EXCLUSIVE OFFERING - LoopNet€¦ · EXCLUSIVE OFFERING | $6,740,000 –5.75% CAP Goodwill –Absolute nnn 43240 n black ... pet friendly service, electric car charging stations,

EXCLUSIVE OFFERING | $6,740,000 – 5.75% CAP

Goodwill – Absolute nnn

43240 n black canyon hwy, new river, az (phoenix)

FILE PHOTO

Property. New 24,932+ SF building on +3.13 acres.

Tenant. Goodwill of Central and Northern Arizona | Goodwill: $5.72 billion in revenue in 2016 | 3,200+ locations worldwide.

Lease structure. New 15-year, absolute NNN lease with 10% rent increases every 5 years in primary term and option periods.

Location. Goodwill is strategically located along I-17 “Black Canyon Fwy.” (61,000 VPD), just north of Phoenix in New River, AZ. I-17 “Black Canyon Fwy.” is a major

north-south interstate that travels directly from downtown Phoenix to Flagstaff, AZ. Phoenix is the most populous state capital in the United States, as well as the sixth

most populous city nationwide. When ranked according to annual growth over the past 10 years, the Phoenix MSA contains six of the top 100 fastest-growing cities in

the nation. The immediate trade area boasts a high average household income of $125,284 within a 3-mile radius. The subject property is surrounded by several

national credit tenants as it is adjacent to the Outlets at Anthem, a 293,000 SF outlet mall with over 55 stores. Other tenants in the area include Walmart, Safeway, Ace,

CVS, Discount Tire, O’Reilly, Denny’s, Starbucks, McDonald’s, Wendy’s, Del Taco, Taco Bell, Pizza Hut, Subway, and many more. New River is a suburb of Phoenix

approximately 30-miles north of the downtown area.

214.675.0175

MATTHEW SCOW

[email protected]

JOE CAPUTO

[email protected]

Trivanta (“Agent”) has been engaged as an agent for the sale of the property located at

43240 N. Black Canyon Hwy., New River, AZ by the owner of the Property (“Seller”). The

Property is being offered for sale in an “as-is, where-is” condition and Seller and Agent

make no representations or warranties as to the accuracy of the information contained in

this Offering Memorandum. The enclosed materials include highly confidential information

and are being furnished solely for the purpose of review by prospective purchasers of the

interest described herein. The enclosed materials are being provided solely to facilitate the

prospective investor’s own due diligence for which it shall be fully and solely responsible.

The material contained herein is based on information and sources deemed to be reliable,

but no representation or warranty, express or implied, is being made by Agent or Seller or

any of their respective representatives, affiliates, officers, employees, shareholders,

partners and directors, as to the accuracy or completeness of the information contained

herein. Summaries contained herein of any legal or other documents are not intended to be

comprehensive statements of the terms of such documents, but rather only outlines of

some of the principal provisions contained therein. Neither the Agent nor the Seller shall

have any liability whatsoever for the accuracy or completeness of the information contained

herein or any other written or oral communication or information transmitted or made

available or any action taken or decision made by the recipient with respect to the Property.

Interested parties are to make their own investigations, projections and conclusions without

reliance upon the material contained herein. Seller reserves the right, at its sole and

absolute discretion, to withdraw the Property from being marketed for sale at any time and

for any reason. Seller and Agent each expressly reserves the right, at their sole and

absolute discretion, to reject any and all expressions of interest or offers regarding the

Property and/or to terminate discussions with any entity at any time, with or without notice.

This offering is made subject to omissions, correction of errors, change of price or other

terms, prior sale or withdrawal from the market without notice. Agent is not authorized to

make any representations or agreements on behalf of Seller. Seller shall have no legal

commitment or obligation to any interested party reviewing the enclosed materials,

performing additional investigation and/or making an offer to purchase the Property unless

and until a binding written agreement for the purchase of the Property has been fully

executed, delivered, and approved by Seller and any conditions to Seller’s obligations

hereunder have been satisfied or waived. By taking possession of and reviewing the

information contained herein, the recipient agrees that (a) the enclosed materials and their

contents are of a highly confidential nature and will be held and treated in the strictest

confidence and shall be returned to Agent or Seller promptly upon request; and (b) the

recipient shall not contact employees or tenants of the Property directly or indirectly

regarding any aspect of the enclosed materials or the Property without the prior written

approval of the Seller or Agent; and (c) no portion of the enclosed materials may be copied

or otherwise reproduced without the prior written authorization of Seller and Agent.

