ABSOLUTE TRIPLE NET (NNN) INVESTMENT OPPORTUNITY TUCSON, ARIZONA MSA OFFERING MEMORANDUM - GPS Commercial Advisors
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FILIBERTO’S MEXICAN FOOD
5010 S CAMPBELL AVENUE
TUCSON, ARIZONA, 85706
ABSOLUTE TRIPLE NET (NNN) INVESTMENT OPPORTUNITY
TUCSON, ARIZONA MSA
Representative Image
OFFERING MEMORANDUM
GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD
5010 S CAMPBELL AVENUE
TUCSON, ARIZONA, 85706
Exclusively Listed By
Jesse Rozio
Investment/Leasing Specialist
480.603.6892 - cell
jrozio@gpsaz.com
Greg Saltz - President Marty Olejarczyk - Partner
480.612.0510 - direct 480.482.1940 - direct
480.231.3473 - cell 602.762.0754 - cell
gsaltz@gpsaz.com martyo@gpsaz.com
OFFERING MEMORANDUM
GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD
5010 S CAMPBELL AVENUE
TUCSON, ARIZONA, 85706
Executive Summary Lease Years Annual Rent Cap Rate
Sale Price $1,200,000
Years 1-5 $72,000 6.00%
Cap Rate: 6.00%
S/SWC of Campbell Ave and Years 6-10 $79,200 6.60%
Location: Irvington Road Years 11-15 (Option 1) $87,120 7.26%
Building Size: 2,656 SF
Years 16-20 (Option 2) $95,832 7.99%
Parcel Size: 28,260 SF (.65 Acres)
Building Type: Drive-Thru
Year Built: 1998
Lease Type: Absolute Triple Net (NNN) Lease
Tenant: La Klica LLC
Guarantor: Personal Guarantee
NOI: $72,000
Rent Commencement May 1st, 2020
Date:
Term Remaining: 10 Year Initial Term
Options: Two (2), 5-year options
Rent Increases: 10% Increases Every 5 Years
Landlord None Representative Image
Responsibilities:
OFFERING MEMORANDUM
GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD
5010 S CAMPBELL AVENUE
TUCSON, ARIZONA, 85706
Investment Highlights Demographics 1 Mile 3 Mile 5 Mile
• Opportunity to Invest in a Growing Concept with 90+ 2019 Population 207,153
19,094 94,969
Locations
2019 Daytime Pop 17,713 116,187 277,086
• Personally Guaranteed 10-Year Absolute Triple-Net Avg HH Income $47,014 $42,991 $50,024
(NNN) Lease
Median Age 28.9 29.6 30.1
• 10% Rent Increases Every 5 Years Throughout Entire
Lease Term and Option Periods
Location Overview
• Zero Landlord Responsibilities
• Strategically Positioned fronting Campbell Avenue, one of the
Major North/South Arteries in Tucson
• Surrounded by a host of National Retailers such as Fry’s Grocery
Store (Kroger), Walgreens, Taco Bell, Burger King, O’Reilly Auto
Parts, Bank of America, etc.
• 2 Full Access Points along Campbell Avenue
• 277,086 Daytime Population in a 5 Mile Radius
• Located within a Trade Area Undergoing Major Redevelopment
OFFERING MEMORANDUM
GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD
5010 S CAMPBELL AVENUE
TUCSON, ARIZONA, 85706
Highlights
• 28,620 SF Lot (.65 Acres)
• 2,656 SF Building w/ Drive-Thru
• 2 Full Access Points
• 24 Parking Spaces
OFFERING MEMORANDUM
GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD
5010 S CAMPBELL AVENUE
TUCSON, ARIZONA, 85706
OFFERING MEMORANDUM
GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD
5010 S CAMPBELL AVENUE
TUCSON, ARIZONA, 85706
OFFERING MEMORANDUM
GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD
5010 S CAMPBELL AVENUE
TUCSON, ARIZONA, 85706
TENANT OVERVIEW
Where do you go when you’re craving a good ol’ carne asada burrito anytime, day or night?
That’s what Southwest residents wondered until Filiberto’s introduced their original menu of tacos
and burritos to the desert and brought a whole new heatwave into effect. Founded in 1993
Filiberto’s has served the southwest with 24 hour, fast, authentic Mexican food. Since then, there
has been no comparison to the great product that Filiberto’s provides. Filiberto’s launched their
first restaurant in Mesa, Arizona in 1993. From there, the venture paid off and only a few short
years later, ten other locations were providing a great Mexican selection, friendly service, and a
wonderful experience. Soon enough, Filiberto’s carry out and drive thru became a Phoenix Valley
essential.
