n. arizona ave nnn investment chandler az€¦ · 5,000 square feet situated on 22,400 sf, the...

589N. ARIZONA AVECHANDLER, AZ

NNN INVESTMENTATTRACTIVE 3.0% ANNUAL RENTAL ESCALATIONS - INFLATION HEDGE


PROPERTY SUMMARY ................................................................................................................ 03

LEASE SUMMARY ....................................................................................................................... 04

INVESTMENT HIGHLIGHTS ......................................................................................................... 05

AERIAL OVERVIEW ...................................................................................................................... 07

PARCEL DETAILS ......................................................................................................................... 08

CHANDLER ARIZONA .................................................................................................................. 09

REGIONAL MAP ........................................................................................................................... 10

DEMOGRAPHICS .......................................................................................................................... 11

CONFIDENTIALITY AGREEMENT ................................................................................................ 12

MUSEUMPLACEPARK AVENUE


3COLLIERS INTERNATIONAL


We are pleased to offer to qualified investors an opportunity to purchase a singletenant investment that is fully leased to LoanMax that offers a rare lease andrental increase structure providing an investor with excellent inflation protectionand long-term stable cash flow backed by proven sales volumes and credit strength. This is a NNN lease with 2 years of fixed term remaining and 2 - 5 Year options. The guaranteed minimum rent adjusts by 3.0% rental increases every year, providing an investor with rare, attractive rent escalations. Additionally, there are 3.0% annual rental escalations during all option periods. Comprised of 5,000 square feet situated on 22,400 SF, the subject property enjoys excellent visibility, convenient access along North Arizona Ave, ample parking and vehicular traffic. The property is surrounded by national tenants such as O’Reilly Auto Parts, Zam Zam World Foods, and Subway.

PROPERTY SUMMARY

PRICING SUMMARY

List Price $880,000

NOI $65,580

CAP Rate 7.0%

OPERATING EXPENSE DATA

Annual Rent $65,580

Operating Expenses

Taxes NNN

Insurance NNN

CAM NNN

Net Operating Income $65,580





LEASE SUMMARY

LEASE ABSTRACT

Tenant Trade Name LoanMax*

Lease Commencement 10/15/2009

Lease Expiration 10/15/2019

Lease Term 10 Years

Term Remaining On Lease 2 Years

Base Rent $5,464/Month

Rental Adjustments 3% Annualy

Options2-5 YR Options with

3.0% Annual IncreasesEach Option

Lease Type NNN Lease

Foundation & Exterior Underground Utilities Landlord Responsible

Roof Tenant Responsible*LoanMax is a subsidient of North American Title Loans





NNN INVESTMENT - EASE OF MANAGEMENT

› 2 years remaining on original 5 year renewal tenant has been at this location for 7 years - Minimal landlord responsibilities

› Attractive 3.0% annual rental escalations - Inflation hedge

› 2 - 5 year option periods with fixed rental increases

› Tenant pays most expenses directly - Coupon clipper asset

EXCELLENT 1031 EXCHANGE ASSET

› Long-term NNN lease - Pride of ownership - 10 years remaining

› Rare rental increases year - 3.0% - Inflation Hedge

› Established company - Over 413 locations operating in 20 states

› Excellent Site Fundamentals - Busy traffic corridor - hard signalized corner

› Minimal landlord obligations - Ease of management - Coupon Clipper

› No existing loan in place - Excellent financing options available

INVESTMENT HIGHLIGHTS





NATIONAL BRAND

› LoanMax - One of Nation’s Most Successful Title Loan Chains

› Approximately 413 Locations Across 20 States and 15 Countries

Founded in 1990 in Jonesboro, GA as Instant Cash Loans on Car Titles, Inc., now North American Title Loans, LoanMax, a subsidiary, is one of America’s most respected companies helping hardworking Americans use the equity in their vehicle to access the cash they need. LoanMax and its affiliated companies operate in more than twenty states nationwide.

