ABSOLUTE TRIPLE NET (NNN) INVESTMENT OPPORTUNITY TUCSON, ARIZONA MSA OFFERING MEMORANDUM - GPS Commercial Advisors
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FILIBERTO’S MEXICAN FOOD 5010 S CAMPBELL AVENUE TUCSON, ARIZONA, 85706 ABSOLUTE TRIPLE NET (NNN) INVESTMENT OPPORTUNITY TUCSON, ARIZONA MSA Representative Image OFFERING MEMORANDUM GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD 5010 S CAMPBELL AVENUE TUCSON, ARIZONA, 85706 Exclusively Listed By Jesse Rozio Investment/Leasing Specialist 480.603.6892 - cell jrozio@gpsaz.com Greg Saltz - President Marty Olejarczyk - Partner 480.612.0510 - direct 480.482.1940 - direct 480.231.3473 - cell 602.762.0754 - cell gsaltz@gpsaz.com martyo@gpsaz.com OFFERING MEMORANDUM GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD 5010 S CAMPBELL AVENUE TUCSON, ARIZONA, 85706 Executive Summary Lease Years Annual Rent Cap Rate Sale Price $1,200,000 Years 1-5 $72,000 6.00% Cap Rate: 6.00% S/SWC of Campbell Ave and Years 6-10 $79,200 6.60% Location: Irvington Road Years 11-15 (Option 1) $87,120 7.26% Building Size: 2,656 SF Years 16-20 (Option 2) $95,832 7.99% Parcel Size: 28,260 SF (.65 Acres) Building Type: Drive-Thru Year Built: 1998 Lease Type: Absolute Triple Net (NNN) Lease Tenant: La Klica LLC Guarantor: Personal Guarantee NOI: $72,000 Rent Commencement May 1st, 2020 Date: Term Remaining: 10 Year Initial Term Options: Two (2), 5-year options Rent Increases: 10% Increases Every 5 Years Landlord None Representative Image Responsibilities: OFFERING MEMORANDUM GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD 5010 S CAMPBELL AVENUE TUCSON, ARIZONA, 85706 Investment Highlights Demographics 1 Mile 3 Mile 5 Mile • Opportunity to Invest in a Growing Concept with 90+ 2019 Population 207,153 19,094 94,969 Locations 2019 Daytime Pop 17,713 116,187 277,086 • Personally Guaranteed 10-Year Absolute Triple-Net Avg HH Income $47,014 $42,991 $50,024 (NNN) Lease Median Age 28.9 29.6 30.1 • 10% Rent Increases Every 5 Years Throughout Entire Lease Term and Option Periods Location Overview • Zero Landlord Responsibilities • Strategically Positioned fronting Campbell Avenue, one of the Major North/South Arteries in Tucson • Surrounded by a host of National Retailers such as Fry’s Grocery Store (Kroger), Walgreens, Taco Bell, Burger King, O’Reilly Auto Parts, Bank of America, etc. • 2 Full Access Points along Campbell Avenue • 277,086 Daytime Population in a 5 Mile Radius • Located within a Trade Area Undergoing Major Redevelopment OFFERING MEMORANDUM GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD 5010 S CAMPBELL AVENUE TUCSON, ARIZONA, 85706 Highlights • 28,620 SF Lot (.65 Acres) • 2,656 SF Building w/ Drive-Thru • 2 Full Access Points • 24 Parking Spaces OFFERING MEMORANDUM GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD 5010 S CAMPBELL AVENUE TUCSON, ARIZONA, 85706 OFFERING MEMORANDUM GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD 5010 S CAMPBELL AVENUE TUCSON, ARIZONA, 85706 OFFERING MEMORANDUM GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD 5010 S CAMPBELL AVENUE TUCSON, ARIZONA, 85706 TENANT OVERVIEW Where do you go when you’re craving a good ol’ carne asada burrito anytime, day or night? That’s what Southwest residents wondered until Filiberto’s introduced their original menu of tacos and burritos to the desert and brought a whole new heatwave into effect. Founded in 1993 Filiberto’s has served the southwest with 24 hour, fast, authentic Mexican food. Since then, there has been no comparison to the great product that Filiberto’s provides. Filiberto’s launched their first restaurant in Mesa, Arizona in 1993. From there, the venture paid off and only a few short years later, ten other locations were providing a great Mexican selection, friendly service, and a wonderful experience. Soon enough, Filiberto’s carry out and drive thru became a Phoenix Valley essential. As the Phoenix Valley began to fall in love with Filiberto’s, in turn, they showed their appreciation by making many long lasting commitments to the community. Filiberto’s is a dedicated supporter of St. Jude