PAGE 3: INVESTMENT | TENANT | LEASE OVERVIEW

PAGE 2: TABLE OF CONTENTS | DISCLAIMER

PAGE 13: DEMOGRAPHICS

Table of contents | Disclaimer goodwill


PAGE 9-10: LOCATION OVERVIEW

PAGE 11-12: LOCATION MAPS

Disclaimer

PAGE 8: ELEVATIONS

PAGE 5-6: AERIAL PHOTOS

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PAGE 4: TENANT OVERVIEW CONTINUED

PAGE 7: SITE PLAN

Arizona Broker of Record:

David Jarand | Strategic Retail Group | Arizona Broker License: LC581189000

PRICE | CAP RATE: $6,740,000 | 5.75%

NET OPERATING INCOME: $387,500

BUILDING AREA: 24,932+ Square Feet

LAND AREA: 3.13+ Acres

YEAR BUILT 2018

OWNERSHIP: Fee Simple Interest

OCCUPANCY: 100%

Investment overviewgoodwill


Lease overview

GOODWILL | www.goodwill.org

Goodwill was founded in 1902 in Boston by Rev. Edgar J. Helms, a Methodist minister and early social innovator. Helms collected used household goods and

clothing in wealthier areas of the city, then trained and hired those who were poor to mend and repair the used goods. The goods were then resold or were given

to the people who repaired them. The system worked, and the Goodwill philosophy of “Not Charity, but a Chance” was born. Dr. Helms’ vision set an early course

for what today has become a $5.72 billion nonprofit organization.

Goodwill works to enhance the dignity and quality of life of individuals and families by strengthening communities, eliminating barriers to opportunity, and helping

people in need reach their full potential through learning and the power of work. Goodwill is a global social services enterprise that generates opportunities for

people to achieve economic stability and build strong families and vibrant communities by offering job training, employment placement services and other

community-based programs for people who have disabilities, those who lack education or job experience, and others who face challenges to finding employment.

Goodwills meet the needs of all job seekers, including programs for youth, seniors, veterans, and people with disabilities, criminal backgrounds and other

specialized needs. In 2016, Goodwill helped more than 313,000 people train for careers in industries such as banking, IT and health care, to name a few — and

get the supporting services they needed to be successful — such as english language training, additional education, or access to transportation and child care.

Goodwill operates and offers these services at more 3,200+ locations across the US.

Goodwill is the leading nonprofit provider of job training programs and career services in the United States and Canada, and its goal is to help people find and

keep good jobs. Goodwill is one of the nation’s top five most valuable and recognized nonprofit brands as well as a leading social services enterprise according to

Cone Nonprofit Power Brand, an ranked number 14 on Forbes list of US largest charities.

Tenant overviewLESSEE: Goodwill of Central and Northern Arizona

Projected Lease Expiration: April 2033

Projected Rent Commencement: April 2018

Lease Term: 15-Years, Plus (2), 5-Year Options to Extend

Rent Increases: 10% Every 5 Years In Primary Term & Options

Lease Type: Absolute NNN

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Annual Rent Yrs 1-5: $387,500



Option 1 | Yrs 16-20: $515,750

Option 2 | Yrs 21-25: $567,250

Tenant overview continuedGoodwill


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GOODWILL OF NORTHERN AND CENTRAL ARIZONA | www.goodwillaz.org

Founded in 1947, today, Goodwill of Central and Northern Arizona operates more than 80+

stores and donation centers, and no-cost Goodwill career centers across the state. Goodwill

of Central and Northern Arizona is deeply rooted in the local community and positively

impacts Arizonans every day. Working as a catalyst for positive change, they take a

neighborly approach by offering community locations where your no-longer-needed items

can be dropped off, which in turn help place thousands of Arizonans in jobs every year.

Items they sold at their retail stores range from classy, to cool, to unconventional, which

makes shopping at Goodwill is an adventure. One never knows what they might find—from

vintage clothing and furniture to modern household goods.

