tempe, az - loopnet€¦ · tempe diablo stadium (los angeles angels spring training facility) and...

I R E A

B a s e l i n eC E N T E RTempe, AZ

INVESTMENT REAL ESTATE ASSOCIATES

OFFICE16501 Ventura Blvd. Suite 448Encino, CA 91436Phone: 818.386.6888Fax: 818.386.2805

www.irea.com

Chris ThompsonExecutive Vice President(818) [email protected]

INVESTMENT ADVISORS

I R E A

David ZachariaListed in conjunction with Arizona broker of record RDO Investments, LLC license LC637047000

TEAM & TABLE OF CONTENTS | 3

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Property Summary

Area Map

Context Maps

Tenant Profile

Lease Summary

Highlights

Financials

Contents

17Site Map

B a s e l i n eC E N T E RTempe, AZ

18Demographics

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Baseline Center, AZ - IREA

Property Type:Multitenant Corner Retail

Address: 1821 W Baseline Rd, Tempe (Guadalupe), AZ 85283

Tenants: 2 Total + Verizon Cell Tower & BillboardTitle Max | Med Dispensary

Rentable Area:5,489 Sq Ft | Land Area: 40,075 Sq Ft

Parking: Surface: 42 Spaces

Parcel Info: 310-10-012L

Overview

PROPERTY HIGHLIGHTS | 5

Prime Retail LocationLocated in the heart of the areas dominate destination center across from the Arizona Mills Mall.

Optimal ExposureProperty sits on corner lot at the signalized intersection of Baseline and the I-10 Fwy offramp.

Multiple Streams of IncomeCell tower and billboard on-site illustrates property’s intrinsic value within immediate area.

High Density/ High Traffic LocationTraffic counts in excess of 200K per I-10 Fwy. and 50K per W Baseline Rd. 100+ national retailers nearby.

Ample Surface Parking & Access40K+ size lot allows for easy access and parking for both tenants.

Well-Maintained PropertyFreestanding structure build in 1993 with clean and well-marked parking and signage. Roof has recently been replaced.

Highlights

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The property sits at the heart of the areas dominate destination center across from the Arizona Mills Mall.


Located adjacent to I-10 Freeway, at the intersection of the I-10 Freeway offramp and Baseline Rd. in Tempe, AZ, the property is a freestanding two tenant building across from the Arizona Mills Mall (one of Arizona’s largest shopping malls). The immediate trade area serves the Tempe, Mesa, and Chandler areas while also pulling from Phoenix, Scottsdale, and Glendale regions. The property location is at the heart of what is considered a dominate destination center. Adjacent attractions include Harkins Theaters/ IMAX, Rainforest Café, GameWorks, Joe’s Crab Shack, Claim Jumper, Neiman Marcus, and the newly opened Legoland Discovery Center as of April 2016. The Arizona Mills Mall also boast more than fifteen anchor tenants and many more national retailers, eateries, and entertainment. Popular nearby destinations include Tempe Diablo Stadium (Los Angeles Angels spring training facility) and Arizona State University. Phoenix International Airport and Downtown are less than 20 minutes away.

Altogether the property sits on a 40,075 square foot corner lot with approximately 42 parking spaces. The total building square footage is 5,489. The property also features a Clear Channel Billboard and a Verizon Cell Tower with fantastic freeway visibility to property and signage. The property is well-maintained with the roof being recently replaced. The I-10 Freeway heads a traffic count of over 200,000 cars per day, while Baseline enjoys over 50,000 cars per day. On top of this all leases feature annual increases. Suffice to say, this is an exceptional investment property. The property is positioned to thrive.

A property positioned to thrive.. .

PROPERTY SUMMARY | 7

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TitleMax® is one of the nation’s largest title lending companies. Every day, TitleMax® helps thousands of people get the cash they need with a title loan or title pawn. We offer rates that are very competitive, while providing a superior level of customer service. Since the first stores opening in 1998 in Georgia, TitleMax® has expanded to over 1,100 locations spanning 16 states. With over 4000 employees nationwide, we pride ourselves on providing customers with clarity and confidence. You’ll rest easy knowing TitleMax® is here to help.

Business Type: Private/Employee OwnedIndustry: Title LendingFounded: 1998 Columbus, GeorgiaHeadquarters: Savannah, GeorgiaServices: Alternative Financial ServicesNumber of locations: 1,100 Nationwide

Area served:Alabama, Arizona, Florida, Georgia, Illinois, Mississippi, Missouri, Nevada, South Carolina, Tennessee, Texas, and Virginia

Corporate Profi le

For more info. visit:

www.titlemax.com

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TENANT PROFILE | 9

@ W

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off

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pSi

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W Baseline Road

10 F

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Are

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AREA MAP | 11

Arizona State Univ.

