OFFERING MEMORANDUM...consumer financial services retailers. Headquartered in Chicago, PLS operates or manages more than 350 retail locations in markets that span the U.S. from California

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INDIAN SCHOOL ROAD

INDIAN SCHOOL ROAD

51ST AVENUE51ST AVENUE

MARYVALE TERRACE

SUBJECT PROPERTY

MARYVALE PLAZA

83,750 CPD83,750 CPD

O F F E R I N G M E M O R A N D U M

TROPHY, INFILL PHOENIX (AZ) NNN RETAIL SHOPPING CENTERTROPHY, INFILL PHOENIX (AZ) NNN RETAIL SHOPPING CENTER5045 WEST INDIAN SCHOOL ROAD, PHOENIX, AZ 85031

ENTIRE BUILDING COMPLETELY REMODELED AND ALL FOUR TENANTS

WITH BRAND-NEWNNN LEASES

TENANT USES DEEMED“ ESSENTIAL SERVICES”

OPEN AND PAYING RENT THROUGHOUT COVID INTERRUPTION

PHOENIX DEMOGRAPHICS1-Mile 2-Mile 3-Mile

TOTAL POPULATION 25,196



Total Daytime Population 23,338



Total Households 6,173



Average Family size 4.5



2010

PHOENIX

TONTO

NATIONAL

FOREST

SCOTTSDALE

McDowell MountainRegional Park

TEMPE MESA

CHANDLER

GILBERT

GLENDALE

PEORIA

SURPRISE

GOODYEAR

NORTHSCOTTSDALE

FOUNTAIN HILLS

2010

2017

2017

60 60

60

60

ARIZONA

51

ARIZONA

101

ARIZONA

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ARIZONA

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ARIZONA

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ARIZONA

202

ARIZONA

202Gila River

Indian Reservation

Salt River

Verd

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Ag

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PhoenixMountainsPreserve

Phoenix SouthMountain

ParkEstrella Mountain

Regional Park

NorthMountainPreserve

Cave ButtesRecreation

Area

Salt RiverIndian Reservation

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EXCLUSIVELY L ISTED BYJONATHAN SELZNICKSenior Vice President - [email protected] | 949-734-0243AZ Broker License: SE687186000

T A B L E O F C O N T E N T S

INVESTMENT HIGHLIGHTS 3

RENT ROLL 4

INCOME & EXPENSE 5

SITE PLAN 6

AERIALS 7

ABOUT THE TENANTS 10

PHOENIX OVERVIEW 11

DISCLAIMER 12SUBJECT PROPERTY

mailto:jselznick%40lee-assoc.com?subject=123-201%20West%2017th%20Street%2C%20Santa%20Ana%2C%20CA%20INQUIRY

5045 WEST INDIAN SCHOOL ROAD, PHOENIX, AZ 85031 3BACK TO TABLE OF CONTENTS

H I G H L I G H T S

I N V E S T M E N T H I G H L I G H T S

O F F E R I N G S U M M A R Y

PROPERTY INFORMATION

Address:5045 West Indian School RoadPhoenix, AZ 85031

Gross Leasable Area: 7,448 Square Feet

Parcel Size: 21,780 Square Feet

Year Built/Remodeled: 1960/2020

Traffic Counts:(City of Phoenix - 2015/2016)83,750 CPD

FINANCIAL INFORMATION

Price: $4,740,000

NOI: $296,153

Cap Rate: 6.25%

Irreplaceable, High-Image Location on Primary Retail Thoroughfare

High Traffic, Signalized, Hard-Corner Intersection with over 80k CPD

Dense, Infill, Mature Phoenix Trade Area with 1-Mile Population of 25,196

Very Strong Daytime 1-Mile Population of 23,338

Both Indian School Road and 51st Avenue are Major Arterial Thoroughfares with Proximity/Connections to Interstates 17 and 10, Respectively

Entirely Remodeled Retail Shopping Center with Four Brand New NNN Tenant Leases

Ease of Management, NNN Leases

Convenient Ingress/Egress from both North 51st Avenue and West Indian School Road

Trade Area Validation with Significant National Retailer Presence in Immediate Proximity

1/4 Mile from Milwaukee Brewers Spring Training Facility.

