REPRESENTATICE NOW UNDER CONSTRUCTION
REPRESENTATIVE PHOTO
Offering Memorandum THE HUMAN BEAN 1602Freddy’s N SCOTTSDALE ROAD Frozen Custard TEMPE,Lakewood, AZ 85281 CO AERIAL PHOTO THE HUMAN BEAN
MARINA HEIGHTS
CAR VENDING MACHINE
523 UNITS 234 UNITS 170 UNITS
N SCOTTSDALE RD 42,400 CPD
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 Z0070501 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 Z0070501 AERIAL PHOTO THE HUMAN BEAN
225+ STORES
Starbucks
100+ SHOPPING, DINING & ENTERTAINMENT
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 Z0070501 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 Z0070501 AERIAL PHOTO THE HUMAN BEAN
N SCOTTSDALE RD
MARINA HEIGHTS
SUN DEVIL FOOTBALL STADIUM
TEMPE TOWN LAKE
TEMPE CAMPUS 51,800+ STUDENTS
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 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 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 Z0070501 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 Z0070501 EXECUTIVE SUMMARY THE HUMAN BEAN
THE HUMAN BEAN 1602 N Scottsdale Road Tempe, AZ 85281
FINANCIAL SUMMARY BASE RENT $145,000 Price $2,416,000 Net Operating Income $145,000 Down Payment 100% $2,416,000 Total Return 6.0% $145,000 Cap Rate 6.0% Building SF 800 SF Net Cash Flow 6.0% $145,000 (1) Year Built 2019 Lot Size 0.73 Acres
(1) Includes Cell Tower Income
THE HUMAN BEAN LEASE SUMMARY TELECOMMUNICATIONS TOWER LEASE SUMMARY Lease Type Absolute Triple-Net (NNN) Lease Tenant Sun State Towers, LLC Tenant The Human Bean of Tempe-1, LLC Annual Rent $12,000 Lease Guarantor Personal Guarantees Lease Commencement Date July 23, 2018 Roof & Structure Tenant Responsible Lease Expiration Date July 31, 2023 Est. Lease Commencement Date April 2020 Lease Term 5 Years Est. Lease Expiration Date April 2030 Rental Increases 3% Annually Lease Term 10 Years Renewal Options 5, 5 Year Options Rental Increases 10% Every 5 Years Renewal Options 4, 5 Year Options Right of First Refusal 10 Days
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 5 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 Z0070501 TENANTAERIAL OVERVIEWPHOTO THE HUMAN BEAN
WWW.THEHUMANBEAN.COM 80+ LOCATIONS
Starbucks With a passion for creating happy people and a love of coffee, The Human Bean opened its first drive-thru espresso stand in Ashland, Oregon, in 1998. The demand for convenient, quality coffee & espresso grew and soon after opening the first loca- tion in Ashland, the company expanded to surrounding cities in Southern Oregon. The Human Bean quickly established a repu- tation for having friendly and experienced baristas and offering the highest quality ingredients. The Human Bean has expanded to 80 locations in ten states, 67 of those being franchised locations and 13 being corporate locations.
FRANCHISEE OVERVIEW The subject property on Scottsdale Rd will be the franchisee’s Fourth location in Arizona and Sixth total with two locations in Klamath Falls, Oregon. Additional locations have been signed in Tucson with more to come. This ownership group is the original franchisee with over 15 years’ experience with Human Bean. The three other Arizona locations the Franchisee has are 2005 N 19th Ave in Phoenix, 29 S Power Rd in Mesa, and 6502 N 16th St in Phoenix.