PHX Int. AirportDowntown PHX

Subject Property

12 Miles

7 Miles

4.5 Miles

Tempe Diablo Stadium

2 Miles

GameWorks

Sears Appliance Outlet

H&M

Rainforest Cafe

Burlington

Old Navy

Off Broadway Shoes

Starbucks

Arizon Mills Mall

Joe’s Crab Shack

Denny’sFry’s Electronics

Harkins Theatres IMAX

I-10 FWY

US 60 FWY

Context Map

200K CPD

205K CPD235K CPDCPD - Cars Per Day


18K CPD

I-10 FWY

205K CPD

CONTEXT MAP | 13

Neiman Marcus

Marshalls

Forever 21

El Pollo Loco

Ross

Claim Jumper

CVS

Home Depot

Holiday Inn Express

Carl’s Jr

Shell Gas

Popeyes

Waffle House

AutoZone

McDonald’s

Circle K

Wendy’s

Legoland

The LEGOLAND Discovery Center, Arizona newly opened as of April 2016.

W Baseline RdSubject Property

Sea Life Aquarium

50k+ CPD

18K CPD

14K CPD

19K

CP

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37k+ CPD

Price: $4,480,000 Income Taxes: Actual $20,613

Down Payment: $4,480,000 $25,913 Insurance: Actual $2,304

Down Payment %: 100% $0 Repairs & Maint: Actual $4,240

Misc & Admin: Estimate $12,000

CAP June 2018: 6.46% Lot Maintenance: Estimate $1,200

Total Monthly Income: $25,913

Cost Per Sq. Ft.: $816.18

Expenses Per Sq Ft: $7.35

Total Expenses: $40,357

PROPERTY ABSTRACT

Tenants: 2 + 2 Scheduled Gross Income: $310,951

Year Built: 1993 Projected CAM $18,648

Lot Sq Ft: 40,075 Gross Operating Income: $329,599

Bldg Gross S.F. 5,489 Less Expenses: ($40,357)

Parking Spaces: 42 Net Operating Income: $289,242

Structure: Freestanding Pre-Tax Cash Flow: $289,242

Percentage Return: 6.46%

Strong Name Brand Tenancy (Verizon, Titlemax, Clear Channel)

LOAN QUOTE AVAILABLE UPON REQUEST

Annual Rental Increases in each lease

Across from Arizona Mills (Legoland, IMAX Theater, Aquarium, etc.)

Freeway Visible Signage

Investment Highlights:

Exceptional location at Baseline and Interstate 10

Huge Traffic Counts

FINANCIAL INDICATORS ESTIMATED ANNUALIZED EXPENSESCURRENT

Jun-18

SOURCE OF INCOME

ESTIMATED ANNUALIZED OPERATING DATA:

Leased Rent

Vacant Rent

Financial Summary


Chris Thompson

Morgan McMullin

Expenses & Notes

FINANCIALS | 15

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Price: $4,480,000 Income Taxes: Actual $20,613

Down Payment: $4,480,000 $25,913 Insurance: Actual $2,304

Down Payment %: 100% $0 Repairs & Maint: Actual $4,240

Misc & Admin: Estimate $12,000

CAP June 2018: 6.46% Lot Maintenance: Estimate $1,200

Total Monthly Income: $25,913

Cost Per Sq. Ft.: $816.18

Expenses Per Sq Ft: $7.35

Total Expenses: $40,357

PROPERTY ABSTRACT

Tenants: 2 + 2 Scheduled Gross Income: $310,951

Year Built: 1993 Projected CAM $18,648

Lot Sq Ft: 40,075 Gross Operating Income: $329,599

Bldg Gross S.F. 5,489 Less Expenses: ($40,357)

Parking Spaces: 42 Net Operating Income: $289,242

Structure: Freestanding Pre-Tax Cash Flow: $289,242

Percentage Return: 6.46%

Strong Name Brand Tenancy (Verizon, Titlemax, Clear Channel)

LOAN QUOTE AVAILABLE UPON REQUEST

Annual Rental Increases in each lease

Across from Arizona Mills (Legoland, IMAX Theater, Aquarium, etc.)