As the Phoenix Valley began to fall in love with Filiberto’s, in turn, they showed their appreciation
by making many long lasting commitments to the community. Filiberto’s is a dedicated supporter of
St. Jude Children’s Hospital and youth athletics in the community among others. Their enthusiasm
is not solely based on growth (having added more than 90 restaurants across 3 states) but on
integrity. Every single day, Filiberto’s prepares freshly cut produce for our recipes. They care very
much about taste and customer satisfaction. These are a few of the many measures they take to
insure guests receive only the best quality in food and service.
Their mission is to provide each guest prompt, professional, friendly and courteous service. They Year Founded: 1993
are committed to maintaining clean, comfortable and well maintained premises for their guests Headquarters: Phoenix, AZ
and staff. They strive to provide a fair price and well-prepared meals using only the freshest
ingredients. They strive to treat all guests and staff with the respect and dignity they deserve. By Total Locations: 90+ Locations
maintaining these objectives they shall be assured of a beneficial relationship with the communities
they are so proud to be a part of.
OFFERING MEMORANDUM
GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD
5010 S CAMPBELL AVENUE
TUCSON, ARIZONA, 85706
TUCSON MSA
OFFERING MEMORANDUM
GPS Retail Advisors | 480.603.6892 | www.gpsaz.com
FILIBERTO’S MEXICAN FOOD
5010 S CAMPBELL AVENUE
TUCSON, ARIZONA, 85706
TUCSON, ARIZONA: KEY FACTS EDUCATION
• Tucson is home to the University 1,051,292 39.2
of Arizona, the first university Population 11%
in Arizona. Founded in 1885, Median Age
No High 34%
the university is one of the top-ranked
$53,114
School
2.5 Diploma Some College
research facilities in the country, 22% 33%
Median Household High School Bachelor's/Grad/Prof
especially known for its Optical Sciences
Average
Household Size Income Graduate Degree
department, Space Exploration
research and sports programs. There are BUSINESS EMPLOYMENT
approximately 44,831 students enrolled
64%
(Source: Arizona. edu). White Collar
• Top employers in Tucson include: The 17% 7.0%
University of Arizona (±11,251 employees), 30,084 392,501
Blue Collar
Unemployment
Raytheon Missile Systems (±9,600 local Total Businesses Total Employees
19% Rate
employees), Davis-Monthan Air Force Services
Base (±8,580 employees), State of Arizona INCOME Households By Income
(±8,500 employees), and Tucson Unified The largest group: $50,000 - $74,999 (18.4%)
The smallest group: $150,000 - $199,999 (4.4%)
School District (±7,700 employees) Indicator Value Difference
(Source: Tucson Relocation Guide, 2018).FILIBERTO’S MEXICAN FOOD
5010 S CAMPBELL AVENUE
TUCSON, ARIZONA, 85706
CONFIDENTIALITY AGREEMENT Exclusively Listed By:
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 GPS
Retail LLC and it should not be made available to any other person or entity without the
written consent of GPS Retail LLC. 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 GPS Retail LLC.
This offering memorandum has been prepared to provide summary, unverified financial
and physical information to prospective purchasers, and to establish only a preliminary Jesse Rozio
level of interest in the subject property. The information contained herein is not a substitute Investment/Leasing Specialist
for a thorough due diligence investigation. GPS Retail LLC has not made any investigation, 480.603.6892 - cell
and makes no warranty or representation with respect to the income or expenses for jrozio@gpsaz.com
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 Marty Olejarczyk - Partner
480.482.1940 - direct
of contaminating substances, PCBs or asbestos, the compliance with local, state and
602.762.0754 - cell
federal regulations, the physical condition of the improvements thereon, or the financial martyo@gpsaz.com
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 Greg Saltz - President
memorandum has been obtained from sources we believe to be reliable; however, GPS 480.612.0510 - direct
Retail LLC has not verified, and will not verify, any of the information contained herein, 480.231.3473 - cell
nor has GPS Retail LLC conducted any investigation regarding these matters and makes gsaltz@gpsaz.com
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 contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy, we
the information set forth herein. Prospective buyers shall be responsible for their costs and have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm
its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only, and do not
expenses of investigating the subject property. represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors
which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, indepen-
dent investigation of the property to determine to your satisfaction the suitability of the property for your needs. GPS Retail LLC.You can also read
