TEMPE ARIZONA - LoopNet...Morenci Oracle Page Parker Prescott Valley San Carlos Show Low Snowflake...
Transcript of TEMPE ARIZONA - LoopNet...Morenci Oracle Page Parker Prescott Valley San Carlos Show Low Snowflake...
OFFERING MEMORANDUM
Free Standing Goodwill Elliott Plaza Shopping Center
TEMPEARIZONA
CONFIDENTIALITY AND DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure 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. Marcus & Millichap has not made any 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 Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap 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.
NON-ENDORSEMENT NOTICEMarcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of w, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Y U M A
A P A C H E
C O C H I S E
C O C O N I N O
G I L A
G R A H A M
G R E E N L E E
M A R I C O P A
M O H A V E
N A V A J O
P I M A
P I N A L
S A N T A C R U Z
Y A V A P A I
L A P A Z
Bylas
Camp Verde
Cave Creek
Clarkdale
Dudleyville
Duncan
Fredonia
Gila Bend
Grand Canyon Village
Hayden
Huachuca City
Jerome
Lakeside
Lukachukai
Mammoth
Many Farms
Marana
McNary
Oro Valley
Patagonia
Pima
Pinetop
Pirtleville
Sacaton
San Luis
Sells
Springerville
Stargo
Sun Lakes
Taylor
Tombstone
Wellton
Winkelman
Yuma Proving Ground
Bagdad
Benson
Buckeye
Cashion
Catalina
Central Heights-Midland
Chinle
Chino Valley
Claypool
Clifton
Cottonwood
Eagar
El Mirage
Florence
Fort Defiance
Fountain Hills
Goodyear
Guadalupe
Kayenta
Kearny
Litchfield Park
Luke AFB
Miami
Morenci
Oracle
Page
Parker
Prescott Valley
San Carlos
Show Low
Snowflake St. Johns
Sun City West
Superior
Surprise
Thatcher
Tolleson
Tucson Estates
Whiteriver
Wickenburg
Willcox
Williams
Williams AFB
Window Rock
Youngtown
Ajo
Apache Junction
Avondale
Bisbee
Coolidge
Davis-Monthan AFB
Dreamland-Velda Rose
Eloy
GilbertGlobe
Green Valley
Holbrook
Kingman
Payson
Safford
San Manuel
Sedona
Somerton
South Tucson
Tuba City
Winslow
Bullhead City
Casa Grande
Douglas
Lake Havasu City
Nogales
Paradise Valley
Peoria
Prescott
Sierra Vista
Chandler
Flagstaff
Sun City
Yuma
MesaTempe
GlendaleScottsdale
Tucson
Phoenix
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88BR
Investment Summary .........................................2Lease Abstract ....................................................3Investment Highlights.........................................5Aerial Map .........................................................6Site Plan ............................................................8Tenant Summary ..............................................10Location Map ...................................................12 Location Overview ............................................14Arizona State University—Tempe, AZ .................15Location Highlights ...........................................17Demographics ..................................................20
TABLE OF CONTENTS
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7850 S PRIEST DRIVE, TEMPE, AZ 85284
PRICE: $6,484,200 CAP: 6.25% RENT: $405,262
INVESTMENT SUMMARY
G O O D W I L L - O V E R V I E W
Price $6,484,200
Gross Leasable Area (GLA) 32,421 SF
Lot Size (approx) 3.68 Acres
Net Operating Income $405,262
CAP Rate 6.25%
Year Built / Renovated 1994 / 2015
A N N U A L I Z E D O P E R AT I N G D ATA
Lease Term Annual Rent
1-5 $405,262
6-10 $453,894
Option 1 $491,178
Option 2 $543,051
L E A S E A B S T R A C T
Lease Type* NN
Original Lease Term 10 Years
Lease Term Commenced * Original lease commenced 12/23/2014, and Tenant extended lease thru 9/30/2028
Lease Expiration 9/30/2028
Remaining Lease Term 9.9 Years
Renewal Options 2x5
Increases Bumps every 5 years
Landlord Responsibilities Roof & Structure, etc.*** See Lease Abstract on following page.** PCA report completed 5/2018 indicates roof is in fair/good condition with no drainage
or other identifying concerns.