Freeway Visible Signage

Investment Highlights:

Exceptional location at Baseline and Interstate 10

Huge Traffic Counts

FINANCIAL INDICATORS ESTIMATED ANNUALIZED EXPENSESCURRENT

Jun-18

SOURCE OF INCOME

ESTIMATED ANNUALIZED OPERATING DATA:

Leased Rent

Vacant Rent

Tenants Start Date End Date Base Lease Rentable SF Mo. Rent/ SF OptionsCurrent Mo. Rent

Mo. Rent June 2018

Lease Type Rental Increases Deposit

Title Max 3/1/2016 2/23/2021 5 Years 2,950 $3.12 (2) 5‐Yr. Options $9,200.00 $9,430.00 Modified Gross 2.5% Annually $0.00Med Dispensary 12/16/2016 12/16/2021 5 Years 2,534 $3.75 (2) 5‐Yr. Options $9,502.50 $9,787.58 NNN 3% Annually $20,026.04

Verizon 6/23/2016 6/23/2021 5 Years Cell Tower ‐ (4) 5‐Yr. Options $2,500.00 $2,575.00 ‐ 3% Annually $0.00Clear Channel 2/1/2016 2/1/2026 10 Years Billboard ‐ (2) 5‐Yr. Options $4,000.00 $4,120.00 ‐ Adjusted CPI $0.00

Min 3% Max 5%5,484 $25,202.50 $25,912.58

$302,430.00 $310,950.90Totals:

Annual Rent:

The information provided herein is from sources we believe are reliable. While we do not doubt its accuracy, we have not verified it and make no representations, guarantees or warranties about it.

Baseline Center, Tempe, AZLease Summary

Baseline Center, AZ - IREA LEASE SUMMARY | 16


Mo. Rent June 2018




Min 3% Max 5%5,484 $25,202.50 $25,912.58

$302,430.00 $310,950.90Totals:

Annual Rent:



Lease Summary


Mo. Rent June 2018




Min 3% Max 5%5,484 $25,202.50 $25,912.58

$302,430.00 $310,950.90Totals:

Annual Rent:




Mo. Rent June 2018


Title Max 3/1/2016 2/23/2021 5 Years 2,950 $3.12 (2) 5‐Yr. Options $9,200.00 $9,430.00 Modified Gross 2.5% Annually $0.00AOW Management 12/16/2016 12/16/2021 5 Years 2,534 $3.75 (2) 5‐Yr. Options $9,502.50 $9,787.58 NNN 3% Annually $20,026.04


Min 3% Max 5%5,484 $25,202.50 $25,912.58

$302,430.00 $310,950.90Totals:

Annual Rent:




Mo. Rent June 2018


Title Max 3/1/2016 2/23/2021 5 Years 2,950 $3.12 (2) 5‐Yr. Options $9,200.00 $9,430.00 Modified Gross 2.5% Annually $0.00AOW Management 12/16/2016 12/16/2021 5 Years 2,534 $3.75 (2) 5‐Yr. Options $9,502.50 $9,787.58 NNN 3% Annually $20,026.04


Min 3% Max 5%5,484 $25,202.50 $25,912.58

$302,430.00 $310,950.90Totals:

Annual Rent:



SITE MAP | 17

Site Map

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INVESTMENT REAL ESTATE ASSOCIATES

OFFICE16501 Ventura Blvd. Suite 448Encino, CA 91436Phone: 818.386.6888Fax: 818.386.2805

www.irea.com

Chris ThompsonExecutive Vice President(818) [email protected]

INVESTMENT ADVISORS

I R E A

David ZachariaListed in conjunction with Arizona broker of record RDO Investments, LLC license LC637047000

Demographic and Income Profile1821 W Baseline Rd, Tempe, Arizona, 85283 Prepared by EsriRing: 1 mile radius Latitude: 33.37813

Longitude: -111.96681

Summary Census 2010 2017 2022Population 19,109 21,023 22,680Households 7,775 8,528 9,190Families 3,941 4,241 4,533Average Household Size 2.43 2.43 2.44Owner Occupied Housing Units 3,211 3,140 3,362Renter Occupied Housing Units 4,564 5,388 5,828Median Age 29.3 30.4 30.6

Trends: 2017 - 2022 Annual Rate Area State NationalPopulation 1.53% 1.41% 0.83%Households 1.51% 1.35% 0.79%Families 1.34% 1.27% 0.71%Owner HHs 1.38% 1.32% 0.72%Median Household Income 2.32% 1.84% 2.12%

