NEW 20 YEAR ARBY'S NNN GROUND LEASE INVESTMENT
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NEW 20 YEAR ARBY’S NNN GROUND LEASE INVESTMENT E/SEC PARK AVENUE & TUCSON MARKETPLACE BOULEVARD | TUCSON, ARIZONA Chad T. Russell, P.C. crussell@landadvisors.com 480.874.4339 The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing this information to independently verify it. This package is subject to change, prior sale or complete withdrawal. AZPima185504 - 11.04.21 480.483.8100 | LandAdvisors.com
EXECUTIVE SUMMARY
LOCATION E/SEC Park Avenue & Tucson Marketplace Boulevard OFFERING SUMMARY Offering Price $1,705,882*
CAP Rate 4.25%
ADDRESS 1050 E. Tucson Marketplace Boulevard, Tucson, AZ 85713
SIZE ±37,139 SF (±0.85 AC) LEASE SUMMARY Lease Type Ground Lease (NNN)
Tenant Arby's
YEAR BUILT Q1 2022 (Under Construction)
Lease Guarantor Cardinal RB Arizona, LLC**
Estimated Lease Commencement January 13,2022
PARCEL NUMBER 132-13-1170
Estimated Lease Expiration Date January 12, 2042
BUILDING SIZE 1 Story, ±2,273 SF Initial Lease Term 20 Years and 5 Months
Options 4-5 Year Options (See Below)
ZONING PAD, City of Tucson Annual Rent
Lease Months
Initial Term 1-5 $0***
DEMOGRAPHICS 3 Miles 5 Miles 7 Miles
6-65 $72,500
2021 Est. Population ±111,445 ±275,486 ±453,297
66-125 $79,750
2021 Avg. HH Income $50,107 $53,305 $55,477
126-185 $87,725
186-245 $96,497
TRAFFIC COUNTS I-10: E/W ±107,822 VPD
Park Avenue: N/S ±19,116 VPD Extension Term 246-305 $106,174
(Source: 2021, Kalibrate Technologies) 306-365 $116,762
366-425 $128,438
OVERVIEW • Tenant's use is pandemic proof (drive-thru)
• Located in a dense infill section of South Tucson less than 426-485 $141,282
1/10 mile north of Interstate 10 (full interchange).
• Part of a master planned community with Bourne Compa- *
At COE, Seller to credit Buyer for five (5) months of base rent.
nies and the University of Arizona Bioscience Research Park. **
Franchisee (Irish Beef) currently owns and operates 12 existing Arby's
• Located 2.5 miles from the University of Arizona (±42,236
restaurants in Tucson, Arizona.
enrolled), 2 miles south of downtown Tucson and 3 miles
from the Tucson International Airport. ***
Commencing on the Rent Commencement Date, all Base Rent
• GEICO Regional Call Center opened Summer of 2019 (as hereinafter defined) due hereunder shall be automatically abated
(±2,200 employees at capacity) adjacent to the Property. until the last day of the fifth (5th) calendar month thereafter
• Phase I of U of A Tech Park (The Refinery) was recently (the "Rent Abatement Period").
completed (±120,000 SF).
• JTED Innovative Learning Campus opened in Q4 of 2020
(±600 students).
• Full 20 year NNN lease.
The information contained herein is from sources deemed reliable. We have no reason to doubt its accuracy but do not guarantee it. It is the responsibility of the person reviewing
this information to independently verify it. This package is subject to change, prior sale or complete withdrawal. LAND ADVISORS ORGANIZATION
ARBY’S NNN GROUND LEASE INVESTMENT
ARBY’S NNN GROUND LEASE INVESTMENT
DETAIL MAP
Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com
S Tyndall Ave
S Euclid Ave
E Tucson Marketplace Bl
Subject
S Park Ave
EB
en
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0 s on 200
100
Hw
Feet y
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185504-37667 03-10-20
While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
CONCEPTUAL MASTER PLAN MAP
Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com
Campbell Ave
36th St
PLANNED RESIDENTIAL & OFFICE
Kin
o
> 428 Residential Units
Pk
>120,000 sf Office
wy
B-II
B-IV
Subject
NOW OPEN
JTED
600+ Students The Refinery
120,000 sf
Office Building
Fall 2021
Hotel in Escrow B-III
§
¦
¨ 10 NOW OPEN
+/- 1,500 Employees
Park Ave
Ajo Way
Be
n
Kino
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Sports
H
Complex
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K
0 500 1,000
Feet
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185504-37667 03-10-20
While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
AREA MAP
Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com
Gene C
Reid Park
W 22nd St E 22nd St
tarr Pass Bl
WS
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¨ 10 E
Av
ia
A
t io
C
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Pk
w
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W 29th St E Silverlake Rd 210
SK
South
ino
Tucson
Pw
S 10th Ave
E 36th St
Subject
§
¦
¨ 19
The
Bridges
S 6th Ave
Santa Cruz
River Park
Ed Pastor
S 12th Ave
Kino Environmental
S Park Ave
Restoration Project
S Country Club Rd
W Ajo Wy A
C
86
E Ajo Wy
Kino
City of
Tucson §
¦
¨
10 Sports
Complex
S Campbell Ave
Projects
Pending
K
0 1,000 2,000
Feet
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185504-37667 03-10-20
While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
DEVELOPMENT MAP
Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com
N Country Club Rd
N
N Alvernon Wy
N Swan Rd
Sil
d Rd
N Stone Ave
E Speedway Bl
ve
N 6th Ave
W Speedway Bl
rb
N Grease woo
N 4th Ave
e ll
Rd
Marys Rd E 5th St
W Sa int E 6th St
W Anklam Rd State
Trust Tucson E Broadway Bl
re ss St
W Cong
Randolph
W Cushing St
S 4th Ave
nde Ave
Golf
Course
S Craycroft Rd
Sentinel Gene
S Swan Rd
Starr Starr Peak Park C Reid
Pass Pass Park
A
C
ra
G E 22nd St
W Starr Pass Bl S
S Kino Pw
S 10th Ave
210 E 29th St
South
Tucson E Golf Links Rd
E 36th St
Copper
Subject
G olf Links Rd
Stone
S 6th Ave !
