SHADOW ANCHORED BY WALMART NEIGHBORHOOD ......• 2 (Two) Vacant Units (±1,209 SF & ±1,252 SF) • Shadow Anchored by Walmart Neighborhood Marketplace, Walgreens & Bank of America

INVESTMENT SALE$3,200,000 ($198 PSF) | Capitalization Rate: 6.72%-8.64% at Full Occupancy

LINDSAY GROVES MARKETPLACE2727 E McKellips Rd | Mesa, AZ 85345

Tom SemancikD 480.966.0419M [email protected]

Kyle DavisD 480.889.2566M [email protected]

Exclusively Listed for Sale:

85% LEASED CENTER WITH UPSIDESHADOW ANCHORED BY WALMART NEIGHBORHOOD MARKET

LINDSAY GROVES MARKETPLACE2727 E MCKELLIPS RD | MESA, AZ 85345INVESTMENT SALE

HIGHLIGHTS:• 85% Leased to 8 Tenants

• 2 (Two) Vacant Units (±1,209 SF & ±1,252 SF)

• Shadow Anchored by Walmart Neighborhood Marketplace, Walgreens & Bank of America

• Internet Resistant Retailers

SALIENT FEATURES:• Building Size: ±16,187 SF

• 10 Suites

• Parcel No: 141-09-213

• Parcel Size: 2.13 Acres (92,844 SF per assessor)

• Date of Construction: 2007

• Zoning: LC

• 2018 Real Estate Taxes: $47,403.54




Walmart Neighborhood Market | Shadow Anchor (Not a part of sale)

TOM SEMANCIK | D 480.966.0419 | M 602.989.3616 | [email protected] KYLE DAVIS | D 480.889.2566 | M 203.419.5385 | [email protected]

LINDSAY GROVES MARKETPLACE2727 E MCKELLIPS RD | MESA, AZ 85345INVESTMENT SALE McKELLIPS ROAD

LIND

SAY ROA

D

FUTU

RE

DR

IVE THR

U3,600 SF

1,252 SF

KARATE

DIVINE NATURE

SALON

1,209 SF

FITNESS

DENTAL

NAILS

ProposedFuel Pad

NOT APART

NOT APART

NOT APART

NOT APART

NOT APART

NOT APART



Demographics 1mi 3mi 5miPopulation: 12,739 93,250 264,146Average Age: 37.60 38.80 39.00Households: 4,079 33,708 98,621HHI: $88,333 $55,679 $49,005

Mtn ViewH.S.

SITE

Greenfield Rd

Val Vista Dr

Lindsay Rd

Higley Rd Recker Rd

McDowell Rd

Brown Rd

McKellips Rd

Bell Rd

7th

Ave

Buckeye Rd

Elliot Rd

Peoria Ave

Southern Ave

Happy Valley Pkwy Happy Valley Rd

85

Camelback Rd

Gilb

ert R

d

Verr

ado

Way

Thomas Rd

Lake

Ple

asan

t

University Dr

Ray Rd

Mille

r Rd

Wat

son

Rd

99th Ave

Dunlap Ave

Mes

a Dr

Warner Rd

University Dr

Northern AveGlendale Ave

107t

h Av

e

19th

Ave

Sariv

al A

ve

Ellsw

orth

Rd

Arizo

na A

ve Pow

er R

d

Shea Blvd

Tatu

m B

lvd

Cave

Cree

k Rd

Coun

try C

lub

Rura

l Rd

Bell Rd

75th

Ave

7th

St

McDowell Rd

Chandler Blvd

LINDSAYGROVES

MARKETPLACE



Tenant Name Suite Sq. Ft. Monthly Base Rent without Rental Tax

Base Rent NNN PSF

Lease Exp. Date

Rent Increases Amount/SF Renewal Options

Light Touch Laser and Dental Implant Center 101 2,287 $3,811.67 $20.00 4/30/2027 4/30/2020 4/30/2021 4/30/2022 4/30/2023 4/30/2023 4/30/2025 4/30/2026

$20.50$21.00$21.50$22.00$22.50$23.00$23.50

2X5 MKT

Divine Nature - Nutrition Supplements 103 1,252 $1,558.74 $14.94 7/31/2023 2/1/2020 1/1/2021

12/12021

$15.38 $15.84 $16.32

No option

DePalma's Karate (Dragon Inv.) 104 2,276 $2,734.99 $14.42 6/30/2023 7/1/2019 7/1/2020 7/1/2021 7/1/2022

$14.42 $14.85 $15.30 $15.76

No option

Pizza Hut Store #0315902 106 1,532 $2,872.50 $22.50 12/31/2019 1X5 MKT

The Tone Zone 108 1,848 $2,310.00 $15.00 7/31/2022 8/1/2020 8/1/2021

$15.60$16.22

No option

Honeydew Nails 110 1,176 $1,413.16 $14.42 9/30/2022 10/1/2019 10/1/2020 10/1/2021

$14.85$15.30$15.76

No option

Vacant (Vanilla Shell) 111 1,252 $1,837.55 $17.61

Bonnie & Clyde Hair Salon 112 1,067 $1,462.68 $16.45 6/30/2022 6/5/2020 6/5/2021

$16.94$17.45

1X5 MKT

Vacant (Former Financial Service Office) 113 1,209 $1,774.43 $17.61

Firehouse Subs 114 2,287 $3,880.28 $20.36 5/31/2024 5/9/2020 5/9/2021 5/9/2022 5/9/2023