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LEASE ABSTRACTG O O D W I L L
Tenant Goodwill Industries of Central ArizonaGuarantee NoneInitial Term 10 yearsOptions 2x5Lease Commencement 12/23/14 and extended on 11/3/2018 for 10-yearsYears remaining (base term) 6.1Percentage rent NoneSecurity deposit NoneAdditional rent Tenant's pro rata share to be paid monthly on taxes $7,658.98, the Shopping Center Operating Costs $3,230.70 & Insurance $417.76 for
total of $11,307.44. Costs to be adjusted annually on Landlord's reasonable estimateOperating Costs Cap Shall not increase more than 5% in any lease year on a non-cumulative basisOperating Costs Definition All of the Shopping Center's Operating Costs. To include repairing/replacing & maintaining the common areas, more specifically:
insurance premiums/deductibles, utility charges, lawn care and landscaping, irrigation, repainting and staining, repairs, replacement, security, line painting, restriping, seal-coating, cleaning, sweeping, and parking lot resurfacing, lighting, plumbing, electrical lines, pest control, removal of trash, snow removal, cost of personnel to implement these services, pylon repair and reasonable management fees. Capital improvements over $25,000 shall be amortized and not funded thru reserves
Reporting Tenant shall report annual gross sales upon written landlord requestReal estate taxes Tenant has 100% pro rata share once the lot is subdivided (in process). Pass through payment.Exclusivity No other tenant in center can be a thrift storeParking Nonexclusive rights to entire center (may be adjusted once subdivision occurs)Landlord maintenance Foundation, slab, column footings, exterior walls, roofs, roof membrane, gutters, downspouts, structural elementsTenant maintenance Repair and keep in good order store front, interior, all exterior doors, HVAC, plumbing, sprinklers, fixtures, equipment, glass replacement,
repair whether interior/exteriorProperty insurance Landlord shall procure & maintain on all building an common areas of the shopping center, fire & extended coverage, property damage,
liability insurance . Tenant's pro rata share shall be reimbursed by tenantLiability & other insurance Tenant shall maintain commercial general liability insurance, worker's compensation and employer's liability insurance, all riskEstoppel & SNDA Tenant to provide within 15 business days of requestSecurity Landlord has no responsibility to provide security for any portion of the Center including the premises or the common areas
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* Property boundaries TBD.
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INVESTMENT HIGHLIGHTS t Goodwill offers a long term single tenant modified NNN
lease (minimal landlord obligations) t The Center is anchored by LA Fitness and is surrounded by
other national retailers such as Costco, WalMart and Ross Dress For Less
t The Goodwill is located in a shopping center that is 100% leased with 70% of the tenants leased thru the next 6 years (prior to options)
t Densely populated area and strong retail/residential infill limits future new development, creating high barriers to entry for direct competition to the tenancy
t Significant visibility with more than 202,000 VPD passing in front of the site daily and its proximity to the I-10, the 202 loop and 101 Fwy
213,727 VPD
272,509TOTAL POPULATION WITHIN 5-MILE RADIUS
$88,811AVERAGE HOUSEHOLD INCOME WITHIN 5-MILE RADIUS
- INTERSTATE 10
21,586 VPD - PRIEST DRIVE33,453 VPD - ELLIOT ROAD
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Burger King
ELLIOT ROAD - 33,453 VPD
McDonald’s
S PRIEST DRIV
E - 21,586 VPD
I-10 - 213,727 VPD
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ELLIOT ROAD - 33,453 VPD
S PRIEST DRIV
E - 21,586 VPD
I-10 - 213,727 VPD
The site is strategically situated at the primary signalized intersection at Elliot Rd., and Priest Dr., just off the freeway along the region’s retail corridor located between I-10 and Loop 101. The surrounding area benefits from strong daytime population fed by its proximity to the Arizona State University Research Park and the Discovery Business Park along with over 3,000,000 SF of office and light industrial space.
