REPRESENTATICE
VIEW AERIAL TOUR
Offering Memorandum TACO BELL GROUND LEASE MOUNTAINFreddy’s RANCH MARKETPLACE Frozen Custard 17676Lakewood, W ELLIOT CO RD GOODYEAR, AZ 85338 AERIAL PHOTO TACO BELL GROUND LEASE
S ESTRELLA PKWY Walgreens 15,135 CPD
McDonald’s
W ELLIOT RD 8,915 CPD
STARPOINTE RESIDENTS CLUB
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are 2 approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 8
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E F 19 21 COMMUNITY MAP 12 TACO BELL GROUND LEASE AERIAL PHOTO 13 4 16 10 20 E1 F 6 2 19 21 1212 14 13 3 D 4 16 10 20 MOUNTAIN RANCH 1 The original community with North and South lakes, 2 6 Starpointe Residents Club and the Golf Club of Estrella.TM 14 3 D A Golf Canyon David Weekley Homes 5 MOUNTAIN The Enclave •RANCH 480.768.4995 The original The Reserve community • 480.768.4997 with North and South lakes, TM StarpointeB Golf Ridge Residents William Club Ryan and Homes the Golf • Club623.386.8871 of Estrella. C B A C Inspire Shea Homes • 480.367.3655 A Golf Canyon David Weekley Homes D Overlook Beazer Homes • 623.399.4760 5 The Enclave • 480.768.4995 Custom The Reserve Home Sites• 480.768.4997 11 B Golf Ridge William Ryan Homes • 623.386.8871 C B E Sonoran Vistas • 623.386.1000 A C Inspire Shea Homes • 480.367.3655 F Hidden Hills • 623.386.1000 18 D Overlook Beazer Homes • 623.399.4760 Custom Home Sites 17 11 E Sonoran Vistas • 623.386.1000 F Hidden Hills • 623.386.1000 18 9 17
9 15 22 MONTECITO G J Showcases the natural beauty of the Sonoran Desert with miles 15 of natural trails connecting Presidio, neighborhoods and open space. I 22 H MONTECITOG Tranquility William Ryan Homes • 623.386.8871 G J Showcases the natural beauty of the Sonoran Desert with miles ofH natural Palazzo trails Gehan connecting Homes Presidio, • 602.441.5885 neighborhoods and open space. Mirador Terrata Homes • 877.968.3688 I I H GJ Tranquility Stone Canyon William KB Home Ryan •Homes 623.217.2372 • 623.386.8871 H Palazzo Gehan Homes • 602.441.5885 I Mirador Terrata Homes • 877.968.3688 J Stone Canyon KB Home • 623.217.2372 ®† 7 CANTAMIA 23 K Our active adult community features its own Village Center†† and culture that blends seamlessly with the Estrella community. ®† 7 CANTAMIA 23 K Our active adult community features its own Village Center†† K CantaMia AV Homes (55–Plus) • 623.474.6960 and culture that blends seamlessly with the Estrella community.
K CantaMia AV Homes (55–Plus) • 623.474.6960 2/17 Map not to scale. This artist rendering is for illustration purposes only based upon current development concepts which are subject to change without notice. Actual development may vary from developer’s vision. No guarantee can be made that development will proceed as described.
