food city anchored highlands · 2019-06-25 · grocery anchored shadow space high volume food city...
TRANSCRIPT
ARI SPIRO O: 480.634.8596 M: [email protected]
PRESENTED BY:
SEAN STUTZMAN O: 480.634.8194 M: [email protected]
www.orionprop.com
WEST
HIGHLANDSSHOPPING CENTER
6544 WEST THOMAS ROADNEC 67TH AVE & THOMAS RD
FOOD CITY ANCHORED
THOMAS ROAD
+/-36,508 VPD
■ GROCERY ANCHORED SHADOW SPACE High Volume Food City Anchored Center
■ HIGH TRAFFIC COUNTS Traffic Counts of over 76,000 vehicles per day
■ DIVERSE TENANT BASE
Tenants Include Food City, Family Dollar, Gen-X Clothing, Sherwin-Williams, Jackson Hewitt, Subway Sandwiches, and more
■ PROFESSIONALLY MAINTAINED AND MANAGED
Fresh, Updated Paint Job Approved by Anchor coming this Summer
■ CENTRALLY LOCATED 20 Minutes from Phoenix Sky Harbor International Airport - One Mile from the Interstate 10 Freeway
■ INFILL LOCATION
Over 545,000 Daytime Population within 5 Miles
■ DENSELY POPULATED Over 203,000 Residents within 3 Miles
■ STRONG DEMOGRAPHICS Young Families within 3 Miles - Average Age of 26.7 and Average Household Size of 3.80
THE OFFERINGINVESTMENT OVERVIEW
SALE PRICE $13,100,000
PRICE PER SF $159.92
CAP RATE 7.51%
OCCUPANCY 92%
BUILDING SIZE 82,515 SF
PARCEL SIZE 6.94 Acres
YEAR BUILT 1979
ZONING PSC, PhoenixTRAFFIC COUNT +/- 76,000 VPD
46,012 VPD (East on Thomas Road)30,694 VPD (North on 67th Avenue)
The West Highlands Shopping Center offering includes 82,515 square feet, built in 1979. Shadow anchored by a high-volume Food City, the property has maintained a historically high occupancy and is currently over 92% occupied. With a daytime population exceeding 545,000 and 203,000 residents within three miles, West Highlands has attracted a wide array of recognizable tenant names, such as Family Dollar, Gen-X Clothing, Sherwin-Williams, Cricket Wireless, Pizza Patron, Jackson Hewitt, and Subway Sandwiches.
Located one mile from the Interstate 10 Freeway and 20 Minutes from Phoenix Sky Harbor International Airport, this centrally located neighborhood center has been professionally managed and maintained for over 15 years with the current ownership group. The property will continue to thrive as it has a fresh, updated color scheme, approved by Food City, scheduled for this Summer.
CLICK TO VIEW DRONE VIDEO
4
NEW EXTERIOR PAINT ELEVATION
COMING THIS SUMMER
OBLIQUE AERIAL VIEW
+/-46,012 VPD
NAP
NAP
NAP
NORTH
+/-30,694 VPD
WEST
HIGHLANDSSHOPPING CENTER
WEST
HIGHLANDSSHOPPING CENTER
WEST FACING
EAST FACINGNORTH FACING
SOUTH FACING
SUBJECTSUBJECT
SUBJECTSUBJECT
PARCEL VIEWPARCEL # 103-02-003,004
SIZE 6.94 Acres
2018 TAXES $163,036
NAP
NAP NAP
103-02-003
103-02-004
Salsitas
THOMAS ROAD +/-46,012 VPD
+/-30,694 VPD67TH
AVENU
E
AERIAL VIEW
+/-46,012 VPD
+/-30,694 VPD
WEST
HIGHLANDSSHOPPING CENTER
L IVE
WORK
PLAY
GOLF COURSE
DESERT WEST SPORTS COMPLEX
