Embed Size (px)
Citation preview
1 5 4 1 N . M A I N S T R E E T S A N L U I S , A Z 8 5 3 4 9
M A R K M C LM A R K M C L O O N EO O N E S T E V E N DS T E V E N D AA V I SV I S
480.429.4580 480.429.4580
[email protected] [email protected]
RETRETAIL INVESTMENT GRAIL INVESTMENT GROUP, LLOUP, LLCC
8255 E RAINTREE DR SUITE 100, SCOTTSDALE, AZ 85260
480.429.4580
RETAIL1031.COM
S T E V E N DS T E V E N D AA V I SV I S
Managing Member
480.429.4580
AZ #BR101032000
M A R K M C LM A R K M C L O O N EO O N E
Senior Associate
480.429.4580
AZ #SA673250000
The information contained in this offering memorandum has been obtained from sources we believe reliable; however, Retail Investment Group has not verified, andwill not verify, any of the information contained herein, nor has Retail Investment Group conducted any investigation regarding these matters and makes no warrantyor representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify allof the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
INVESTMENT HIGHLIGHTSINVESTMENT HIGHLIGHTS• Absolute NNN-Low Maintenance
Investment
• Outparcel to Walmart Offers
Great Traffic
• Above Market Increases
• ±20 Miles South of Yuma
International Airport
• San Luis Port is Largest Access
Point to Mexico in Arizona
• 18 Years Remaining on the
Lease Term
• Fee Simple-Land and Building
• 4.3 Star Rating out of 431 Yelp
Reviews
PROPERTY INFORMATIONPROPERTY INFORMATION
Address:1541 N. Main StreetSan Luis, AZ 85349
Price: $2,400,000
Cap Rate: 5.0%
Tenant: Denny’s Corporation
Building Size: ±4,464 SF
Land Area: ±1.28 AC
LeaseExpiration:
6/20/2037
Options:3,5-Year Options with 10%
Increases in Every 5 years
NOI $120,000.00
Lease Type: Absolute NNN
Increases:10% Every 5 Years
Including Option Periods
Guarantee: Corporate
SAN LUIS ARIZONASAN LUIS ARIZONA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
Retail Investment Group is pleased to be the exclusive listing agent for the Denny's in San Luis, Arizona. The building is ±4,464 square feet and located near the
largest port to Mexico in Arizona. The lease has a remaining 18 years and has considerably high increases.
This property location is directly adjacent to supporting retailers including Walmart, Sally's Beauty, Dollar Tree, Carls Jr., Subway, Goodwill, Family Dollar, McDonald's,
Pizza Hut, Jack in the Box, and Little Caesar's.
Known as the gateway to the Sea of Cortez, San Luis is one of the fastest growing cities in Arizona. Located along the Colorado River and only 90 miles from the
ocean, this unique border town offers a diverse range of natural resources, lifestyle amenities, and unique recreational activities with over 660 acres of parks,
athletic complexes, and public trails.
PROPERTY OVERVIEWPROPERTY OVERVIEW
SAN LUIS ARIZONASAN LUIS ARIZONA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
San Luis is located at the southwest corner of Arizona, adjacent to the Colorado River and right at the border with San Luis Rio Colorado,Sonora, Mexico and California. Visitors cross the border between both cities on a daily basis, creating a sense of fluidity that impacts allaspects of life, culture, language, heritage, environment and, most importantly, economy.
San Luis was incorporated in 1979, as a young city, San Luis’ appeal extends to the affordable housing and quality of life that is essential toattracting new residents. With a great educational structure focus in providing higher education and low crime makes this city a unique placeto call home. Shopping in San Luis provides a range of diverse retail stores that are located in downtown, adjacent to the border. Shopping inthe Mexican border town is always a favorite, and the open air markets in these town offers Mexican souvenirs, dentists, doctors, andpharmacies within walking distance from the border. San Luis rich heritage and cultural appeal makes this city a unique community.
SAN LUIS, ARIZONASAN LUIS, ARIZONA
SAN LUIS ARIZONASAN LUIS ARIZONA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
The subject property is just 20 miles South of Yuma, with an MSA population of over
200,000. More than 85,000 retirees make Yuma their winter residence. Yuma is in the
state's southwest corner, in the Sonoran Desert, Yuma Desert sub-region.
