MESQUITE "FRESH STREET MEX" - SEC 7TH AVE AND BELL ROAD | PHOENIX, AZ - GPS Commercial Advisors
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MESQUITETAKE 5 OIL
“FRESH CHANGE
STREET MEX”
SEC QUEENSEC
CREEK
7THROAD
AVE AND
AND VAL
BELLVISTA
ROADDRIVE, GILBERT, AZ
| PHOENIX, AZ
Representative Image
ABSOLUTE TRIPLE NET (NNN) INVESTMENT OPPORTUNITY | 4.25% CAP RATE
OFFERING MEMORANDUM
GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com
TAKE 5 OIL CHANGE
SEC 7TH AVE AND BELL ROAD | PHOENIX, AZ
Exclusively Listed By:
Jesse Rozio
Investment/Leasing Specialist
480.603.6892 - cell
jrozio@gpsaz.com
Greg Saltz - President Marty Olejarczyk - Partner
480.231.3473 - cell 602.762.0754 - cell
gsaltz@gpsaz.com martyo@gpsaz.com
Representative Image
OFFERING MEMORANDUM
GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com
EXECUTIVE SUMMARY
INVESTMENT OVERVIEW LEASE YEAR ANNUAL RENT CAP RATE
Sale Price: $1,764,706 Years 1-5 $75,000.00 4.25%
Cap Rate: 4.25% Years 6-10 $82,500.00 4.68%
Net Cash Flow: $75,000
Years 11-15 $90,750.00 5.14%
Lease Term: 15 Years
Options: Three, 5-Year Options Years 16-20 (Option 1) $99,825.00 5.66%
SITE INFORMATION Years 21-25 (Option 2) $109,807.50 6.22%
601 W. Bell Road Years 26-30 (Option 3) $120,788.25 6.84%
Location:
Phoenix, Arizona 85023
Building Size: ±1,315 SF
Parcel Size: ±29,591
Estimated
August 2022
Delivery Date:
LEASE STRUCTURE
Absolute Triple Net (NNN)
Lease Type:
Ground Lease
Tenant: Take 5 Properties SPV LLC
Guarantor: Corporate-Backed
Landlord
NONE
Responsibilities: Representative Image
OFFERING MEMORANDUM
GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com
INVESTMENT SUMMARY
INVESTMENT HIGHLIGHTS
• Opportunity to invest in a contactless drive-thru concept
with +500 Locations in 18 States
• Driven Brands (NASDAQ: DRVN) is the Largest
Aftermarket Automotive Service Operator in the U.S.
with Over 4,200 Brand Locations Including Over 500 Take
5 Locations.
• 15-Year ABSOLUTE NNN Ground Lease with Three, 5-Year
Options
• 10% Increases Every 5 Years Throughout the Entire Lease
Term Including Options
LOCATION OVERVIEW
•
DEMOGRAPHICS 1 Mile 3 Mile 5 Mile
Daytime Population of 131,522 within a 3 mile radius
2021 Population 21,721 140,870 338,915
• Excellent Access, Signage, and Visibility Along Bell Road,
2026 Proj. Population 23,010 148,397 356,043 seeing 42,178 vehicles per day
2021 Daytime Pop. 17,839 131,522 330,114 •
Miles East of I-17
Avg. HH Income $77,435 $82,177 $78,880
• Adjacent to National Auto Dealers, Grocers, Retailers,
Median Age 36.0 37.6 37.0 Restaurants and Medical Providers
OFFERING MEMORANDUM
GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com
RETAIL AERIAL OFFERING MEMORANDUM GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com
SITE PLAN OFFERING MEMORANDUM GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com
DRONE AERIAL OFFERING MEMORANDUM GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com
DRONE AERIAL OFFERING MEMORANDUM GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com
DRONE AERIAL OFFERING MEMORANDUM GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com
DRONE AERIAL OFFERING MEMORANDUM GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com
RETAIL AERIAL OFFERING MEMORANDUM GPS Commercial Advisors | 480.603.6892 | www.gpsaz.com
TENANT OVERVIEW
Established in 1984, Take 5 Oil Change® is a quick-lube
franchise under Driven Brands™ featuring a unique stay-in-
your-car concept. The brand offers an on average 10-minute
oil change service and ancillary services, such as air filter
replacement, wiper blade changes, and coolant exchanges.