AMENITIES 2/17 Map not to scale. This artist rendering is for illustration purposes only based upon current development concepts which are subject to change without notice. Actual development may vary from developer’s vision. No guarantee can be made that development will proceed as described. AMENITIES1 Information Center 9 Bougainvillea Park 17 Westar Elementary School Paths & Trails 2 North Lake 10 D-Votion Field 18 Estrella Foothills High School Proposed Commercial Paths & Trails 13 InformationSouth Lake Center 911 BougainvilleaFoothills Community Park Park 1719 WestarPhoenix Elementary Children’s SchoolAcademy Planned Commercial 2 North Lake 10 D-Votion Field 18 Estrella Foothills High School Proposed Commercial 4 Starpointe Residents Club 1212 Mountain Ranch Marketplace 20 Estrella Mountain Preschool Proposed Park 3 South Lake 11 Foothills Community Park 19 Phoenix& Community Children’s Church Academy Planned Commercial 5 Golf Club of Estrella††† 13 Elliot Market Water/Waste Water Campus 4 Starpointe Residents Club 12 Mountain Ranch Marketplace 2021 Estrella Banner MountainHealth Center Preschool Proposed Park 6 Estrella Yacht Club 14 Estrella Mountain Ranch Industrial ††† &at Community Mountain Ranch Church Medical Commons 5 Golf Club of Estrella 13 ElliotPublic Market Safety Facility Water/Waste Water Campus 7 CantaMia Village Center Banner Health Center 2122 Elementary School (proposed) Industrial 6 Estrella Yacht Club 1415 EstrellaPresidio Mountain Ranch at Mountain Ranch Medical Commons 8 Star Tower Public Safety Facility 23 Future Fire Station (proposed) 7 CantaMia Village Center 16 Estrella Mountain Elementary School 22 Elementary School (proposed) 15 Presidio 8 Star Tower 23 Future Fire Station (proposed) 16 Estrella Mountain Elementary School This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future 3 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 EXECUTIVE SUMMARY TACO BELL GROUND LEASE
TACO BELL GROUND LEASE 17676 W Elliot Rd Goodyear, AZ 85338
FINANCIAL SUMMARY ANNUALIZED OPERATING DATA Price $1,555,555 LEASE YEARS ANNUAL RENT CAP RATE Down Payment 100% $1,555,555 1 - 5 $70,000.00 4.50% Cap Rate 4.50% 6 - 10 $77,000.00 4.95% Building SF 2,527 SF 11 - 15 $84,700.00 5.45% Net Cash Flow 4.50% $70,000 16 - 20 $93,170.00 5.99% Year Built 2014 Lot Size 0.61 Acres OPTIONS ANNUAL RENT CAP RATE Option 1 $102,487.00 6.59%
LEASE SUMMARY Option 2 $112,735.70 7.25% Lease Type Absolute Triple-Net (NNN) Ground Lease Option 3 $124,009.27 7.97%
Tenant Hot Tacos, Inc. an Arizona corporation Option 4 $136,410.20 8.77%
Lease Commencement Date December 17, 2015 BASE RENT $70,000 Lease Expiration Date December 16, 2035 Net Operating Income $70,000 Lease Term Remaining 17.5 Years Total Return 4.50% $70,000 Rental Increases 10% Every 5 Years Renewal Options 4, 5 Year Options
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are 4 approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 TENANTAERIAL OVERVIEWPHOTO TACO BELL GROUND LEASE
Taco Bell Corp., a subsidiary of Yum! Brands, Inc., (NYSE: YUM), is the nation’s leading Mexicaninspired quick serve restaurant (QSR). Taco Bell serves made-to-order and cus- tomizable tacos, burritos, and specialties such as the ex- clusive Doritos Locos Tacos, gourmet inspired Cantina Bell Menu and lower calorie Fresco Menu. The company encour- ages customers to “Live Más,” both through its food and in ways such as its Feed the Beat music program and nonprofit organization, the Taco Bell Foundation for Teens.