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SITE PLANW
ELL
IOT
BLV
D
AU
TO D
RIV
E
PRIEST DRIVE
NOTE: Site plan to be adjusted once subdivision is finalized
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GOODWILL INDUSTRIES
www.goodwill.org
All Things Goodwill:
Goodwill Industries International Inc., or shortened to Goodwill, (stylized as goodwill) is an American nonprofit 501(c)(3) organization that provides job training, employment placement services, and other community-based programs for people who have barriers preventing them from otherwise obtaining a job. In addition, Goodwill Industries may hire veterans and individuals who lack education or job experience or face employment challenges. Goodwill is funded by a massive network of retail thrift stores which operate as nonprofits as well. Goodwill’s answer to its profit status is “As a unique hybrid called a social enterprise, we defy traditional distinctions. Instead of a single bottom line of profit, we hold ourselves accountable to a triple bottom line of people, planet, and performance.”
Goodwill operates as a network of independent, community-based organizations in South Korea, Venezuela, Brazil, Mexico, Panama, Uruguay, the United States, Canada, and 8 other countries, with 162 local Goodwills in the United States and Canada. It slowly expanded from its founding in 1902 and was first called Goodwill in 1915. In 2014, Goodwill organizations generated a total of $5.59 billion in revenue, 83 percent of which was spent directly on programs. In 2015, the group served more than 37 million people, with more than 312,000 people placed into employment.
Currently, there are two public faces of Goodwill. Organization expert Lorie Marrero is the face of the Donate Movement, which began in 2010. ABC correspondent Evette Rios partnered with Goodwill in 2012 to help appeal to the Latin American market.
Goodwill was ranked among the top five brands that inspired consumers the most with its mission in the Brand World Value Index for the past three years (2018 Brand World Value Index).
Their mission results in 2017 were notably exceptional: more than 288,000 people placed into employment, more than 30,000 people engaged with local Goodwill organizations to earn a credential. As a result, these individuals increased their collective lifetime earnings by more than $15.8 billion. More than 38.6 million total persons served. Over 2.1 million people received Goodwill services in-person to build their career and financial assets. More than 36.5 million people used computers and mobile devices to access Goodwill training virtually.
Founded by The Reverend Edgar J. Helms 1902.
TENANT SUMMARY
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ROCKVILLE, MDHEADQUARTERS
OWNERSHIP CEO
LOCATIONSFOUNDED
MARK CURRAN
3,200+1902
NON-PROFIT
REVENUE
$3.53BANNUAL SALES
$5.7B
GOODWILL INDUSTRIES
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Scottsdale
Cave Creek
Carefree
Peoria
PHOENIX
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Glendale
Sun CityWest
SunCity Fountain
HillsEl
Mirage
Youngtown
ParadiseValleyLuke
AFB
LitchfieldPark
Mesa
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Avondale
Buckeye
Tolleson
Tempe
Gilbert
Guadalupe
ChandlerKomatke
QueenCreek
SunLakes
GilaBend
ApacheJunction
Santan
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BlackwaterAk-Chin
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Eloy
FederalCorrectional
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Moon ValleyCountry Club
North/SouthGC
Quail RunGC Scottsdale Country Club
Sun CityCC
CountryMeadows GC
ScottsdaleStadium
CypressGC Royal
Palms GCPhoenixStadium
StateCapitol
AmericaWest Arena Mesa
CC
RiverviewGC
Sun Devil Stadium
Tempe DiabloStadium Fiesta
Lakes GC
DobsonRanch GC
CompadreStadium
Gila BendAir Force Station
Salt River Pima-MaricopaIndian Reservation
Fort McDowellMohave-Apache
Indian Reservation
Gila RiverIndian Reservation
MaricopaAk-ChinIndian
Reservation
Gila RiverIndian Reservation
Red MountainDistrict Park
Lost DutchmanState Park
Casa Grande RuinsNat'l Monument
Estrella MountainRegional Park
Phoenix South Mountain Park
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Baseline Rd Baseline RdBaseline RdBaselineRd Baseline Rd
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Guadalupe Rd Guadalupe RdDobbins Rd
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Ray RdWilliams Field RdChandler BlvdChandler
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Indian Res Rt 9
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Maricopa Casa Grande Hwy
Bowlin Rd
Hidd
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Miller Rd McCartney Rd
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Cent
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N Casa Grande Ave
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Hidd
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Cottonwood LnBeverly Hills Dr
Clayton RdMcmurray BlvdDune Shadow Rd
Gila Bend Hwy Florence BlvdArizona Dr
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Battaglia Dr Battaglia Rd
128t
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Frank Llo yd Wright Blvd
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Glendale Ave