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 6 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 Z0070501 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 Z0070501 FRANCHISEEAERIAL PHOTO OVERVIEW THE HUMAN BEAN
THE HUMAN BEAN OF PHOENIX BRIAN SHERRILL Brian has been a part owner of the Human Bean of Klamath Falls, Or (2 loca- The subject property on 19th Avenue will be the franchisee’s third location in tions) for the past 14 years. During this time he has been heavily involved with Arizona and fifth total with two locations in Klamath Falls, Oregon. Additional the daily operations of the business. Brian also worked for his parents (Terry and locations have been signed in Tucson, another one in Phoenix, and Tempe with Janet Sherrill) in management in the Arby’s restaurant for 5 years during the more to come. This ownership group is the original franchisee with over 15 mid 1990’s. He has also been a residential real estate appraiser for the last 14 years’ experience with Human Bean. years, and still works as an appraiser for his company, Klamath Appraisal, Inc. In addition to that, he has also owned and operated Anytime Fitness in Klam- ath Falls, Or for the last 7 years with his mother Janet Sherrill. Brian earned a OWNER BIOGRAPHIES Bachelor of Science in Business Administration from Southern Oregon University in 2000. Brian will be moving to Mesa, Arizona to run the new Human Bean in JANET SHERRILL Mesa. He also enjoys working in youth sports, and has served as an assistant Janet Sherrill is a 1/4th partner owner in The Human Bean of Arizona, Inc. She coach at Henley High School and Klamath Union High School, both located in has extensive business and restaurant experience over the last 40+ years. Klamath Falls, Or. Brian also served on the board of directors for Klamath Basin Her and her late husband owned and operated Sherrill’s Volkswagen/Mazda/ Basketball Club. Porsche/Audi/Subaru in Klamath Falls, Oregon throughout the 1970’s. They sold out in the early 80’s and decided to change pace and get into the fast food busi- GREG SHERRILL ness. They acquired the Arby’s Roast Beef restaurant in Klamath Falls in the mid Gregg has been a part owner of the Human Bean of Klamath Falls, Or (2 loca- 80’s and Janet managed and worked in the restaurant successfully for 28 years. tions) for the past 14 years. During this time he has been heavily involved with They sold the restaurant business in 2015. The business was very successful the daily operations of the business. Gregg managed the day to day operations for 28 years they owned it, and continues to do well to this day. Janet is also a and worked as a barista/manager for the first 10 years of operations. Gregg has partner in owning and operating Anytime Fitness in Klamath Falls, Or for the last now been a successful real estate broker in Klamath Falls for the last 4 years. 8 years with her son Brian Sherrill. He is still involved with the Human Bean on a daily basis. Prior to opening the Human Bean, Gregg worked for Les Schwab Tire center for 6 years, and for the LESLIE WILKERSON State of Oregon DOT for 6 years. Gregg was also the president of the Klamath With her brothers Brian and Gregg, Leslie has also been a part owner of the County Pop Warner youth football program from 2007-2014. Human Bean of Klamath Falls, Or (2 locations) for the past 14 years. During this time she has been heavily involved with the daily operations of the business. She has done most of the scheduling over the last 14 years for both Human Bean locations, in addition to doing all the bookkeeping and payroll services for 14 years. In addition to the Human Bean, Leslie and her husband Dave have also owned and operated Wilkerson Construction in Klamath Falls for the last 10+ years.
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 7 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 Z0070501 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 Z0070501 AERIALPROPERTY PHOTO DESCRIPTION THE HUMAN BEAN
