd Ocotillo Rd Queen
Stadium
Reebs Rd Reebs 171st Ave 171st
587 Creek Mcqueen Rd Mcqueen
Buenos Aires Rd 10 Rd Cooper Chandler Heights Rd
Price Rd Sun Kenworthy Rd
Indian Rt 3
Hawes Rd Hawes Sossaman Rd Sossaman
Maricopa Rd Rd Lindsay Riggs Rd Riggs Rd Lakes GilbertRd Riggs Rd Combs Rd
Sandia Rd CrismonRd
163rd Ave
Recker Rd Recker Price Rd Price
Dobson Rd Hunt Hwy Hunt Hwy MARICOPA Alma School Rd Hunt Hwy Hunt Hwy
PINAL Indian Route 60 Skyline Dr Rd Schnepf Queen Creek Rd GilbertRd 587 Gila River
Thompson Rd Thompson Phillips Rd Gila River Gila River Indian Route 68 Bella Vista Rd Ln Run Quail Indian Reservation Drifter Pass Rd
Indian Judd Rd Hunt Hwy Judd Rd Indian
Indian Route 121 Route Route 125 Route 72
Saint Peters Mission Rd Santan Santan Baptist Felix Rd Felix
Church Rd Rd Attaway
Indian Route 85 Arizona Farms Rd Indian Rt 1 Casa Blanca Rd 87
Heritage Rd 347 Indian Res Rt 1 Sacaton
Indian Route 97 238 Indian Route 93 Maricopa Rd
Mobile Rd Smith Enke Rd Seed Farm Rd
Indian Route 121 Route Indian Indian Route 28 Route Indian La Barranca Dr Garvey Ave 125 Route Indian Southside Canal Road Bonnybrook Rd Mcdavid Rd Honeycutt Rd Casa Grande Ave Indian Res Rt 9 131 Route Indian
Sage St Sage Hunt Hwy Ranchview Rd Bowlin Rd 187
Hartman Rd Table Top Rd Table Top Fuqua Rd White Parker RdWhite Parker Palmer Rd
Murphy Rd Anderson Rd
White Rd White Farrell Rd Farrell Rd Blackwater Rd Cooper Rd Cooper 85 Maricopa Casa Grande Hwy Blackwater Mayfield Rd Mayfield Rd Warren Rd Warren Ak- Steen Rd 387
Maricopa Rd Chin
Quail Run Ln Run Quail
Clemans Rd Clemans
SierraRd Vista Attaway Rd Attaway Hidden Rd Valley Peters And Nall Rd Peters And Nall Rd Peters and Millrise Rd Casa Grande Ruins Fulcar Rd Nall Rd Maricopa Rd Nat'l Monument
Cattle Dr Indian Rd Ralston Rd Vah Ki Inn Rd Papago Rd Maricopa Trading Ghost Ranch Rd Waverly Dr Bechtel Rd Coolidge Ak-Chin Post Rd Blvd Arizona Watermelon Rd Cotton Center Rd Coolidge Ave Kenilworth Rd
Val Vista Rd Rd
Indian Rd Macrae
White Rd Smith Rd Val Vista Rd
Porter Rd Val Vista Blvd Val Vista Rd White Parker Rd Parker White
Henness Amarillo Rd Valley Casa Grande Central Arizona 287 347
Reservation Municipal Airport Rd Farms Valley
College Rd Kenworthy
Skousen Rd Skousen Martin Rd
Teel Rd Green Rd Teel Rd Stout Rd Teel Rd Teel Rd Woodruff Rd Woodruff Rd
Butterfield Tr Rd Russell Rd 87
Gila Nafziger Rd Cox Rd Cox
Corrales Rd Corrales Bartlett Rd Miller Rd Cowtown Rd
Miller Rd Rd Terkell Bend Miller Rd Miller Rd Scott Dr McCartney Rd Windsor Rd
Barnes Rd Press Rd Press
Ethington Rd Barnes Rd Barnes Rd BurrisRd Rodeo Rd Randolph Rd 85
Meadow Green Rd 10
Wheeler Rd Wheeler FastRd Track
Peart Rd Vail Rd Vail n Rd Henness Kleck Rd Kortsen Rd Ca dle Kortsen Rd Kortsen Rd st Pinal Ave ick Lelaand Rd Rd Midway D Sage St Main Ave Century Rd r
Table Top Rd Table Top
Signa Peak RdSigna Peak
Curry Rd Hacienda Rd Hacienda
Toltec Buttes Rd Toltec Overfield Rd Arroyo Rd Rd Smith Clayton Clayton Rd Clayton Rd Cottonwood Ln Casa Story Rd
Warren Rd Warren Anderson Rd Anderson
Ralston Rd Gila Bend Rd Beverly Hills Dr Hidden Rd Valley Mcmurray Blvd
Dune Shadow Rd Grande
Sunshine Blvd Sunshine Central Ave Central