TENANT USES DEEMED“ ESSENTIAL SERVICES”

OPEN AND PAYING RENT THROUGHOUT COVID INTERRUPTION


R E N T R O L L

TENANT SUITE SF LEASE START

LEASE END

RENT/SF

RENT/MO INCREASES LEASE

TYPE OPTIONS COMMENTS

PLS Check Cashing 100 2,481 02/01/20 01/31/30 $4.19 $10,406 2/1/2020:$11,253.40 NNN 4 (5-Year) Reimbursement of 3rd Party Management up

to 5% of Gross Rental Income

Boost Mobile 105 1,200 01/15/20 01/31/25 $2.92 $3,500 At Option NNN1 (5-Year)

(3% AnnualRental Increases)

Full Reimbursement of 3rd Party Management

Pizza Hut 110 1,206 03/19/20 03/31/25 $2.92 $3,518 10% Every5 Years NNN 3 (5-Year)

Full Reimbursement of 3rd Party Management,Plus 15% Administrative Fee on CAM; 5%CAM cap on controllables

Drip More 115-120 2,561 01/30/20 01/31/30 $2.83 $7,256 12.5% Every5 Years NNN 2 (5-Year) Full Reimbursement of 3rd Party

Management

TOTAL SQUARE FOOTAGE: 7,448 $24,679 Total Monthly Rent

TOTAL AVAILABLE: 0 0% Vacancy $296,153 Total Annual Rent

TOTAL OCCUPIED: 7,448 100% Occupancy

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I N C O M E & E X P E N S E

ANNUALIZED OPERATING DATA

Current

Scheduled Gross Income (SGI): $296,153

Expense Reimbursement: $74,991

Total Operating Income: $371,144

Gross Operating Income: $371,144

Total Operating Expenses: ($74,991)

Net Operating Income (NOI): $296,153 6.25% Cap Rate

OPERATING EXPENSES

Amount $/SF

Taxes (0.6%): $28,440 $3.82

Insurance: $4,000 $0.54

CAM: $30,000 $4.03

Management (3.5% of TOI): $12,551 $1.69

Total Expenses: $74,991 $10.07

$0.84

I N C O M E & E X P E N S E

SUBJECT PROPERTY

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S I T E P L A N

BUILD IN G E LE VAT ION83,750 CPD

51ST

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INDIAN SCHOOL ROAD

Drip More

83,750 CPD

51ST

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INDIAN SCHOOL ROAD

Drip More

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DOWNTOWN PHOENIXMIDTOWN

51ST AVENUE51ST AVENUE

SUBJECT PROPERTY

MARYVALE TERRACE

MARYVALE PLAZA

A E R I A L

83,750 CPD83,750 CPD


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INDIAN SCHOOL ROAD

INDIAN SCHOOL ROAD

51ST AVENUE

51ST AVENUE

SUBJECT PROPERTY

83,750 CPD83,750 CPD

AMERICAN FAMILY FIELDS OF PHOENIX

Home ofTHE MILWAUKEE BREWERS SPRING TRAINING

• 56 acre facility• 10,000-seat main stadium• 7 full practice fields,

clubhouses, and offices• $50M major remodel

completed in 2019

MARYVALE PLAZA

A E R I A L


ENTIRE BUILDING COMPLETELY

REMODELED AND ALL FOUR TENANTS WITH

BRAND-NEWNNN LEASES

SUBJECT PROPERTY

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A E R I A L

PHOENIX DEMOGRAPHICS1-Mile 2-Mile 3-Mile














A B O U T T H E T E N A N T S

PLS is one of America’s most successful and fastest-growing consumer financial services retailers. Headquartered in Chicago, PLS operates or manages more than 350 retail locations in markets that span the U.S. from California to New York. PLS, with nearly 3,800 employees, has annual revenue that exceeds $250 million.

PLS is reshaping the consumer retail financial services industry through its foresighted development of innovative financial products and services, and its commitment to exceptional customer service.

PLS serves customers through our PLS Check Cashers stores, offering check cashing, prepaid debit cards, money transfer services and bill payments; PLS Loan Store locations, providing consumer short-term loans, auto insurance and tax-preparation; and PLS Motor Vehicle Services facilities, offering vehicle license and registration services.

PLS has been listed among Inc. magazine’s “5000 Fastest-Growing Private Companies in America” and has been named one of the “101 Best and Brightest Companies to Work for in Chicago.” PLS has also been named one of Chicago’s Largest Privately Held Companies by Crain’s Chicago Business, and was listed among Crain’s “Fast 50.” In 2011, Bob Wolfberg, President, was recognized by Financial Service Centers of America (FiSCA) as its Financial Service Provider of the Year. The company has also been honored with the Activa Award from FiSCA three times in recognition of its charitable efforts.

Ownership .................................. Private Employees ................................. 3.800Locations ...................................... 350 Headquarters .......................... Chicago, IL Year Founded ........................... 1997

www.PLS247.com

BOOST MOBILE is a division of Sprint Corporation (NYSE: S). Boost Mobile offers everything you need from your wireless carrier. Our super reliable, super fast, 4G LTE nationwide network, reaching over 300 million people, delivers outstanding service to millions of customers—all without annual service contracts or hidden fees. Boost Mobile has the newest and latest phones sold at more than 10,000 independent wireless dealer locations and Walmart stores, as well as online at boostmobile.com

Ownership .................................. Subsidiary of Sprint Locations ...................................... 10,000Headquarters .......................... Irvine, CA Year Founded ........................... 2000

www.BoostMobile.com

PIZZA HUT is an American restaurant chain and international franchise which was founded in 1958 in Wichita, Kansas by Dan and Frank Carney. The company is known for its Italian-American cuisine menu, including pizza and pasta, as well as side dishes and desserts. Pizza Hut had 18,431 restaurants worldwide as of December 31, 2018, making it the world’s largest pizza chain in terms of locations. It is a subsidiary of Yum! Brands, Inc., one of the world’s largest restaurant companies.