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Union Hills DrUnion Hills Dr
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Indian Bend Rd
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Carver RdEstrella Dr
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Cloud RdCloudRd
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Lower River RdHazen Rd
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Lower Buckeye Rd
Buckeye Canal Rd
Elliot Rd
Rainbow Valley Rd
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Ray Rd
155t
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203r
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Ocotillo Rd
Sand
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Riggs Rd
Hunt Hwy
Tuth
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Ocotillo Rd
Indian Rd
Skyline Dr
Thom
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Rd
Phillips Rd
Drifter Pass Rd
Judd RdJudd Rd
Atta
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Heritage Rd
Quail
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Bonnybrook Rd
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Indian Route 68
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IndianRoute 72In
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Indian Route 60
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Seed Farm RdSouthsideCanal Road
Gree
n Rd
War
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Rd
Table
Top
Rd
La Barranca DrMcdavid Rd
Whit
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Whit
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Cattle
Dr Peters And Nall RdPeters And Nall Rd
Fulcar Rd
Teel RdTeel Rd
Miller Rd
Sage
St
Smith
Rd
Table
Top
Rd Meadow Green Rd
Century RdClaytonRd
Arroyo Rd
Fresno Rd
Robin RdPiedra Rd
Teel Rd
Barnes Rd
Kortsen Rd
Meadow View Rd
Smith
Rd
Porte
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Miller Rd
Midw
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Pres
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Barnes Rd
Stan
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Lelaand RdClayton Rd
India
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Peters RdPeters Ave
Corra
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Val Vista Rd
Teel Rd
Miller Rd Scot
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Burri
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Val Vista Blvd
Woodruff Rd
Pear
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Rodeo Rd
Henn
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Kleck Rd
Story Rd
Millrise Rd
Waverly DrGhost Ranch Rd
Henn
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Rd
Vah Ki Inn Rd
Twee
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Bechtel Rd
Cox R
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Val Vista Rd
Tolte
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Woodruff Rd
Over
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Rd
Randolph Rd
Sign
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Hacie
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Rd
La P
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Rd
Suns
hine
Blvd
Martin Rd
Bartlett Rd
Vail R
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Whe
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Fast
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Suns
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Blvd
Vail R
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Earley Rd
Selma Hwy
Arica Rd Arica Rd
Fast
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Houser Rd
Earley Rd
Ethin
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Pear
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Henn
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Cox R
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Burri
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Hanna Rd
Arica Rd
Pear
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Carm
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vd
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Selma Hwy
Cornman Rd
Connelley Rd
Selma Hwy
Ogde
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Bulla
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Wickenburg Hwy
Grand Ave
Grand Ave
Buckeye Rd
Main St
Monroe Ave
Black Canyon Hwy
Agua
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Squa
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HohokamExwy
Red
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Red Mountain Frwy
48th
St
Pima Frwy
Superstition Frwy
Phoenix-Deer ValleyMunicipal Airport
ScottsdaleAirport
FalconField
Phoenix Sky HarborInt'l Airport
WilliamsGateway
ChandlerMunicipal
Airport
Casa GrandeMunicipal Airport
Phoenix CommunityCollege
Grand CanyonCollege
Phoenix JuniorCollege
Phoenix JuniorCollege
Mesa CommunityCollege
Arizona StateCollege
ScottsdaleCommunityCollege
Glendale CommunityCollege
SouthwesternCollege
Central ArizonaCollege
MARICOPAPINAL
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TEMPE, ARIZONA
Tempe, Arizona is just east of Phoenix and is a city in Maricopa County, most famously known for being the location of the main campus of Arizona State University. The University is just 7.5 miles from the subject site.