Headquarters Irvine, CA Founded 1962 Stock Symbol NYSE: YUM Locations ~7,000 Employees ~175,000 Website www.tacobell.com
FRANCHISEE OVERVIEW Desert de Oro Foods (DDO) is Arizona’s largest franchisee of Taco Bell restaurants. The company is owned and oper- ated by a unique team: a brother and sister who have found growing success in the industry over the last three decades. Krystal Burge and Mark Peterson currently operate 230 Res- taurants in 7 States. DDO employs over 3,200 people in the Southwest, who Burge and Peterson regard as the company’s greatest assets. The company’s main focus is service, paired with a dedication to creating happy, repeat customers instilled in the manage-ment at all of DDO’s franchises.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future 5 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 AERIALPROPERTY PHOTO DESCRIPTION TACO BELL GROUND LEASE
INVESTMENT HIGHLIGHTS LOCATION OVERVIEW • Absolute Triple-Net (NNN) Ground Lease The subject property is situated in Mountain Ranch Marketplace, ideally • 10 Percent Rental Increases Every 5 Years - Next Increase in December 2020 located at the northeast corner of Estrella Parkway and Elliot Road in Goodyear, Arizona. Chase Bank offers excellent visibility and access and is situated • 17.5 Years Remaining on Lease Term amongst some of the most affluent demographics in the Phoenix market. • Outparcel to Mountain Ranch Marketplace, a 105,287 Sq. Ft. Trophy Safeway Mountain Ranch Marketplace is nestled within the Estrella Master-Planned Grocery Anchored LEED Gold Certified Neighborhood Center Community, named one of the Top-Selling Master-Planned Communities of • Arizona’s Largest Franchisee of Taco Bell Restaurants 2016. It is also the largest master-planned community in Arizona. Opened in • Situated at the Double Entry to the Estrella Master-Planned Community 2013, Banner Health - Estella Medical Commons (EMC) is a 13,000 SF Class A medical office building complete with primary care physicians, a pediatrician, • Across from Starpointe Residents Club - Includes Water Park, Fitness Center, and laboratory/x-ray services. Banner Health is the largest healthcare operator Ampitheater, and Library and is the #2 employer in the state of Arizona. • Adjacent to Banner Health - Estrella Medical Commons (EMC) - 13,000 SF Estrella offers distinctive homes and neighborhoods with vibrant parks, Class A Medical Office Building action-packed trails and a championship golf course. The Estrella community • Surrounding Area Population & Households Expecting a 30% Increase by currently has approximately 5,000 homes built with approximately 52,000 2022 homes expected at full build-out, covering over 20,000 acres. There are 8 active home builders in the community and 331 new homes have been sold • Average Household Income Exceeds $127K in 3-Mile Radius through October 2017. Estrella consists of traditional single family homes, custom homes, and Canta Mia - a 55+ active adult community. DEMOGRAPHICS Goodyear is the 6th fastest growing city in the United States, as recently named by the United States Census Bureau. As a leader in the Phoenix metro area’s West Population 3-Miles 5-Miles 10-Miles Valley, Goodyear provides opportunities for businesses and families . Nestled 2022 Projection 14,427 30,167 243,507 near the Estrella Mountains and a mere 20 minutes west of downtown Phoenix, 2017 Estimate 11,228 23,899 195,897 the city offers all the advantages of a growing community, with all the cultural and entertainment resources that the Phoenix metro area has to offer. Growth 2017 - 2022 28.49% 26.23% 24.30% The Phoenix metro consists of Maricopa and Pinal counties, and includes over Households 3-Miles 5-Miles 10-Miles 30 incorporated and more than 30 unincorporated towns and cities. Since 2000, 2022 Projections 4,965 9,892 76,529 the population in the metro increased by more than 36 percent. The largest city 2017 Estimate 3,812 7,629 59,832 is Phoenix, which encompasses about 520 square miles, is the capital city and boasts a population of more than 1.5 million. Growth 2017 - 2022 30.25% 29.67% 27.91% Income 3-Miles 5-Miles 10-Miles 2017 Est. Average Household Income $127,132 $102,221 $77,964 2017 Est. Median Household Income $100,953 $82,047 $62,956 2017 Est. Per Capita Income $43,163 $32,733 $24,159
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are 6 approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 ESTRELLA MASTER-PLANNEDAERIALLOCATION PHOTO OVERVIEW TACO BELL GROUND LEASE COMMUNITY
