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10004 NORTH 26TH DRIVE | PHOENIX , A Z
PRICE: $1,999,000 | CAP: 5.05%I N V E S T M E N T O F F E R I N
G
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EXECUTIVE SUMMARYNATIVE GRILL
PRICE:$1,999,000
CAP: 5.05%
NOI:$101,000
LOCATION:
LEASE TYPE:
LEASE EXPIRATION:
LESSEE:
GUARANTOR:
OPTIONS:
INCREASES:
LAND SIZE:
BUILDING SIZE:
ROFR:
10004 North 26th DrivePhoenix, AZ 85021
NN Lease - LL Pays Property Taxes
August 31st, 2029
I-17 NNY, LLC
I-17 NNY, LLC
(2) 5-Year Options
See Rent Roll
±1.49 Acres
±5,039 Square Feet
None
RETAIL INVESTMENT GROUP
Start09/01/201909/01/202109/01/202509/01/202609/01/202709/01/202809/01/202909/01/2034
End08/31/202108/31/202408/31/202608/31/202708/31/202808/31/202908/31/203408/31/2039
Annual
Rent$138,000$156,000$160,680$165,500$170,465$175,579$175,579$175,579
Current:
Next Increase:
Next Increase:
Annual Increase:
Annual Increase:
Annual Increase:
Option 1:
Option 2:
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PROPERTY OVERVIEW
NATIVE GRILL | PHOENIX, AZ
• I-17 Freeway Frontage• Recently Extended for 10 Years•
Extremely Dense Infill• Slightly Higher than Replacement Cost•
±462,000 Population within 5 miles• Directly across from the
Metrocenter Mall• Located off I-17 which sees over ±150,000 VPD
Investment Highlights
Retail Investment Group is pleased to be the official listing
agent for Native Grill in Phoenix, AZ. The subject property is
±5,039 square feet and sits on ±1.49 acres of land. This is an NN
lease and has expiring on August 31st, 2029. Native Grill and Wings
is situated on a I-17, which sees over ±150,000 vehicles per day
and has a population of over ±163,576 within a 10-mile radius, and
more than 550,000 households within a 10-mile radius. Nearby area
generators include the Metro Center mall with over 100 stores, and
retailers including Sweet Tomatoes, Outback Steakhouse, First
Watch, SpringHill Suites by Marriott Phoenix North, Buffalo Wild
Wings, Olive Garden Italian, Peter Piper Pizza, Old Country Buffet,
Wells Fargo Bank, LA Fitness, Chick-Fil-A, Burlington, Four Points
by Sheraton, In-N-Out Burger, and Castle N’ Coasters - a
Family-Friendly destination for mini-golf, go-kart rides, roller
coasters & an arcade.
N
Metro Center Mall
I-17/ Black Canyon Fwy: ±157,769 VPD
W Peoria Ave: ±47,047 VPD
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Phoenix, Arizona is America’s sixth-most-populated city, and in
2018 Phoenix was deemed the fastest growing city in the country.
With more than a million people living in Phoenix and over a
million more living in Phoenix ’s suburbs combined, this area is a
hotspot. Phoenix Sky Harbor sees ±45 million passengers each year.
With an average yearly temperature of 75 degrees, comparatively low
taxes and attractive property prices Phoenix has been attracting
young business professionals and snowbirds alike to the desert.
Phoenix offers many opportunities for hiking, biking and overall
experiencing the outdoors, plus high-end dining and shopping all in
close proximity. With waterparks like Six Flags Hurricane Harbor,
Golfland Sunsplash and Big Surf there are plenty spots to keep
tourists and locals entertained through the hottest of summers.
Explore the wonders of OdySea Aquarium (the largest aquarium in the
Southwest) or interact with the animals at the Phoenix Zoo (the
largest privately owned non-profit zoo). Bring the kids to the
Children’s Museum of Phoenix, Phoenix Art Museum, Arizona Science
Center or the Arizona Museum of Natural History. See the desert
blooms at the Desert Botanical Garden, watch butterflies float past
at Butterfly Wonderland or visit Schnepf Farms and take a hayride
out to pick peaches and strawberries. Nightlife truly comes alive
in Downtown Phoenix, Old Town Scottsdale, Downtown Tempe and
Central Phoenix . All of these locations are dense with bars,
lounges, clubs and restaurants.
The city fields teams in all four major professional sports
leagues: The NFL’s Arizona Cardinals, NBA’s Phoenix Suns, MLB’s
Arizona Diamondbacks and NHL’s Arizona Coyotes. Phoenix also hosts
major sporting events every year, including college football’s
Fiesta Bowl and Cactus Bowl; the PGA Tour ’s highest-attended
event, the Waste Management Phoenix Open; NASCAR events each spring
and fall; and Cactus League Spring Training, where fans can see the
biggest names in the MLB up close as 15 teams train and play.
