Thunderbird Beltway Plaza - MARKETING BROCHURE - NEC Loop 101 & Thunderbird Road | Peoria, Arizona
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Thunderbird Beltway Plaza
NEC Loop 101 & Thunderbird Road | Peoria, Arizona
MARKETING BROCHURE
Aerial facing Southeast
Piestewa Peak Camelback
Mountain Camelback Downtown Midtown Phoenix Sky Harbor South Mountain Park
Corridor Tempe Phoenix International Airport Downtown and Preserve
Phoenix
Oasis Elementary School
Villa Vita
Apartments
±183 Units
Opening Summer 2021
U E
AVEN
83RD
TH
UN
DE
RB
Thunderbird Office Park IRD
±150,000 SF Office RO
AD
Built in 2005
MP
ORTHBO UND ON RA
LOOP 101 N
2 Thunderbird Beltway Plaza
NEC Loop 101 & Thunderbird Road | Peoria, Arizona
Investment Highlights
Well-Located Retail Center Neighboring Tenants (not included in sale)
Located at a full-diamond interchange at the 101 Freeway and NAP NAP
Thunderbird Road.
The Property sits just 4 miles west of Arizona State University’s
West Campus which hosts over 4,900 students each semester
as well as +, a 1,197,000 square foot, Macerich owned shopping
mall featuring top retailers such as Macy’s, Dillard’s, Dick’s
Sporting Goods and AMC Theatres to name a few.
Desirable Demographics
The population within a 1-mile radius of the Property is
currently 13,257. That population is expected to increase to
approximately 14,106 people by 2025. The population explodes
to 117,561 within a 3-mile radius and 320,631 within a 5-mile
radius.
The average household income is $85,484 and the average
home value is $255,872 within a 1-mile radius of the Property.
Long-Serving, E-Commerce Resistant Tenant
Roster NAP
Thunderbird Beltway offers an ideal e-commerce tenant NAP NAP
mix consisting of the fitness anchor, several dining options,
consignments shops, urgent care, swim school, nutrition store,
hair salon and nail salon.
Over 83% of the tenants have been operating at this location
for over 10 years, proving their success at this site.
Exceptional Access and Visibility with Monument
Signage on the Loop 101 on ramp
Cushman & Wakefield
Confidential Offering Memorandum
3
Financial Highlights
Pricing NOI Growth Chart
$1,800,000
Price: $18,390,000
$1,600,000
Cap Rate: 7.0%
$1,400,000
Year-1 NOI: $1,287,330 $1,200,000
Projected
$1,000,000
$1,639,362
Year-10 NOI: $800,000
Total GLA: ±68,700 SF $600,000
$400,000
Occupancy: 97.7%
$200,000
Existing Assumable Financing $0
Year 1
Net Operating Income $1,287,330
Year 2
$1,310,744
Year 3
$1,354,153
Year 4
$1,381,226
Year 5
$1,430,351
Year 6
$1,466,321
Year 7
$1,471,844
Year 8
$1,555,083
Year 9
$1,589,132
Year 10
$1,639,362
NOI % Growth 1.82% 3.31% 2.00% 3.56% 2.51% 0.38% 5.66% 2.19% 3.16%
Interest Rate: 4.59%
For the Years Ending Year 1 Year 4 Year 7 Year 10
Aug-2022 Aug-2025 Aug-2028 Aug-2031
Loan Term (Yrs): 10 years
Effective Gross Revenue $1,716,299 $1,849,184 $1,982,036 $2,197,822
Total Operating Expenses $428,969 $467,957 $510,191 $558,460
Amortization: 30 years
Net Operating Income $1,287,330 $1,381,226 $1,471,844 $1,639,362
NOI Growth (vs. Y1) - 7.29% 14.33% 27.35%
Maturity Date: 5/1/2027
4 Thunderbird Beltway Plaza
NEC Loop 101 & Thunderbird Road | Peoria, Arizona
Property Snapshot
Major Tenant Snapshot
Lease Expirations
Tenant SF % of Total Expiration
EOS Fitness 29,600 43.1% 11/13/35
Hubbard Swim School 7,772 11.3% 11/30/31
Uptown Cheapskate 5,200 7.6% 05/31/26
Demographic Summary
Tenant 1 Mile 3 Miles 5 Miles
2020 Total Population 13,257 117,561 320,631
2025 Est. Population 14,106 124,043 337,424
2020 Average HH Income $85,484 $74,944 $75,066
2020 Average Home Value $255,872 $238,113 $238,810
Traffic Counts
Vehicles per day (VPD)
On Loop 101 at Thunderbird Rd: ±116,934 VPD
On Thunderbird Rd at 83rd Ave: ±33,425 VPD
On 83rd Ave at Thunderbird Rd: ±18,648 VPD
Cushman & Wakefield
Confidential Offering Memorandum
5
Site Plan
PARCELS - INCLUDED IN SALE
PARCELS - NOT A PART Fuzzy’s Sports Grill
Hubbard Swim School
Gyro’s Palace
Uptown Cheapskate
Kabuki Japanese
Nail Salon
Kid to Kid
Alliance Urgent Care ±1,596 SF Available
