marketing brochure tempe strip center

Marketing BrochureTempe Strip CenterSEC Rural Rd & Guadalupe Rd Tempe, AZ

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure 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. Marcus & Millichap 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, PCB’s or asbestos, the compliance with 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 Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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.

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of M&M, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

NON-ENDORSEMENT NOTICE

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2016 Marcus & Millichap ACT ID Y0070423

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E X E C U T I V E S U M M A R Y Las Palmillas

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I N V E S T M E N T S U M M A R Y Tempe Strip Center

Investment Highlights

• SEC of Rural and Guadalupe Roads in Tempe, Arizona

• 100% leased on Modified Gross Leases

• Dutch Bros Coffee pad included

• Opportunity to increase rents and convert leases to Triple Net

• Strong historical occupancy in the subject property and submarket

• National tenants located at the intersection include Albertson’s, Goodwill, Banner Urgent Care, Circle K, Burger King & Little Ceasar’s.

• Approximately 1,500 students at Marcos de Niza High School on Guadalupe, just East of subject property

Location Overview

• 59,780 vehicles per day (VPD) through the subject intersection

• $83,000 average household income within a 3 mile radius

• 371,000 residents within a 5 mile radius

• 194,723 VPD on US-60, approximately 1.5 miles North

• 210,840 VPD on I-10, approximately 2.3 miles West

• 114,868 VPD on SR-101, approximately 2 miles East

1 MILE 3 MILES 5 MILES

Population2017 Estimate 12,398 126,667 371,8662017 Average Age 39.70 37.10 35.40Household Income2017 Median $65,371 $63,287 $55,5142016 Average $81,100 $83,108 $72,189Traffic Counts: Rural Rd: ±37,093 VPD

Guadalupe Rd: ±22,687 VPD

Traffic & Demographics

Demographics provided by CoStar, ADOT

Offering Summary

Price $4,200,000

CAP Rate 8%

Net Operating Income ±$335,094

Occupancy 100%

Tenants 13

Gross Leasable Area 31,089 Square Feet

Year Built 1978/2015

Lot Size 2.69 Acres

Parcel Number(s) 301-48-353A,C; 301-48-354L, M, N, P

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Las Palmillas


F I N A N C I A L A N A LY S I S

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Tempe Strip CenterP R O P E R T Y O V E R V I E W

8. Marvel Nail Salon9. General Marketing & Printing10. Blue Dragon Vapor11. Stoney’s12. AZ Flooring & Interiors13. AZ Flooring & Interiors (Storage)14. My Gym

Site Plan

1. Dutch Bros2. AJ Tailors3. Bogey’s4. Chopsticks5. Soul Fights6. Hair Together7. Mike Nye’s

1

2

8 974

311

61410

512

13

1

12513

210

146

11348

79

E GuadalupE R

d

S RuRal R

d

S R

uR

al

Rd

: ±37

,093

Vp

d

E GuadalupE Rd: ±22,687 Vpd

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Las Palmillas


F I N A N C I A L A N A LY S I S

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Tempe Strip CenterP R O P E R T Y O V E R V I E W

Local Map

Subject Property

MaRcoS dE Niza HiGH ScHool ±1,500 StudENtS

S RuRal Rd: ± 37,093 Vpd

E GuadalupE Rd: ± 22,687 Vpd

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Tempe Strip Center


A R E A O V E R V I E W

Subject Property

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Tempe Strip Center



Subject Property

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Tempe Strip Center



Subject Property

OFFICES THROUGHOUT THE U.S. & CANADAwww.marcusmillichap.com

Tempe Strip Center SEC Rural Rd & Guadalupe RdTempe, AZ 85283

marketing brochure tempe strip center

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