Pizza Hut™ is committed to breakthrough innovation and the success of our employees. From our world class operations to our passionate customer mania philosophy and an incredible franchise system, this is one great place to work! So come see what it’s like to be with a global leader in the restaurant industry. You’ll find a fun, fast paced and supportive culture, where all of our success comes from our belief in people, and investing in you is our top priority.

Ownership .................................. Subsidiary of Yum! Brands, Inc. Locations ...................................... 18,431Headquarters .......................... Plano, TX Year Founded ........................... 1958

www.PizzaHut.com


PHOENIX is the capital of Arizona and the fifth 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.

Since 1979, the city of Phoenix has been divided into 15 urban villages. Each village has a planning committee that is appointed directly by the city council whose purpose is to ensure a balance of housing and employment in each village, concentrate development at identified village cores, and to promote the unique character and identity of the villages.

Phoenix is currently home to four Fortune 500 companies: Avnet, Freeport- McMoRan, PetSmart, and Republic Services. Honeywell’s Aerospace division is headquartered in Phoenix, and the Valley hosts many of their avionics and mechanical facilities. Intel has one of its largest regional campuses in the Mesa/Chandler sub-market, employing about 10,000 employees, the second largest Intel location in the country. The city is also home to the University of Phoenix

Stadium, home of the NFL’s Arizona Cardinals and host to the annual Fiesta Bowl and boasts a single event record of 78,603 attendees.

Phoenix Sky Harbor International Airport is a civil-military public airport southeast of downtown Phoenix. It is Arizona’s largest and busiest airport, and among the largest commercial airports in the United States. In 2018, it served 44,943,686 passengers, making it the forty-fourth busiest airport in the world.

Phoenix is located in Maricopa County, the State of Arizona’s most populous county encompassing well over half of the state’s residents, and is the 4th most populous county in the U.S. Per the U.S. Census Bureau, the population estimate for 2018 was 4,410,824 people and also had the highest population growth that year in the entire Country, adding 81,244 people. Maricopa County is also one of the largest counties having a land area greater than that of 7 states, and is the central county for the Phoenix-Mesa-Chandler, Metropolitan Statistical Area - the 11th largest in the U.S.

L O C A T I O N O V E R V I E W

UNIVERSITY OF PHOENIX STADIUM SKY HARBOR INTERNATIONAL AIRPORT PHOENIX SKYLINE


D I S C L A I M E R

This is a confidential marketing profile (the “Profile”) intended solely for your limited use and benefit in determining whether you desire to express further interest in purchasing the “Property”, located in Phoenix, AZ.

This Profile has been prepared by Jonathan Selznick on behalf of the owner of the Property (the “Owner”) and has been reviewed by representatives of the Owner. It contains select information pertaining to the Property and does not purport to be an all inclusive representation of the state of affairs of the Property, or to contain all the information, which prospective investors may require. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Jonathan Selznick. The information contained herein was obtained from third parties, and it has not been independently verified by Jonathan Selznick. Prospective investors should have the experts of their choice inspect the Property and verify all information. Jonathan Selznick is not qualified to act as or select experts with respect to legal, tax, environmental, building construction, soils drainage or other such matters. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. Neither the Owner nor Jonathan Selznick, nor any of their respective directors, officers, affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy of completeness of this Profile or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Profile or use of its contents.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers on the subject Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Profile. The Owner shall have no legal commitment or obligation to any entity reviewing this Profile or making an offer on the Property unless and until written agreement(s) for the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Profile, you agree that this Profile and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Profile or any of its contents to any other entity without prior written authorization of the Owner or Jonathan Selznick. You also agree that you will not use this Profile or any of its contents in any manner detrimental to the interest of the Owner or Jonathan Selznick.

Jonathan Selznick reserves the right to submit the Property to additional clients on terms that may or may not be identical to the terms contained herein. By receipt of this Profile, you acknowledge that competing interests may develop in connection with offers on the Property, and waive any conflict of interest that might arise as a result thereof. In such case, Jonathan Selznick expressly disclaims any obligation to advance the interest of any client at the expense of any other client who may receive this Profile. Dealings with each client shall remain strictly confidential and in no case will Jonathan Selznick disclose the terms of any actual or potential offer to any competing client.

Documents

OFFERING MEMORANDUM...consumer financial services retailers. Headquartered in Chicago, PLS operates or manages more than 350 retail locations in markets that span the U.S. from California