WE ARE

THE CENTER

OF RETAIL

OFFERING MEMORANDUM

FIESTA MERCADO SHOPPING CENTER

NWC Interstate 10 & 6th Avenue | Tucson, Arizona 85713

PICOR Commercial Real Estate Services

5151 E. Broadway Blvd, Suite 115

Tucson, Arizona 85711

phone: +1 520 748 7100

picor.com

For more information, please contact:

Aaron LaPrise / Retail Properties, Principal / alaprise@picor.com / +1 520 546 2770

Greg Furrier / Retail Properties, Principal / gfurrier@picor.com / +1 520 546 2735

City, State

24/1/2020

Investment Highlights

• Net Operating Income = $672,448

• Tenant occupancy is 82%.

• Fiesta Mercado is currently divided into nineteen retail tenant spaces.

• Anchored by Food City by Bashas’ who has operated successfully at this location since 1999.

• Diverse and market-relevant tenant mix at easily replaceable rental rates.

• Located in an opportunity zone and dense urban area of Tucson.

• Quality construction, flexible design elements.

• Stable cash flow, grocery anchored neighborhood center.

• Staggered lease terms with national and regional retailer mix.

• Substantial returns with the ability to increase cash flow through additional lease-up.

• Strong tenant mix including retailers such as: Food City, Rent-A-Center, TitleMax, Little Caesars, Jackson Hewitt and Wingstop.

DESCRIPTION

2

City, State

34/1/2020

PROPERTY INFORMATION

Location

2802-2990 S. 6th Ave. Northwest

corner at I-10 & 6th Ave, Tucson,

AZ 85713.

Building Size

82,567 SF shopping center

including anchor and three shop

buildings.

Parcel

Fiesta Plaza is 8.83 acres of land.

Pima County Tax Assessor’s

parcel number 119-02-123F.

Access

Ingress and egress to the

property is exceptional with

primary entry points at traffic

signal on 6th Ave.

Condition

Excellent. This is well maintained

and in excellent overall condition

property.

Zoning

The property is zoned SB-2A

(City of South Tucson) allowing

for a broad range of commercial

uses including retail, automotive

and office.

Parking

238 Stalls

Age

The building was built 2000 &

2005.

Professional Management

The shopping center is managed

by professional 3rd party

management company.

City, State

44/1/2020

Available Suites Size (SF)

2930 #90 1,200

2960 #140 1,082

2970 #110 1,400

2980 #130 1,100

2940 9,932

Suite Tenant Size (SF)Current

NNN Rent

Monthly

NNN Rent

Annual

NNN Rent

2930 #100 Rent-A Center 5,000 $14.40 $6,000.00 $72,000.00

2930 #70Amerigroup

Texas, Inc2,400 $18.00 $3,600.00 $43,200.00

2950 Basha’s 47,835 $8.28 $32,886.56 $394,638.72

2960 #110 Casa Lee 2,800 $15.48 $3,605.00 $43,260.00

2960 #120TitleMax of

Arizona 1,176 $20.16 $1,980.00 $23,760.00

2960 #130 Jackson Hewitt 1,133 $21.72 $2,045.35 $24,544.20

2960 #150The Primavera

Foundation409 $11.28 $386.25 $4,635.00

2970 #120The Primavera

Foundation1,400 $16.44 $1,922.70 $23,072.40

2980 #110Express

Locations, LLC1,100 $25.08 $2,295.23 $27,542.76

2980 #120 Little Caesar’s 1,100 $19.68 $1,804.00 $21,648.00

2980 #140 Casa de Nails 1,100 $23.52 $2,152.90 $25,834.80

2980 #150 Wing Stop 2,200 $18.00 $3,300.00 $39,600.00

Total Occupied 67,653 81.93% $61,978 $743,736

Total Available 14,914 48.07%

Total Rentable 82,567 100%

RENT ROLL

Property Operating

Actual Gross Income $743,736.00

Unrecovered Expenses $71,288.00

Net Operating Income 672,448.00

City, State

54/1/2020

6th

Ave

Southern AZ

VA Hospital

Northgate Plaza

SUBJECT

Santa Cruz Plaza

36th St

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29th St

TRADE AERIAL

City, State

64/1/2020

AERIAL

Exit 261

Primavera Foundation

Administrative Offices

City, State

74/1/2020

1

9,932 SF

15 AMERI-

GROUP

12

Space Tenant Size (SF)