Palm Beach Tan Heidi’s Brooklyn Deli
P
M
Filiberto’s
RA
EOS
N
O
Fitness
D
Express
UN
BO
Oil Change
H
Salon Blissful
RT
Power Nutrition
O
1N
83RD
10
P
O
LO
AVEN
CVS
UE
Multi-Tenant Multi-Tenant
Office Building McDonald’s Chase Bank
Strip Center Strip Center
THUNDERBIRD ROAD
6 Thunderbird Beltway Plaza
*SITE PLAN FOR DISPLAY
NEC PURPOSE
Loop 101 ONLY Road | Peoria, Arizona
& Thunderbird
Gym Competition
HAPPY VALLEY ROAD
Phoenix Deer
Valley Airport
DEER VALLEY ROAD
S U N C I T Y
W E S T
Midwestern
University
UNION HILLS DRIVE
BELL ROAD
Thunderbird
Beltway Plaza P E O R I A GREENWAY ROAD
S U R P R I S E
Arizona
S U N C I T Y Christian
University
THUNDERBIRD ROAD
ASU West Campus
1 Mile
P H O E N I X
OAD
LD R
E L M I R A G E CACTUS ROAD
83RD AVENUE
75TH AVENUE
HFIE
3 Miles
91ST AVENUE
LITC
PEORIA AVENUE
D
ROA
35T
5 Miles
67TH AVE
H
Glendale
ROAD
RT
Community
AVE
College
DYSA
N
RAGE
UE
OLIVE AVENUE
59TH AVE
N
VENUE
UE
EL MI
43RD
51ST
107TH A
UE N
AVEN
AVEN
NORTHERN AVENUE
U
UE
E
99TH AVENUE
Desert Diamond Casino
G L E N D A L E
West Valley
GLENDALE AVENUE
Cushman & Wakefield
Confidential Offering Memorandum
7
Tanger Westgate
Glendale Outlets Entertainment
Municipal District
Airport
DALE LN
1 Interstate 17 JOMAX RD
2 Midwestern University HAPPY VALLEY RD
3 Arrowhead Towne Center
PINNACLE PEAK RD
4 Peoria Sports Complex
LAKE PLEASANT RD
5
Arizona State University DEER VALLEY RD
West Campus
6 Glendale Community College
SU N C ITY PEO RIA 1
WE ST 2
7
Westgate Entertainment District
& Tanger Outlets
16TH ST
CAVE CREEK RD
7TH AVE
State Farm Stadium
8
& Gila River Arena
BELL RD
3
19TH AVE
4
9 Camelback Ranch
SURP RISE
GREENWAY RD
SU N
7TH ST
CITY
10 Interstate 10
THUNDERBIRD RD
WADDELL RD
Thunderbird
Beltway Plaza 5
PHOENIX
67TH AVE
CACTUS RD
59TH AVE
51ST AVE
EL M IR AG E
PEORIA AVE
PEORIA AVE
5 Minutes
REEMS RD
107TH AVE
OLIVE AVE
6 DUNLAP AVE
35TH AVE
COTTON LN
CITRUS RD
NORTHERN AVE
10 Minutes
75TH AVE
83RD AVE
43RD AVE
EL MIRAGE RD
GLENDALE AVE
SARIVAL RD
7
GLENDALE
LITCHFIELD RD
8 BETHANY HOME RD
99TH AVE
15 Minutes
9
91ST AVE
CAMELBACK RD
DYSART RD
INDIAN SCHOOL RD
GOODYEAR THOMAS RD
MCDOWELL RD
10
8 Thunderbird Beltway Plaza
NEC Loop 101 & Thunderbird Road | Peoria, Arizona
VAN BUREN ST
AVO N DA L E
BUCKEYE RD
Thunderbird Beltway Plaza’s proximity to
the Loop 101 provides quick access to Phoenix Metro’s main
interstates + multiple west valley highlights
Within 15 minutes Quick Access
Of two main to 14,200+
& interstates
in Arizona
Students
Arizona State University West Campus (4,900+ students/
Ample Sporting semester [2019]), Glendale Community College (5,400+
students/Semester [2019]) & Midwestern University (3,900+
Event Opportunities students/year [2020]) are within 15 minutes of property.
Between two major
Super Regional
Arizona’s NFL & NHL stadiums Retail Hubs
are just 10 minutes south
Arrowhead Towne Center is a 1,197,000 square foot, Macerich
owned shopping mall featuring top retailers such as Macy’s,
Dillard’s, Dick’s Sporting Goods and AMC Theatres to name a
few. Westgate Entertainment District is a mixed-use development
in Glendale, Arizona that includes dining, entertainment, and
Two MLB Spring training commercial offices. Funded by millionaire New York architect
facilities are located within Ron Elsensohn, the complex has 8,000,000 sq ft of retail space
15 minutes, Peoria Sports and is one of the premier entertainment destinations in the
Complex and Camelback Ranch Cushman & Wakefield 9
region, attracting over 22 million visitors annually.
Confidential Offering Memorandum
CONTACT INFORMATION
RYAN SCHUBERT
Executive Managing Director
602.224.4472
ryan.schubert@cushwake.com
MICHAEL HACKETT
Executive Managing Director
602.224.4449
michael.hackett@cushwake.com
ZACH AULICK
Senior Associate
602.224.4464
zach.aulick@cushwake.com
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10 Thunderbird Beltway Plaza
NEC Loop 101 & Thunderbird Road | Peoria, Arizona
2555 EAST CAMELBACK ROAD | SUITE 400 | PHOENIX AZ | CWRETAILINVESTMENTADVISORS-SW.COMYou can also read