ABOUT ABOUT PHOENIXPHOENIX
NATIVE GRILL | PHOENIX, AZ RETAIL INVESTMENT GROUP
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NATIVE GRILL | PHOENIX, AZ
AERIAL MAPS
RETAIL INVESTMENT GROUP
N
Metro Center MallMetro Center Mall89 Stores89
StoresIncluding:Including:
Rose Mofford Rose Mofford Sports ComplexSports Complex
And More...And More...
Arizona Canal Trail
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NATIVE GRILL | PHOENIX, AZ
AERIAL MAPS
RETAIL INVESTMENT GROUP
N
Metro Center MallMetro Center Mall89 Stores89 Stores
Rose Mofford Rose Mofford Sports ComplexSports Complex
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SALAD AND GO | TOLLESON, AZ
N
Glendale
Peoria
Sun City
Paradise Valley
Scottsdale
Tempe
TollesonPhoenix
10
17
101
101
101
PhoenixMountainPreserve
Deer Valley
N
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ABOUT THE TENANTNative Grill began in 1978 when the Anderson
family made the move from their home in New York to Arizona. They
bought a local pizza joint and named it “Native New Yorker.” When
sales began to plummet the family decided to try something totally
new: chicken wings. The wings were a hit and Native New Yorker
became known as the first restaurant to bring wings to Arizona. In
2014, Native New Yorker (already known as “Native” to regulars) was
rebranded to become the Native Grill & Wings we know today.
Since then, Native Grill & Wings has expanded and now has
locations in not only Arizona but also in Texas and Illinois.
Native might be known for its wings, but you guest can also come
to enjoy sandwiches, burgers, salads and more at one of the 30+
locations. Native Grill & Wings has received multiple awards
over the years including Best Wings in the Phoenix Metro Area,
“Future 50” Fastest Growing Small Chains in America, and “Top 500”
U.S. Chain Restaurants.
NATIVE GRILL | PHOENIX, AZ
28 LOCATIONS NATIONWIDE(AND GROWING!)
$5 MILLION IN SALES (2016)
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ADDITIONAL PHOTOS
Actual PropertyNATIVE GRILL | PHOENIX, AZ RETAIL INVESTMENT
GROUP
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2019 DEMOGRAPHICS
2010 Population
2019 Population
2024 Population
2010 Households
2019 Households
2024 Households
I-17/Black Canyon Fwy:
W Peoria Ave:
El MirageEl Mirage
1-Mile 3-Mile 5-Mile VEHICLES PER DAY1-Mile 3-Mile 5-Mile
5-Mi
le Ra
dius
1-M
ile Ra
dius
13,368 157,932 404,191
16,775 185,354 462,300
18,318 200,661 498,723
6,132 59,000 153,380
7,346 68,963 173,614
7,970 74,588 186,945
±157,769/VPD
±47,047/VPD
SurpriseSurprise
Scottsdale Scottsdale
NATIVE GRILL | PHOENIX, AZ
Sun City WestSun City West
Litchfield ParkLitchfield Park
RETAIL INVESTMENT GROUP
3-Mi
le Ra
dius
PeoriaPeoria
GlendaleGlendale
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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 Retail Investment
Group and it should not be made available to any other person or
entity without the written consent of Retail Investment Group.
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, please
promptly return this offering memorandum to Retail Investment
Group. 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.
Retail Investment Group 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 of absence of contaminating
substances, PCBs or asbestos, the compliance with local, state and
federal regulations, the physical condition of the improvements
thereon, or financial condition or business prospects of any
tenant, or any tenant’s plans or intentions to continue its
occupancy of the subject property. Additional information and an
opportunity to inspect the Property will be made available upon
written request to interested and qualified prospective
investors.
The information contained in this offering memorandum has been
obtained from sources we believe reliable; however, Retail
Investment Group has not verified, and will not verify, any of the
information contained herein, nor has Retail Investment Group
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 the
owner of the property or from other sources we deem reliable. We
have no reason to doubt its accuracy, but we do not guarantee
it.
If you have no interest in the Property, please return this
Investment Offering Memorandum to Retail Investment Group, LLC.
8255 E Raintree Drive #100Scottsdale, AZ 85260T 480.429.4580 E
[email protected]
Confidentiality& Disclaimer
NATIVE GRILL | PHOENIX, AZ RETAIL INVESTMENT GROUP
www.retail1031.com
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[email protected]@retail1031.com
