NEW 20 YEAR ARBY'S NNN GROUND LEASE INVESTMENT
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NEW 20 YEAR ARBY’S NNN GROUND LEASE INVESTMENT E/SEC PARK AVENUE & TUCSON MARKETPLACE BOULEVARD | TUCSON, ARIZONA Chad T. Russell, P.C. crussell@landadvisors.com 480.874.4339 The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior sale or complete withdrawal. AZPima185504 - 11.04.21 480.483.8100 | LandAdvisors.com
EXECUTIVE SUMMARY LOCATION E/SEC Park Avenue & Tucson Marketplace Boulevard OFFERING SUMMARY Offering Price $1,705,882* CAP Rate 4.25% ADDRESS 1050 E. Tucson Marketplace Boulevard, Tucson, AZ 85713 SIZE ±37,139 SF (±0.85 AC) LEASE SUMMARY Lease Type Ground Lease (NNN) Tenant Arby's YEAR BUILT Q1 2022 (Under Construction) Lease Guarantor Cardinal RB Arizona, LLC** Estimated Lease Commencement January 13,2022 PARCEL NUMBER 132-13-1170 Estimated Lease Expiration Date January 12, 2042 BUILDING SIZE 1 Story, ±2,273 SF Initial Lease Term 20 Years and 5 Months Options 4-5 Year Options (See Below) ZONING PAD, City of Tucson Annual Rent Lease Months Initial Term 1-5 $0*** DEMOGRAPHICS 3 Miles 5 Miles 7 Miles 6-65 $72,500 2021 Est. Population ±111,445 ±275,486 ±453,297 66-125 $79,750 2021 Avg. HH Income $50,107 $53,305 $55,477 126-185 $87,725 186-245 $96,497 TRAFFIC COUNTS I-10: E/W ±107,822 VPD Park Avenue: N/S ±19,116 VPD Extension Term 246-305 $106,174 (Source: 2021, Kalibrate Technologies) 306-365 $116,762 366-425 $128,438 OVERVIEW • Tenant's use is pandemic proof (drive-thru) • Located in a dense infill section of South Tucson less than 426-485 $141,282 1/10 mile north of Interstate 10 (full interchange). • Part of a master planned community with Bourne Compa- * At COE, Seller to credit Buyer for five (5) months of base rent. nies and the University of Arizona Bioscience Research Park. ** Franchisee (Irish Beef) currently owns and operates 12 existing Arby's • Located 2.5 miles from the University of Arizona (±42,236 restaurants in Tucson, Arizona. enrolled), 2 miles south of downtown Tucson and 3 miles from the Tucson International Airport. *** Commencing on the Rent Commencement Date, all Base Rent • GEICO Regional Call Center opened Summer of 2019 (as hereinafter defined) due hereunder shall be automatically abated (±2,200 employees at capacity) adjacent to the Property. until the last day of the fifth (5th) calendar month thereafter • Phase I of U of A Tech Park (The Refinery) was recently (the "Rent Abatement Period"). completed (±120,000 SF). • JTED Innovative Learning Campus opened in Q4 of 2020 (±600 students). • Full 20 year NNN lease. The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior sale or complete withdrawal. LAND ADVISORS ORGANIZATION
DETAIL MAP Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com S Tyndall Ave S Euclid Ave E Tucson Marketplace Bl Subject S Park Ave EB en K § ¦ ¨ 10 0 s on 200 100 Hw Feet y u11-04-21 185504-37667 03-10-20 While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
CONCEPTUAL MASTER PLAN MAP Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com Campbell Ave 36th St PLANNED RESIDENTIAL & OFFICE Kin o > 428 Residential Units Pk >120,000 sf Office wy B-II B-IV Subject NOW OPEN JTED 600+ Students The Refinery 120,000 sf Office Building Fall 2021 Hotel in Escrow B-III § ¦ ¨ 10 NOW OPEN +/- 1,500 Employees Park Ave Ajo Way Be n Kino so n Sports H Complex w y K 0 500 1,000 Feet u11-03-21 185504-37667 03-10-20 While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
AREA MAP Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com Gene C Reid Park W 22nd St E 22nd St tarr Pass Bl WS § ¦ ¨ 10 E Av ia A t io C n Pk w y W 29th St E Silverlake Rd 210 SK South ino Tucson Pw S 10th Ave E 36th St Subject § ¦ ¨ 19 The Bridges S 6th Ave Santa Cruz River Park Ed Pastor S 12th Ave Kino Environmental S Park Ave Restoration Project S Country Club Rd W Ajo Wy A C 86 E Ajo Wy Kino City of Tucson § ¦ ¨ 10 Sports Complex S Campbell Ave Projects Pending K 0 1,000 2,000 Feet u11-03-21 185504-37667 03-10-20 While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