( Ed Pastor
A
C
John F. Kino Environmental
S Park Ave
Kennedy Park Restoration Project
S
86 Las E Ajo Wy
W Ajo Hwy
Sendas
Tucson
Mountain Irvington §
¦
¨ 19 §
¦
¨10
Davis-
Monthan AFB
S Country Club Rd
Park West Estates
S Palo Verde Rd
S 12th Ave
Mission
S Alvernon Wy
Mountain E Irvington Rd
Manor Antigua
S Campbell Ave
View W Irv ington Rd
Rd
s ion
Projects
S Midvale Park Rd
Active
is
Pending
M
E Drexel Rd
S Nogales Hy
S
Conceptual W Drexel Rd
S Tucson Bl
Future
K
0 0.5 1
Mile
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185504-37667 03-10-20 E Valencia Rd
While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
TUCSON MARKETPLACE SITE PLAN (SUBJECT TO CHANGE)
Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com
SHOPS A2
SHOPS B3
Bella Nails & Spa
Recreated PMS
Subject
SHOPS F
SHOPS H
While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.
ARBY'S SITE PLAN
Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com
While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.ARBY'S BUILDING RENDERINGS & ELEVATIONS
Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com
While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.ARBY'S BUILDING ELEVATIONS
Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com
While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.TENANT OVERVIEW
www.arbys.com
Arby's. founded in 1964, is the second-largest sandwich restaurant brand in the world with more than 3,500
restaurants in nine countries.
The Arby's brand purpose is "Inspiring Smiles Through Delightful Experiences®." Arby's delivers on its purpose by
celebrating the are of Meatcraft® with a variety of high-quality proteins and innovative, crave-able sides, such
as Curly Fries and Jamocha shakes. Arby's Fast Crafted® restaurant services feature a unique blend of quick-serve
speed combined with the quality and made-for-you care of fast casual.
Arby's Restaurant Group, Inc. is the franchisor of the Arby's Brand and is part of the Inspire Brands family of restaurants
headquartered in Atlanta, GA. Inspire Brands in the owner and franchisor of Arby's, Baskin-Robins, Buffalo Wild Wings,
Dunkin', Jimmy John's, and Sonic Drive-In, among others, with a combined 32,000 locations across 65 countries with
over $27 billion in revenues. Inspire Brands is majority owned by Roark Capital Group, an Atlanta-based private equity
firm with 25th billion assets under management.
Company Type Private
Locations 3,500+
Employees 80,000+
Revenue $4.3 billion
Headquarters Atlanta, GA
While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.ARBY'S
Chad T. Russell, P.C. | 480.483.8100 | www.landadvisors.com
CONFIDENTIALITY AGREEMENT
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 Land Advisors Organization and
it should not be made available to any other person or entity without the written consent of Land Advisors Organization. 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 Land Advisors Organization.
This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the
subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Land Advisors Organization has not made any investigation, and makes no warranty or
representation with respect to the income or expenses for 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 of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial
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 memorandum has been
obtained from sources we believe to be reliable; however, Land Advisors Organization has not verified, and will not verify, any of the information contained herein, nor has Land Advisors Organization
conducted any investigation regarding these matters and makes 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 set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
NET LEASED DISCLAIMER
Land Advisors Organization hereby advises all prospective purchasers of Net Leased property as follows:
By accepting this Marketing Brochure, you agree to treat the information contained herein regarding the lease terms as confidential and proprietary and to only use such information to evaluate a
potential purchase of this net leased property.
The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Land Advisors Organization has not and will not verify any of this information,
nor has Land Advisors Organization conducted any investigation regarding these matters. Land Advisors Organization makes no guarantee, warranty or representation whatsoever about the accuracy
or completeness of any information provided.
As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing
Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Land Advisors Organization expressly denies any obligation to conduct a due diligence
examination of this Property for Buyer.
Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net
leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.
Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of
the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the
property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties,
including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns
are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part
or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters
affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property,
and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Land Advisors Organization Real Estate Investment Services as well as the Property Owner and hold it harmless from any kind of claim, cost,
expense, or liability arising out of your investigation and/or purchase of this net leased property.
While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2020 The Land Advisors Organization. All rights reserved.
While the Land Advisors® Organization makes every effort to provide accurate and complete information, there is no warranty, expressed or implied, as to the accuracy, reliability or completeness of furnished data. This information can not be reproduced in part or whole without prior written permission. © 2021 The Land Advisors Organization. All rights reserved.You can also read