STATE FARM’S MARINA HEIGHTS campus may be the most significant driver of downtown Tempe’s recent transformation. The ±2.1 million-square foot campus was completed in 2017 and is expected to bring ±8,000 employees to downtown. The Campus is just 8.9 miles from the subject site.
Tempe offers an inviting lifestyle for its residents: Strong employment opportunities, a talented and educated work force, a low cost of living and a community filled with family oriented activities, open space and both water and naturalist activities for the outdoor enthusiast.
The submarket features year-round events, arts, sports, retail, dining, hotels and more. Downtown also draws more than four million visitors annually.
MARICOPA COUNTY/PHOENIX METRO AREA
Maricopa County is largely comprised of the Phoenix metropolitan area, which consists mostly of the cities of Phoenix, Scottsdale, Tempe, Mesa, Chandler, Gilbert, and Glendale, Peoria and several other neighboring cities and towns.
t The county’s 4 million residents ranks fourth among the nation’s counties, and 12th largest metro area in the United States.
t The Phoenix-Mesa metro area is ranked the 6th most competitive metro area in America, according to Forbes, 2014.
t Maricopa County is Arizona’s most populous county, encompassing well more than half of the state’s residents.
t Maricopa County is currently home to 13 Fortune 1000 companies: Apple Inc., ON Semiconductor Corporation, Taylor Morrison Home Corporation, Swift Transportation Company, Amkor Technology, Inc., Republic Services, Inc., Insight Enterprises, Inc., Avnet, Apollo Group (which operates the University of Phoenix), Freeport-McMoRan, Sprouts Farmers Market, Inc., and PetSmart, Pinnacle West, and First Solar.
t Maricopa County’s population growth rate is highest amongst the 10 largest counties in America, growing at nearly 2%, making the county highest in annual population growth.
t Phoenix’s major airport is Sky Harbor International Airport. Serving more than 40 million passengers, making it one of the top ten busiest airports in the U.S. by passenger count.
Source: Gpec, Valley Metro, Phoenix Sky Harbor
LOCATION OVERVIEW
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Arizona State University—Tempe is a public institution that was founded in 1885. It has a total undergraduate enrollment of 42,427, its setting is urban, and the campus size is 661 acres. It utilizes a semester-based academic calendar. Arizona State University—Tempe’s ranking in the 2019 edition of Best Colleges is National Universities, 115.
Arizona State University—Tempe, which has one of the largest undergraduate populations in the nation, offers students a wide range of academic and extracurricular options. Collectively, the campuses in Tempe and three other locations in the Phoenix area offer students more than 300 undergraduate academic programs to pick from and more than 500 clubs and organizations to check out. For time away from Arizona, students can choose from more than 250 study abroad options. Freshmen are required to live on campus, unless they commute from a parent’s home, are married or fall under other exceptions. The Arizona State Sun Devils sports teams compete in the NCAA Division I Pac-12 Conference and are particularly known for their baseball prowess.
Arizona State also offers a wide range of highly ranked graduate programs through schools including the W. P. Carey School of Business, the Sandra Day O’Connor College of Law, the Ira A. Fulton Schools of Engineering and the Mary Lou Fulton Teachers College. Among the scores of notable people who have attended ASU are actor David Spade, talk show host Jimmy Kimmel and baseball star Barry Bonds.