DEVELOPMENT MAP Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com N Country Club Rd N N Alvernon Wy N Swan Rd Sil d Rd N Stone Ave E Speedway Bl ve N 6th Ave W Speedway Bl rb N Grease woo N 4th Ave e ll Rd Marys Rd E 5th St W Sa int E 6th St W Anklam Rd State Trust Tucson E Broadway Bl re ss St W Cong Randolph W Cushing St S 4th Ave nde Ave Golf Course S Craycroft Rd Sentinel Gene S Swan Rd Starr Starr Peak Park C Reid Pass Pass Park A C ra G E 22nd St W Starr Pass Bl S S Kino Pw S 10th Ave 210 E 29th St South Tucson E Golf Links Rd E 36th St Copper Subject G olf Links Rd Stone S 6th Ave ! ( Ed Pastor A C John F. Kino Environmental S Park Ave Kennedy Park Restoration Project S 86 Las E Ajo Wy W Ajo Hwy Sendas Tucson Mountain Irvington § ¦ ¨ 19 § ¦ ¨10 Davis- Monthan AFB S Country Club Rd Park West Estates S Palo Verde Rd S 12th Ave Mission S Alvernon Wy Mountain E Irvington Rd Manor Antigua S Campbell Ave View W Irv ington Rd Rd s ion Projects S Midvale Park Rd Active is Pending M E Drexel Rd S Nogales Hy S Conceptual W Drexel Rd S Tucson Bl Future K 0 0.5 1 Mile u11-03-21 185504-37667 03-10-20 E Valencia Rd While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
TUCSON MARKETPLACE SITE PLAN (SUBJECT TO CHANGE) Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com SHOPS A2 SHOPS B3 Bella Nails & Spa Recreated PMS Subject SHOPS F SHOPS H While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
ARBY'S SITE PLAN Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
ARBY'S BUILDING RENDERINGS & ELEVATIONS Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
ARBY'S BUILDING ELEVATIONS Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
TENANT OVERVIEW www.arbys.com Arby's. founded in 1964, is the second-largest sandwich restaurant brand in the world with more than 3,500 restaurants in nine countries. The Arby's brand purpose is "Inspiring Smiles Through Delightful Experiences®." Arby's delivers on its purpose by celebrating the are of Meatcraft® with a variety of high-quality proteins and innovative, crave-able sides, such as Curly Fries and Jamocha shakes. Arby's Fast Crafted® restaurant services feature a unique blend of quick-serve speed combined with the quality and made-for-you care of fast casual. Arby's Restaurant Group, Inc. is the franchisor of the Arby's Brand and is part of the Inspire Brands family of restaurants headquartered in Atlanta, GA. Inspire Brands in the owner and franchisor of Arby's, Baskin-Robins, Buffalo Wild Wings, Dunkin', Jimmy John's, and Sonic Drive-In, among others, with a combined 32,000 locations across 65 countries with over $27 billion in revenues. Inspire Brands is majority owned by Roark Capital Group, an Atlanta-based private equity firm with 25th billion assets under management. Company Type Private Locations 3,500+ Employees 80,000+ Revenue $4.3 billion Headquarters Atlanta, GA While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
ARBY'S Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com CONFIDENTIALITY AGREEMENT 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 Land Advisors Organization and it should not be made available to any other person or entity without the written consent of Land Advisors Organization. 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 Land Advisors Organization. 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. Land Advisors Organization 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, PCBs or asbestos, the compliance with local, 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 offering memorandum has been obtained from sources we believe to be reliable; however, Land Advisors Organization has not verified, and will not verify, any of the information contained herein, nor has Land Advisors Organization 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. NET LEASED DISCLAIMER Land Advisors Organization hereby advises all prospective purchasers of Net Leased property as follows: By accepting this Marketing Brochure, you agree to treat the information contained herein regarding the lease terms as confidential and proprietary and to only use such information to evaluate a potential purchase of this net leased property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Land Advisors Organization has not and will not verify any of this information, nor has Land Advisors Organization conducted any investigation regarding these matters. Land Advisors Organization makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Land Advisors Organization expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release Land Advisors Organization Real Estate Investment Services as well as the Property Owner and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this net leased property. While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2020 The Land Advisors Organization. All rights reserved. While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
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