THE HUMAN BEAN Freddy’s Frozen Custard · FINANCIAL SUMMARY Price $2,636,300 Down Payment 100%...

Freddy’s Frozen CustardLakewood, CO

REPRESENTATICE

THE HUMAN BEAN1602 N SCOTTSDALE ROADTEMPE, AZ 85281

Offering Memorandum

REPRESENTATIVE PHOTO

AERIAL PHOTO THE HUMAN BEAN

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2013 Marcus & Millichap ACT ID Z0070501


2

MARINA HEIGHTS

523 UNITS

CAR VENDINGMACHINE

170 UNITS234 UNITS

N SCOTTSDALE RD42 ,400 CPD

AERIAL PHOTO

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THE HUMAN BEAN



Starbucks

100+ SHOPPING, DINING & ENTERTAINMENT

225+ STORES




4

N SCOTTSDALE RD

MARINA HEIGHTS

TEMPE TOWN LAKE

TEMPE CAMPUS

51,800+ STUDENTS

SUN DEVILFOOTBALLSTADIUM

EXECUTIVE SUMMARY


5

THE HUMAN BEAN

THE HUMAN BEAN1602 N Scottsdale RoadTempe, AZ 85281

FINANCIAL SUMMARY

Price $2,636,300

Down Payment 100% $2,636,300

Cap Rate 5.50%

Building SF 800 SF

Net Cash Flow 5.50% $145,000 (1)

Year Built 2019

Lot Size 0.73 Acres

TELECOMMUNICATIONS TOWER LEASE SUMMARY

Tenant Sun State Towers, LLC

Annual Rent $12,000

Lease Commencement Date July 23, 2018

Lease Expiration Date July 31, 2023

Lease Term 5 Years

Rental Increases 3% Annually

Renewal Options 5, 5 Year Options

BASE RENT $145,000

Net Operating Income $145,000

Total Return 5.50% $145,000

THE HUMAN BEAN LEASE SUMMARY

Lease Type Absolute Triple-Net (NNN) Lease

Tenant The Human Bean of Tempe-1, LLC

Lease Guarantor Personal Guarantees

Roof & Structure Tenant Responsible

Est. Lease Commencement Date March 1, 2020

Est. Lease Expiration Date March 1, 2030

Lease Term 10 Years

Rental Increases 10% Every 5 Years

Renewal Options 4, 5 Year Options

Right of First Refusal 10 Days

(1) Includes Cell Tower Income

AERIAL PHOTO

6

THE HUMAN BEAN



Starbucks

TENANT OVERVIEW

With a passion for creating happy people and a love of coffee, The Human Bean opened its first drive-thru espresso stand in Ashland, Oregon, in 1998. The demand for convenient, quality coffee & espresso grew and soon after opening the first loca-tion in Ashland, the company expanded to surrounding cities in Southern Oregon. The Human Bean quickly established a repu-tation for having friendly and experienced baristas and offering the highest quality ingredients.

The Human Bean has expanded to 80 locations in ten states, 67 of those being franchised locations and 13 being corporate locations.

FRANCHISEE OVERVIEW

The subject property on Scottsdale Rd will be the franchisee’s Fourth location in Arizona and Sixth total with two locations in Klamath Falls, Oregon. Additional locations have been signed in Tucson with more to come. This ownership group is the original franchisee with over 15 years’ experience with Human Bean.

The three other Arizona locations the Franchisee has are 2005

N 19th Ave in Phoenix, 29 S Power Rd in Mesa, and 6502 N

16th St in Phoenix.

WWW.THEHUMANBEAN.COM80+ LOCATIONS




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FRANCHISEE OVERVIEW

The subject property on 19th Avenue will be the franchisee’s third location in Arizona and fifth total with two locations in Klamath Falls, Oregon. Additional locations have been signed in Tucson, another one in Phoenix, and Tempe with more to come. This ownership group is the original franchisee with over 15 years’ experience with Human Bean.