The West Valley is a distinct area of the greater Phoenix metropolitan area and comprised of over 10 cities, towns and communities that lie west of Interstate 17. It’s no surprise that West Valley of Phoenix is one of the fastest growing areas in not just Arizona, but in the United States. The West Valley is home to Arizona’s major sports Teams and complexes such as the University of Phoenix Stadium (Arizona Cardinals), where spectators are offered the complete sports fan experience from pregame tailgating and live entertainment. The Gila River Arena (NHL Coyotes) in Glendale’s Westgate, a premier and vibrant entertainment center that offers hundreds of stores, restaurants, concerts and so much more! The West Valley also features numerous outlet malls and shopping options. The area is also home to several Major League Spring Baseball Teams which hosts Spring Training Cactus and Fall Leagues), NASCAR Venue’s Phoenix International Raceway, four major national parks, and Lake Pleasant to the North. 11
STADIUM
RENT ROLL
Current Rent Annual Rent Security Unit Lease Area From To Month PSF Rent PSF CAM Taxes Insurance Mgmt TOTALS Deposit Date Amount
01 Sherwin William's 5,000 6.06% 05/01/94 04/30/24 $3,605.80 $0.72 $43,269.60 $8.65 8,930.12$ 9,838.01$ 810.90$ 893.01$ 20,472.04$ 4.09$ $0.00 --- ---
02 Cricket Wireless 2,930 3.55% 11/01/16 10/31/19 $3,773.08 $1.32 $46,522.08 $15.88 5,233.05$ 5,765.07$ 475.19$ 2,059.71$ 13,533.02$ 4.62$ $0.00
03 Available 1,600 1.94% --- --- --- --- $0.00 --- --- --- --- --- --- --- --- --- ---
04 N & H Investments (Accounting/Financial) 1,200 1.45% 02/06/06 05/31/26 $1,748.37 $1.47 $21,188.68 $17.66 2,143.23$ 2,631.12$ 194.62$ 843.57$ 5,812.54$ 4.84$ $2,108.00 6/1/2020 $1,800.43
05 Century Nails 1,200 1.45% 04/01/13 03/31/23 $1,800.00 $1.52 $21,900.00 $18.25 2,143.23$ 2,631.12$ 194.62$ 843.57$ 5,812.54$ 4.84$ $2,950.00 4/1/2020 $1,850.00
07 Available 1,800 2.18% --- --- --- --- $0.00 --- --- --- --- --- --- --- --- --- ---
08 Le Dental Clinic 1,800 2.18% 12/01/16 11/30/21 $2,400.00 $1.37 $29,550.00 $16.42 3,214.81$ 3,541.68$ 291.92$ 1,265.35$ 8,313.76$ 4.62$ $3,000.00 12/1/2019 $2,475.00
09&10 Mid K Beauty Salon 5,465 6.62% 02/01/16 01/31/22 $5,492.33 $1.03 $67,226.12 $12.30 9,760.62$ 10,752.95$ 886.31$ 3,841.75$ 25,241.63$ 4.62$ $3,871.00 2/1/2020 $5,657.10
11 Gen-X Clothing 13,000 15.75% 12/01/17 06/30/23 $12,500.00 $0.96 $150,000.00 $11.54 -$ -$ -$ -$ -$ -$ $12,500.00 --- ---
15 Family Dollar Store 11,934 14.46% 08/01/02 04/30/20 $7,518.42 $0.64 $91,348.80 $7.65 21,314.42$ 23,481.36$ 1,935.45$ -$ 46,731.23$ 3.92$ $0.00 --- ---
17 Design's Unlimited Cuts & Perms 1,700 2.06% 03/01/01 02/28/23 $2,391.70 $1.43 $29,202.72 $17.18 3,036.24$ 3,344.92$ 275.71$ 1,195.05$ 7,851.92$ 4.62$ $2,950.00 3/1/2020 $2,463.46
19 City of Phoenix Real Estate 3,400 4.12% 08/13/14 01/00/00 $4,598.45 $1.36 $55,319.35 $16.27 6,072.48$ 6,689.85$ 551.41$ 2,390.11$ 15,703.85$ 4.62$ $0.00 9/1/2020 $4,736.40
23 Wavemax Laundromat 3,825 4.64% 09/01/19 08/31/29 $4,462.50 $1.17 $53,550.00 $14.00 6,846.75$ 7,535.25$ 612.00$ 2,677.50$ 17,671.50$ 4.62$ $0.00 --- ---
26 The Water Store 1,267 1.54% 11/01/02 01/31/22 $1,622.82 $1.31 $19,863.28 $15.68 2,262.89$ 2,492.95$ 205.48$ 890.67$ 5,851.99$ 4.62$ $1,293.40 2/1/2020 $1,671.50
