broadway ironwood center - gpsaz.com

GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com

BROADWAY IRONWOOD CENTERFor Sale | Redevelopment or Owner/User Investment Opportunity

1545 W Broadway Ave. | Apache Junction, AZ

BROADWAY IRONWOOD CENTERFor Sale | Redevelopment or Owner/User Investment Opportunity

1545 W Broadway Ave. | Apache Junction, AZ

OFFERING MEMORANDUM GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com

Jesse RozioInvestment/Leasing Specialist

480.603.6892 - [email protected]

Exclusively Listed By:

Greg Saltz - President480.231.3473 - [email protected]

Marty Olejarczyk - Partner602.762.0754 - [email protected]

Broadway Ironwood Center is a multi-tenant retail building located on a signalized hard corner. It sits on 1.10 acres at the southeast corner of Broadway Road and Ironwood Road in Apache Junction, Arizona. Apache Junction is an eastern subdivision of Metro Phoenix. The building is block construction, designed as six retail suites and was built in 2004. The building can easily be modified back to the original six suites or combined in numerous ways, making it an excellent redevelopment or owner/user opportunity.


BROADWAY IRONWOOD CENTER1545 W Broadway Ave. | Apache Junction, AZ

INVESTMENT HIGHLIGHTS

Sale Price: $1,500,000Property Type: Multi-Tenant Retail Strip Center Property Name: Broadway Ironwood Center Intersection: SEC of Broadway Ave. & Ironwood Dr. Property Size: 1.10 ACBuilding Size: ±6,355 SF Parcel: 102-08-019

Occupancy:

Leslie’s Poolmart, Inc d/b/a Leslie’s Pool Supplies: 3,155 SF

Former Medical Office: 3,200 SF Available for Redevelopment or Owner/User Opportunity

Current NOI: $34,704

LOCATION HIGHLIGHTS

• Hard corner location fronting two of the main commercial arteries in Apache Junction

• Great access and visibility to over 30,000 Vehicles Per Day

• 1 mile away from US 60 Hwy and Apache Junction High School with over 1,000 students

• Strong demographics including above national average household income

• High parking ratio allows for a variety of uses

• Excellent for redevelopment or owner/user opportunity in conjunction with a proven tenant

DEMOGRAPHICS 1 Mile 3 Mile

2021 Population

2026 Proj. Population

2021 Daytime Pop

Avg HH Income

Median Home Value

Median Age

14,464

15,024

14,248

$58,334

$196,572

47.8

5 Mile

67,765

71,564

63,068

$67,595

$212,132

48.2

138,394

148,151

121,079

$76,538

$246,420

45.0

PROPERTY OVERVIEW



ABOUT EXISTING TENANTLESLIE’S POOL SUPPLIES

Leslie’s Pool Supplies, Service & Repair, is your local neighborhood pool store. Leslie’s offer the best selection of

pool and spa chemicals, pool cleaners, pool equipment, cleaning accessories and pool inflatables and floats. They have the solution to all your pool and spa needs. Every store also offers Free In-Store Water Testing and Free In-Store labor on repairs. From fixing simple leaks to complete replumbing jobs, Leslie’s is the repair and installation expert. Their courteous service technicians are professionally trained and satisfaction is guaranteed every time. If you make an appointment with a service professional, it will be a qualified Leslie’s employee, not a third-party representative like other pool stores offer. They have service professionals across the country, ready to help. So, whether you’re thinking of buying a new piece of equipment and want it installed, or you’ve just got a problem with existing hardware, make the call that thousands of pool owners make every year: call Leslie’s!

Source: https://lesliespool.com/Lease Term: April 1, 2017 - December 3, 2022 Option Period: Three, 4-Year Options

LEASE TERM ANNUAL RENT PSF ANNUAL BASE RENT MONTHLY BASE RENT

April 1, 2017 - March 31, 2019

April 1, 2019 - March 31, 2020

April 1, 2020 - December 31, 2022

January 1, 2023 - December 31, 2027 (Option 1)



$7.00

$13.00

$11.00

$12.10

$13.31

$14.64

$22,085.00

$41,015.00

$34,704.00

$38,175.50

$41,993.05

$46,189.20

$1,840.42

$3,417.92

$2,892.08

$3,181.29

$2,499.42

$3,849.10



* AZDOT 2019** ESRI 2019

INTERSECTION AERIAL


BROADWAY IRONWOOD CENTER1545 W Broadway Ave. | Apache Junction, AZ RETAIL AERIAL


BROADWAY IRONWOOD CENTER1545 W Broadway Ave. | Apache Junction, AZ ABOUT APACHE JUNCTION

APACHE JUNCTION, ARIZONA:• Apache Junction (AJ) is the

easternmost community in the Phoenix Metropolitan area. They have the metro area’s advantage of direct freeway access to entertainment, cultural activities, and employment centers.

• AJ is best known for open space and the spectacular view of the Superstition Mountains. The surrounding geography and western atmosphere draw over half a million visitors through the city annually and an additional 40 thousand residents each winter.

• The market area is defined by a 15-minute drive time from the center of Downtown. The population for the market area includes 108,009 people with a median income of $45,942. Between the months of November and April the market area sees a population influx estimated to be around 40,000+.

CONFIDENTIALITY AGREEMENT The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from GPS Retail LLC and it should not be made available to any other person or entity without the written consent of GPS Retail LLC. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to GPS Retail LLC.

This offering memorandum has been prepared to provide summary, unverified financial and physical 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. GPS Retail LLC has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, GPS Retail LLC has not verified, and will not verify, any of the information contained herein, nor has GPS Retail LLC conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

The information contained herein has been obtained from sources believed 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 tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, indepen-dent investigation of the property to determine to your satisfaction the suitability of the property for your needs. GPS Retail LLC.

DUTCH BROS COFFEE13929 N 83RD AVE, PEORIA, ARIZONA 85226 - PHOENIX MSA

Exclusively Listed By:

Greg Saltz - President480.231.3473 - [email protected]

Marty Olejarczyk - Partner602.762.0754 - [email protected]

Jesse RozioInvestment/Leasing Specialist

480.603.6892 - [email protected]

IRONWOOD BROADWAY CENTERFor Sale | Redevelopment or Owner/User Investment Opportunity1545 W Broadway Ave. | Apache Junction, AZ

broadway ironwood center - gpsaz.com

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