2017 2022 Households by Income Number Percent Number Percent

<$15,000 1,314 15.4% 1,321 14.4%$15,000 - $24,999 1,074 12.6% 1,032 11.2%$25,000 - $34,999 945 11.1% 889 9.7%$35,000 - $49,999 1,696 19.9% 1,603 17.4%$50,000 - $74,999 1,721 20.2% 1,974 21.5%$75,000 - $99,999 900 10.6% 1,162 12.6%$100,000 - $149,999 591 6.9% 814 8.9%$150,000 - $199,999 127 1.5% 165 1.8%$200,000+ 159 1.9% 228 2.5%

Median Household Income $41,824 $46,910Average Household Income $54,036 $62,632Per Capita Income $22,125 $25,498

Census 2010 2017 2022 Population by Age Number Percent Number Percent Number Percent

0 - 4 1,435 7.5% 1,531 7.3% 1,709 7.5%5 - 9 1,192 6.2% 1,309 6.2% 1,393 6.1%10 - 14 1,077 5.6% 1,136 5.4% 1,228 5.4%15 - 19 1,329 7.0% 1,314 6.2% 1,359 6.0%20 - 24 2,522 13.2% 2,401 11.4% 2,556 11.3%25 - 34 3,905 20.4% 4,700 22.4% 4,971 21.9%35 - 44 2,294 12.0% 2,709 12.9% 2,997 13.2%45 - 54 2,197 11.5% 2,024 9.6% 2,103 9.3%55 - 64 1,693 8.9% 1,856 8.8% 1,890 8.3%65 - 74 891 4.7% 1,288 6.1% 1,542 6.8%75 - 84 418 2.2% 575 2.7% 713 3.1%

85+ 157 0.8% 181 0.9% 220 1.0%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 10,051 52.6% 10,351 49.2% 10,618 46.8%Black Alone 1,605 8.4% 1,987 9.5% 2,326 10.3%American Indian Alone 2,536 13.3% 2,845 13.5% 3,118 13.7%Asian Alone 711 3.7% 884 4.2% 1,059 4.7%Pacific Islander Alone 104 0.5% 125 0.6% 144 0.6%Some Other Race Alone 3,211 16.8% 3,741 17.8% 4,163 18.4%Two or More Races 891 4.7% 1,090 5.2% 1,252 5.5%

Hispanic Origin (Any Race) 7,418 38.8% 8,496 40.4% 9,452 41.7%Data Note: Income is expressed in current dollars.

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2017 and 2022.

June 28, 2017

©2017 Esri Page 1 of 6



AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

2.22

1.81.61.41.2

10.80.60.40.2

0Population Households Families Owner HHs Median HH Income

20172022

Population by AgePopulation by Age

Perc

ent

2220181614121086420

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+

2017 Household Income 2017 Household Income

<$15K15.4%

$15K - $24K12.6%$25K - $34K

11.1%

$35K - $49K19.9%

$50K - $74K20.2%

$75K - $99K10.6%

$100K - $149K6.9%

$150K - $199K1.5%

$200K+1.9%

2017 Population by Race2017 Population by Race

Perc

ent

45

40

35

30

25

20

15

10

5

0White Black Am. Ind. Asian Pacific Other Two+

2017 Percent Hispanic Origin: 40.4%


June 28, 2017







<$15,000 5,522 12.3% 5,529 11.5%$15,000 - $24,999 4,445 9.9% 4,221 8.8%$25,000 - $34,999 4,459 10.0% 4,103 8.6%$35,000 - $49,999 7,825 17.5% 7,255 15.1%$50,000 - $74,999 9,381 21.0% 10,195 21.3%$75,000 - $99,999 5,367 12.0% 6,580 13.7%$100,000 - $149,999 4,842 10.8% 6,224 13.0%$150,000 - $199,999 1,504 3.4% 1,893 4.0%$200,000+ 1,433 3.2% 1,908 4.0%



0 - 4 6,728 6.7% 6,969 6.3% 7,633 6.5%5 - 9 6,064 6.0% 6,264 5.7% 6,604 5.6%10 - 14 5,728 5.7% 5,901 5.4% 6,231 5.3%15 - 19 6,686 6.6% 6,517 5.9% 6,735 5.7%20 - 24 12,916 12.8% 12,019 11.0% 12,152 10.3%25 - 34 19,055 18.9% 22,340 20.4% 23,076 19.6%35 - 44 12,407 12.3% 13,846 12.6% 15,639 13.3%45 - 54 12,064 12.0% 11,686 10.6% 11,892 10.1%55 - 64 9,725 9.7% 11,139 10.1% 11,491 9.8%65 - 74 5,175 5.1% 7,959 7.3% 9,691 8.2%75 - 84 2,960 2.9% 3,697 3.4% 4,868 4.1%