1 2940 S. 6th Ave AVAILABLE 9,932

2 2950 S. 6th Ave Food City 47,835

3 2960 S. 6th Ave #150 Primavera 409

4 2960 S. 6th Ave #110 Casa Lee 2,800

5 2960 S. 6th Ave #120 Title Max 1,176

6 2960 S. 6th Ave #130 Jackson Hewitt 1,133

7 2960 S. 6th Ave #140 AVAILABLE 1,082*

8 2970 S. 6th Ave #110 AVAILABLE 1,400*

9 2970 S. 6th Ave #120 Primavera 1,400

10 2980 S. 6th Ave #110 T-Mobile 1,100

11 2980 S. 6th Ave #120 Little Caesar’s 1,100

12 2980 S. 6th Ave #130 AVAILABLE 1,100

13 2980 S. 6th Ave #140 Casa de Nails 1,100

14 2980 S. 6th Ave #150 Wingstop 2,200

15 2930 S. 6th Ave #50 Amerigroup 2,400

16 2930 S. 6th Ave #70 AVAILABLE 1,200

17 2930 S. 6th Ave #100 Rent-A-Center 5,000

2990 S. 6th Ave Kool Smiles**

2802 S. 6th AveFresenius Medical

Center**

7

*

** Can be combined

** NOT A PART OF SHOPPING CENTER

17

16 1,200 SF

83

4

5 6

City, State

84/1/2020

Bashas' Inc. operates several chains of supermarkets and

superstores under the banners Mercado, Food City, Bashas'

Markets, AJ's Fines Foods, and Eddie's Country Stores. Bashas'

stores are scattered throughout Arizona, California, and New

Mexico, but the majority are located in Arizona, where one-third of

the 100 stores operate in the Phoenix area. The company also has

six supermarkets operating in the Navajo Nation. Two of the

company's supermarket formats, Mercado and Food City, are

geared for Hispanic communities. AJ's Fine Foods touts itself as

gourmet and specialty supermarket, featuring extensive wine

collections and prepared meals. Bashas' also operates an online

grocery-shopping operation through its Groceries On The Go

service. The Basha family, who founded the chain in 1932, own

the company. Owing to its standing as a family-run business,

Bashas' corporate roots stretch back to the arrival of the first

Basha family member to the United States in the 19th century. In

1884, Tanius Basha left Lebanon for New York City, where he

opened an import and export wholesale store. Two years later,

after his entrepreneurial efforts had shown promise, Tanius sent

for his oldest son to come to New York to help him with his store.

Najeeb Basha, 16 years old when he arrived in New York to assist

his father, made the city his new home and mercantilism his new

profession. In 1901, he married a fellow Lebanese immigrant

named Najeeby Srour, and together the pair began raising a family

from whose ranks Bashas' would be founded. Najeeby gave birth

to nine children, all girls except for two boys, Ike and Eddie: the

founders of Bashas' Inc.