27, 28 Sushi Sonora 2,812 3.41% 02/28/14 09/30/23 $2,343.33 $0.83 $28,119.96 $10.00 2,745.12$ 3,024.20$ 249.27$ 1,080.47$ 7,099.06$ 2.52$ $3,000.00 --- ---
29 Access Auto Insurance 1,100 1.33% 11/01/09 10/31/21 $1,650.81 $1.53 $20,139.92 $18.31 1,964.63$ 2,164.36$ 178.40$ 773.27$ 5,080.66$ 4.62$ $1,283.33 5/1/2020 $1,716.85
30 Available 1,400 1.70% --- --- --- --- $0.00 --- --- --- --- --- --- --- --- --- ---
31 Available 1,496 1.81% --- --- --- --- $0.00 --- --- --- --- --- --- --- --- --- ---
32 Jackson Hewitt 1,434 1.74% 06/01/02 04/30/20 $1,869.97 $1.32 $22,720.14 $15.84 2,561.16$ 2,821.54$ 232.57$ 1,008.06$ 6,623.33$ 4.62$ $682.50 --- ---
34-36 Steven's Shoes 4,770 5.78% 06/01/08 05/31/20 $6,395.78 $1.35 $77,516.85 $16.25 8,519.34$ 9,835.46$ 773.60$ 3,353.18$ 22,481.58$ 4.71$ $8,094.24 --- ---
37 Gardner Chiropractic 1,275 1.55% 04/01/08 03/31/21 $1,921.85 $1.51 $23,062.20 $18.09 2,277.18$ 2,508.69$ 206.78$ 896.29$ 5,888.94$ 4.62$ $2,350.00 --- ---
38 Good China 1,813 2.20% 02/01/16 01/31/21 $2,324.13 $1.31 $28,447.40 $15.69 3,238.06$ 3,567.26$ 294.03$ 1,274.49$ 8,373.84$ 4.62$ $2,040.00 2/1/2020 $2,393.86
39 Subway Sandwiches 1,250 1.51% 07/01/12 04/30/22 $1,931.25 $1.55 $23,175.00 $18.54 2,232.53$ 2,459.50$ 202.72$ 878.72$ 5,773.47$ 4.62$ $1,562.00 --- ---
41 Vivir Sanamente 1,000 1.21% 10/01/10 10/31/20 $1,339.00 $1.38 $16,509.87 $16.51 1,786.02$ 1,967.60$ 162.18$ 702.97$ 4,618.77$ 4.62$ $1,536.00 11/1/2019 $1,379.17
42 Pizza Patron 1,500 1.82% 04/01/16 03/31/26 $2,784.09 $1.89 $34,003.17 $22.67 2,679.04$ 2,951.40$ 243.27$ 1,054.46$ 6,928.17$ 4.62$ $0.00 4/1/2020 $2,868.41
44 Sesmas Salon and Barber 779 0.94% 03/01/05 03/31/22 $1,713.60 $2.24 $20,923.07 $26.86 1,391.31$ 1,532.76$ 126.34$ 547.62$ 3,598.03$ 4.62$ $4,500.00 4/1/2020 $1,765.01
45 Cadillac Tuxedos 835 1.01% 02/09/17 02/28/22 $1,200.00 $1.48 $14,800.00 $17.72 1,491.33$ 1,642.95$ 135.42$ 586.98$ 3,856.68$ 4.62$ $1,483.60 3/1/2020 $1,250.00
46 Raspa Chunguis 1,133 1.37% 02/01/17 11/30/21 $1,510.67 $1.37 $18,600.04 $16.42 2,023.57$ 2,229.29$ 183.75$ 796.47$ 5,233.08$ 4.62$ $1,934.50 12/1/2019 $1,557.87
47 Aldo's Hot Wings 1,250 1.51% 04/20/14 03/31/24 $1,569.85 $1.27 $19,120.80 $15.30 2,232.53$ 2,459.50$ 202.72$ 878.72$ 5,773.47$ 4.62$ $1,914.13 4/1/2020 $1,619.95
PAD Valencia Produce, Inc. 2,547 3.09% 02/15/16 01/31/26 $8,741.82 $3.50 $106,999.60 $42.01 4,549.00$ 5,011.48$ 413.07$ -$ 9,973.55$ 3.92$ $7,498.00 2/1/2020 $9,004.04
CELL Verizon Wireless 07/01/15 06/30/25 $1,688.26 $20,411.07 2/1/2020 $1,738.91
CAM Food City 79,394.15$ -$ -$ 7,939.41$ 87,333.56$ --- ---
Total Current 82,515 100% $90,898 $1.10 $1,103,490 $13.37 $190,043 $122,880 $10,038 $38,671 361,632$ 4.3826$ 66,551$
Total Vacant 6,296 7.63%
Total Current 76,219 92.37% $90,898 $1.19 $1,103,490 $14.48 $190,043 $122,880 $10,038 $38,671 361,632$ 4.74$ 66,551$
CAM RECAPTURE Rental IncreasesLease Term
RENT PROJECTIONS
Tenant OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP TOTAL
Sherwin William's 3,605.80 3,605.80 3,605.80 3,605.80 3,605.80 3,605.80 3,605.80 3,605.80 3,605.80 3,605.80 3,605.80 3,605.80 $43,270