ASU has been named the #1 school in the country for innovation by U.S. News & World Report for the last three years, ahead of #2 Stanford and #3 MIT, and the top U.S. public university for international students by the Institute of International Education. ASU’s Tempe campus offers hundreds of degree programs that engage undergraduates and graduates in multidisciplinary research and exploration in first-rate laboratories and facilities. Students pursue a wide range of majors including business, liberal arts, design, engineering, sustainability and the sciences. At ASU, students customize their college experiences by augmenting their classroom study with opportunities for research, study abroad, leading student clubs, volunteering and more. ASU emphasizes innovation and entrepreneurship -- here students can invent products or start ventures with the full guidance and support of the university. With an unrivaled commitment to sustainability, the Tempe campus is the most solar-powered of any in the U.S., exemplified by massive solar structures providing shaded walkways and parking across the campus. It also offers easy access to all of metropolitan Phoenix through public transit including light rail. The expanded fitness complex welcomes students to take a break from their studies and focus on their health, while the Sun Devil Athletics facilities, performing arts venues, including the Frank Lloyd Wright-designed ASU Gammage, museums and vibrant downtown Tempe location complement this diverse university environment.
ARIZONA STATE UNIVERSITY IN TEMPE, AZ
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7.6 Miles from ASU—Tempe Campus
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Y U M A
A P A C H E
C O C H I S E
C O C O N I N O
G I L A
G R A H A M
G R E E N L E E
M A R I C O P A
M O H A V E
N A V A J O
P I M A
P I N A L
S A N T A C R U Z
Y A V A P A I
L A P A Z
Bylas
Camp Verde
Cave Creek
Clarkdale
Dudleyville
Duncan
Fredonia
Gila Bend
Grand Canyon Village
Hayden
Huachuca City
Jerome
Lakeside
Lukachukai
Mammoth
Many Farms
Marana
McNary
Oro Valley
Patagonia
Pima
Pinetop
Pirtleville
Sacaton
San Luis
Sells
Springerville
Stargo
Sun Lakes
Taylor
Tombstone
Wellton
Winkelman
Yuma Proving Ground
Bagdad
Benson
Buckeye
Cashion
Catalina
Central Heights-Midland
Chinle
Chino Valley
Claypool
Clifton
Cottonwood
Eagar
El Mirage
Florence
Fort Defiance
Fountain Hills
Goodyear
Guadalupe
Kayenta
Kearny
Litchfield Park
Luke AFB
Miami
Morenci
Oracle
Page
Parker
Prescott Valley
San Carlos
Show Low
Snowflake St. Johns
Sun City West
Superior
Surprise
Thatcher
Tolleson
Tucson Estates
Whiteriver
Wickenburg
Willcox
Williams
Williams AFB
Window Rock
Youngtown
Ajo
Apache Junction
Avondale
Bisbee
Coolidge
Davis-Monthan AFB
Dreamland-Velda Rose
Eloy
GilbertGlobe
Green Valley
Holbrook
Kingman
Payson
Safford
San Manuel
Sedona
Somerton
South Tucson
Tuba City
Winslow
Bullhead City
Casa Grande
Douglas
Lake Havasu City
Nogales
Paradise Valley
Peoria
Prescott
Sierra Vista
Chandler
Flagstaff
Sun City
Yuma
MesaTempe
GlendaleScottsdale
Tucson
Phoenix
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180A
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186
188
260
260
260
264
264
264
277
279
389
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666
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70
70
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89
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89A
89A
89A
89A
93
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93
95
95
10
10
10
10
10
10
15
17
17
19
40
4040
40
40
88
88BR
LOCATION HIGHLIGHTS
Strong traffic counts contribute to high visibility
with over 76,315 VPD passing in front of Elliot &
South Priest Roads
Strategically located just off of the I-10
TEMPE, AZGOODWILL IN ELLICOTT PLAZA SHOPPING CENTER
Ease in access and frontage with 5 separate
ingress/egress points
The shop benefits from the 18.41 acre
shopping center
M A J O R E M P L O Y E R S : 2 0 1 7T E M P E , A Z
Arizona State University 11,185Maricopa Community Colleges 4,611SRP 4,374Safeway Inc 3,996Wells Fargo 3,576Freescale Semiconductor (Motorola) 3,000Honeywell 3,000Kyrene School District 2,401Chase Manhattan Corporation 2,377US Airways 2,377
12 Miles from Phoenix
17
* Estimated property boundary.