INVESTMENT HIGHLIGHTS LOCATION OVERVIEW • Brand New 10 Year Absolute Triple-Net (NNN) Lease – Multi Unit Franchisee The subject property is situated on the border of two of the largest cities in the • Ten Percent Increases Every Five Years Phoenix MSA: Tempe and Scottsdale. • 2019 Construction with a Drive Thru – Rare Hard Corner on Scottdale Road Home to Arizona State University – the largest public university in the United States – Tempe has a vibrant downtown that’s active day and night. Visitors will find locally- • Directly Off the Loop 202 Freeway (176,000+ Cars per Day), a Major Connector owned eateries and microbreweries, annual festivals, arts and cultural events. for the Phoenix Area While enjoying dynamic growth, the city has maintained its unique personality and • 305,981 Residents in Tempe Trade Area – Phoenix MSA style through a careful and masterful blending of the new with the old. Respecting • Minutes from Arizona State University’s Main Campus – 51,800+ Enrolled its heritage and energetically planning for the future, Tempe is a wonderful mix of • Additional Income from Cell Tower Lease Starbuckshistory and modern urban amenities. Tempe has a distinct identity as an emerging destination city, replete with all the offerings of a city rich in economics, technology, • Strong Daytime Population – 605,700+ Employees in 5-Mile Radius culture, tourism and educational resources. Tempe offers a blend of quality new • Close Proximity to Marina Heights – 5 Buildings Comprised of 2 Million SF of Office developments, revitalization and redevelopment, prestigious institutions such as Space and 60,000 SF of Retail Space – Regional Hub for State Farm Insurance Arizona State University, and celebrated traditions. Tempe brings it all together – bright • Excellent Visibility – 42,400+ Cars per Day Along N Scottsdale Road Arizona sun, rewarding places to work, diverse cultures, a myriad of recreational opportunities, the best in entertainment and an unparalleled Southwestern lifestyle. • Down the Road from SkySong, Arizona State University’s Scottsdale Innovation Center Scottsdale is known as “the West’s most Western town” and was described in the New York Times as “a desert version of Miami’s South Beach.” The tourism industry is Scottsdale’s primary employer, accounting for 39% of the city’s workforce. Scottsdale is home to one of the most visited malls in the country, Scottsdale Fashion Square, DEMOGRAPHICS as well as the San Francisco Giants Training Center and SkySong. SkySong is Arizona State University’s (ASU) 1.2 million SF mixed-use development located on Population 3-Miles 5-Miles 10-Miles a 42-acre campus in Scottsdale, three miles from ASU’s Tempe campus. SkySong 2022 Projection 120,708 307,156 1,092,905 is home to a diverse business community that links technology, research, education 2017 Estimate 118,284 305,981 1,090,004 and entrepreneurship to position ASU and Greater Phoenix as global leaders in the Households 3-Miles 5-Miles 10-Miles knowledge economy. 2022 Projections 52,994 132,841 442,623 2017 Estimate 50,783 128,861 429,378 Income 3-Miles 5-Miles 10-Miles 2017 Est. Average Household Income $53,821 $61,626 $73,805 2017 Est. Median Household Income $39,489 $42,642 $49,122 2017 Est. Per Capita Income $24,514 $26,530 $29,406
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 8 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 Z0070501 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 Z0070501 AERIALSITE PLAN PHOTO THE HUMAN BEAN
PROJECT DESCRIPTION ADJACENT PARCEL 13'-4" APN: 132-71-118C ZONING : R-4
PLANTER 8'-8" 1,003 S.F. PROJECT DATA CLIENT: 6502 N 16TH ST LLC
15'-3" CHRISTOPHER L WALTON
19'-0" 6502 N 16TH ST
CONC. APRON - 12' x 25' PHOENIX AZ 85016 VERIZON TOWER VERIZON
DRIVE OFFSET DRIVE EXISTING DRIVEWAY CURBING PROJECT ADDRESS: 1602 N SCOTTSDALE RD
S.V.T. TO BE REMOVED TEMPE AZ 85281 PRIVATE AS SHOWN REFUSE INTERIOR LOT LANDSCAPING 30" x 60" TACTILE APN: 132-71-118B ENCLOSURE INTERIOR LANDSCAPING - 15% NET LOT AREA WARNING 68'-0" LEGAL: CAVALIER HILLS UNIT 2 MCR REFUSE SCREENING 12'-0"x8'-0" 31,800 x .15 = 4,770 S.F. (MIN. REQ'D) BOOK 90 OF MAPS, PAGE 44 8' HIGH STUCCO ON CMU 5,821 S.F. 72" DIA. CONCRETE NEW 5' LANDSCAPE PROVIDED S/T/R: 10 / 1N / 4E PER CITY OF TEMPE TOWER BASE CONCRETE SIDEWALK STANDARD DETAIL ZONING: CSS DESIGN GROUP L.L.C.