Cricket Wireless 3,773.08 3,886.27 3,886.27 3,886.27 3,886.27 3,886.27 3,886.27 3,886.27 3,886.27 3,886.27 3,886.27 3,886.27 $46,522
Available 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0
N & H Investments 1,748.37 1,748.37 1,748.37 1,748.37 1,748.37 1,748.37 1,748.37 1,748.37 1,800.43 1,800.43 1,800.43 1,800.43 $21,189
Century Nails 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,800.00 1,850.00 1,850.00 1,850.00 1,850.00 1,850.00 1,850.00 $21,900
Available 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0
Le Dental Clinic 2,400.00 2,400.00 2,475.00 2,475.00 2,475.00 2,475.00 2,475.00 2,475.00 2,475.00 2,475.00 2,475.00 2,475.00 $29,550
Mid K Beauty Salon 5,492.33 5,492.33 5,492.33 5,492.33 5,657.10 5,657.10 5,657.10 5,657.10 5,657.10 5,657.10 5,657.10 5,657.10 $67,226
Gen X Clothing 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 $150,000
Family Dollar Store 7,518.42 7,518.42 7,518.42 7,518.42 7,518.42 7,518.42 7,518.42 7,743.97 7,743.97 7,743.97 7,743.97 7,743.97 $91,349
Design's Unlimited 2,391.70 2,391.70 2,391.70 2,391.70 2,391.70 2,463.46 2,463.46 2,463.46 2,463.46 2,463.46 2,463.46 2,463.46 $29,203
City of Phoenix Real Estate 4,598.45 4,598.45 4,598.45 4,598.45 4,598.45 4,598.45 4,598.45 4,598.45 4,598.45 4,598.45 4,598.45 4,736.40 $55,319
Wavemax Laundromat 4,462.50 4,462.50 4,462.50 4,462.50 4,462.50 4,462.50 4,462.50 4,462.50 4,462.50 4,462.50 4,462.50 4,462.50 $53,550
The Water Store 1,622.82 1,622.82 1,622.82 1,622.82 1,671.50 1,671.50 1,671.50 1,671.50 1,671.50 1,671.50 1,671.50 1,671.50 $19,863
Sushi Sonora 2,343.33 2,343.33 2,343.33 2,343.33 2,343.33 2,343.33 2,343.33 2,343.33 2,343.33 2,343.33 2,343.33 2,343.33 $28,120
Access Insurance 1,650.81 1,650.81 1,650.81 1,650.81 1,650.81 1,650.81 1,650.81 1,716.85 1,716.85 1,716.85 1,716.85 1,716.85 $20,140
Available 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0
Available 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 $0
Jackson Hewitt 1,869.97 1,869.97 1,869.97 1,869.97 1,869.97 1,869.97 1,869.97 1,926.07 1,926.07 1,926.07 1,926.07 1,926.07 $22,720
Steven's Shoes 6,395.78 6,395.78 6,395.78 6,395.78 6,395.78 6,395.78 6,395.78 6,395.78 6,587.65 6,587.65 6,587.65 6,587.65 $77,517
Gardner Chiropractic 1,921.85 1,921.85 1,921.85 1,921.85 1,921.85 1,921.85 1,921.85 1,921.85 1,921.85 1,921.85 1,921.85 1,921.85 $23,062
Good China 2,324.13 2,324.13 2,324.13 2,324.13 2,393.86 2,393.86 2,393.86 2,393.86 2,393.86 2,393.86 2,393.86 2,393.86 $28,447
Subway Store 1,931.25 1,931.25 1,931.25 1,931.25 1,931.25 1,931.25 1,931.25 1,931.25 1,931.25 1,931.25 1,931.25 1,931.25 $23,175
Vivir Sanamente 1,339.00 1,379.17 1,379.17 1,379.17 1,379.17 1,379.17 1,379.17 1,379.17 1,379.17 1,379.17 1,379.17 1,379.17 $16,510
Pizza Patron 2,784.86 2,784.86 2,784.86 2,784.86 2,784.86 2,868.41 2,868.41 2,868.41 2,868.41 2,868.41 2,868.41 2,868.41 $34,003
Sesmas Salon and Barber 1,713.60 1,713.60 1,713.60 1,713.60 1,713.60 1,765.01 1,765.01 1,765.01 1,765.01 1,765.01 1,765.01 1,765.01 $20,923
Cadillac Tuxedos 1,200.00 1,200.00 1,200.00 1,200.00 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 $14,800