Set in the spectacular High Sonoran Desert, Estrella is a new kind of small town. GOLF CLUB OF ESTRELLA Everywhere you turn, you’ll find distinctive homes, and vibrant neighborhoods The Golf Club of Estrella is a par-72, 18-hole championship golf course designed with lush parks and action-packed trails. Located in Goodyear, AZ, Estrella offers by award-winning Nicklaus Design. After every round, you can recap each play a rare balance: a serene community with spectacular mountain views close at the Player’s Grill & Patio. to creature comforts and big-city excitement. Dining, shopping, work, outdoor recreation, you name it—in Estrella, you’re surrounded by your favorite things, PRESIDIO places, and people. Presidio, is an approximately 18,500 sq. ft. residents club is a stylish gathering place and center of activity for Estrella residents of all ages. Noteworthy features AMENITIES include stunning mountain views, a café and beer/wine bar overlooking the pool, THE YACHT CLUB teaching/demonstration kitchen, a great room with fireplace, a sports lounge with North Lake is where the community meets for adventure on the water. And televisions and pool table, and a state-of-the-art fitness facility. Outdoor living Estrella’s Yacht Club that fuels these adventures, providing lessons and supplies features include a large patio, quaint sitting areas, a covered barbecue area, an for kayaking, canoeing, paddle boating, and sailing alongside family and friends. event lawn, pool, and splash pad. Be sure to check out the featured art in the gallery by the veranda STARPOINTE Located on the shore of North Lake, the Starpointe Residents Club is 24,400 SCHOOLS square feet of fun for all ages—featuring the StarSplash Water Park, heated Education is a priority in Estrella, home to two K-8 schools, one high school, and lap pool, and fitness center. Get social during community celebrations at the onsite preschool programs. Estrella Mountain (with a cutting edge International lakeside amphitheater, or enjoy some quiet time at the library. Starpointe offers Baccalaureate program) and Westar (with an innovative STEM program) a variety of ways to explore your hobbies with like-minded neighbors—from elementary schools are both part of the Liberty Elementary School District. With its jogging and sailing meet-ups to book, cooking, and art events. distinguished Performing Arts Center, Estrella Foothills High School is a member of the Buckeye Union High School District. MILES OF NATURAL DESERT TRAILS Curricula combine rigorous academics with exceptional teaching and a wide More than 20 miles of paths and trails invite you to lead an active life. (Whether range of clubs and sports. After graduation, students can look forward to applying you’re into hiking, mountain biking, or taking relaxing strolls.) The Park Avenue to respected higher education institutions convenient to Estrella, like Arizona State trail provides steep pathways with spectacular views, connecting to the 19,000- University, Estrella Mountain Community College, Rio Salado Community College, acre Estrella Mountain Regional Park. Even more trails—up mountains and or Thunderbird School of Global Management. through ravines, creeks, and open space—are planned for the community!
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future 7 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 AERIAL PHOTO TACO BELL GROUND LEASE
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are 8 approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 Site Plan SITEAERIAL PLAN PHOTO TACO BELL GROUND LEASE
N
Phase II
Future11,483 Shops SF C Phase II Future Major C 12,000 SF
Animal Hospital Available
Available
Nail Salon
Available
Available 49,343 SF Available
Family + Cosmetic Available
Dentistry Estrella
Available
Estrella Parkway FUTURE
Phase II Shops G Phase II 6,871 SF Shops F Elliot Road 7,367 SF
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are 26 | This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future 9 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 REGIONALAERIAL PHOTO MAP TACO BELLMayo Clinic GROUND LEASE
Peoria Sports Complex
Surprise Stadium Thunderbird School of Global Management
Arizona State University West Scottsdale Municipal Airport Challenger Space Center
Butterfly Wonderland
OdySea Aquarium Glendale Community College Piestewa Peak Westgate Entertainment District Salt River Fields at Talking Stick Tanger Outlet Grand Canyon University Wildlife World Zoo & Aquarium Luke Air Force Base Gila River Arena Camelback Mountain University of Phoenix Stadium
Banner Estrella Medical Center Phoenix Children’s Hospital
Phoenix Art Museum Heard Museum Estrella Mountain Community College Phoenix Zoo Arizona Science Center Desert Botanical Garden Cancer Treatment Centers of America Abrazo West Campus Estrella Falls Mall Maryvale Stadium
Symphony Hall Canyon Trails Town Center Main Event Entertainment Phoenix Sky Harbor Orpheum Theater International Airport Tempe Town Lake Goodyear Ballpark
Arizona State University
ASU Gammage Auditorium Chase Field Phoenix Goodyear Airport Talking Stick Resort Arena CLOSE TO EVERYTHING.