Whether it’s dropping off goods or shopping for them, what starts as a good deed becomes

an opportunity for Goodwill of Central and Northern Arizona to be a steward in fighting

unemployment and promoting a sustainable environment. Each year, they place thousands

of people in jobs with hundreds of Arizona employers. They also divert millions of pounds of

material from going directly into Arizona landfills. It all adds up to empowered individuals,

strengthened families, and communities built stronger.

Goodwill of Northern and Central Arizona Accolades Include:

• Social Enterprise Award by Arizona Business Magazine

• “Best Places to Work,” large company category

• “Most Admired Company” award winner from AZ Magazine

• “Top 25 Workplaces for Women”

• #1 for “Best Non-Boutique Thrift Shop” in Phoenix New Times

• Arizona Most Admired Companies” Award from Arizona Business Magazine

and Best Companies AZ

• Environmental Stewardship Award from Keep Arizona Beautiful

• Volunteer Program of the Year award from Goodwill Industries International

• Winner of Arizona Business Magazine’s “Industry Leaders of Arizona”

Award in the retail category.

• Greater Phoenix Chamber of Commerce “Impact Awards” Winner

• AZCentral’s Critic’s Pick: “Best Thrift Store”

Click Here for 2016 Annual Report

Aerial photoGoodwill


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Anthem Golf &

Country Club

Outlets at Anthem

(293,000 SF)

Anthem

Community Park

Daisy Mountain

Park

Emery Henderson

Trailhead

Aerial photoGoodwill


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Old West Trl.

43rd

Ave.

Outlets at

Anthem

(293,000 SF)

Canyon Springs

School

(804 students)

Old West

Cactus Farm

Site planGoodwill


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elevationsgoodwill


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Location overviewGoodwill


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OUTLETS AT ANTHEM

A must stop destination when heading north from the downtown Phoenix, Outlets at Anthem is conveniently located off I-17, just 15 minutes north of the Loop 101 and 35

minutes from Scottsdale, or the Phoenix International airport. Outlets at Anthem offers, pedestrian friendly and pet friendly open air shopping of name brand fashions to

residents and visitors alike. Outlets at Anthem is always high on the itinerary with more than 60 designer brand shops.

Your style and savings destination offers on-site amenities such as: 5-star customer services, air-conditioned food court featuring FREE Wi-Fi services with resort style

seating and flat screen televisions, ATM services, sparkling clean restrooms and mother's lounge area, complimentary wheelchairs & stroller rentals, covered parking

areas, curbside loading and unloading, outdoor and shaded children's play area & splash pad, pet friendly service, electric car charging stations, vending machines,

lottery & scratcher ticket sales, things to do brochure center, gift cards available for purchase, free elite savings card.

Outlets at Anthem is the perfect stop to and from your visits to one of the world's seven natural wonders, the Grand Canyon, which offers spectacular vistas of canyon

walls that have been sculpted from the earth over the millennia by the mighty Colorado River. The shifting sun creates a palette of constantly changing colors. The South

Rim is open year-round. You have to drive right by the Outlets at Anthem on I-17 to get to these attractions. Outlets at Anthem are always offering special coupons, and

present great deals everyday on desired fashion. Also, ask for the “FREE Savings Card” that supplies more discounts in the stores and food eateries. The card can be

picked up at customer service kiosk located in the food court.

Location overviewGoodwill


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IMMEDIATE TRADE AREA

Goodwill is strategically located along I-17 “Black Canyon Fwy.” (61,000 VPD), just north of Phoenix in New River, AZ. I-17 “Black Canyon Fwy.” is a major north-south interstate

that travels directly from downtown Phoenix to Flagstaff, AZ. The immediate trade area boasts a high average household income of $125,284 within a 3-mile radius. The subject

property is surrounded by several national credit tenants as it is adjacent to the Outlets at Anthem, a 293,000 SF outlet mall with over 55 stores. Other tenants in the area include

Walmart, Safeway, Ace, CVS, Discount Tire, O’Reilly, Denny’s, Starbucks, McDonald’s, Wendy’s, Del Taco, Taco Bell, Pizza Hut, Subway, and many more. New River is a suburb

of Phoenix approximately 30-miles north of the downtown area.