Raspa Chunguis 1,510.67 1,510.67 1,557.87 1,557.87 1,557.87 1,557.87 1,557.87 1,557.87 1,557.87 1,557.87 1,557.87 1,557.87 $18,600
Aldo's Hot Wings 1,569.85 1,569.85 1,569.85 1,569.85 1,569.85 1,569.85 1,616.95 1,616.95 1,616.95 1,616.95 1,616.95 1,616.95 $19,121
Valencia Produce, Inc. 8,741.82 8,741.82 8,741.82 8,741.82 9,004.04 9,004.04 9,004.04 9,004.04 9,004.04 9,004.04 9,004.04 9,004.04 $107,000
Verizon Wireless 1,688.26 1,688.26 1,688.26 1,688.26 1,688.26 1,688.26 1,688.26 1,688.26 1,688.26 1,738.91 1,738.91 1,738.91 $20,411
Totals 90,898.65 91,052.01 91,174.21 91,174.21 91,769.61 91,976.33 92,073.43 92,421.12 92,665.06 92,715.71 92,715.71 92,853.66 1,103,490
FINANCIAL ANALYSIS
92.37% Occupied 95% Occupied
Base Rent (Occupied) 76,219 Square Feet @ $14.48 psf $1,103,490 $1,103,490Base Rent (Vacant) 6,296 Square Feet @ $15.00 psf $94,440 $94,440
CAM Recapture (Occupied) 76,219 Square Feet @ $3.60 psf $274,299 $274,299CAM Recapture (Vacant) 6,296 Square Feet @ $4.64 psf $29,213 $29,213CAM Recapture (Pass Thru Water) $13,000 $13,000CAM Recapture (Food City) $87,334 $87,334
Total Gross Revenue $1,601,775 $1,601,775
Vacancy Factor $123,653 $80,089
Total Adjusted Gross Revenue $1,478,122 $1,521,687
OPERATING EXPENSES (2019 Budget)Water $33,693 $0.41 psfCAM $226,804 $2.75 psfInsurance $13,385 $0.16 psfProperty Taxes $162,396 $1.97 psfManagement $58,020 $0.70 psf
Operating Expenses $494,298 $5.99 psf $494,298 $494,298
Net Operating Income 7.51% CAP Rate $983,823 $1,027,388 7.84% CAP Rate
Debt Service $525,957 $525,957
Return on Equity 8.63% Cash on Cash Return $457,867 $501,431 9.45% Cash on Cash Return
Principal Paydown $133,914 $133,914
Total Return 11.15% Total Return $591,781 $635,346 11.97% Total Return
7.51% CAP Rate 7.84% CAP Rate
Downpayment 41% Down
Existing Financing
Original Loan Amount $8,100,000 Current Balance
Interest Rate 5.07% Interest Only Period
Origination Date March 31, 2016 Loan Due
Original Term 10 Years Term Remaining
Amortization Period 30 Years Monthly Debt Service
Prepayment Penalty Defeasance Recourse
OCTOBER 2019 YEAR FORWARD INCOME & EXPENSE
$159.92 per Square FootBased on Purchase Price of $13,100,000
7.63% Actual
No (with exception of carve-outs)
$43,829.74
6 years, 5 months (as of October 2019)
March 1, 2026
$7,793,409 (as of October 2019)
Year One
Existing Loan Payment
$5,306,591 in Equity
$7,793,409 in Debt
Existing Financing with Morgan Stanley
SELECT TENANT PROFILES
FOOD CITY (NAP)Food City is a family-owned grocery chain that has a 50-year reputation for servicing the Hispanic community in Phoenix. It was acquired by Bashas’ in 1993 and continues it’s mission unchanged. Food City carries aisles of traditional Mexican foods along with items found in a traditional grocery store like Bashas. They concentrate on imported brands from Mexico and feature a full-service carniceria with specially marinated cuts of meat, and a Mexican bakery.
