Single Tenant NNN Investment Opportunity North Phoenix, AZ. Offering Memorandum

Size: px

Start display at page:

Download "Single Tenant NNN Investment Opportunity North Phoenix, AZ. Offering Memorandum"

Olivia Arnold
5 years ago
Views:

Single Tenant NNN Investment Opportunity North Phoenix, AZ Offering Memorandum www.investorsazrealtors.com Toll free: 844-937-31 XCD Realty & Property Management 2 N. Central Ave.

1 Single Tenant NNN Investment Opportunity North Phoenix, AZ Offering Memorandum Toll free: XCD Realty & Property Management 2 N. Central Ave. #1780 Phoenix, AZ Samir Sawhney, P Eng. Designated Broker xcdrealtyadvisors@gmail.com Licensed: AZ Anthony Masiello Principal Sales Agent, Realtor anthony.masiellorealtor@gmail.com Licensed: AZ

2 EXECUTIVE THE OFFERING SUMMARY PRICE $1,050,000 CAP 6.5% NOI $68,025 Anthony Masiello of XCD Realty is pleased to present for sale this single tenant, absolute triple net leased freestanding Risas Dental Braces in Phoenix, AZ. Located in the heart of North Phoenix, the Risas Dental Care is conveniently located in a densley populated area among many well recognized national tenant brands, including McDonalds, CVS, Goodwill, and others. The NNN lease has Four (4) years remaining with Two (2), Five (5) year options, and % rental increases every five years in the options period. The property has one ingress access point, one ingress/egress access point, along with two cross easements with the property to the North, which is a retail strip which currently houses Cricket Wireless, Oasis Insurance, Rose Tuxedo, Sam s Computer Services and Metro Barber Shop. Triple Net Lease Investment Two Access Points, and two Cross Easements Drive-Thru Re-Tenant Potential RISAS DENTAL BRACES PHOENIX, AZ PAGE 2

EXECUTIVE FINANCIAL OVERVIEW SUMMARY LEASE ABSTRACT Tenant Name Risas

Lease Commence December 1, 2011 Lease Expire November 30, 2022 Renewal

$54,420.00 Years 2-4 $65,304.00 Years 5-11 (current) $68,025.

3 EXECUTIVE FINANCIAL OVERVIEW SUMMARY LEASE ABSTRACT Tenant Name Risas Dental Braces Base Term Eleven (11) Years Remaining Term Four (4) Years Lease Commence December 1, 2011 Lease Expire November 30, 2022 Renewal Options Two (2), Five (5) year options Expenses NNN RENT SCHEDULE Year 1 $54, Years 2-4 $65, Years 5-11 (current) $68, Years (Option 1) $74, Years (Option 2) $82,3.25 RISAS DENTAL BRACES PHOENIX, AZ PAGE 3

4 PARCEL E X E OVERVIEW CUTIVE SUMMARY 621 North 35th Avenue, Phoenix, AZ N 35TH ST W PEORIA AVE OMGAERIALS.PRO R I S A S D E N TA L B R AC E S P H O E N I X, A Z PAG E 4

5 PARCEL E X E OVERVIEW CUTIVE SUMMARY 20 MIN. DRIVE TO DOWNTOWN PHOENIX N 3 5TH AV E SU BJE C T PROPE RTY OMGAERIALS.PRO R I S A S D E N TA L B R AC E S P H O E N I X, A Z PAG E 5

Risas Dental promises to be upfront and clear about their pricing before treatment is started and works with patients to build a payment plan that allows for proper treatment at affordable prices.

6 EXECUTIVE TENANT OVERVIEW SUMMARY Risas Dental, focuses on providing quality and affordable dental care and braces for everyone. Unlike many healthcare options, their goal is to think and speak a language that patients understand. For this reason, We Speak Patient. Risas Dental promises to be upfront and clear about their pricing before treatment is started and works with patients to build a payment plan that allows for proper treatment at affordable prices. We are proud to offer the lowest prices in the industry. We promise to be less expensive and more financially flexible than other dental providers. This includes being a preferred provider in all insurance plans. If a patient doesn t have insurance, our flexible payment options will get the patient the dental care needed! TENANT FACTS Tenant Name Risas Dental Braces Website Number of Locations 20 States with existing locations AZ, CO, NV RISAS DENTAL BRACES PHOENIX, AZ PAGE 6

17 EXECUTIVE MARKET OVERVIEW SUMMARY This Risas Dental Braces is located at the North East corner of 35TH ave and Peoria Avenue in Phoenix, Arizona.

7 17 EXECUTIVE MARKET OVERVIEW SUMMARY This Risas Dental Braces is located at the North East corner of 35TH ave and Peoria Avenue in Phoenix, Arizona. It is less than a mile drive from Black Canyon Fwy, which leads motorists to Flagstaff to the North and into downtown Phoenix to the south. It is also 1 Mile from the Metrocenter Mall, which is currently being redeveloped. Additionally, Phoenix City Council recently approved a $25 Million payment to Valley Metro to cover final design and pre-construction service for a 1.6 mile extension light rail extension into Metrocenter. The project will include three new stations, two park and ride lots and a new transit center at Metrocenter Mall. The site is located about Miles North of downtown Phoenix POPULATION 1 Mile 3 Mile 5 Mile Projection 19, , , Estimate 18, , , Census 16, , ,717 Growth % 8.22% 8.05% Growth % 12.63% 11.36% 347 HOUSEHOLDS 1 Mile 3 Mile 5 Mile 2023 Projection 7,873 73, , Estimate 7,289 68, , Census 6,528 60, ,199 Growth % 8.18% 7.96% Growth % 12.78% 11.22% HOUSEHOLD INCOME 1 Mile 3 Mile 5 Mile 2018 Avg Household Income $59,117 $58,223 $62, Med Household Income $50,790 $44,279 $46,146 Metrocenter Mall RISAS DENTAL BRACES PHOENIX, AZ PAGE 7

8 ROAD AERIAL E X E OVERVIEW CUTIVE SUMMARY 17 SUBJECT PROPERTY W P E O R I A AVE N 3 5 TH AVE W P EORIA AVE 17 METROCENTER MALL 17 R O S E G A R D E N C E N T E R P H O E N I X, A Z PAG E 8

9 Single Tenant NNN Investment Opportunity North Phoenix, AZ Offering Memorandum Toll free: XCD Realty & Property Management 2 N. Central Ave. #1780 Phoenix, AZ Samir Sawhney, P Eng. Designated Broker xcdrealtyadvisors@gmail.com Licensed: AZ Anthony Masiello Principal Sales Agent, Realtor anthony.masiellorealtor@gmail.com Licensed: AZ

NNN LEASED INVESTMENT OR OWNER/USER OPPORTUNITY

NNN LEASED INVESTMENT OR OWNER/USER OPPORTUNITY 4244 N. 19TH AVENUE PHOENIX, AZ 85015 Jonathan Levy Advisor 480.425.5538 jonathan.levy@svn.com SVN DESERT COMMERCIAL ADVISORS 5343 N. 16TH STREET, SUITE