Air Force Station LaRd Palma MontgomeryRd Arizona Dr Stanfield Rd Gila Bend Hwy Florence Blvd Meadow View Rd 84 287 287 Ash Ave Fresno Rd
N Casa Grande Ave
Peters Ave IndianRd Valley Peters Rd Main St Earley Rd Earley Rd
PowerlineRobin Rd Piedra Rd Selma Hwy Selma Hwy Selma Hwy
Trekell Rd Trekell
8 Rd Rd White Parker
84 Rd Bianco 84 Carmel Blvd Carmel
Tweedy Rd Tweedy
Estrella Rd Estrella Peart Rd Peart
Burris Rd
Ethington Rd Cornman Rd Cornman Rd Mile Corner Rd Eleven
Thornton Rd
Russell Rd Chuicha Rd Chuicha 8 87 Beggs Rd Hanna Rd Hanna Hanna Rd
Rd Hwy Toltec Connelley Rd
Arica Rd Arica Rd Rd Henness Chiricahua Arica Rd Cox Rd Cox St Eloy Shedd Rd Shedd Rd Shedd Rd Blvd Sunshine Frontier St
10 FastRd Track Houser Rd Houser Rd Rd Vail
Peart Rd
Sunland Gin Rd Gin Sunland
Tweedy Rd Tweedy IndianRd Trail
Signal Peak Rd Signal Peak Battaglia Dr Battaglia Rd 15 LOCATION OVERVIEW
TEMPE, ARIZONA MARICOPA COUNTY/PHOENIX METRO AREA
Tempe, Arizona is just east of Phoenix and is a city in Maricopa County, Maricopa County is largely comprised of the Phoenix metropolitan area, most famously known for being the location of the main campus of which consists mostly of the cities of Phoenix, Scottsdale, Tempe, Mesa, Arizona State University. The University is just 7.5 miles from the Chandler, Gilbert, and Glendale, Peoria and several other neighboring subject site. cities and towns. STATE FARM’S MARINA HEIGHTS campus may be the most significant tt The county’s 4 million residents ranks fourth among the nation’s driver of downtown Tempe’s recent transformation. The ±2.1 million- counties, and 12th largest metro area in the United States. square foot campus was completed in 2017 and is expected to bring tt The Phoenix-Mesa metro area is ranked the 6th most competitive ±8,000 employees to downtown. The Campus is just 8.9 miles from metro area in America, according to Forbes, 2014. the subject site. tt Maricopa County is Arizona’s most populous county, encompassing well more than half of the state’s residents. Tempe offers an inviting lifestyle for its residents: Strong employment tt Maricopa County is currently home to 13 Fortune 1000 companies: opportunities, a talented and educated work force, a low cost of living Apple Inc., ON Semiconductor Corporation, Taylor Morrison Home and a community filled with family oriented activities, open space and Corporation, Swift Transportation Company, Amkor Technology, both water and naturalist activities for the outdoor enthusiast. Inc., Republic Services, Inc., Insight Enterprises, Inc., Avnet, Apollo Group (which operates the University of Phoenix), Freeport- The submarket features year-round events, arts, sports, retail, dining, McMoRan, Sprouts Farmers Market, Inc., and PetSmart, Pinnacle hotels and more. Downtown also draws more than four million West, and First Solar. visitors annually. tt Maricopa County’s population growth rate is highest amongst the 10 largest counties in America, growing at nearly 2%, making the county highest in annual population growth. tt Phoenix’s major airport is Sky Harbor International Airport. Serving more than 40 million passengers, making it one of the top ten busiest airports in the U.S. by passenger count.