18
19
272,509Total Population Within 5-Mile Radius
$88,811Average Household Income
Within 5-Mile Radius
$65,777Median Household Income
Within 5-Mile Radius
1 0 6,9 6 0T o t a l H o u s e h o l d s i n 5 - M i l e R a d i u s
11.45% From 2000
DEMOGRAPHICS / TEMPE, AZ
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21
POPULATION 1 MILE 3 MILES 5 MILES2022 Projection
Total Population 10,296 114,992 275,8332017 Estimate
Total Population 10,321 113,466 272,5092010 Census
Total Population 9,554 104,619 252,3052000 Census
Total Population 8,309 105,681 254,773Current Daytime Population
2017 Estimate 15,609 143,884 428,690
HOUSEHOLDS 1 MILE 3 MILES 5 MILES2022 Projection
Total Households 4,715 47,815 110,4532017 Estimate
Total Households 4,627 46,413 106,960
Average (Mean) Household Size 2.15 2.39 2.472010 Census
Total Households 4,299 43,010 99,4272000 Census
Total Households 3,767 42,044 95,968Occupied Units
2022 Projection 4,715 47,815 110,4532017 Estimate 4,697 47,524 109,576
HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES2017 Estimate
$150,000 or More 4.28% 11.36% 12.01%
$100,000 - $149,000 10.08% 15.06% 16.47%$75,000 - $99,999 10.11% 13.26% 14.61%$50,000 - $74,999 24.39% 20.51% 19.80%$35,000 - $49,999 18.23% 14.81% 13.71%Under $35,000 32.90% 25.01% 23.42%
Average Household Income $61,400 $86,774 $88,811
Median Household Income $48,992 $61,714 $65,777
Per Capita Income $27,540 $35,565 $35,066
HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILESTotal Average Household Retail Expenditure $63,522 $77,852 $80,639
Consumer Expenditure Top 10 Categories Housing $17,015 $20,389 $21,067Transportation $10,922 $14,227 $14,844Shelter $10,272 $12,132 $12,524Food $6,566 $7,697 $7,938Personal Insurance and Pensions $5,870 $7,744 $8,158Health Care $3,672 $4,736 $4,915Utilities $3,507 $4,251 $4,393Entertainment $2,434 $3,100 $3,240Apparel $2,097 $2,562 $2,646Household Furnishings and Equipment $1,596 $2,051 $2,131
POPULATION PROFILE 1 MILE 3 MILES 5 MILESPopulation By Age
2017 Estimate Total Population 10,321 113,466 272,509Under 20 21.90% 23.42% 23.85%20 to 34 Years 37.02% 26.55% 26.67%35 to 39 Years 7.03% 6.68% 6.48%40 to 49 Years 10.40% 12.39% 12.53%50 to 64 Years 13.35% 19.79% 19.77%Age 65+ 10.32% 11.15% 10.73%Median Age 30.93 35.01 34.64
Population 25+ by Education Level2017 Estimate Population Age 25+ 6,982 77,729 182,335Elementary (0-8) 2.63% 2.75% 2.78%Some High School (9-11) 6.51% 5.42% 4.85%High School Graduate (12) 16.95% 17.24% 17.25%Some College (13-15) 26.36% 23.80% 24.24%Associate Degree Only 7.70% 8.39% 8.41%Bachelors Degree Only 23.91% 26.49% 26.11%Graduate Degree 15.51% 15.39% 15.81%
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TEMPEARIZONA
LIOR REGENSTREIFSENIOR MANAGING DIRECTOR INVESTMENTS
SENIOR DIRECTOR, NET LEASED PROPERTIES GROUPENCINO OFFICE
Tel: (818) 212-2730Fax: (818) 212-2710
[email protected]: CA 01267761