DS-116 54'-3" CONSTRUCTION TYPE: VB - SPRINKLERED 31'-9" <16'-0"> OCCUPANCY: B - BUSINESS
40'-0" 24'-0" www.rossdesign.biz 4342 N CIVIC CENTER PLAZA PH. (480)-947-9685 FAX (480) 429-0107 ACCESSIBLE PARKING FIRE EXTINGUISHER: YES SCOTTSDALE, ARIZONA 85251 ZONING : R1-6
APN: 132-71-114 ASPHALT PAVING FUTURE VERIZON TO REMAIN SEE CIVIL TYPICAL PARKING SPACE NEW BUILDING SETBACK BUILDING DATA: ADJACENT PARCEL
ENCLOSURE 9'-0"W. x 18'-0" L. TWO WAY DRIVE BUILDING SF: 828 SF TOTAL 25'-0"x42'-0" OVERHANGS: 584 SF TOTAL _ PER TEMPE CASE 9'-6" ARCHITECTURE INTERIORS PLANNING PROJECT MANAGEMENT NEW 'ONE WAY DRIVE' EXISTING DRIVEWAY ACCESS 324 SF DRIVE - THRU NO. PL1T02TT DIRECTIONAL SIGNAGE 260 SF COVERED SIDEWALK
AREA UNDER ROOF: 1,412 SF TOTAL ROSS 7 PLANTER BUILDING HEIGHT: 20'-0" A.F.F. / 35'-0" ALLOWED
6'-3" 6' R. SITE DATA:
S.V.T. LOT SIZE: 31,800 SF NET BUILDING AREA: 828 SF RESTAURANT 5'-0" 18'-0" 1,050 SF (FUTURE VERIZON) 1,878 SF (FUTURE TOTAL) LOT COVERAGE: 2.6% THIS PROJECT 5.9% (FUTURE VERIZON) P/U DRIVE UP LANDSCAPE AREA: 5,330 SF FRONTAGE 5,821 SF INTERIOR LOT 11,151 SF TOTAL RAMP RAMP 260 S.F. COVERED WALK-UP ORDER LANDSCAPE PERCENT: 35% OF NET LOT
TWO WAY23'-0" 324 S.F. 11,151 SF / 31,800 BICYCLE PARKING CANOPY REQUIRED SETBACKS: C.O.T. SEC 4.203A (CSS) DRIVE (2 SPACES) MIN. 7 CONC. MEDIAN FRONT: 0'-0" / 20'-0" PARKING NOSE TRANSITION SIDE: 0'-0" BUILDING WALL MAG STD. 223 0'-0" COMMON WALL
51'-0" REAR: 10'-0" BUILDING WALL NEW 'DRIVE-THRU' STREET SIDE: 0'-0" / 20'-0" PARKING 11'-6" 2'-6" 20'-0" DIRECTIONAL SIGNAGE PARKING REQUIREMENTS: C.O.T. SEC 4.603E LANDSCAPE OPEN SPACE NEW BUILDING QUEUE LANDSCAPE 12'-0" 3,201 S.F. 18'x46' SETBACK RESTAURANT: 6" VERT. CURB DRIVE-THRU OUTDOOR DINING: 284 SF < 300 = 0 SPACES MAG STD. 222A LANE 24' R. 828 S.F. TAKE OUT: 828 SF / 150 = 6 SPACES TOTAL PARKING REQUIRED: = 6 SPACES _ 284 S.F. - 16 SEATS OUTDOOR DINING PARCEL 1 - 31,800 SF MAX PARKING ALLOWED: 6 SP x1.25 = 6.9 SPACES APN: 132-71-118B 23'-0" PARKING PROVIDED: = 14 SPACES _ TWO WAY DRIVE ZONING : CSS STALL SIZE PROVIDED: (9'-0" W. x 18'-0" L.) 35'-1" ACCESSIBLE PARKING: IBC TABLE 1106.1 _ BUILDING SETBACK PROVIDED: = 1 SPACE