Source: Gpec, Valley Metro, Phoenix Sky Harbor
16 ARIZONA STATE UNIVERSITY IN TEMPE, AZ
Arizona State University—Tempe is a public institution that was ASU has been named the #1 school in the country for innovation by founded in 1885. It has a total undergraduate enrollment of 42,427, its U.S. News & World Report for the last three years, ahead of #2 Stanford setting is urban, and the campus size is 661 acres. It utilizes a semester- and #3 MIT, and the top U.S. public university for international students based academic calendar. Arizona State University—Tempe’s ranking by the Institute of International Education. ASU’s Tempe campus in the 2019 edition of Best Colleges is National Universities, 115. offers hundreds of degree programs that engage undergraduates and graduates in multidisciplinary research and exploration in first-rate Arizona State University—Tempe, which has one of the largest laboratories and facilities. Students pursue a wide range of majors undergraduate populations in the nation, offers students a wide range including business, liberal arts, design, engineering, sustainability and of academic and extracurricular options. Collectively, the campuses in the sciences. At ASU, students customize their college experiences by Tempe and three other locations in the Phoenix area offer students more augmenting their classroom study with opportunities for research, study than 300 undergraduate academic programs to pick from and more abroad, leading student clubs, volunteering and more. ASU emphasizes than 500 clubs and organizations to check out. For time away from innovation and entrepreneurship -- here students can invent products Arizona, students can choose from more than 250 study abroad options. or start ventures with the full guidance and support of the university. Freshmen are required to live on campus, unless they commute from a With an unrivaled commitment to sustainability, the Tempe campus parent’s home, are married or fall under other exceptions. The Arizona is the most solar-powered of any in the U.S., exemplified by massive State Sun Devils sports teams compete in the NCAA Division I Pac-12 solar structures providing shaded walkways and parking across the Conference and are particularly known for their baseball prowess. campus. It also offers easy access to all of metropolitan Phoenix Arizona State also offers a wide range of highly ranked graduate through public transit including light rail. The expanded fitness complex programs through schools including the W. P. Carey School of Business, welcomes students to take a break from their studies and focus on their the Sandra Day O’Connor College of Law, the Ira A. Fulton Schools health, while the Sun Devil Athletics facilities, performing arts venues, of Engineering and the Mary Lou Fulton Teachers College. Among including the Frank Lloyd Wright-designed ASU Gammage, museums the scores of notable people who have attended ASU are actor David and vibrant downtown Tempe location complement this diverse Spade, talk show host Jimmy Kimmel and baseball star Barry Bonds. university environment.
17 7.6 Miles from ASU—Tempe Campus
18 Fredonia
15 Page 160
389 163 89A 89
Kayenta 89A 160
67
Lukachukai
Many Farms
89 191
Chinle Tuba City 160
Grand Canyon Village 64
264
180 APACHE
COCONINO 264 Fort Defiance 93 264
Window Rock
MOHAVE 89
66 180 77 191 87 Williams 64
NAVAJO
40 40 40 68 Kingman Flagstaff
Bullhead City
666
Winslow
40 61 89 89A Holbrook 40 Sedona 17 180
Clarkdale Chino Valley Jerome Cottonwood 87 666 89A 77 279 95
93 Prescott Valley 180 Bagdad Camp Verde Prescott 180A
87 Snowflake St. Johns Lake Havasu City 277 Taylor 69 89 77 61 260 180
YAVAPAI 260 60 Show Low Payson
Parker 87 Lakeside 60 Pinetop Springerville Eagar 71 93 260 17 180 Wickenburg 60 72 188 McNary LA PAZ
Cave Creek 87 Whiteriver 95 60
60 60 Sun City West LOCATION HIGHLIGHTS Surprise 10 Sun City El Mirage Fountain Hills Youngtown Peoria GILA 10 MARICOPA Paradise Valley Luke AFB Glendale 88 TEMPE, AZ 88 GOODWILL IN ELLIOT PLAZA SHOPPING CENTER Litchfield Park Scottsdale