FAMILY DOLLAR Family Dollar is an American variety store chain that was founded in 1958. Shoppers can find many items at $1 or less. Family Dollar is one of the country’s fastest growing retailers with over 8,000 locations nationwide. They offer a compelling assortment of merchandise for the whole family ranging from household cleaners to name brand foods, from health and beauty aids to toys, and from apparel for every age to home fashions. All items for everyday low prices.
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SHERWIN WILLIAMS Sherwin-Williams is the largest coatings manufacturer in the United States and the third largest worldwide. Founded in 1866, the company employs more than 33,000 people in 109 different countries. Today, Sherwin-Williams is a global leader in the development and manufacture and sale of coatings and related products. There are 3,954 company-operated paint stores and branches around the world with annual sales of $9.5Billion.
GEN-X CLOTHINGGen-X Clothing was founded in 1998 in Salt Lake City, Utah. Since then, they have expanded into 11 states with an additional 40 stores. Gen X Clothing specializes in the sales of Men’s, Women’s and Children’s casual-clothing, shoes, street-wear, and other relation clothing accessories.
PIZZA PATRONPizza Patron is a Latin-inspired pizza shop that was founded in 1986 in San Antonio, Texas. When they started accepting pesos for their pies, they were launched into the national spotlight. They make handmade pizza with a one-of-a-kind style and commitment to serve every community with the flavors of Latin culture.
SUBWAYSubway is an American fast food restaurant franchise that was founded in 1965 in Bridgeport, Connecticut. They primarily serve submarine sandwiches and salads and are one of the fastest-growing franchises in the world. There are approximately 42,000 stores located in more than 100 countries. Subway is the largest single-brand restaurant chain, and the largest restaurant operator, in the world.
www.subway.com
www.pizzapatron.com
gogenx.com
www.familydol lar.com
www.sherwin-wi l l iams.com
www.myfoodci ty.com
SALSITAS MEXICAN FOODSalsitas Mexican Food is a Mexican fast food restaurant that serves affordable, even late-night, comfort food. They have multiple locations open around the Valley. The taqueria specializes in traditional fare, agua frescas, and drinks with retro-style façade.
JACKSON HEWITT TAX SERVICE Jackson Hewitt Tax Service Inc. is the second-largest tax-preparation service in the United States. The company was founded in 1982 and supports more than 5,763 franchise locations throughout the U.S. It is responsible for preparing over 2 million federal, state, and local income-tax returns each year. They operate more than 6,000 franchised and company-owned locations throughout the United States. Jackson Hewitt provides its customers with tax-return preparation services and electronic filing.
16
CRICKET WIRELESSCricket Wireless is a prepaid wireless service provider in the United States. The company was founded in 1999 in Chattanooga, Tennessee and was acquired by AT&T in March of 2014. Their service offers mobile voice, text, and data using parent AT&T’s nationwide network.
