Brian Kocour 602-757-1319

7340 East Main Street, Suite 200 Scottsdale, AZ 85251

www.KocourCompany.com

Exclusively Listed By:

For SaleCentral Market5213-5223 North Central Avenue, Phoenix Az

Central Market 5213-5223 North Central Avenue Phoenix Az

Kocour Company (“Agent”) has been engaged as the exclusive

agent for the sale of 5213-5223 North Central Avenue (“Prop-erty) by the owner of the property (“Seller”). Seller and agent make no representations or warranties to the accuracy of this Offering Memorandum. Property is sold “as-is and where-is” condition. The information included in the Offering Memo-randum is solely for the purpose of review by a prospective Buyer of the subject Property and is not to be used for any other purposes. information in this Offering Memorandum has been compiled from sources deemed to be reliable. Howev-er, neither the information nor the reliability of their sources is guaranteed by Kocour Company or the Seller. Neither Kocour Company or the Seller have verified, and will not verify, any of the information contained herein. Neither Kocour Company or the Seller makes any representation or warranty whatsoever regarding the accuracy or completeness of the information provided herein.

A prospective Buyer must make its own independent investigations, projections, and conclusions regarding the acquisition of the Property without reliance on this or any other confidential information, written or verbal, from Kocour Company or the Seller. This Offering Memorandum does not constitute an offer to accept any investment proposal but is merely a solicitation of interest with respect to the investment described herein. This Offering Memorandum does not

constitute an offer of security. Prospective Buyers are recom-mended to seek professional advice. This includes legal, tax, environmental, engineering and other as deemed necessary relative to a purchase of this Property. All the information is also subject to market conditions, the state of the economy, especially the economy as it relates to real estate is subject to volatility. The Seller expressly reserves the right, at its sole discretion, to reject any offer to purchase the Property or to terminate any negotiations with any party, at any time, with or without written notice. The Seller and Kocour Company reserve the right to negotiate with one or more prospective Buyers at any time until a fully executed Purchase Agreement approved by Seller is completed.

A prospective Buyer’s sole and exclusive rights with re-spect to this prospective transaction, the Property, or the information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in a fully executed Real Estate Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective Buyer have any other claims against the Seller or Kocour Company or any of their affiliates, officers, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property. Each prospective Buyer and/or broker proceeds at its own risk.

Disclaimer

Central Market Kocour Company | Page 2

Central Market 5213-5223 North Central Avenue Phoenix Az

Executive Summary

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Kocour Company is pleased to offer a 100% leased, NNN trophy retail asset for sale to qualified Buyers. Central Market is located north of the northeast corner of Central and Camelback Road in the Windsor Square Historical District in Phoenix, Arizona. Camel-back and Central was named the hottest intersection in metropol-itan Phoenix in 2017 by Urban Land Institute, while the Windsor Square Historical District was named best neighborhood in 2016 by the Phoenix New Times and one of the top 10 neighborhoods in the U.S. by Money Magazine in 2013. Incredible recent pop in in-vestment at Central and Camelback with the renovation of Uptown Plaza, current conversion of 11 story office building into multi-fami-ly and soon to open Arrive Hotel at 444 West Camelback Road.

Central Market is a two tenant 4,215 square foot retail building generating approximately $230,000 in NOI 2019 YTD. Central Mar-ket’s largest tenant is Windsor + Churn, a dual restaurant/dessert concept, is sized at 3,195 square feet created by the successful local restaurant group called Upward Projects. Upward Projects also developed three other successful restaurant concepts locat-ed across the street from Central Market called Postino, Federal Pizza and Joyride Taco House making the synergistic collection of concepts within walking distance of each other. Additionally, Central Market also includes a 1,020 square foot space which was just recently occupied by a boutique residential real estate group on a five (5) year deal.

Incredibly lush landscaped and preserved bones, Central Market, built in the 1940’s and renovated in 2011, is a true pioneer project in adaptive reuse. Rare to find a sensible multi-tenant retail building with successful confident tenancy.

Property Location: 5213-5223 North Central Avenue, Phoenix, AZ 85012

Assessor’s Parcel Number: 162-22-038

Property Type: Multi-Tenant Retail Building

Zoned: C-1, Commercial Neighborhood Retail (Phoenix)

Property Size: 4,215 SF

Land Area: .53 Acres (23,112 SF)

Property Summary

Offering Price: $4,100.000

Cap Rate: 5.6%

NOI: $230,000 (2019 YTD Annualized Jan-July)

Operating Expenses: $28,213 (2019 YTD Annualized Jan-July)

Investment Highlights

A boutique res-idential real es-

tate office offering cutting edge technology. 55 years of com-bined real estate experience. A swanky office with a beachy coast rotating advertising in windows. A tag line of “DREAM IT, LOVE IT, OWN IT’

From Upward Projects comes Windsor. Windsor is the ultimate

trendy neighborhood bar and restau-rant with a backyard-style patio, lush landscape with a true Cheers atmo-sphere. High-quality wine and beer on tap, a robust selection of prohibition cocktails and a kitchen that cranks out casual and familiar bar food with a upscale twist.

Churn, adjoined to Windsor, is the

go-to for stellar homemade ice cream and novelties. Fun atmosphere of a old school ice cream parlor set this ice cream shop apart from any other establishment in our AZ market.

Windsor + Churn | 3,195 SF Mojica & Associates Real Estate | 1,020 SF

Central Market 5213-5223 North Central Avenue Phoenix Az

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Tenant Information

WINDSOR

CHURN

MOJICA REAL ESTATE

N C

ENTR

AL A

VEN

UE

Central Market 5213-5223 North Central Avenue Phoenix Az

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1- Mile 3-Mile

Population 17,317 193,004

Households 8,527 81,169

Average Age 40.40 37.10

Median HH Income $62,263 $50,758

Daytime Employees 15,846 129,398

Demographics

W CAMELBACK ROADN

CEN

TRAL

AVE

NU

E

N 7

TH S

TREE

TN

7TH

STR

EET

W CAMELBACK ROAD

163-Unit Multi-Family

Lexington Towers

SITEPhoenix

City Center 6.4 mi

Future Mixed-Use

Project

Phoenix City Center

6.4 mi

Central MarketAerial

5213-5223 North Central Avenue Phoenix Az

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For more information contact:Brian Kocour 602-757-13197340 East Main Street, Suite 200, Scottsdale, AZ 85251www.KocourCompany.com