Brand New 15 Year Absolute NNN Lease At Arrowhead NWC 73rd Ave & Bell Rd Glendale, AZ

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1 Brand New 15 Year Absolute NNN Lease At Arrowhead NWC 73rd Ave & Bell Rd Glendale, AZ

2 At Bush s Chicken there is one goal each day... be the best! Bush s Chicken knows its success comes from loyal customers in the communities they serve. And, Bush s Chicken believes in giving back to each community where there is a Bush s restaurant.

3 Exclusively Listed by Steven Underwood Senior Managing Director (602) Chad Tiedeman Senior Managing Director (602) Table of Contents 4 INVESTMENT SUMMARY Property Summary 5 PROPERTY OVERVIEW Site Plan Lease Abstract 8 TENANT OVERVIEW Tenant Profile 10 AREA OVERVIEW Property Photos Aerials Demographics 17 CONTACT 3131 East Camelback Road, Suite 340 Phoenix, Arizona P F

4 Property Summary Investment Highlights ASKING PRICE $3,304,000 CAP RATE 5.75% ANNUAL BASE RENT $190,000 Very strong sales performance, stronger than projected target goals Hard corner location with excellent access and visibility from both Bell Rd and 73rd Ave New long-term 15 year absolute NNN lease, landlord has NO responsibilities Personal guarantee from a proven, multi-unit QSR franchisee TOTAL BUILDING SIZE ± 3,000 SF + 3-Lane Drive-Thru Strong 10% rent increases every 5 years through the primary term and option periods TOTAL LAND SIZE ± 0.94 Acres YEAR BUILT 2017 PRIMARY LEASE TERM Fifteen (15) Years RENT COMMENCEMENT March 2017 LEASE TYPE Absolute NNN Brand new 2017 quality constructed freestanding building with a 3-lane drive-thru Location Overview Located near the second highest volume regional mall in Arizona, Arrowhead Towne Center mall and near the Peoria Sports Complex (home to both the San Diego Padres and Seattle Mariners during spring training) Located on a signalized hard corner with over 34,000 VPD on Bell Road RENT INCREASES PROPERTY ADDRESS 10% Every 5 Years 7322 W Bell Road Glendale, AZ Co-tenants in the shopping center include: Bed, Bath & Beyond, Spencers TV & Appliance, Furniture King and Toys R Us High income trade area with average household income over $82,000 within a 3-mile radius Excellent customer potential with over 9,000 businesses and nearly 98,000 daytime employees within a 5-mile radius 4 Bush s Chicken

5 CLICK HERE FOR PROPERTY VIDEO Site Plan 73rd Avenue Bell Road ± 34,400 VPD site plan not drawn to scale N Bush s Chicken 5

6 Lease Abstract TENANT GUARANTOR LEASE TERM Bush s Chicken Fifteen (15) Years RENT COMMENCEMENT March 2017 LEASE TYPE Tony & Carla Cain, Strong Multi-Unit Franchisees Absolute NNN RENT SCHEDULE Term Years Increase Date Annual Rent % Increase Primary $190, N/A Primary 6-10 February 2022 $209, % Primary February 2027 $229, % Option February 2032 $252, % RENT INCREASES RENEWAL OPTIONS 10% Every 5 Years Three, Five Year Options Option February 2037 $278, % Option February 2042 $305, % PROPERTY TAXES Paid by Tenant INSURANCE Paid by Tenant UTILITIES Paid by Tenant COMMON AREA EXPENSES REPAIRS AND MAINTENANCE Paid by Tenant Paid by Tenant 73RD AVE BELL RD ±34,400 VPD 6 Bush s Chicken

