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$1,200,000 | CAP: 7.50%42410 N VISION WAY | PHOENIX, ARIZONA
RETAIL INVESTMENT GROUP, LLC
ACTUAL SITE - PHOTO TAKEN JANUARY 2018
8255 E. RAINTREE DR, SUITE 100SCOTTSDALE, AZ 85260(480) 429-4580 | [email protected]
SEAN STEPHENSONAssociate
MARK MCLOONEAssociate
STEVEN I. DAVISManaging Member
INVESTMENT HIGHLIGHTS
Absolute NNN Lease Three 5 Year Options to Extend
Corporate Guarantee Annual CPI Increases
Nearby Access to Interstate 17Located Just South of Anthem Outlets
Excellent Demographics - 5 Mile Radius$86,000 Household Income
Nearby Retailers Include Wal-Mart, O’Reilly’s, Circle K, Denny’s and Del Taco
INVESTMENT SUMMARY PRICE: $1,200,000
CAP Rate:
Address:
Lessee:
Lease Expiration:
NOI:
Lease Type:
Guarantee:
Increases:
CAP: 7.50%
Lease Options:
Land Area:
Building Size:
7.50%
Meineke - www.meineke.com
42410 N Vision Way | Phoenix, Arizona
02/01/2020
Annual CPI
Driven Brands, Inc - www.drivenbrands.com
$90,000
Absolute NNN
3 x 5 Year Options
±18,737 Square Feet
±2,489 Square Feet
PROPERTY INFORMATION
8255 E. RAINTREE DR, SUITE 100SCOTTSDALE, AZ 85260(480) 429-4580 | [email protected]
SEAN STEPHENSONAssociate
MARK MCLOONEAssociate
STEVEN I. DAVISManaging Member
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.
8255 E. RAINTREE DR, SUITE 100SCOTTSDALE, AZ 85260(480) 429-4580 | [email protected]
SEAN STEPHENSONAssociate
MARK MCLOONEAssociate
STEVEN I. DAVISManaging Member
8255 E. RAINTREE DR, SUITE 100SCOTTSDALE, AZ 85260(480) 429-4580 | [email protected]
SEAN STEPHENSONAssociate
MARK MCLOONEAssociate
STEVEN I. DAVISManaging Member
8255 E. RAINTREE DR, SUITE 100SCOTTSDALE, AZ 85260(480) 429-4580 | [email protected]
SEAN STEPHENSONAssociate
MARK MCLOONEAssociate
STEVEN I. DAVISManaging Member
SITE PHOTOGRAPHY PHOTOS TAKEN - JANUARY 2018
8255 E. RAINTREE DR, SUITE 100SCOTTSDALE, AZ 85260(480) 429-4580 | [email protected]
SEAN STEPHENSONAssociate
MARK MCLOONEAssociate
STEVEN I. DAVISManaging Member
ABOUT DRIVEN BRANDS INC.
Driven Brands Inc., formerly Meineke Holding Co., acquired Econo LubeN’ Tune, Inc. in 2006. Roark Capital Group acquired Driven Brands in2015.
Driven Brands, headquartered in Charlotte, NC, is the parent companyof North America’ s leading automotiveaftermarket brands across fourdistinct verticals: Repair & Maintenance, housing Meineke Car CareCenters® and Merlin 200,000 Mile Shops®; Paint & Collision, housingMaaco®, CARSTAR North America® and Drive N Style®;Distribution,housing 1-800-Radiator & A/C®; and Quick Lube, housing Pro OilChange®, Econo Lube N’ Tune®,Driven Florida Lubes® and Take 5Oil Change. Driven Brands has more than 2,000 centers across NorthAmerica, and combined, all businesses generate more than $2.1 billionin 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 revenuesfrom 22,000locations in 50 states and 75 countries.
A FAMILY OF DRIVEN BRANDS
8255 E. RAINTREE DR, SUITE 100SCOTTSDALE, AZ 85260(480) 429-4580 | [email protected]
SEAN STEPHENSONAssociate
MARK MCLOONEAssociate
STEVEN I. DAVISManaging Member
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 2010. In addition, Phoenix is the seat of Maricopa County and, at 517.9 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 1881. 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 2007–09, and has rebounded slowly. Phoenix is the cultural center of the Valley of the Sun, as well as the entire state.
8255 E. RAINTREE DR, SUITE 100SCOTTSDALE, AZ 85260(480) 429-4580 | [email protected]
SEAN STEPHENSONAssociate
MARK MCLOONEAssociate
STEVEN I. DAVISManaging Member
