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Offering Memorandum $799,000 Title Max | Single Tenant Nnn Lease (Fee Simple) 3236 E

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Offering Memorandum $799,000 Title Max | Single Tenant Nnn Lease (Fee Simple) 3236 E OFFERING MEMORANDUM $799,000 TITLE MAX | SINGLE TENANT NNN LEASE (FEE SIMPLE) 3236 E. MCDOWELL RD., PHOENIX, AZ 85008 Eric Carlton Jereme Snyder John Sharpe Marcus Muirhead Associate Vice President Executive Vice President Director Associate Vice President The SNYDER/CARLTON Team License No. 01809955 License No. 01800769 License No. SA543465000 Colliers NNN Group License No. 01360233 3 Park Plaza Ste. 1200 949.724.5561 949.724.5552 949.724.5546 602.222.5176 Irvine, CA 92614 [email protected] [email protected] [email protected] [email protected] www.colliersnnn.com table of contents executive summary .................................................................................................3 tenant overview .......................................................................................................5 financial overview................................................................................................... 8 property overview .................................................................................................10 market & area overview .......................................................................................16 Colliers International | 3 Park Plaza, Suite 1200 | Irvine, CA 92814 | Snyder/Carlton Team Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2012. All rights reserved. Title Max | 3236 E. McDowell Rd. | page 2 executive summary The SNYDER/CARLTON Team Colliers NNN Group www.colliersnnn.com investment highlights STRONG CORPORATE GUARANTEE: > Lease by TMX Finance - Moody’s Rated B3 - Over 1000 Locations Nationally > National Lending Leader - Notable Brand in AZ - Over 4,300 Employees > Large Arizona Presence - Strong Market Presence and Market Share STABLE INCOME - EASE OF MANAGEMENT: > Single Tenant NNN Lease - 3.5 Years Remaining on Original Lease > Includes 15% Rental Increase on February 1, 2017 with 1-5 Year Option > Below Market Rent of $.92 PSF - Below Replacement Cost - Low Downside Risk > Single Tenant Freestanding Building with Drive Thru - Plenty of Parking > Zero Landlord Responsibilities - Tenant Responsible for Repairs & Maintenance EXCELLENT RETAIL LOCATION - ESTABLISHED TRADE AREA: PROPERTY OVERVIEW We are pleased to offer to investors a single tenant NNN drive thru building positioned on a > Dense Residential Neighborhood - Over 272,440 People within 5 Mile Radius shopping center outparcel that is 100% leased and guaranteed by Title Max - one of the nation’s > Complimentary Demographics - Average HHI over $48,840 largest and most reputable title lending companies. The subject property has approximately > McDowell a Main Corridor in Phoenix - Approx. 33,000 Cars per Day 3.5 years remaining on an original 5 year lease term with 1 - 5 year option that includes a > Just North of Red Mountain 202 Freeway - Close to Phoenix Business District 15% rental increase in 2017. The in-place annual rent of approximately $57,624 represents a PSF rent of $0.92, which is substantially below market rents and offers an investor additional > Surrounding National Retailers Include; Food City, Family Dollar, Burger King, O’Reilly’s downside risk mitigation. The lease is corporate guaranteed by TMX Finance LLC, which Auto Parts, H&R Block and Boost Mobile owns a network of 1,035 stores, including 831 Title Max stores, 151 Title Bucks stores, 77 PERFECT 1031 EXCHANGE PROPERTY: Equity Auto Loan stores, and 53 InstaLoan stores in over 12 states and is currently rated > Hands Off Single Tenant NNN Lease (Fee) - Established Location -L ow Downside Risk B3 by Moody’s Rating Agency. Title Max offers a title loan product which allows customers > Rare 15% Rental Increases in All Options - Great Inflation Hedge to meet their liquidity needs by borrowing against the value of their vehicles while retaining > Zero Landlord Responsibilities - Rare Opportunity to Purchase National Tenant at use of their vehicle. This opportunity offers an investor a corporate guaranteed, single tenant Low Price Point absolute NNN investment that is price below replacement cost and situated along McDowell Road in the city of Phoenix, AZ. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2012. All rights reserved. Title Max | 3236 E. McDowell Rd. | page 4 tenant overview The SNYDER/CARLTON Team Colliers NNN Group www.colliersnnn.com lease summary LEASE SUMMARY Tenant Trade Name Title Max Title Loans Corporate Guarantor TMX Finance LLC Lease Commencement January 1, 2012 Lease Expiration January 31, 2017 Lease Term 5 Years Term Remaining On Lease 3.5 Years Current NOI $57,623.64 Per Year 1 - 5 Y e a r O p t i o n Option Periods 15% Rent Bump Every Option 02/01/2017 $66,249.00 Roof and Structure Tenant Responsible Building Area 5,196 SF Lease Type Single Tenant NNN Lease (Fee Simple) First Right of Refusal No APN 120-19-130 Colliers International | 3 Park Plaza, Suite 1200 | Irvine, CA 92814 | Snyder/Carlton Team Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2012. All rights reserved. Title Max | 3236 E. McDowell Rd. | page 6 HUNDREDS OF CONVENIENT LOCATIONS About TitleMax Car Title Loans TitleMax is one of the nation’s largest and most reputable title lending companies. Since its inception in 1998, TitleMax has expanded to over 1,000 stores spanning 12 states. TitleMax strives to offer some of the lowest interest rates on title loans in the industry, while providing a superior level of customer service. Why TitleMax? Company Overview TitleMax provides title loans to over 2,000 people every day. They choose TMX Finance LLC, a specialty finance company, engages in the origination TitleMax because: and servicing of automobile title loans in the United States. It also sells * TitleMax offers the most cash – title loans up to $10,000!* insurance products as an agent. The company serves individuals and * TitleMax doesn’t check your credit – you’re approved!** small business owners. As of December 31, 2012, it owned and operated * TitleMax has some of the lowest rates – up to 50% less! a network of 1,035 stores, including 831 TitleMax stores, 151 TitleBucks * TitleMax offers instant approval – get your cash faster! stores, 77 EquityAuto Loan stores, and 53 InstaLoan stores in Georgia, * TitleMax doesn’t require auto insurance – getting cash is easy! Alabama, South Carolina, Tennessee, Missouri, Mississippi, Virginia, Texas, Illinois, Nevada, Arizona, and Florida. The company was formerly With over 1,000 convenient locations, getting cash is easy with TitleMax! known as TitleMax Holdings, LLC and changed its name to TMX Finance The title loan process only takes about 30 minutes. And the best part is LLC in June 2010. TMX Finance LLC was you get to keep driving your vehicle. founded in 1998 and is based in Savannah, Georgia. www.titlemax.biz Title Max | 3236 E. McDowell Rd. | page 7 financial overview The SNYDER/CARLTON Team Colliers NNN Group www.colliersnnn.com financial analysis LEASE LEASE RENT/ TENANT BLDG SF ANNUAL RENT OPTIONS START EXPIRATION SQ. FT. 1- 5 Year Option TitleMax 5,196 1/21/2012 1/31/2017 $11.09 $57,623.64 15% Rent Bump Every Option 02/01/2017 $66,249.00 TOTALS 5,196 SF $57,623.64 PRICING OPERATING EXPENSE DATA Price $799,000 Taxes NNN NOI $57,623.64 Insurance NNN Cap Rate 7.21% CAM NNN Price / PSF $153.77 Total Expenses NNN Colliers International | 3 Park Plaza, Suite 1200 | Irvine, CA 92814 | Snyder/Carlton Team Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2012. All rights reserved. Title Max | 3236 E. McDowell Rd. | page 9 property overview The SNYDER/CARLTON Team Colliers NNN Group www.colliersnnn.com property information Address / Location Zoning 3236 E. McDowell Rd. | Phoenix, AZ 85008 C-C Commercial Market/Submarket Year Built/Renovated Phoenix Built in 1972 Price Renovated in 2012 $799,000 Current NOI $57,623.64 Cap Rate 7.21% Parcel APN#: 120-19-130 Total Land Area Approximately 27,443 SF (.63 Acres) Building Area Approximately 5,196 SF Visibility And Frontage Excellent visibility and frontage along E. McDowell Rd. Access Easy access from E. McDowell Rd. & I-202 Freeway Over 173,688 AADT Colliers International | 3 Park Plaza, Suite 1200 | Irvine, CA 92814 | Snyder/Carlton Team Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s). 2012. All rights reserved. Title Max |
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