Little Caesar Enterprises, Inc. owns, operates, and franchises

Little Caesars Pizza, a predominately carryout chain of pizza

and related food products. Best known for its goofy

commercials touting two pizzas for the price of one with the tag

line "Pizza! Pizza!," Little Caesar's credo is simple: better

pizza, and more of it for every dollar spent. With over 4,800

franchises around the globe, Little Caesar vies with

competitors Domino's, Pizza Hut, and Papa John's for its slice

of the multibillion-dollar pizza marketplace. Using the same

pizza recipe it started with in 1959, this family-run business has

grown to become the third largest pizza chain in the United

States. Founded by Michael and Marian Ilitch, Little Caesar's

interests include its pizza franchises and Blue Line Distributing,

a full-service distributor for all units as well as to Kmart's

KCafes, which serve Little Caesar products. The Ilitches, well-

known sports fans, also own the Detroit Red Wings hockey

team, the Detroit Tigers Baseball Club, several sports arenas,

the historic Fox Theater in Detroit, and other restaurants. The

primary business, a chain of carryout pizza restaurants, has

been built on the concept of "two pizzas for the price of one"

and other innovative production and marketing techniques.

Little Caesar has over 4,825 franchise units in the United

States, Canada, Ecuador, Guam, Honduras, Puerto Rico, the

Philippines, the Dominican Republic, the Czech Republic,

Slovakia, Turkey, and South Korea--and sells over four million

pizzas per week.

TENANT SUMMARIES

City, State

94/1/2020

Rent-A-Center, Inc. engages in the provision of furniture,

electronics, appliances, computers, and smartphones through

flexible rental purchase agreements that allow the customer to

obtain ownership of the merchandise at the conclusion of an

agreed upon rental period. It operates through the following

segments: Core U.S., Acceptance Now, Mexico, and

Franchising. The Core U.S. segment consists of company-

owned rent-to-own stores in the United States, Canada and

Puerto Rico. The Acceptance Now segment offers an on-site

rent-to-own option at a third-party retailer's location. The Mexico

segment consists of its company-owned rent-to-own stores in

Mexico. The Franchising segment use Rent-A-Center's,

ColorTyme's, and RimTyme's trade names, service marks,

trademarks and logos, and operate under distinctive operating

procedures and standards. The company was founded by Mark

E. Speese on September 16, 1986 and is headquartered in

Plano, TX..

Jackson Hewitt, Inc. is the second largest tax preparation service

in the United States. The company has more than 3,300

franchised outlets in 48 states and the District of Columbia and

prepares more than 2.2 million tax returns annually. A quarter of

its offices are located inside Wal-Mart and Kmart stores. The

company also offers tax refund-anticipation loans, free electronic

filing, tax-preparation training, and tax audit representation.

Jackson Hewitt was acquired by Cendant Corporation in 1998.

TitleMax is one of the nation’s largest title lending companies.Every day, TitleMax helps thousands of people get the cash theyneed with a title loan, title pawn or now in select states, with apersonal loan. We offer rates that are very competitive, whileproviding a superior level of customer service. Since the firststores opening in 1998 in Georgia, TitleMax has expanded tomore than 1,000 locations spanning 16 states. With more than2,000 team members nationwide, we pride ourselves onproviding customers with clarity and confidence. You’ll rest easyknowing that TitleMax is here to help.

Express Locations is a T-Mobile Premier Retailer for T-Mobile

USA with more than 110 retail stores currently operating in

Arizona, New Mexico, Texas, Utah, Idaho, Washington,

Oregon, California, Colorado and Nevada. We operate

exclusively under the T-Mobile brand name and provide

professional wireless products and services to new and

existing customers.

TENANT SUMMARIES

City, State

104/1/2020

RESUME

Aaron LaPrise Principal | Retail Properties

Direct +1 520 546 2770

alaprise@picor.com

Profile

Aaron LaPrise joined Cushman & Wakefield | PICOR in March 2012. As a native Tucsonan, his community ties and retail market knowledge make him a standout in

the commercial retail arena. Aaron brings depth to Cushman & Wakefield | PICOR’s seasoned Tucson retail brokerage team, where he represents both shopping

center owners and retailers. He began his real estate career in 2004 with the retail group at CBRE’s Tucson office, then spent six years specializing in shopping

center development brokerage and tenant representation at The Harpel Company. Aaron has continually been one of the most active retail brokers in Southern

Arizona and is involved in numerous industry organizations. He has consistently received CoStar Group’s Power Broker Designation, signifying his place among

Tucson retail brokers with the highest transaction volume in the market. Aaron's strong work ethic, focus on relationships and analytical ability translate to strategic

solutions for his clients.