Janet Sherrill is a 1/4th partner owner in The Human Bean of Arizona, Inc. She has extensive business and restaurant experience over the last 40+ years. Her and her late husband owned and operated Sherrill’s Volkswagen/Mazda/Porsche/Audi/Subaru in Klamath Falls, Oregon throughout the 1970’s. They sold out in the early 80’s and decided to change pace and get into the fast food busi-ness. They acquired the Arby’s Roast Beef restaurant in Klamath Falls in the mid 80’s and Janet managed and worked in the restaurant successfully for 28 years. They sold the restaurant business in 2015. The business was very successful for 28 years they owned it, and continues to do well to this day. Janet is also a partner in owning and operating Anytime Fitness in Klamath Falls, Or for the last 8 years with her son Brian Sherrill.

Brian has been a part owner of the Human Bean of Klamath Falls, Or (2 loca-tions) for the past 14 years. During this time he has been heavily involved with the daily operations of the business. Brian also worked for his parents (Terry and Janet Sherrill) in management in the Arby’s restaurant for 5 years during the mid 1990’s. He has also been a residential real estate appraiser for the last 14 years, and still works as an appraiser for his company, Klamath Appraisal, Inc. In addition to that, he has also owned and operated Anytime Fitness in Klam-ath Falls, Or for the last 7 years with his mother Janet Sherrill. Brian earned a Bachelor of Science in Business Administration from Southern Oregon University in 2000. Brian will be moving to Mesa, Arizona to run the new Human Bean in Mesa. He also enjoys working in youth sports, and has served as an assistant coach at Henley High School and Klamath Union High School, both located in Klamath Falls, Or. Brian also served on the board of directors for Klamath Basin Basketball Club.

With her brothers Brian and Gregg, Leslie has also been a part owner of the Human Bean of Klamath Falls, Or (2 locations) for the past 14 years. During this time she has been heavily involved with the daily operations of the business. She has done most of the scheduling over the last 14 years for both Human Bean locations, in addition to doing all the bookkeeping and payroll services for 14 years. In addition to the Human Bean, Leslie and her husband Dave have also owned and operated Wilkerson Construction in Klamath Falls for the last 10+ years.

Gregg has been a part owner of the Human Bean of Klamath Falls, Or (2 loca-tions) for the past 14 years. During this time he has been heavily involved with the daily operations of the business. Gregg managed the day to day operations and worked as a barista/manager for the first 10 years of operations. Gregg has now been a successful real estate broker in Klamath Falls for the last 4 years. He is still involved with the Human Bean on a daily basis. Prior to opening the Human Bean, Gregg worked for Les Schwab Tire center for 6 years, and for the State of Oregon DOT for 6 years. Gregg was also the president of the Klamath County Pop Warner youth football program from 2007-2014.

THE HUMAN BEAN OF PHOENIX

OWNER BIOGRAPHIES

JANET SHERRILL

BRIAN SHERRILL

LESLIE WILKERSON

GREG SHERRILL

AERIAL PHOTO

8

THE HUMAN BEAN



Starbucks

LOCATION OVERVIEWINVESTMENT HIGHLIGHTS• Brand New 10 Year Absolute Triple-Net (NNN) Lease – Multi Unit Franchisee

• Ten Percent Increases Every Five Years

• 2019 Construction with a Drive Thru – Rare Hard Corner on Scottdale Road

• Directly Off the Loop 202 Freeway (176,000+ Cars per Day), a Major Connector for the Phoenix Area

• 305,981 Residents in Tempe Trade Area – Phoenix MSA

• Minutes from Arizona State University’s Main Campus – 51,800+ Enrolled

• Additional Income from Cell Tower Lease

• Strong Daytime Population – 605,700+ Employees in 5-Mile Radius

• Close Proximity to Marina Heights – 5 Buildings Comprised of 2 Million SF of Office Space and 60,000 SF of Retail Space – Regional Hub for State Farm Insurance

• Excellent Visibility – 42,400+ Cars per Day Along N Scottsdale Road

• Down the Road from SkySong, Arizona State University’s Scottsdale Innovation Center

PROPERTY DESCRIPTION

Income 3-Miles 5-Miles 10-Miles

2017 Est. Average Household Income $53,821 $61,626 $73,805

2017 Est. Median Household Income $39,489 $42,642 $49,122

2017 Est. Per Capita Income $24,514 $26,530 $29,406

Population 3-Miles 5-Miles 10-Miles

2022 Projection 120,708 307,156 1,092,905

2017 Estimate 118,284 305,981 1,090,004

Households 3-Miles 5-Miles 10-Miles

2022 Projections 52,994 132,841 442,623

2017 Estimate 50,783 128,861 429,378

DEMOGRAPHICS

The subject property is situated on the border of two of the largest cities in the Phoenix MSA: Tempe and Scottsdale.

