RETAIL INVESTMENT GROUP, LLC

Transcription

1 RETAIL INVESTMENT GROUP, LLC N VISION WAY PHOENIX, ARIZONA $1,200,000 CAP: 7.50% ACTUAL SITE - PHOTO TAKEN JANUARY 2018

2 INVESTMENT SUMMARY PRICE: $1,200,000 CAP: 7.50% PROPERTY INFORMATION INVESTMENT HIGHLIGHTS Address: N Vision Way Phoenix, Arizona Absolute NNN Lease Three 5 Year Options to Extend CAP Rate: 7.50% Corporate Guarantee Annual CPI Increases Lessee: Building Size: Meineke ±2,489 Square Feet Located Just South of Anthem Outlets Excellent Demographics - 5 Mile Radius $86,000 Household Income Nearby Access to I-17 Nearby Retailers Include Wal-Mart, O Reilly s, Circle K, Denny s and Del Taco Land Area: ±18,737 Square Feet Lease Expiration: 02/01/2020 Lease Options: 3 x 5 Year Options NOI: $90,000 Lease Type: Absolute NNN Increases: Annual CPI Guarantee: Driven Brands, Inc. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no representation, guarantee or warranty about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, estimates, opinions use are for example only. 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, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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6 SITE PHOTOGRAPHY PHOTOS TAKEN - JANUARY 2018

7 ABOUT DRIVEN BRANDS INC. Driven Brands Inc., formerly Meineke Holding Co., acquired Econo Lube N Tune, Inc. in Roark Capital Group acquired Driven Brands in Driven Brands, headquartered in Charlotte, NC, is the parent company of North America s leading automotiveaftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers and Merlin 200,000 Mile Shops ; Paint & Collision, housing Maaco, CARSTAR North America and Drive N Style ;Distribution, housing Radiator & A/C ; and Quick Lube, housing Pro Oil Change, Econo Lube N Tune,Driven Florida Lubes and Take 5 Oil Change. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. Driven Brands was acquired by Roark Capital Group of Atlanta in Since inception, affiliates of Roark Capitalhave acquired 52 franchise/ multi-unit brands, which generate $20 billion in annual system revenues from 22,000locations in 50 states and 75 countries.

8 PHOENIX ARIZONA Phoenix is the capital and most populous city of the U.S. state of Arizona. With 1,615,017 people (as of 2016), Phoenix is the fifth most populous city nationwide, the most populous state capital in the United States, and the only state capital with a population of more than one million residents. Phoenix is the anchor of the Phoenix metropolitan area, also known as the Valley of the Sun, which in turn is a part of the Salt River Valley. The metropolitan area is the 12th largest by population in the United States, with approximately 4.3 million people as of In addition, Phoenix is the seat of Maricopa County and, at square miles, it is the largest city in the state, more than twice the size of Tucson and one of the largest cities in the United States. Settled in 1867 as an agricultural community near the confluence of the Salt and Gila Rivers, Phoenix incorporated as a city in Located in the northeastern reaches of the Sonoran Desert, Phoenix has a subtropical desert climate. Despite this, its canal system led to a thriving farming community, many of the original crops remaining important parts of the Phoenix economy for decades, such as alfalfa, cotton, citrus, and hay (which was important for the cattle industry). Cotton, cattle, citrus, climate, and copper were known locally as the Five C s of Phoenix s economy. These industries remained the driving forces of the city until after World War II, when high-tech companies began to move into the valley and air conditioning made Phoenix s hot summers more bearable. The city averaged a four percent annual population growth rate over a 40-year period from the mid-1960s to the mid-2000s. This growth rate slowed during the Great Recession of , and has rebounded slowly. Phoenix is the cultural center of the Valley of the Sun, as well as the entire state.