C O L L I E R S I N T E R N AT I O N A L | 3 PA R K P L A Z A , S U I T E 1 2 0 0 | I R V I N E , C A 9 2 6 1 4 | S N Y D E R / C A R LT O N T E A M

Absolute NNN Investment (Fee Simple)825 E Apache Blvd. | Tempe, AZ 85281

Tenant Lease Type Bldg SF Lease Start Lease

ExpirationCurrent

RentAnnual Rent

PSFRental

Adjustment Option Periods

Chevron NNN 1,600 10/1/2018 9/30/2038 $186,250 $116.40 2% Annual Rental Increases

2 - 5 Year Options 2% Annual Increases

Totals 1,600 $186,250

INCOME & EXPENSE PRICING GUIDANCE

Annual Rent $186,250Operating ExpensesTaxes NNNInsurance NNNCAM NNNRoof & Structure Tenant

NET OPERATING INCOME $186,250

Price $3,545,000

Price / Sq. Ft. $2,215

Cap Rate 5.25%

NOI $186,250

Notes: • Approx. Land Size: 0.46 Acre Lot 2017 Sales:  • Total - $3,327,075.28 • Fuel Subtotal - $2,542,013.38 • C-Store - $785,061.90 2016 Sales:  • Total - $3,236,539.74 • Fuel Subtotal - $2,353,869.27 • C-Store - $882,670.47

Notes: • Located Directly Across from Arizona State University Over 100,000 Students Enrolled • Combined Traffic Count: +79,900 VPD @ E. University & S. Rural Rd Demos: • Population: AHHI: • 1-Mile - 27,635 1-Mile - $46,071 • 3-Mile - 136,053 3-Mile - $58,121

FINANCIAL ANALYSIS

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202

E. APACHE BLVD. 32,909 VPD

E. UNIVERSITY DR.

S. M

ILL

AVE.

S. RURAL RD. 41,310 VPD

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Chevron Corporation is an American multinational energy corporation. One of the successor companies of Standard Oil, it is headquartered in San Ramon, California, and active in more than 180 countries. Chevron is engaged in every aspect of the oil, natural gas, and geothermal energy industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. Chevron is one of the world’s largest oil companies; as of 2017, it ranked nineteenth in the Fortune 500 list of the top US closely held and public corporations and sixteenth on the Fortune Global 500 list of the top 500 corporations worldwide. It was also one of the Seven Sisters that dominated the global petroleum industry from the mid-1940s to the 1970s.

Chevron’s downstream operations manufacture and sell products such as fuels, lubricants, additives and petrochemicals. The company’s most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa. In 2010, Chevron sold an average 3.1 million barrels per day of refined products like gasoline, diesel and jet fuel.

Chevron’s alternative energy operations include geothermal, solar, wind power, biofuel, fuel cells, and hydrogen. In 2011–2013, the company planned to spend at least $2 billion on research and acquisition of renewable power ventures. Chevron has claimed to be the world’s largest producer of geothermal energy. In October 2011, Chevron launched a 29-MW thermal solar-to-steam facility in the Coalinga Field to produce the steam for enhanced oil recovery. The project is the largest of its kind in the world.

Chevron is also one of the first two fuel brands to be Top Tier certified. The other is Tulsa, Oklahoma based QuikTrip

TENANT OVEVIEW

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CITY OF PHOENIXPhoenix, the city between southern Texas and California, is located in the Salt River Valley in south-central Arizona. It is the most populous city in Arizona. With 1,563,025 people (as of 2015), Phoenix is the sixth most populous city nationwide, the most populous state capital in the United States, and the only state capital with a population of more than one million residents.

Phoenix is the anchor of the Phoenix metropolitan area, also known as the Valley of the Sun. The metropolitan area is the 12th largest by population in the United States, with approximately 4.3 million people as of 2010. In addition, Phoenix is the seat of Maricopa County and, at 517.9 square miles, it is the largest city in the state, more than twice the size of Tucson and one of the largest cities in the United States.

#17 best city in the U.S. for Jobs ~ Forbes, 2016

Phoenix #12 best city to Live and Work

MIL

LIO

NS

19900

3

6

9 PhoenixMaricopa CountyState of Arizona

2000 2015 2020 2030

PHOE NI X MARICOPA COUNTY STATE OF A Z

1990 987,285 2,130,400 2,680,800

2000 1,321,045 3,072,149 5,130,632

2015 1,527,509 4,076,438 6,758,251

2020 1,648,800 4,506,800 7,346,800

2030 1,880,000 5,359,400 8,535,900

Source: Arizona Department of Administration, azstats.gov, 2013.

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CNN Money’s 10 fastest growing cities ~ CNN Money, 2014

Arizona BEST State for Future Job Growth

~ Forbes, 2015

Arizona’s economy has seen strong positive growth in 2016 with the third highest increase in real GDP in the U.S. in Q2 2016. Arizona’s 3.3% increase over the same period in 2015 was also higher than the national average. GDP for the state was just under $300 Billion for the quarter. In Q3 2016, real GDP remained strong increasing 2.8% which can be attributed to mainly wholesale trade, finance, and insurance. Phoenix is currently home to four Fortune 500 companies: Avnet, Freeport-McMoRan, PetSmart, Republic Services.

T OP E MPLOYE R S BY # OF E MPLOYE E S

Company Name Employees Industry Type

Banner Health 9,145 Health Care

Honeywell 7,121 Aerospace

American Express 5,771 Financial

Wells Fargo 4,882 Financial

Bank of America 4,635 Financial

JP Morgan Chase 4,278 Financial

UHaul 4,014 Advanced Business Svcs

Amazon.com 4,013 Retail

Source: U.S. Census Bureau, ACS 2014 5-year Estimates

Less than $25K$25K TO $50K

$50K TO $100K

Greater than $100K

Household Income

26.36%

28.53% 18.96%

26.15%

Phoenix is currently home to four Fortune 500 companies:

Avnet, Freeport-McMoRan, PetSmart, Republic Services.

Population 1-MILE 3-MILE 5-MILE

Estimated Population (2018) 28,798 144,486 345,514

Projected Population (2023) 30,619 156,323 373,278

Households 1-MILE 3-MILE 5-MILE

Estimated Households (2018) 9,165 57,511 138,894

Projected Households (2023) 9,902 62,312 149,872

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Income 1-MILE 3-MILE 5-MILE

Avg. Household Income (2018) $51,490 $59,699 $63,517

Median Household Income (2018) $30,557 $44,871 $47,556

Business Facts 1-MILE 3-MILE 5-MILE

Total # of Businesses (2018) 1,029 7,988 18,601

Total # of Employees (2018) 24,878 115,674 256,176

$$

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REGIONAL MAP

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REPRESENTATIVE PHOTO

For More Information, contact:

The SNYDER/CARLTON TeamColliers NNN Group

3 Park Plaza Ste. 1200 Irvine, CA 92614

www.colliersnnn.com

Jereme SnyderExecutive Vice PresidentLicense No. 01360233949.724.5552jereme.snyder@colliers.com

Eric CarltonExecutive Vice PresidentLicense No. 01809955949.724.5561eric.carlton@colliers.com

Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. This publication is the copyrighted property of Colliers International and /or its licensor(s) 2015. All rights reserved