Goodyear Tolleson Phoenix Avondale Cashion Dreamland-Velda Rose 666 60 Central Heights-Midland Mesa Apache Junction Claypool 85 Miami Globe Buckeye Tempe 12 Miles from PhoenixGuadalupe 87 Gilbert San Carlos The shop benefits Ease in access Chandler GREENLEE Williams AFB from the 18.41 acre and frontage with Superior 10 shopping center that60 5 separate ingress/ 95 is 100% leased! egress points. Sun Lakes 70 Each tenant has healthy lease term remaining. 87 89 77 Bylas 85 MAJOR EMPLOYERS: 2017 177 Sacaton TEMPE, AZ Stargo Kearny Clifton Arizona State University 11,185 Florence Morenci Maricopa Community Colleges 4,611 Hayden SRP 4,374 Winkelman Coolidge Safeway Inc 3,996 Gila Bend Wells Fargo 3,576 Strong traffic counts Strategically located Dudleyville Freescale Semiconductor (Motorola) 3,000 contribute to high visibility just off of the I-10, at a Honeywell 3,000 Pima Casa Grande Kyrene School84 District 2,401 with over 76,315 VPD busy retail intersection Safford Yuma Proving Ground 666 8 Chase Manhattan Corporation 2,377 passing in front of Elliot & with strong national Thatcher 75 US Airways 8 2,377 South Priest Roads. credit tenancy. 77 PINAL 70 19 Eloy 89 GRAHAM Mammoth Duncan
Yuma Wellton 8 10 8BR 85 666 Oracle Somerton 77 San Manuel YUMA 95
San Luis Catalina
Marana
Oro Valley Ajo
10
Willcox Tucson 86 Tucson Estates South Tucson Davis-Monthan AFB 186 PIMA 86
85 89 10 Benson 181 Sells 80 Green Valley 83 COCHISE 90 666
82 Tombstone
Huachuca City
19 Sierra Vista Patagonia 90 82 80 80
Bisbee SANTA CRUZ 92 Pirtleville Nogales Douglas ELLIOT PLAZA
* Estimated property boundary. 20 21 DEMOGRAPHICS / TEMPE, AZ 272,509 Total Population Within 5-Mile Radius
$88,811 $65,777 Average Household Income Median Household Income Within 5-Mile Radius Within 5-Mile Radius
106,960 11.45% From 2000 Total Households in 5-Mile Radius
22 23 POPULATION 1 MILE 3 MILES 5 MILES HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILES 2022 Projection Total Average Household Retail Expenditure $63,522 $77,852 $80,639 Total Population 10,296 114,992 275,833 Consumer Expenditure Top 10 Categories 2017 Estimate Housing $17,015 $20,389 $21,067 Total Population 10,321 113,466 272,509 Transportation $10,922 $14,227 $14,844 2010 Census Shelter $10,272 $12,132 $12,524 Total Population 9,554 104,619 252,305 Food $6,566 $7,697 $7,938 2000 Census Personal Insurance and Pensions $5,870 $7,744 $8,158 Total Population 8,309 105,681 254,773 Health Care $3,672 $4,736 $4,915 Current Daytime Population Utilities $3,507 $4,251 $4,393 2017 Estimate 15,609 143,884 428,690 Entertainment $2,434 $3,100 $3,240 Apparel $2,097 $2,562 $2,646 HOUSEHOLDS 1 MILE 3 MILES 5 MILES Household Furnishings and Equipment $1,596 $2,051 $2,131 2022 Projection Total Households 4,715 47,815 110,453 POPULATION PROFILE 1 MILE 3 MILES 5 MILES
2017 Estimate Population By Age Total Households 4,627 46,413 106,960 2017 Estimate Total Population 10,321 113,466 272,509 Average (Mean) Household Size 2.15 2.39 2.47 Under 20 21.90% 23.42% 23.85% 2010 Census 20 to 34 Years 37.02% 26.55% 26.67% Total Households 4,299 43,010 99,427 35 to 39 Years 7.03% 6.68% 6.48% 2000 Census 40 to 49 Years 10.40% 12.39% 12.53% Total Households 3,767 42,044 95,968 50 to 64 Years 13.35% 19.79% 19.77% Occupied Units Age 65+ 10.32% 11.15% 10.73% 2022 Projection 4,715 47,815 110,453 Median Age 30.93 35.01 34.64 2017 Estimate 4,697 47,524 109,576 Population 25+ by Education Level 2017 Estimate Population Age 25+ 6,982 77,729 182,335 HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES Elementary (0-8) 2.63% 2.75% 2.78% 2017 Estimate Some High School (9-11) 6.51% 5.42% 4.85% $150,000 or More 4.28% 11.36% 12.01% High School Graduate (12) 16.95% 17.24% 17.25% $100,000 - $149,000 10.08% 15.06% 16.47% Some College (13-15) 26.36% 23.80% 24.24% $75,000 - $99,999 10.11% 13.26% 14.61% Associate Degree Only 7.70% 8.39% 8.41% $50,000 - $74,999 24.39% 20.51% 19.80% Bachelors Degree Only 23.91% 26.49% 26.11% $35,000 - $49,999 18.23% 14.81% 13.71% Graduate Degree 15.51% 15.39% 15.81% Under $35,000 32.90% 25.01% 23.42% Average Household Income $61,400 $86,774 $88,811 Median Household Income $48,992 $61,714 $65,777 Per Capita Income $27,540 $35,565 $35,066 24 TEMPE ARIZONA
LIOR REGENSTREIF SENIOR MANAGING DIRECTOR INVESTMENTS SENIOR DIRECTOR, NET LEASED PROPERTIES GROUP ENCINO OFFICE Tel: (818) 212-2730 Fax: (818) 212-2710 [email protected] License: CA 01267761