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Prominent Mill Avenue Location for Lease

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Prominent Mill Avenue Location for Lease THE OPPORTUNITY OF A LIFETIME: MAIN & MAIN IN DOWNTOWN TEMPE ON TOP OF MILL AVENUE FORMER GORDON BIERSCH 420 S MILL AVE TEMPE, AZ 85281 Kevin Weller 480.425.5513 [email protected] Mary Nollenberger 480.425.5520 [email protected] Nicole Ridberg 480.425.5514 [email protected] Downtown Tempe: The 1 Downtown Tempe: The 3 Rent Comparables 5 Opportunity Development Projects Rent Comps Property Summary Tempe Street Car Rent Comps Summary Property Location Phoenix Light Rail Expansion Rent Comps MaP Regional MaP NOVUS Innovation Corridor Demographic Information 6 Daytme Signage Example Mirabella Demographic Report Exteriors Photos Marina Heights Bar & Dining Room I.D.E.A. Tempe Balcony Photos Hotel Developments Brewery Equipment Hotel Developments (Cont) Kitchen Oace Developments Second Story Floorplan Apartment Developments Recently Completed Apartments Downtown Tempe: A Place Like 2 ASU Developments & Renovations No Other The City Downtown Tempe: Meet Your 4 The Employers Neighbors The University The Restaurants The Events The Entertainers The Travelers The Retailers The Recognition FORMER GORDON BIERSCH | 420 S MILL AVE, TEMPE, AZ 85281 OFFERING MEMORANDUM 1 DOWNTOWN TEMPE: THE OPPORTUNITY 420 S Mill Ave Tempe, AZ 85281 FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 3 Property Summary OFFERING SUMMARY PROPERTY HIGHLIGHTS Lease Rate: $33.00 SF/yr (NNN) • One of a kind location with a one of the most diverse sets of potential customers in the United States Building Size: 15,966 SF • Signage opportunity of a lifetime Available SF: 9,265 SF • Incredibly large kitchen that any chef would be able to make their own Lot Size: 8,022 SF • Separation between the bar and the dining room complements various tenant `oorplates Year Built: 1998 • Full bar set up complete with brewing equipment from previous tenant Zoning: CC • Expansive second `oor patio space with views of the vibrant 5th St, Mill Ave and A Mountain Market: Tempe • Patio complete with misters for hot Arizona summers Submarket: Downtown Tempe • Grand entrance from ground `oor doors, along with elevator access APN: 132-29-043, 132-29-042 FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 4 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. Property Location FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 5 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. Regional Map FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 6 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. Daytme Signage Example FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 7 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. Exteriors Photos FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 8 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. Bar & Dining Room FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 9 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. Balcony Photos FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 10 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. Brewery Equipment FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 11 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. Kitchen FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 12 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. Second Story Floorplan FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 13 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. 2 DOWNTOWN TEMPE: A PLACE LIKE NO OTHER 420 S Mill Ave Tempe, AZ 85281 FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 14 The City AN OVERVIEW OF TEMPE In the center of the Valley of the Sun, Tempe covers approximately 40 square miles and is home to more than 185,000 residents. The average age of a Tempe resident is 29, one of the youngest average ages in the country. Even with a very young population in the area, the average household income is $70,687, compared to the $77,596 for Metro Phoenix. Tempe's distinct identity as an emerging city in the Southwest, complete with all the o^erings of a city rich in economics, technology, culture, tourism and educational resources. Tempe o^ers an amazing combination of quality new developments, revitalizations and redevelopments, prestigious institutions such as Arizona State University, and celebrated traditions. While enjoying tremendous growth over the past few years, Tempe has maintained its unique personality and style through a careful blending of the new with the old. Respecting where it has came from, while also energetically planning for its future, Tempe is a wonderful mix of history and modern urban amenities. WITHOUT A DOUBT, TEMPE’S MILL AVENUE DISTRICT IN DOWNTOWN TEMPE IS THE HOTTEST ENTERTAINMENT CENTER IN ARIZONA. IT IS THE HOT SPOT IN THE VALLEY OF THE SUN PHOENIX AREA WITH THE HIGHEST CONCENTRATION OF RESTAURANTS, CAFES, MICROBREWERIES, SPORTS BARS, UNIQUE SHOPPING AND NIGHTLIFE THAN ANY OTHER PLACE IN THE METRO AREA. FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 15 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. The Employers TEMPE'S STRENGTH: IT'S TALENTED YOUNG WORKFORCE The report looked at tech oace net absorption, or the amount of oace space and the rate at which it has been purchased in recent years. While that’s awesome news for the state’s capitol, it’s the adjoining city of Tempe that found itself at number 4 on the list. All this movement for both cities and the area as a whole is due to major moves from global tech companies buying up space to expand operations and new startups deciding to stick around here instead of looking to set down roots in places such as Silicon Valley, Austin and New York. “Tempe has created a community that is a microcosm of what is great about Arizona: great accessibility to a young and knowledge-based workforce (median age is 28 and 42% of residents have a bachelor’s degree or better), Arizona State and the University of Advancing Technology are producing technology-pro_cient graduates in engineering, sobware, development, computer science, etc.,” says Maria Laughner, Economic Development Program Manager, City of Tempe. MAJOR EMPLOYERS USA TODAY RATED TEMPE 12TH • StateFarm Avnet • Chase Viasat AMONG CITIES THAT ATTRACT • Northern Trust WeWork • MUFG. ZipRecruiter “YOUNG WORKERS” • BNP Paribas Amazon • Silicon Valley Bank Microsob • ADP Opendoor ON AN AVERAGE BUSINESS • Insight. KPMG • GoDaddy Waste Management DAY THERE ARE MORE • Medtronic JP Morgan Chase • Becton Dickinson Deloitte WORKERS THAN RESIDENTS • Honeywell Carvana IN THE CITY OF TEMPE. FORMER GORDON BIERSCH | 420 S MILL AVE TEMPE, AZ 85281 SVN | Desert Commercial Advisors | Page 16 The information presented here is deemed to be accurate, but it has not been independently veri"ed. We make no guarantee, warranty or representation. It is your responsibility to independently con"rm accuracy and completeness. All SVN® o#ces are independently owned and operated. The University ARIZONA STATE UNIVERSITY FUN FACTS TEMPE'S EDUCATION SYSTEM IS • ASU was founded in 1885 as the Arizona Territorial RESPONSIBLE FOR 9,400 HIGH SCHOOL Normal School (this is 27 years before Arizona was GRADUATES AND 20,000 COLLEGE declared an oacial state) GRADUATES ANNUALLY.
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