PHOENIX, AZ

Phoenix is the capital, and largest city, of the state of Arizona. With 1,615,000 people as of 2016, Phoenix is the most populous state capital in the United States, as well as the

sixth most populous city nationwide. The Phoenix MSA is located within both Maricopa and Pinal Counties. The MSA includes 31 incorporated cities and 24 unincorporated towns

and cities. When ranked according to annual growth over the past 10 years, the Phoenix MSA contains six of the top 100 fastest-growing cities in the nation, including Chandler,

Gilbert, Glendale, Mesa, Peoria and Scottsdale. As of 2012, the U.S. Census Bureau reported the Phoenix metro area’s population had surpassed 4.3 million persons. Phoenix is

175 miles from Nogales (Mexican border), 350 miles from San Diego, 370 miles from Los Angeles, 1,060 miles from Dallas.

Tourism, high-tech manufacturing, healthcare and defense dominate the Phoenix economy, and the area’s long- term outlook remains healthy. High-tech manufacturing has been a

powerful economic driver in the Phoenix economy for the past two decades. The area’s relatively low cost of doing business has encouraged several manufacturers to remain in

the area despite the trend toward moving production offshore. With 20 hospitals and a major medical research center (The Mayo Clinic in Scottsdale), it is clear that healthcare is a

critical industry to the Phoenix economy.

Phoenix is often described as a great place to live.The Phoenix region boasts almost 300 days of sunshine annually, low humidity and very mild winters. In addition to hiking,

camping and boating, sports enthusiasts can enjoy one of the most complete lineups of major league teams found in any city, including teams in all four of the major sports. The

city also has more than 150 golf courses and over 1,000 tennis courts. More than two dozen of Greater Phoenix’s high schools are nationally ranked. The public education program

consists of more than 300 high schools, 500 middle schools and 800 elementary schools located across the region. Along with primary education, 277,000 students are enrolled in

institutions of higher learning in Phoenix, including Arizona State University, University of Phoenix, six other private universities and 10 community colleges. ASU’s W.P. Carey

School of Business is ranked in the top 10 percent of undergraduate business programs in the nation.

The Phoenix MSA is one of the fastest-growing markets in the country with 2.2 percent average annual population growth forecast over the next five years. The MSA is home to

Phoenix/Sky Harbor International Airport which has a $72 million daily economic impact and is the 9th busiest airport in the United States.

Location mapgoodwill


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Location mapgoodwill


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2017 Est. Labor Population Age 16 Years or Over 5,162 19,346 31,486