$20.87$21.39$21.92$22.47

2X5 MKT

Bank of America Monument Panel N/A $100.00 MTM

Subtotal Occupied (85%) 13,725 $20,144 $17.61

Subtotal Vacant (15%) 2,461 $3,612 $17.61

Grand Total 16,186 $23,756 $17.61

Annualized Occupied $241,728

Annualized Vacant $43,344

Annualized 100% Leased $285,072

*Totals based on rents as of 7/1/2019

RENT ROLL



2019 BUDGETED OPERATING EXPENSESPROFORMA BASIS

JANUARY 2019 RECOVERIES

CAM EXPENSES

Property Tax $54,894

Insurance $4,990

Utilities $8,004

Repairs and Maintenance $27,832

Management Fees $14,429

Administrative $5,732

Total CAM Expense $115,881

NON-CAM EXPENSES

Non-Recoverable Expenses $2,350

Other Expenses (Non-Cam) $7,810

Total Non-Cam Expenses $10,160

TOTAL EXPENSES $126,041

*CAM Recovery ($52,932)

*Tax Recovery ($46,536)

NET TOTAL EXPENSES $26,573

CAP RateNet Operating Income (Existing Occupancy) $215,155 6.72%

Net Operating Income (100% Occupied) $276,334 8.64%

*Budgeted 2019 CAM & Tax recoveries based on Jan 2019 budgetrecover#’sx12

CAM Recovery $4,411

Tax Recovery $3,878


LINDSAY GROVES MARKETPLACE2727 E MCKELLIPS RD | MESA, AZ 85345INVESTMENT SALE$16.00

84.86%2,461 SF

200716,250 SF

General Retail

Rent/SF/Yr:% Leased:

Total Available:

Year Built:GLA:

Building Type:FreestandingSecondary:

Radius 1 Mile 3 Mile 5 MilePopulation

2023 Projection 13,972 95,884 281,7502018 Estimate 13,163 89,107 260,9492010 Census 13,265 82,267 235,441Growth 2018 - 2023 6.15% 7.61% 7.97%Growth 2010 - 2018 -0.77% 8.31% 10.83%

2018 Population by Hispanic Origin 1,676 19,675 77,9092018 Population 13,163 89,107 260,949

White 12,004 91.20% 79,025 88.69% 228,234 87.46%Black 251 1.91% 2,898 3.25% 9,757 3.74%Am. Indian & Alaskan 183 1.39% 2,914 3.27% 10,628 4.07%Asian 407 3.09% 1,624 1.82% 4,281 1.64%Hawaiian & Pacific Island 43 0.33% 353 0.40% 1,180 0.45%Other 275 2.09% 2,294 2.57% 6,870 2.63%U.S. Armed Forces 0 51 116

Households2023 Projection 4,437 34,619 105,2332018 Estimate 4,190 32,185 97,5352010 Census 4,261 29,651 88,020Growth 2018 - 2023 5.89% 7.56% 7.89%Growth 2010 - 2018 -1.67% 8.55% 10.81%Owner Occupied 3,406 81.29% 22,144 68.80% 60,858 62.40%Renter Occupied 784 18.71% 10,042 31.20% 36,677 37.60%

2018 Households by HH Income 4,190 32,186 97,534Income: <$25,000 564 13.46% 6,526 20.28% 22,846 23.42%Income: $25,000 - $50,000 689 16.44% 7,973 24.77% 26,773 27.45%Income: $50,000 - $75,000 543 12.96% 5,670 17.62% 18,731 19.20%Income: $75,000 - $100,000 503 12.00% 3,709 11.52% 10,769 11.04%Income: $100,000 - $125,000 554 13.22% 2,812 8.74% 7,005 7.18%Income: $125,000 - $150,000 326 7.78% 1,384 4.30% 3,580 3.67%Income: $150,000 - $200,000 460 10.98% 1,958 6.08% 4,325 4.43%Income: $200,000+ 551 13.15% 2,154 6.69% 3,505 3.59%

2018 Avg Household Income $112,425 $80,175 $67,1192018 Med Household Income $89,860 $56,130 $48,993

Demographic Summary ReportLindsay Groves Marketplace2723-2727 E McKellips Rd, Mesa, AZ 85213

Copyrighted report licensed to Commercial Properties, Inc. - 686125.3/28/2019

Page 1

Located in Maricopa County and just 15 miles east of Phoenix, Mesa covers 138 square miles, is the third largest city in Arizona and the 36th largest city in the nation.

The City provides the advantages of a thriving metropolis while maintaining the feel of a suburban environment.

With dynamic recreational, educational and business opportunities, Mesa enjoys the best in a variety of amenities including parks within easy walking distance from home, a variety of sports facilities that cater to athletes young and old, highly rated golf courses for every skill level, a diversity of special events and community festivals, and Mesa’s ever-popular Chicago Cubs and Oakland A’s Spring Training baseball.

Source: www.mesaaz.gov

DEMOGRAPHICS ABOUT MESA



Bank of America | Shadow Anchor (Not a part of sale)

Firestone Auto Care | Shadow Anchor (Not a part of sale)


DISCLAIMER:The information contained herein has been obtained from various sources. We have no reason to doubt its accuracy; however, J & J Commercial Properties, Inc. nor its listing agents (Tom Semcik & Kyle Davis), have not verified such information and make no guarantee, warranty or representation about such information. The prospective buyer or lessee should independently verify all dimensions, specifications, floor plans, and all information prior to the lease or purchase of the property. All offerings are subject to prior sale, lease, or withdrawal from the market without prior notice.Demographics source: CoStar.com Effective: 02 19 19




Documents

SHADOW ANCHORED BY WALMART NEIGHBORHOOD ......• 2 (Two) Vacant Units (±1,209 SF & ±1,252 SF) • Shadow Anchored by Walmart Neighborhood Marketplace, Walgreens & Bank of America