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8 Tenant Profile OUR STORY Bush s Chicken was born in the Heart of Texas on the outskirts of Waco in After opening their first location, Keith and Charlene Bush started franchising in 2005, and over the years they ve watched the business grow into a chain of restaurants expanding throughout the Lone Star State, and now opening in Colorado and Arizona. The Bush family created a uniquely marinated, superior product with a friendly in-store atmosphere where people feel comfortable bringing their family at meal time. For those people on the go, the Bushes wanted their drive-thru service to be the quickest in town. Rather than one car at a time ordering over a speaker system, Keith had the creative idea of sending his employees to each vehicle to get orders from multiple drivethru lanes. That meant a shorter wait time for customers and better service! The strong Bush s values and traditions will continue as a second generation Bush family member takes over much of the business. Corey Bush, who grew up in the business, is now President and Chief Operating Officer. From its beginning Bush s Chicken has served, and will continue to serve, the best chicken, the best tenders and the best tea, at the best value! Over 60 locations in Texas, and currently expanding into Colorado and Arizona. (10 locations coming to AZ) 8 Bush s Chicken

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10 Strong Sales Performance! (Lines Out the Door)

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12 ARROWHEAD TOWNE CENTER 75TH AVE Redevelopment BELL RD ±34,400 VPD 73RD AVE

13 73RD AVE 73RD AVE BELL RD ±34,400 VPD

14 REDEVELOPMENT

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16 Demographics POPULATION SUMMARY 5-Mile Radius HOUSEHOLDS 5-Mile Radius 2020 Total Population 300, Total Population 2010 Total Population 2000 Total Population 288, , , , , , , Projected Annual Growth (2000 to 2020) HOUSEHOLDS BY INCOME (2015) 3-Mile Radius DAYTIME DEOMGRAPHICS (2015) Businesses in the Area <$15, % 1-Mile Radius 984 $15,000 - $24,999 $25,000 - $34, % 8.5% 3-Mile Radius 5-Mile Radius 4,419 9,136 $35,000 - $49, % $50,000 - $74, % DAYTIME DEOMGRAPHICS (2015) Employees in the Area $75,000 - $99, % 1-Mile Radius 12,058 $100,000 - $149,999 $150,000 - $199, % 5.9% 3-Mile Radius 5-Mile Radius 48,787 97,944 $200, % 16 Bush s Chicken

17 Confidentiality Statement This Confidential Offering Memorandum has been prepared by Phoenix Commercial Advisors (PCA) for use by a limited number of parties whose sole purpose is to evaluate the possible purchase of the subject property. This Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. The information contained in this Memorandum has been obtained from sources we believe to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used, are for example only, and do not represent the current or future performance of the property. The value of this transaction to you depends on taxes and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine, to your satisfaction, the suitability of the property for your needs. All potential buyers must take appropriate measures to verify all of the information set forth herein. Both Phoenix Commercial Advisors (PCA) and the Owner disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. The contained information is subject to change at any time and without notice. The recipient of the Memorandum shall not look to the Owner or Phoenix Commercial Advisors (PCA) for the accuracy or completeness of this Memorandum. Exclusively Listed by Steven Underwood Senior Managing Director (602) sunderwood@pca .com Chad Tiedeman Senior Managing Director (602) ctiedeman@pca .com A prospective purchaser must make its own independent investigations, projections, and conclusions regarding the acquisition of the property without reliance on this Memorandum or any other Confidential Information, written or verbal, from the Broker or the Seller. The Owner expressly reserves the right, at its sole discretion, to reject any offer to purchase the property or to terminate any negotiations with any party, at any time, with or without written notice. Only a fully-executed Real Estate Purchase Agreement, approved by Seller, shall bind the property. Each prospective purchaser and/or broker proceeds at its own risk. All property showings are by appointment only East Camelback Road, Suite 340 Phoenix, Arizona P F

18 Brand New 15 Year Absolute NNN Lease At Arrowhead Investment Offering NWC 73rd Ave & Bell Rd Glendale, AZ

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20 Brand New 15 Year Absolute NNN Lease At Arrowhead Investment Offering NWC 73rd Ave & Bell Rd Glendale, AZ

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22 Brand New 15 Year Absolute NNN Lease At Arrowhead Brand New 15 Year Absolute NNN Lease At Arrowhead NWC 73rd Ave & Bell Rd Glendale, AZ

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24 Brand New 15 Year Absolute NNN Lease At Arrowhead Investment Offering NWC 73rd Ave & Bell Rd Glendale, AZ