Partial Client List

• Anytime Fitness

• Aspen Enterprises

• Ault Companies

• Bank of the West

• Bassett Hayden & Ray

• Bassett Property Co

• Baskin Robbins

• Body Central Physical

Therapy

• Bridge 33 Capital

• Brooklyn Bedding

• Bruegger’s Bagel’s

• Carl’s Jr

• Cottonwood

Properties

• CVS

• Dairy Queen

• Davidson Myers &

Assoc.

• Domino’s

• DriveTime

• El Molinito

• El Pollo Loco

• El Pollo Feliz

• Fleet Feet Sports

• Fletcher Tire

• Forest City

• Fry’s Food Stores

• Jack in the Box

• JP Morgan Chase

• Jimmy John’s

• Loma Catalina

• Long Realty

• Los Betos

• Massage Envy

• McDonald’s

• Mister Car Wash

• Newquist Properties

• Nico’s

• O’Reilly Auto Parts

• Pederson Group

• Pizza Hut

• Quik Mart Stores

• R & S Mattress

• Rancho Sahuarita

• Starbucks

• Subway

• Rio West Development

• Safeway

• Sears Financial Corp

• Silver Point Capital

• Southern Arizona

Urgent Care

• Taco Bell

• Walgreen’s

• Webb Family

Partnership

• Weingarten Realty

• Wells Fargo

Affiliations and Achievements

• 2018 Cushman & Wakefield | PICOR Top Retail Producer

• Certified Commercial Investment Member (CCIM) -

Candidate

• CoStar Group – Power Broker

• International Council of Shopping Centers (ICSC) - Member

• Urban Land Institute – Young Leaders Group

Education

• University of Arizona – Tucson, Arizona

- Bachelor of Science - Business Administration- Marketing

- Minor - Regional Development

City, State

114/1/2020

RESUME

Greg Furrier Principal | Retail Properties

Direct +1 520 546 2735

gfurrier@picor.com

Profile

Greg Furrier, a lifelong Tucsonan, has been active in commercial real estate since 1985. He joined CB Commercial in 1986 as a retail sales and leasing specialist.

Greg earned CB’s Rookie of the Year award in 1987, and distinguished himself as one of the top five producers within the Tucson office, as well as the top producing

retail broker every year while at CB Commercial. He joined Cushman & Wakefield | PICOR in 1996 and focuses on landlord and tenant representation. Greg has

been the top producing retail broker most every year since joining PICOR and has received many company awards, including top overall producer and Presidents

Award for Excellence.

Greg has been involved with the local family-owned Western Tire Centers, Inc. His experience in virtually every position -- from warehouse employee to store

manager -- served as the foundation for Greg’s highly successful sales career.

Affiliations And Achievements

• Goodwill Industries of Southern Arizona – Past Board President

• Western Tire Centers, Inc. – Board of Directors

• COPE Behavioral Health Organization – Past Board President

• International Council of Shopping Centers (ICSC) – Organization

• Urban Land Institute - Member

Education

• University of Arizona – Tucson, AZ

• Bachelor of Science – Finance and Real Estate

Partial Client List

Selected Sales

Institutional SellersSelected Tenant / Buyer Representations

• Bank of America

• Bank of Orient

• Chase Bank

• Humana

• Wells Fargo Bank

• New West Federal

• Corporate Life

Company

• Metropolitan Life

• Firestone

• Sun Life of Canada

• Starbucks

• Boston Market

• Einstein Bagels

• Computer City

• Goodwill

Industries

• Family Dollar

Stores

• Just for Feet

• Beauty Brands

• Skechers

• Burger King

• Golden Corral

• Wendy’s

• Old Chicago Restaurants

• Tony Roma’s Restaurants

• Subway

• Public Storage

• Walgreens

• Smashburger