Home to Arizona State University – the largest public university in the United States – Tempe has a vibrant downtown that’s active day and night. Visitors will find locally-owned eateries and microbreweries, annual festivals, arts and cultural events.

While enjoying dynamic growth, the city has maintained its unique personality and style through a careful and masterful blending of the new with the old. Respecting its heritage and energetically planning for the future, Tempe is a wonderful mix of history and modern urban amenities. Tempe has a distinct identity as an emerging destination city, replete with all the offerings of a city rich in economics, technology, culture, tourism and educational resources. Tempe offers a blend of quality new developments, revitalization and redevelopment, prestigious institutions such as Arizona State University, and celebrated traditions. Tempe brings it all together – bright Arizona sun, rewarding places to work, diverse cultures, a myriad of recreational opportunities, the best in entertainment and an unparalleled Southwestern lifestyle.

Scottsdale is known as “the West’s most Western town” and was described in the New York Times as “a desert version of Miami’s South Beach.” The tourism industry is Scottsdale’s primary employer, accounting for 39% of the city’s workforce. Scottsdale is home to one of the most visited malls in the country, Scottsdale Fashion Square, as well as the San Francisco Giants Training Center and SkySong. SkySong is Arizona State University’s (ASU) 1.2 million SF mixed-use development located on a 42-acre campus in Scottsdale, three miles from ASU’s Tempe campus. SkySong is home to a diverse business community that links technology, research, education and entrepreneurship to position ASU and Greater Phoenix as global leaders in the knowledge economy.




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SITE PLAN

NEW 3' HIGH MASONRY WALLTO MATCH BUILDING

LANDSCAPE445 S.F.

EXISTING DRIVEWAY CURBINGTO BE REMOVEDAS SHOWN

EXISTING MONUMENT SIGNAGERENOVATED BY OTHERS -UNDERSEPARATE PERMIT

EXISTING 3' HIGHSITE WALL TO REMAIN

PER CITY OF TEMPESTANDARD DETAILDS-116

10'-11"

51'-0

"

5'-0

"

13'-4"

8'-8"

20'-0"

23'-0"

20'-0

"

54'-3

"

35'-1"

CO

NC

.D

RIV

E

23'-0"

40'-0

"

50'-11"

32'-0"

6'-0"

6'-3

"

REFUSE SCREENING8' HIGH STUCCO ON CMU

10' R.

TWO WAY DRIVE

NEW 'ONE WAY DRIVE'DIRECTIONAL SIGNAGE

30" x 60" TACTILEWARNING

CA

NO

PY32

4 S.

F.

NEW 5'CONCRETE SIDEWALK

RETENTION BASIN67% MAX. /FRONTAGE

3,464 S.F. ALLOWED

ADJACENT PARCELAPN: 132-71-118C

ZONING : R-4

LANDSCAPESETBACK

CONC. APRON - 12' x 25'

LAN

DSC

APE

SETB

AC

K

BUILDING SETBACK

AD

JAC

ENT

PAR

CEL

APN

: 132

-71-

114

ZON

ING

: R

1-6

AD

JAC

ENT

PAR

CEL

APN

: 132

-71-

115

ZON

ING

: R

1-6

EXIS

TIN

G D

RIV

EWA

Y A

CC

ESS

TO R

EMA

IN

EXISTING DRIVEWAY ACCESS

TO REMAIN

NEW DRIVEWAY

EXISTING DRIVEWAY TORELOCATE AS SHOWN

FUTURE VERIZONENCLOSURE25'-0"x42'-0"

EXIS

TIN

G A

LLEY


EXISTINGCURB/GUTTER &SIDEWALK TO REMAIN

6' R.

S.V.T.S.V.T.

S.V

.T.

S.V

.T.