Take 5 has more than 600 company-owned and franchised
service centers throughout the United States and Canada. Take
5 Oil Change was acquired by Driven Brands in March 2016.
Driven Brands™, headquartered in Charlotte, NC,
is the largest automotive services company in North
America, providing a range of consumer and commercial
automotive needs, including paint, collision, glass, vehicle
repair, oil change, maintenance and car wash. Driven
Brands is the parent company of some of North America’s
leading automotive service businesses including Take 5
Oil Change®, Meineke Car Care Centers®, Maaco®,
1-800-Radiator & A/C®, and CARSTAR®. Driven Brands
has more than 4,300 locations across 15 countries, and
services over 50 million vehicles annually. Driven Brands’
network generates more than $1 billion in revenue from
more than $3 billion in system-wide sales.
SOURCE: Take 5 Oil Change
Representative Image
OFFERING MEMORANDUM
GPS Commercial Advisors | 480.603.6892 | www.gpsaz.comABOUT PHOENIX
Phoenix is the vibrant center of one of the fastest- PHOENIX FACTS:
growing job markets and economies in the United
States. As the 5th largest city in the country, Phoenix
has a thriving economy with strength in high tech, POPULATION FUTURE
manufacturing, bioscience research and advanced RANK: JOB GROWTH:
business services. As a top market for skilled and
available workforce, companies are growing in 5th largest city in the United Over the next 10 years job growth is
States (+1.6 Million) predicted to increase by 48.2%
Phoenix because it’s not only a thriving business
environment, but a great place to live.
More than 80 percent of Arizona’s 2020 REGIONAL
population increase moved into Greater Phoenix. POPULATION
TOP EMPLOYERS
Between 67% and 70% of Arizona’s population 4.9 Million, which is the 10th
lives in Phoenix and the major urban villages and most populated metro area • Banner Health: ±10,700 employees
suburbs. in U.S based on U.S. Census • American Express: ±9,200employees
Bureau estimates • Amazon: ±6,450 employees
• Honeywell: ±6,170 employees
TEMPERATURE/
HEADQUARTERS TO FIVE
TOURISM
FORTUNE 500 COMPANIES
Attractive temperature climates,
• Republic Services: ±35,000 employees
averaging 75 degrees annually,
• Insight Enterprises: ±1,600 employees
which brings +19 million visitors
• Magellan Health: ±9,700 employees
per year, yielding +$16.7 billion
• Avnet: ±14,600 employees
in direct consumer spending
• Freeport-McMoRan: ±12,800 employees
annually
OFFERING MEMORANDUM
GPS Commercial Advisors | 480.603.6892 | www.gpsaz.comTAKE 5 OIL CHANGE
SEC 7TH AVE AND BELL ROAD | PHOENIX, AZ
CONFIDENTIALITY AGREEMENT Exclusively Listed By:
The information contained in the following offering memorandum is
the party receiving it from GPS Commercial LLC and it should not be made
available to any other person or entity without the written consent of GPS
Commercial LLC. By taking possession of and reviewing the information
contained herein the recipient agrees to hold and treat all such information
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 Commercial LLC.
This offering memorandum has been prepared to provide summary,
Jesse Rozio
and to establish only a preliminary level of interest in the subject property. Investment/Leasing Specialist
The information contained herein is not a substitute for a thorough 480.603.6892 - cell
due diligence investigation. GPS Commercial LLC has not made any jrozio@gpsaz.com
investigation, and makes no warranty or representation with respect to
the income or expenses for the subject property, the future projected
Greg Saltz - President
property and improvements, the presence or absence of contaminating
substances, PCBs or asbestos, the compliance with local, state and federal
480.231.3473 - cell
regulations, the physical condition of the improvements thereon, or the gsaltz@gpsaz.com
plans or intentions to continue its occupancy of the subject property. The
information contained in this offering memorandum has been obtained Marty Olejarczyk - Partner
from sources we believe to be reliable; however, GPS Commercial LLC has 602.762.0754 - cell
martyo@gpsaz.com
nor has GPS Commercial LLC conducted any investigation regarding these
matters and makes no warranty or representation whatsoever regarding
The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we
the accuracy or completeness of the information provided. All potential 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
buyers must take appropriate measures to verify all of the information set 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, independent
forth herein. Prospective buyers shall be responsible for their costs and investigation of the property to determine to your satisfaction the suitability of the property for your needs. GPS Commercial LLC.
expenses of investigating the subject property.You can also read
