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McLaren Automotive | Scottsdale, AZ
$7,745,000 | 5.50% CAPEXCLUSIVE OFFERING 14950 N. 83rd Place
Scottsdale, AZ 85260
AZ Real Estate
Broker License No. CO661892000
JDS Real Estate Services, Inc.
682.233.0424 | Direct
• Absolute NNN Lease with 15-Year Term
• Rental increases at Year 6 and Year 11 of The Primary Term
• Relocation of Existing Successful Dealership (in Operation Since 20XX)
• Multiple Personal and Entity Guarantees of The Income Stream
• Average Household income of Over $115,000 in Scottsdale, AZ
• Nearest McLaren Dealership Serving Arizona, Nevada, Utah, Colorado, & New Mexico
GENERAL EXPENSES AND RESPONSIBILITIES
PROPERTY DETAILS
INVESTMENT OVERVIEWMcLaren Automotive | Scottsdale, AZ
LEASE TYPE: NNN
BASE ANNUAL RENT: $426,000
RENT SCHEDULE DURING PRIMARY TERM
YEARS 1-5: $426,000
YEARS 6-10: $450,000
YEARS 11-15: $474,000
OPTIONS & INCREASES: None
INSURANCE: PAID BY Tenant
PARKING LOT MAINTENANCE: PAID BY Tenant
PROPERTY TAXES: PAID BY Tenant
BUILDING AREA: 19,931 SF
YEAR BUILT: 2018
REMAINING LEASE TERM: 15 Years
RENT COMMENCEMENT: On or before 4/2018
LEASE EXPIRATION: 15 Yrs After Commencement
RENT (PSF): $21.37
PRICE (PSF): $388.59
ROOF & STRUCTURE: PAID BY Tenant
HVAC: PAID BY Tenant
PRICE: $7,745,000 | CAP RATE: 5.50% | NOI: $426,000
SITE OVERVIEWMcLaren Automotive | Scottsdale, AZ
RETAILER MAPMcLaren Automotive | Scottsdale, AZ
TENANT OVERVIEWMcLaren Automotive | Scottsdale, AZ
TENANT PROFILEMcLaren Automotive | Scottsdale, AZ
MCLAREN LOCATIONSMcLaren Automotive | Scottsdale, AZ
LOCATION OVERVIEW
Scottsdale Facts
Population 2017: 239,959
Population 2022: 259,079
Growth 2017-2022: 1.55% Annually
Avg. HH Income: $117,778
Major EmployersHonor Health:
Employees6,382
General Dynamic C-4 3,000
CVS Health: 2,800
Vanguar: 2,500
Sources: U.S. Census Bureau, Census 2010 Data. Esri forecasts for 2017 and 2022; City of Scottsdale Official Site
LOCATION OVERVIEWMcLaren Automotive | Scottsdale, AZ
About Scottsdale, AZ
Located in the beautiful Sonoran Desert, Scottsdale is bordered by Phoenix to the west and the McDowell Mountains on the east.
Scottsdale is a premier community known for a high quality of life with attractive residential, working and shopping areas. It is an
internationally recognized visitor destination and a thriving location for business.
Scottsdale consistently ranks among the nation’s best places to live, with top-rated schools, award winning parks, low crime and a vibrant
economy. Downtown Scottsdale is home to many restaurants, retail shops, art galleries, and hotels. Scottsdale’s McDowell Sonoran
Preserve, in the city’s northern reaches, throughout Scottsdale, is the largest municipally-owned park or preserve in the United States.
There are recreational opportunities for everyone with many golf courses, tennis courts, parks, pools, bike paths, and trails. Today,
Scottsdale has more than 230,000 residents spread across 185 square miles.
Business
Scottsdale is one of the state’s leading job centers with a diverse economy built on medical research, high-tech innovation, tourism and
corporate headquarters. Scottsdale is home to nearly 18,000 businesses supplying more than 150,000 jobs. The high-tech innovation
center SkySong, located just a few miles from Downtown, is designed to help companies grow through a unique partnership with nearby
Arizona State University. Downtown is an emerging center for high-tech businesses. Farther north, the Scottsdale Cure Corridor is a
partnership of premier health care providers and biomedical companies seeking to advance medicine and patient care through cutting-
edge research.
Tourism
With great weather, fantastic scenery and a calendar full of special events, Scottsdale is among the most popular tourist destinations in
Arizona. About 9 million people visit Scottsdale annually. The city boasts many hotels and resorts, restaurants, and spas. That activity
adds up to big business. The annual economic impact of Scottsdale visitors is estimated at more than $4 billion.
STREET MAPMcLaren Automotive | Scottsdale, AZ
LOCATION MAPMcLaren Automotive | Scottsdale, AZ
DISCLAIMERMcLaren Automotive | Scottsdale, AZ
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 JDS Real Estate Services, Inc. and should not be made available to any other person or entity without the written consent of JDS Real
Estate Services, Inc.
This Offering Memorandum has been prepared to provide summary, unverified 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 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, PCB’s or asbestos, the compliance with 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, JDS Real Estate Services,
Inc. has not verified, and will not verify, any of the information contained herein, nor has JDS Real Estate Services, Inc. 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.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest
confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this
Memorandum you agree to release JDS Real Estate Services, Inc. and hold it harmless from any kind of claim, cost, expense or liability arising out of your
investigation and/or purchase of this property
AZ Real Estate
Broker License No. CO661892000
JDS Real Estate Services, Inc.
682.233.0424 | Direct