NEW'STREET FRONTAGE TREES'SPACED at 30'-0" O.C. MAX

NEW'RESIDENTIAL BUFFER TREES'SPACED at 20'-0" O.C. MAX

EXIS

TIN

G M

ASO

NR

YB

UFF

ER W

ALL

TO R

EMA

IN

ASPHALT PAVINGSEE CIVIL

OU

TDO

OR

DIN

ING

284

S.F.

- 16

SEA

TS

P/U DRIVE UP

NEW BUILDING18'x46'828 S.F.

<16'-0">ACCESSIBLE PARKING

NEW

BU

ILD

ING

SET

BA

CK

PARCEL 1 - 31,800 SFAPN: 132-71-118B

ZONING : CSS

23'-0"TWO WAY

DRIVE

31'-9

"

BU

ILD

ING

SET

BA

CK

50'-4

"

LANDSCAPE OPEN SPACE3,201 S.F.

WA

LK-U

P O

RD

ER26

0 S.

F. C

OV

ERED

RA

MP

RA

MP

PLANTER478 S.F.

PLANTER

INTERIOR LOT LANDSCAPING

5,821 S.F.LANDSCAPE PROVIDED

31,800 x .15 = 4,770 S.F. (MIN. REQ'D)INTERIOR LANDSCAPING - 15% NET LOT AREA

LANDSCAPE FRONTAGE4,885 S.F. / 5,330 S.F. TOTAL

LANDSCAPEBUFFER683 S.F.

PLANTER1,003 S.F.

7

7

24' R.

12' R.

STAFFENTRY

CONC. MEDIANNOSE TRANSITIONMAG STD. 223

6" VERT. CURBMAG STD. 222A

NEW 'ONE WAY DRIVE'DIRECTIONAL SIGNAGE

NEW 'DRIVE-THRU'DIRECTIONAL SIGNAGE

SES

TWO W

AYDRIVE

PRIVATEREFUSE

ENCLOSURE12'-0"x8'-0"

PER TEMPE CASENO. PL1T02TT

2'-6"

200' STACKINGLENGTH

11'-6"QUEUE

7'-0

"

12'-0"

QU

EUE

LAN

E 1

DRIVE-THRULANE

11'-6

"

32' R.

106' STACKINGLENGTH

23'-0

"C

OM

BIN

ED D

RIV

EWA

Y

11'-6

"Q

UEU

ELA

NE

2

12'-0

"D

RIV

E-TH

RU

LAN

E

DIRECTIONAL SIGNAGE

BICYCLE PARKING(2 SPACES) MIN.

TYPICAL PARKING SPACE9'-0"W. x 18'-0" L.

18'-0

"

9'-6"

24'-0

"TW

O W

AY

DR

IVE

68'-0"

VER

IZO

N T

OW

ER15

'-3"

72" DIA. CONCRETETOWER BASE

DR

IVE

OFF

SET

19'-0

"

AS101

AR

CH

ITEC

TUR

E

IN

TER

IOR

S

P

LAN

NIN

G

P

RO

JEC

T M

AN

AG

EMEN

T

RO

SSD

ESIG

N G

RO

UP

L.L.

C.

4342

N C

IVIC

CEN

TER

PLA

ZASC

OTT

SDA

LE, A

RIZ

ON

A 8

5251

PH. (

480)

-947

-968

5 F

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(480

) 429

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7w

ww

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TH

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1602

N. S

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AD

TEM

PE, A

Z 85

281

ARCHIVE:

DRAWN BY:

CHECKED:

DATE:

SCALE:AS SHOWN

STAFF

DAVID ROSS

04-11-2018

SHEET N0.

PRE-APPREVIEW

PRELIMIN

ARY

NOT FOR CONSTRUCTIO

N

DRAFT 04.11

.18

E

N

S

WSCALE: 1" = 10'-0"

DEVELOPMENT SITE PLAN - DD6

VICINITY MAP

04.11.18

E. MCKELLIPS ST

202 FWY

SITE

1. PROVIDE ACCESSIBLE ROUTE FROM R.O.W. AND ACCESSIBLEPARKING TO WALK UP SERVICE WINDOWAND RESTROOM WITHIN.

2. PROVIDE ALTERNATIVE PAVING WITHIN PARKING LOT.3. INCLUDE ACCESSIBLE PATH AS INDICATED ON SITE PLAN.4. PASSAGEWAYS THRU BUILDING, DOORS, DOOR HARDWARE AND

RESTROOM FACILITIES SHALL CONFORM TO THE REQUIREMENTS OFARIZONA REVISED STATUTES, SECTIONS 34-401 THRU 34-411.