The city includes the Yuma Quartermaster Depot State Historic Park (formerly known
as the Yuma Crossing Historic Park), and a historic downtown area. Yuma is an Arizona
Main Street City. Near Yuma are the Kofa Mountain Range and wildlife refuge, Martinez
and Mittry Lakes, and the Algodones Dunes.
The city is the location of the Marine Corps Air Station Yuma, which conducts an annual
air show and many large-scale military exercises. There is also the Yuma Proving
Ground, an Army base that tests new military equipment. Yuma Proving Ground is also
home to the Special Operations Free Fall School, which provides training in free-fall
parachute operations to Special Forces units in all branches of service, as well as those
of other nations.
Yuma has a minor-league-caliber ballpark, Desert Sun Stadium, which was home to the
Yuma Desert Rats of the North American League and site of home games of two teams
for the Arizona Winter League. Many local club sports exist in the area as well, including
the Yuma Sidewinders Rugby Football Club. The rugby team participates in the Division
III Arizona Men's Rugby league, and travels throughout Arizona, California and Nevada,
as well as playing home games in Yuma.
YUMA (MSA)YUMA (MSA)
SAN LUIS ARIZONASAN LUIS ARIZONA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
In 1953, Harold Butler founded Denny’s in Southern California with a commitment to
provide classic American fare in a warm and welcoming environment with excellent
service. It is that commitment to the consumers that has made Denny’s a beloved
name in the family dining category. Best known for its signature breakfast items,
Denny’s offers a relaxing, casual dining atmosphere and affordable meals served 24
hours a day, 365 days a year. Over the years, Denny’s has created a cult-like following
with its popular menu items like the Moons Over My Hammy®, Sizzlin’ Skillets,
hand-dipped Milk Shakes, 100% Beef Burgers, and the world-famous Build Your Own
Grand Slam®.
Denny’s is one of the leading full-service, family-style restaurant chains in the U.S., with
system-wide sales over $2.5 billion. The company owns and operates about 165 of its
restaurants, while the rest are franchised or operate under licensing agreements.
Overall, as of June 28, 2017, Denny’s has 1,724 franchises, licenses, and company
restaurants around the world. Denny’s has 1,599 restaurants in the U.S. and 125
restaurants in Canada, Chile, Costa Rica, the island of Curacao, the Dominican Republic,
El Salvador, Guam, Honduras, Mexico, Puerto Rico, New Zealand, and the UAE.
TENANT OVERVIEWTENANT OVERVIEW
SAN LUIS ARIZONASAN LUIS ARIZONA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
SAN LUIS ARIZONASAN LUIS ARIZONA
R E TR E TA I L I N V E S T M E N T G RA I L I N V E S T M E N T G RO U P , L LO U P , L LCC | 8 2 5 5 E R| 8 2 5 5 E RA I N T R E E D R S U I T E 1 0 0 | S C OA I N T R E E D R S U I T E 1 0 0 | S C OT TT TS DS DA L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 |A L E , A Z 8 5 2 6 0 | 4 8 0 . 4 2 9 . 4 5 8 0 | R E TR E TA I L 1 0 3 1 . C O MA I L 1 0 3 1 . C O M
PPOPULAOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
20182018 2,453 29,611 31,666
20232023 2,513 31,337 33,439
INCOMEINCOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
20182018 $31,198 $32,687 $32,907
HOUSEHOLDSHOUSEHOLDS 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES
20182018 1,012 5,575 7,219
AVG HH VALUEAVG HH VALUE $93,031 $93,139 $99,004
TRTRAFFICAFFIC MAIN STMAIN ST AAVENUE JVENUE J
VPDVPD 18,484/day 12,258/day
SAN LUIS ARIZONASAN LUIS ARIZONA
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 theaccuracy 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.
RETRETAIL INVESTMENT GRAIL INVESTMENT GROUP, LLOUP, LLCC | 8255 E RAINTREE DR SUITE 100 | SCOTTSDALE, AZ 85260 | 480.429.4580 | RETAIL1031.COM
M A R K M C LM A R K M C L O O N EO O N E
Senior Associate
480.429.4580
AZ #SA673250000
S T E V E N DS T E V E N D AA V I SV I S
Managing Member
480.429.4580
AZ #BR101032000