2017 Est. Civilian Employed 59.4% 57.6% 60.5%

2017 Est. Civilian Unemployed 4.5% 2.1% 2.0%

2017 Est. in Armed Forces - - -

2017 Est. not in Labor Force 36.1% 40.3% 37.5%

2017 Labor Force Males 51.5% 51.8% 51.0%

2017 Labor Force Females 48.5% 48.2% 49.0%

2010 Occupation: Population Age 16 Years or Over 3,137 11,026 19,041

2010 Mgmt, Business, & Financial Operations 19.4% 23.1% 23.3%

2010 Professional, Related 20.8% 23.0% 22.5%

2010 Service 17.2% 12.4% 12.5%

2010 Sales, Office 27.9% 29.0% 28.7%

2010 Farming, Fishing, Forestry - 0.1% 0.1%

2010 Construction, Extraction, Maintenance 6.9% 4.8% 5.1%

2010 Production, Transport, Material Moving 7.7% 7.6% 7.8%

2010 White Collar Workers 68.1% 75.1% 74.4%

2010 Blue Collar Workers 31.9% 24.9% 25.6%

2010 Drive to Work Alone 78.7% 76.0% 76.1%

2010 Drive to Work in Carpool 13.5% 9.6% 8.2%

2010 Travel to Work by Public Transportation 0.4% 0.5% 0.6%

2010 Drive to Work on Motorcycle - 0.3% 0.5%

2010 Walk or Bicycle to Work 1.1% 1.5% 1.6%

2010 Other Means 0.3% 0.5% 0.5%

2010 Work at Home 6.0% 11.6% 12.5%

2010 Travel to Work in 14 Minutes or Less 18.0% 17.1% 16.3%

2010 Travel to Work in 15 to 29 Minutes 20.1% 27.9% 29.2%

2010 Travel to Work in 30 to 59 Minutes 46.6% 41.8% 43.8%

2010 Travel to Work in 60 Minutes or More 5.6% 5.1% 6.9%

2010 Average Travel Time to Work 30.1 28.8 29.5

2017 Est. Total Household Expenditure $147 M $649 M $1.11 B

2017 Est. Apparel $5.26 M $23.0 M $39.1 M

2017 Est. Contributions, Gifts $11.2 M $49.9 M $85.0 M

2017 Est. Education, Reading $6.42 M $28.4 M $48.4 M

2017 Est. Entertainment $8.40 M $37.0 M $63.0 M

2017 Est. Food, Beverages, Tobacco $21.8 M $95.7 M $163 M

2017 Est. Furnishings, Equipment $5.28 M $23.3 M $39.7 M

2017 Est. Health Care, Insurance $12.1 M $54.0 M $92.0 M

2017 Est. Household Operations, Shelter, Utilities $45.2 M $200 M $341 M

2017 Est. Miscellaneous Expenses $2.08 M $9.22 M $15.7 M

2017 Est. Personal Care $1.90 M $8.35 M $14.2 M

2017 Est. Transportation $27.4 M $120 M $205 M

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43240 N Black Canyon Hwy1 mi radius 3 mi radius 5 mi radius

New River, AZ 85087

2017 Estimated Population 6,925 25,215 40,795

2022 Projected Population 7,554 27,277 44,238

2010 Census Population 6,423 21,655 36,248

2000 Census Population 1,291 3,359 7,503

Projected Annual Growth 2017 to 2022 1.8% 1.6% 1.7%

Historical Annual Growth 2000 to 2017 25.7% 38.3% 26.1%

2017 Estimated Households 2,115 7,794 13,387

2022 Projected Households 2,251 8,234 14,144

2010 Census Households 1,997 7,016 12,222

2000 Census Households 367 950 2,451

Projected Annual Growth 2017 to 2022 1.3% 1.1% 1.1%

Historical Annual Growth 2000 to 2017 28.0% 42.4% 26.2%

2017 Est. Population Under 10 Years 16.1% 13.8% 13.7%

2017 Est. Population 10 to 19 Years 15.1% 15.4% 14.7%





2017 Est. Population 75 Years or Over 3.3% 4.2% 4.2%

2017 Est. Median Age 33.9 36.5 38.1

2017 Est. Male Population 51.2% 51.7% 51.1%

2017 Est. Female Population 48.8% 48.3% 48.9%

2017 Est. Never Married 29.6% 26.6% 23.4%

2017 Est. Now Married 50.1% 54.2% 58.4%

2017 Est. Separated or Divorced 17.5% 16.2% 15.0%

2017 Est. Widowed 2.8% 3.1% 3.3%

2017 Est. HH Income $200,000 or More 8.3% 13.1% 13.3%

2017 Est. HH Income $150,000 to $199,999 15.2% 11.1% 10.9%

2017 Est. HH Income $100,000 to $149,999 16.1% 19.2% 20.0%

2017 Est. HH Income $75,000 to $99,999 16.6% 15.6% 15.6%

2017 Est. HH Income $50,000 to $74,999 28.2% 20.7% 19.6%

2017 Est. HH Income $35,000 to $49,999 8.0% 9.7% 9.9%

2017 Est. HH Income $25,000 to $34,999 3.9% 5.2% 4.7%

2017 Est. HH Income $15,000 to $24,999 1.4% 3.1% 3.1%

2017 Est. HH Income Under $15,000 2.4% 2.3% 2.9%

2017 Est. Average Household Income $98,985 $125,284 $123,653

2017 Est. Median Household Income $87,260 $90,254 $92,067

2017 Est. Per Capita Income $31,443 $40,299 $41,645

2017 Est. Total Businesses 335 754 956

2017 Est. Total Employees 2,657 5,031 6,378

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43240 N Black Canyon Hwy1 mi radius 3 mi radius 5 mi radius

New River, AZ 85087

Demographicsgoodwill


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Documents

EXCLUSIVE OFFERING - LoopNet€¦ · EXCLUSIVE OFFERING | $6,740,000 –5.75% CAP Goodwill –Absolute nnn 43240 n black ... pet friendly service, electric car charging stations,