Phoenix International Raceway Tempe Diablo Stadium Gila River Casino ENTERTAINMENT HEALTH CARE/SHOPPING/SERVICES Sea Life Arizona HIGHER EDUCATION TRANSPORTATION Chandler Fashion Center
Located approximately 17 miles west of Phoenix, the Estrella™ community offers a unique Phoenix Premium Outlets Rawhide balance: tucked away but with Wild Horse Pass Casino most modern conveniences right here. And everything else is just down the hill.
This information has been secured from sources we believe to be reliable, but we make no representationsMap not to scale. This or community warranties, map and expressed illustrations areor implied,for illustration as purposes to the accuracy only, of the information. References to square footage or age are This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections,based upon current opinions, development assumptions concepts, which or estimates are subject to used change herein without are notice. for example purposes only and do not represent the current or future approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future 10 No guarantee is made that the features depicted will be built, or, if built, will be as depicted. performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 LOCALAERIAL MAP PHOTO TACO BELL GROUND LEASE
CANTAMIA VILLAGE CENTER PRESIDIO (OPENING FALL 2016) BOUGAINVILLEA PARK ESTRELLA FOOTHILLS HIGH SCHOOL WESTAR ELEMENTARY SCHOOL FOOTHILLS COMMUNITY PARK
GOLF CLUB OF ESTRELLA ESTRELLA MOUNTAIN RANCH
GOODYEAR FIRE DEPARTMENT STATION #182
ESTRELLA MOUNTAIN PRESCHOOL & COMMUNITY CHURCH ESTRELLA YACHT CLUB
STARPOINTE RESIDENTS CLUB
INFORMATION CENTER
PHASE II ELLIOT ROAD ELLIOT MARKET
ESTRELLA PKWY
BANNER HEALTH CENTER AT MOUNTAIN RANCH MEDICAL PHASE II COMMONS
14 | This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future 11 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Y0070402 Confidentiality Agreement Net Leased Disclaimer
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows: The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus By accepting this Marketing Brochure, you agree to treat the information contained herein & Millichap and it should not be made available to any other person or entity without regarding the lease terms as confidential and proprietary and to only use such information the written consent of Marcus & Millichap. By taking possession of and reviewing the to evaluate a potential purchase of this net leased property. information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy The information contained in this Marketing Brochure has been obtained from sources we or duplicate any part of the offering memorandum. If you have no interest in the subject believe to be reliable. However, Marcus & Millichap has not and will not verify any of this in- property at this time, please return this offering memorandum to Marcus & Millichap. formation, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the This offering memorandum has been prepared to provide summary, unverified accuracy or completeness of any information provided. financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm not a substitute for a thorough due diligence investigation. Marcus & Millichap has not the accuracy and completeness of all material information before completing any purchase. made any investigation, and makes no warranty or representation with respect to the This Marketing Brochure is not a substitute for your thorough due diligence investigation of this income or expenses for the subject property, the future projected financial performance investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due of the property, the size and square footage of the property and improvements, the diligence examination of this Property for Buyer. presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for thereon, or the financial condition or business prospects of any tenant, or any tenant’s example only and do not represent the current or future performance of this property. The plans or intentions to continue its occupancy of the subject property. The information value of a net leased property to you depends on factors that should be evaluated by you and contained in this offering memorandum has been obtained from sources we believe to be your tax, financial and legal advisors. 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 Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, matters and makes no warranty or representation whatsoever regarding the accuracy or independent investigation of any net leased property to determine to your satisfaction with the completeness of the information provided. All potential buyers must take appropriate suitability of the property for your needs. measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other loca- ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & tions is an important consideration, it is not a guarantee of future success. Similarly, the lease MILLICHAP AGENT FOR MORE DETAILS. rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services as well as the Property Owner and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property. exclusively listed Exclusively listed by:
JAMIE MEDRESS MARK RUBLE CHRIS LIND Senior Managing Director Senior Managing Director Vice President OFFICES NATIONWIDE PHOENIX OFFICE PHOENIX OFFICE PHOENIX OFFICE www.marcusmillichap.com Tel: (602) 687-6778 Tel: (602) 687-6766 Tel: (602) 687-6780 Fax: (602) 687-6717 Fax: (602) 687-6710 Fax: (602) 687-6710 [email protected] [email protected] [email protected]