85+ 1,130 1.1% 1,417 1.3% 1,568 1.3%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 64,238 63.8% 66,379 60.5% 68,100 57.9%Black Alone 8,708 8.7% 10,636 9.7% 12,366 10.5%American Indian Alone 6,094 6.1% 6,992 6.4% 7,770 6.6%Asian Alone 3,928 3.9% 5,029 4.6% 6,118 5.2%Pacific Islander Alone 454 0.5% 525 0.5% 597 0.5%Some Other Race Alone 12,925 12.8% 14,881 13.6% 16,461 14.0%Two or More Races 4,289 4.3% 5,313 4.8% 6,167 5.2%



June 28, 2017




AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2


20172022


Perc

ent

2018

161412

108

64

20

0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K12.3%

$15K - $24K9.9%

$25K - $34K10.0%

$35K - $49K17.5%

$50K - $74K21.0%

$75K - $99K12.0%

$100K - $149K10.8%

$150K - $199K3.4%

$200K+3.2%


Perc

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60555045

403530252015

1050

White Black Am. Ind. Asian Pacific Other Two+



June 28, 2017







<$15,000 14,487 12.9% 15,087 12.4%$15,000 - $24,999 10,529 9.4% 10,321 8.5%$25,000 - $34,999 11,546 10.3% 10,941 9.0%$35,000 - $49,999 16,635 14.8% 15,691 12.9%$50,000 - $74,999 21,153 18.8% 22,909 18.9%$75,000 - $99,999 13,414 11.9% 16,168 13.3%$100,000 - $149,999 14,107 12.5% 17,326 14.3%$150,000 - $199,999 5,363 4.8% 6,434 5.3%$200,000+ 5,239 4.7% 6,518 5.4%



0 - 4 15,471 6.0% 16,015 5.6% 17,500 5.7%5 - 9 14,522 5.6% 15,103 5.3% 15,816 5.1%10 - 14 14,553 5.6% 14,727 5.2% 15,595 5.1%15 - 19 23,435 9.1% 23,878 8.4% 24,683 8.0%20 - 24 34,871 13.5% 36,078 12.6% 37,046 12.0%25 - 34 43,999 17.1% 53,436 18.7% 56,096 18.2%35 - 44 30,839 12.0% 33,795 11.8% 38,832 12.6%45 - 54 32,543 12.6% 31,068 10.9% 31,046 10.1%55 - 64 25,399 9.9% 30,043 10.5% 31,319 10.2%65 - 74 12,695 4.9% 19,699 6.9% 24,337 7.9%75 - 84 6,764 2.6% 8,597 3.0% 11,570 3.8%

85+ 2,701 1.0% 3,506 1.2% 3,946 1.3%Census 2010 2017 2022

Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 172,909 67.1% 181,499 63.5% 186,779 60.7%Black Alone 22,360 8.7% 27,434 9.6% 31,923 10.4%American Indian Alone 9,522 3.7% 11,364 4.0% 12,861 4.2%Asian Alone 13,450 5.2% 17,950 6.3% 22,135 7.2%Pacific Islander Alone 917 0.4% 1,076 0.4% 1,228 0.4%Some Other Race Alone 28,387 11.0% 33,472 11.7% 37,402 12.2%Two or More Races 10,248 4.0% 13,150 4.6% 15,458 5.0%



June 28, 2017




AreaStateUSA

Trends 2017-2022Trends 2017-2022

Ann

ual R

ate

(in

perc

ent)

21.81.61.41.2

10.80.60.40.2


20172022


Perc

ent

18

16

14

12

10

8

6

4

2

00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+


<$15K12.9%

$15K - $24K9.4%

$25K - $34K10.3%

$35K - $49K14.8%

$50K - $74K18.8%

$75K - $99K11.9%

$100K - $149K12.5%

$150K - $199K4.8%

$200K+4.7%


Perc

ent

605550454035302520151050

White Black Am. Ind. Asian Pacific Other Two+



June 28, 2017


Traffic Count Map - Close Up1821 W Baseline Rd, Tempe, Arizona, 85283 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 33.37813


Source: ©2017 Kalibrate Technologies

June 28, 2017


Traffic Count Map1821 W Baseline Rd, Tempe, Arizona, 85283 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 33.37813


Source: ©2017 Kalibrate Technologies

June 28, 2017


tempe, az - loopnet€¦ · tempe diablo stadium (los angeles angels spring training facility) and...

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