Children’s Hospital and youth athletics in the community among others. Their enthusiasm is not solely based on growth (having added more than 90 restaurants across 3 states) but on integrity. Every single day, Filiberto’s prepares freshly cut produce for our recipes. They care very much about taste and customer satisfaction. These are a few of the many measures they take to insure guests receive only the best quality in food and service. Their mission is to provide each guest prompt, professional, friendly and courteous service. They Year Founded: 1993 are committed to maintaining clean, comfortable and well maintained premises for their guests Headquarters: Phoenix, AZ and staff. They strive to provide a fair price and well-prepared meals using only the freshest ingredients. They strive to treat all guests and staff with the respect and dignity they deserve. By Total Locations: 90+ Locations maintaining these objectives they shall be assured of a beneficial relationship with the communities they are so proud to be a part of. OFFERING MEMORANDUM GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD 5010 S CAMPBELL AVENUE TUCSON, ARIZONA, 85706 TUCSON MSA OFFERING MEMORANDUM GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD 5010 S CAMPBELL AVENUE TUCSON, ARIZONA, 85706 TUCSON, ARIZONA: KEY FACTS EDUCATION • Tucson is home to the University 1,051,292 39.2 of Arizona, the first university Population 11% in Arizona. Founded in 1885, Median Age No High 34% the university is one of the top-ranked $53,114 School 2.5 Diploma Some College research facilities in the country, 22% 33% Median Household High School Bachelor's/Grad/Prof especially known for its Optical Sciences Average Household Size Income Graduate Degree department, Space Exploration research and sports programs. There are BUSINESS EMPLOYMENT approximately 44,831 students enrolled 64% (Source: Arizona. edu). White Collar • Top employers in Tucson include: The 17% 7.0% University of Arizona (±11,251 employees), 30,084 392,501 Blue Collar Unemployment Raytheon Missile Systems (±9,600 local Total Businesses Total Employees 19% Rate employees), Davis-Monthan Air Force Services Base (±8,580 employees), State of Arizona INCOME Households By Income (±8,500 employees), and Tucson Unified The largest group: $50,000 - $74,999 (18.4%) The smallest group: $150,000 - $199,999 (4.4%) School District (±7,700 employees) Indicator Value Difference (Source: Tucson Relocation Guide, 2018).
FILIBERTO’S MEXICAN FOOD 5010 S CAMPBELL AVENUE TUCSON, ARIZONA, 85706 CONFIDENTIALITY AGREEMENT Exclusively Listed By: 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 Jesse Rozio level of interest in the subject property. The information contained herein is not a substitute Investment/Leasing Specialist for a thorough due diligence investigation. GPS Retail LLC has not made any investigation, 480.603.6892 - cell and makes no warranty or representation with respect to the income or expenses for jrozio@gpsaz.com 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 Marty Olejarczyk - Partner 480.482.1940 - direct of contaminating substances, PCBs or asbestos, the compliance with local, state and 602.762.0754 - cell federal regulations, the physical condition of the improvements thereon, or the financial martyo@gpsaz.com 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 Greg Saltz - President memorandum has been obtained from sources we believe to be reliable; however, GPS 480.612.0510 - direct Retail LLC has not verified, and will not verify, any of the information contained herein, 480.231.3473 - cell nor has GPS Retail LLC conducted any investigation regarding these matters and makes gsaltz@gpsaz.com 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 contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we the information set forth herein. Prospective buyers shall be responsible for their costs and 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 expenses of investigating the subject property. 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.
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