ACCESS AUTO INSURANCEAccess Auto Insurance is a BBB accredited automobile insurance company that was founded in 1975. They strive to keep families protected with a long history of serving local communities. There are 85 retail locations in five different states. Access Auto Insurance offers specialty customers a number of important product advantages, including low down payments, customer-friendly payment plans, online payment acceptance, 24/7 claims, flexible reinstatements and friendly, helpful bilingual customer support.
Salsitas
www.access - insurance.com
www.jacksonhewit t .com
www.cricketwireless.com
www.sals i tas -mexican.com
SELECT TENANT PROFILES
WAVEMAX LAUNDRYSince 2012, WaveMAX Coin Laundry has focused its business model on developing the prototypical market and store that can scale and sustain a national chain of coin only laundromats. WaveMAX Laundry has been dedicated to providing their customers with professional and high-quality service, the newest and most efficient equipment, and friendly treatment. WaveMAX currently has eight locations throughout the United States and is based in Jascksonville, Florida. www.wavemaxlaundry.com
VERIZON WIRELESSVerizon Wireless is a global communications technology company delivering the promise of the digital world to millions of customers every day. Verizon Wireless is the second largest wireless communications provider in the United States. The company was founded in 2000 and is headquartered in New Jersey.
17
SUSHI SONORASushi Sonora emerges as a triumph of Mexican culture and creativity. Sushi is a traditional Japanese food that when arriving in Mexico, specifically to the state of Sonora, it is enriched with the flavors, textures and Mexican flavors. Opening its first restaurant in 2012, Sushi Sonora now has three valley locations. www.sushisonora.com
www.verizonwireless.com
Mid K Beauty Supply
N & H Investment LLC
MID K BEAUTY SUPPLYMid K Beauty is a beauty supply store in Phoenix that carries cosmetic, personal care, and supplies.
www.facebook.com/pages/Mid-K-Beauty -Supply/138004902939740
CENTURY SPA NAILSCentury Spa Nails is a full-service nail salon in Phoenix. Services offered include manicures, pedicures, and mani-pedis.
www.facebook.com/centur yspanai ls
N & H INVESTMENT LLCN & H Investment LLC offers financial services.
www.facebook.com/pages/N-H- Investment -LLC/457002917804804
SELECT TENANT PROFILES
SITE PLAN
103-02-003
THOMAS ROAD +/-46,012 VPD
67TH AVEN
UE +/-30,694 VPD
NAP
SIGN
SIG
N
SIG
N
NAP
Salsi
tas
NAP
1,600 SF
ACCOUNTING
NAIL SALON
1,800 SF
DENTAL CLINIC
Mid KBEAUTY SALON
HA
IR S
ALO
N
CITY
OF
PHO
ENIX
REA
L ES
TATE
WAT
ER S
TORE
SUSH
I SO
NO
RA
ACC
ESS
AU
TOIN
SURA
NCE
1,40
0 SF
1,49
6 SF
STEV
EN’S
SH
OES
CHIR
OPR
ACT
OR
GO
OD
CH
INA
VIVIR S
SALON &BARBER
TUXEDOS
RASPAS
ALDO’SHOT WINGS
2018 SUMMARY (SOURCE: ESRI) ONE MILE THREE MILE FIVE MILE
DAYTIME POPULATION 35,832 241,079 545,024
POPULATION 32,886 203,009 417,004
AVG HOUSEHOLD SIZE 4.04 3.80 3.65
AVG HOUSEHOLD INCOME $46,746 $47,145 $50,598
MEDIAN AGE 25.7 26.7 27.4
DAYTIME POPULATION
AVERAGE HHINCOME
MEDIANAGE
545,024
$50,598
27.4*Based on
5 Mile Radius
DEMOGRAPHIC HIGHLIGHTS
ARI SPIRO O: 480.634.8596 M: [email protected]
PRESENTED BY:
SEAN STUTZMAN O: 480.634.8194 M: [email protected]
www.orionprop.com
WEST
HIGHLANDS
6544 WEST THOMAS ROADNEC 67TH AVE & THOMAS RD
SHOPPING CENTER