COFFEE CONC. DRIVE BICYCLE PARKING REQUIRED: (2'-0" W. x 6'-0" L.) NEW SES RESTAURANT: 'RESIDENTIAL BUFFER TREES' 10' R. OUTDOOR DINING: 284 SF < 300 = 0 SPACES STAFF SPACED at 20'-0" O.C. MAX TAKE OUT: 828 SF /2000 = 1 SPACE ENTRY REQUIRED: = 1 SPACE _
10'-11" 7'-0" PLANTER PROVIDED: = 2 SPACES EXITS: 1 REQUIRED 23'-0" 478 S.F. 1 PROVIDED TWO WAY 32' R. TOILETS ROOMS: 1 UNISEX TOILET REQ'D. DRIVE 12' R. 200' STACKING 1 PROVIDED EXISTING 3' HIGH
LENGTH 11'-6" OCCUPANTS: B OCCUPANCY = 11 OCC. LANE 1 QUEUE SITE WALL TO REMAIN
USE PERMITS REQUESTED: DRIVE-THRU PERMIT TEMPE, AZ 85281 EXISTING MONUMENT SIGNAGE OUTDOOR DINING LANDSCAPE 6'-0" RENOVATED BY OTHERS - (PER CASE NO. PL1T02TT) CELL TOWER BUFFER 23'-0" UNDERSEPARATE PERMIT 683 S.F. NEW 'ONE WAY DRIVE' 1602 N. SCOTTSDALE ROAD 106' STACKING CITY OF TEMPE PLAN NOTES COMBINED DRIVEWAY
DIRECTIONAL SIGNAGE 11'-6" 50'-4" LENGTH QUEUE LANE 2 1. DEVELOPMENT AND USE OF THIS SITE WILL CONFORM WITH ALL APPLICABLE CODES AND ORDINANCES. NEW 3' HIGH MASONRY WALL THE HUMAN BEAN 12'-0" LANE TO MATCH BUILDING
BUILDING SETBACK BUILDING 2. THIS PROJECT IS LOCATED IN THE CITY OF TEMPE WATER
DRIVE-THRU SERVICE AREA AND HAS BEEN DESIGNATED AS HAVING AN ASSURED WATER SUPPLY. LANDSCAPE FRONTAGE 3. ALL NEW OR RELOCATED UTILITIES WILL BE PLACED
ZONING : R1-6 4,885 S.F. / 5,330 S.F. TOTAL APN: 132-71-115 UNDERGROUND. EXISTING ALLEY EXISTING 3' HIGH ADJACENT PARCEL
DIRECTIONAL SIGNAGE 20'-0" SITE WALL TO REMAIN 4. ALL SIGNAGE REQUIRES SEPARATE APPROVALS AND SETBACK
LANDSCAPE PERMITS. EXISTING 3' HIGH RETENTION BASIN NEW SITE WALL TO REMAIN 67% MAX. /FRONTAGE 'STREET FRONTAGE TREES' 5. ANY LIGHTING WILL BE PLACED SO AS TO DIRECT LIGHT EXISTING DRIVEWAY TO 3,464 S.F. ALLOWED SPACED at 30'-0" O.C. MAX AWAY FROM THE ADJACENT RESIDENTIAL DISTRICTS AND RELOCATE AS SHOWN WILL NOT EXCEED ONE FOOT CANDLE AT THE PROPERTY LINE. NO NOISE, ODOR OR VIBRATION WILL BE EMITTED SO THAT IT LANDSCAPE EXCEEDS THE GENERAL LEVEL OF NOISE, ODOR OR VIBRATION 445 S.F. EMITTED BY USES OUTSIDE THE SITE. PRE-APP 6. OWNERS OF THE PROPERTY ADJACENT TO PUBLIC RIGHT OF EXISTING MASONRY BUFFER WALL TO REMAIN S.V.T. WAY WILL HAVE THE RESPONSIBILITY FOR MAINTAINING ALL REVIEW S.V.T. LANDSCAPING WITHIN THE RIGHTS-OF-WAY IN ACCORDANCE WITH APPROVED PLANS.