For 25 years, we have been committed to helping customers get the hassle-free cash they need. Our company’s mission is to provide assistance to our customers in accessing the cash they need using a process that is convenient and hassle-free and terms that are straight-forward and transparent. We do all this while providing you with the excellent customer service you deserve and the honesty and integrity that you would expect.

While our reach is nationwide, LoanMax believes in operating as a trusted member of each community that we serve. LoanMax, its affiliates, and its sole owner, Rod Aycox, through his charitable foundation, have donated to numerous charities and organizations including the Martin Luther King, Jr. Memorial in Washington, DC., Christmas toy drives for underprivileged children, programs to feed the homeless, youth organizations that provide computer training and after-school tutors, as well as local fire and police departments.

INVESTMENT HIGHLIGHTS





AERIAL OVERVIEW


N. ARIZONA AVE

W. GALV

ESTO

N ST

E. O

AKLA

ND S

T





PARCEL DETAILS

Building Area 5,000 SF

Land Area 22,400 SF (0.514 Acres)

Parcel 302-64-001, 003, 005

Year Built 1955

STREET CROSS STREET TRAFFIC COUNT

N Arizona Avenue E Harrison Street 36,100

N Arizona Avenue W Ray Road 29,285

N Arizona Avenue E Detroit Street 29,285





CHANDLER, ARIZONAPopulation of the city is around 250,000, with 73.3% of the population being white, Technology is the dominant industry, with Intel having four locations in the area, and a strong presence in the city. 23.64% of the population is in healthcare or technology, far outpacing the national average, which is 5.67%. Unemployment rate is below the national average while job growth is about the national average. Intel currently has an environmentally sustainable factory operating in Chandler. The top employers in the city in order are Intel, Wells Fargo, Chandler Unified School District, Bank of America, and Verizon. In terms of education, Chandler is approximately 15 miles from Arizona State University. Within Chandler, there are 5 public schools, 5 private faith based schools, 2 post-secondary education institutions, a charter school, and trade school.

LOCATIONSLoanMax operates in 20 states all over the country. They have their company operating in Alabama, Arizona, California, Delaware, Georgia, Idaho, Kansas, Mississippi, Nevada, New Hampshire, New Mexico, Ohio, South Carolina, Tennessee, Texas, Utah, Virginia, and Wisconsin.

CITY OVERVIEW





REGIONAL MAP






DEMOGRAPHICS

POPULATION 1-MILE 3-MILE 5-MILE

Estimated Population (2017) 21,604 144,514 319,666

Projected Population (2022) 22,774 153,224 339,279

HOUSEHOLDS 1-MILE 3-MILE 5-MILE

Estimated Households (2017) 6,837 54,047 118,010

Projected Households (2022) 7,282 57,612 125,709

INCOME 1-MILE 3-MILE 5-MILE

Average Household Income (2017) 57,898 83,219 92,634

Median Household Income (2022) 47,003 66,390 74,061

BUSINESS FACTS 1-MILE 3-MILE 5-MILE

Total Businesses 960 5,802 15,170

Number of Employees 9,700 76,784 172,944





This Offering Memorandum contains select information pertaining to the business and affairs of LoanMax, Chandler, AZ. It has been prepared by Colliers International. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Colliers International. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness or this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence. By acknowledging your receipt of this Offering Memorandum from Colliers, you agree:

1. The Offering Memorandum and its contents are confidential;2. You will hold it and treat it in the strictest of confidence; and3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion or manner detrimental to the interest of the Seller.

Owner and Colliers International expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of LoanMax, Chandler, AZ or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Colliers International or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

CONFIDENTIALITY AGREEMENT


For More Information Contact:

BRIAN MASONSenior Vice President+1 408 282 [email protected] License No. 01229363

Broker of Record:

ROB MARTENSEN, ccim, siorExecutive Vice President+1 602 222 [email protected]

450 West Santa Clara StreetSan Jose, CA 95113

www.colliers.com/sanjose

n. arizona ave nnn investment chandler az€¦ · 5,000 square feet situated on 22,400 sf, the...

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