RETAIL INVESTMENT GROUP, LLC 10380 N 91ST AVE PEORIA, AZ 85345 $989,000 CAP: 10.33% PHOTOS TAKEN - OCTOBER 2017
INVESTMENT SUMMARY PRICE: $989,000 CAP: 10.33% PROPERTY INFORMATION INVESTMENT HIGHLIGHTS Address: 10380 N 91st Ave Peoria, AZ Home Depot Outparcel Meineke Founded in 1972 CAP Rate: 10.33% On Current Income 91st Avenue Visibility & Signage 290,000 Population Within 5 Miles NOI: $102,150 Loop 101 Access Nearby 2005 Construction Building Size: ±2,550 Square Feet Absolute NNN Lease Attractive Phoenix MSA CAP Rate Land Area: ±0.99 Acres Lease Expiration: August 21, 2020 Lease Options: 3 x 5 Year Options Lessee: See Page 6 Lease Type: Absolute NNN Lease Increases: 2% Annually 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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ABOUT DRIVEN BRANDS INC Driven Brands Inc., formerly Meineke Holding Co., acquired Econo Lube N Tune, Inc. in 2006. Roark Capital Group acquired Driven Brands in 2015. 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 1-800-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 2015. 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.
PEORIA ARIZONA Yahoo! Finance ranked Peoria as one of the top best cities to live. In fact, it is the only Arizona city to make the ranking! More than 171,000 residents call Peoria home, with 300 days of sunshine, ample parks, trails, entertainment and amenities, it s easy to see why Peoria has long been one of the most desirable locations in the Grand Canyon State. Looking to get out and stretch the legs? Peoria has over 25 miles of trails to enjoy. Hike, bike or jog along the New River Trail, or go explore the surrounding desert and see incredible vistas and areas where ancient civilizations once lived. Peoria offers a unique desert and water experience. Lake Pleasant and Lake Pleasant Regional Park is located in north Peoria. With more than 10,000 acres of water and 13,600 acres of land, this popular attraction is the perfect place for water sports, desert camping, hiking and wildlife watching. With its beautiful vistas, great schools, outstanding communities and recreational opportunities, you can see why so many people recommend Peoria s quality of life for their family.