32'-0" NEW DRIVEWAY EXISTING CURB/GUTTER & SIDEWALK TO REMAIN
50'-11" VICINITY MAP EXISTING DRIVEWAY ACCESS TO REMAIN E. MCKELLIPS ST PRELIMINARY
SITE N. SCOTTSDALE RD
DRAFT 04.11.18 N COLLEGE AVE E. HANCOCK DR NOT FOR CONSTRUCTION
E. WEBER DR N. MILLER DR ARCHIVE: N MILL AVE SHEET N0. ACCESSIBILITY KEYNOTES E. CURRY RD DATE: 04-11-2018 1. PROVIDE ACCESSIBLE ROUTE FROM R.O.W. AND ACCESSIBLE DEVELOPMENT SITE PLAN - DD6 04.11.18 SCALE: PARKING TO WALK UP SERVICE WINDOWAND RESTROOM WITHIN. W E AS SHOWN 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 0the information.10 References20 SCALE: to 1"square = 10'-0" footage or age are DRAWN BY: 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. PROVIDE ALTERNATIVE PAVING WITHIN PARKING LOT. NOTE: STAFF AS101 approximate. Buyer must verify the information andLANDSCAPE bears all risk PLAN for IS any CONCEPTUAL. inaccuracies. ACTUAL Any projections, LOCATIONS opinions, TO BE VERIFIED assumptions AND APPROVED or estimates BY OWNERused herein / ARCHITECT. are for example purposes only and do not represent the current or future CHECKED: 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 3. INCLUDE ACCESSIBLE PATH AS INDICATED ON SITE PLAN. 202 FWY DAVID ROSS 4. PASSAGEWAYS THRU BUILDING, DOORS, DOOR HARDWARE AND GENERAL CONTRACTOR TO COORDINATE NEW PLANTINGS WITH EXISTING IRRIGATIONS SYSTEM ALREADY IN PLACE. S RESTROOMperformance FACILITIES SHALL of the CONFORM property. TO THE Marcus REQUIREMENTS & Millichap OF Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Z0070501 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 Z0070501 ARIZONA REVISED STATUTES, SECTIONS 34-401 THRU 34-411. 5. CURB RAMP TO COMPLY WITH ANSI A117.1 SEC 4.7 LOCALAERIAL MAP PHOTO THE HUMAN BEAN
Starbucks MAP
Williams-Sonoma
2 MILES 4 MILE 6 MILES 11 MILES Arizona State Scottsdale Phoenix Sky Harbor Downtown University Fashion Square International Airport Phoenix
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 10 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 Z0070501 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 Z0070501 Net Leased Disclaimer Confidentiality Agreement
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 & Millichap and it should not be made available to any other person or entity without herein regarding the lease terms as confidential and proprietary and to only use such the written consent of Marcus & Millichap. By taking possession of and reviewing the information 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 or duplicate any part of the offering memorandum. If you have no interest in the subject we believe to be reliable. However, Marcus & Millichap has not and will not verify any of property at this time, please return this offering memorandum to Marcus & Millichap. this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever This offering memorandum has been prepared to provide summary, unverified financial about the accuracy or completeness of any information provided. and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a As the Buyer of a net leased property, it is the Buyer’s responsibility to independently substitute for a thorough due diligence investigation. Marcus & Millichap has not made confirm the accuracy and completeness of all material information before completing any any investigation, and makes no warranty or representation with respect to the income purchase. This Marketing Brochure is not a substitute for your thorough due diligence or expenses for the subject property, the future projected financial performance of the investigation of this investment opportunity. Marcus & Millichap expressly denies any property, the size and square footage of the property and improvements, the presence obligation to conduct a due diligence examination of this Property for Buyer. or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or Any projections, opinions, assumptions or estimates used in this Marketing Brochure are the financial condition or business prospects of any tenant, or any tenant’s plans or for example only and do not represent the current or future performance of this property. intentions to continue its occupancy of the subject property. The information contained The value of a net leased property to you depends on factors that should be evaluated by in this offering memorandum has been obtained from sources we believe to be you and 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 care- matters and makes no warranty or representation whatsoever regarding the accuracy or ful, independent investigation of any net leased property to determine to your satisfaction completeness of the information provided. All potential buyers must take appropriate with the 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 finan- cial documents related to the property and tenant. While the tenant’s past performance ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & at this or other locations is an important consideration, it is not a guarantee of future MILLICHAP AGENT FOR MORE DETAILS. success. Similarly, the lease rate for some properties, including newly-constructed fa- cilities 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 inter- rupted 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. exclusivelyExclusively listed by: listed
JAMIE MEDRESS MARK RUBLE CHRIS LIND OFFICES NATIONWIDE Executive Managing Director Senior Managing Director First Vice President www.marcusmillichap.com PHOENIX OFFICE PHOENIX OFFICE PHOENIX OFFICE 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]