5. CURB RAMP TO COMPLY WITH ANSI A117.1 SEC 4.7

ACCESSIBILITY KEYNOTES

N. M

ILLE

R D

R

E. WEBER DR

MILL AVE

E. CURRY RD

N COLLEGE AVE

N. S

CO

TTSD

ALE

RD

E. HANCOCK DR

NOTE:LANDSCAPE PLAN IS CONCEPTUAL. ACTUAL LOCATIONS TO BE VERIFIED AND APPROVED BY OWNER / ARCHITECT.GENERAL CONTRACTOR TO COORDINATE NEW PLANTINGS WITH EXISTING IRRIGATIONS SYSTEM ALREADY IN PLACE.

20100

B OCCUPANCY = 11 OCC.

1. DEVELOPMENT AND USE OF THIS SITE WILL CONFORM WITHALL APPLICABLE CODES AND ORDINANCES.

2. THIS PROJECT IS LOCATED IN THE CITY OF TEMPE WATERSERVICE AREA AND HAS BEEN DESIGNATED AS HAVING ANASSURED WATER SUPPLY.

3. ALL NEW OR RELOCATED UTILITIES WILL BE PLACEDUNDERGROUND.

4. ALL SIGNAGE REQUIRES SEPARATE APPROVALS ANDPERMITS.

5. ANY LIGHTING WILL BE PLACED SO AS TO DIRECT LIGHTAWAY FROM THE ADJACENT RESIDENTIAL DISTRICTS ANDWILL NOT EXCEED ONE FOOT CANDLE AT THE PROPERTY LINE.NO NOISE, ODOR OR VIBRATION WILL BE EMITTED SO THAT ITEXCEEDS THE GENERAL LEVEL OF NOISE, ODOR OR VIBRATIONEMITTED BY USES OUTSIDE THE SITE.

6. OWNERS OF THE PROPERTY ADJACENT TO PUBLIC RIGHT OFWAY WILL HAVE THE RESPONSIBILITY FOR MAINTAINING ALLLANDSCAPING WITHIN THE RIGHTS-OF-WAY IN ACCORDANCEWITH APPROVED PLANS.

OVERHANGS:

1,412AREA UNDER ROOF:

6502 N 16TH ST LLCCHRISTOPHER L WALTON6502 N 16TH STPHOENIX AZ 85016

CLIENT:

1602 N SCOTTSDALE RDTEMPE AZ 85281

PROJECT ADDRESS:

132-71-118BAPN:

CSSZONING:VB - SPRINKLEREDCONSTRUCTION TYPE:B - BUSINESSOCCUPANCY:YESFIRE EXTINGUISHER:

BUILDING DATA:BUILDING SF:

SF TOTAL260 SF COVERED SIDEWALK324 SF DRIVE - THRU584 SF TOTAL _828 SF TOTAL

BUILDING HEIGHT: 20'-0" A.F.F. / 35'-0" ALLOWED

BUILDING AREA:

SITE DATA:LOT SIZE:

828 SF RESTAURANT31,800 SF NET

1,050 SF (FUTURE VERIZON)

CAVALIER HILLS UNIT 2 MCRBOOK 90 OF MAPS, PAGE 44

LEGAL:

10 / 1N / 4ES/T/R:

1,878 SF (FUTURE TOTAL)LOT COVERAGE: 2.6% THIS PROJECT

5.9% (FUTURE VERIZON)LANDSCAPE AREA: 5,330 SF FRONTAGE

5,821 SF INTERIOR LOT11,151 SF TOTAL

LANDSCAPE PERCENT: 35% OF NET LOT11,151 SF / 31,800

REQUIRED SETBACKS:FRONT: 0'-0" / 20'-0" PARKINGSIDE: 0'-0" BUILDING WALL

0'-0" COMMON WALLREAR: 10'-0" BUILDING WALLSTREET SIDE: 0'-0" / 20'-0" PARKING

PARKING REQUIREMENTS:RESTAURANT:

C.O.T. SEC 4.203A (CSS)

C.O.T. SEC 4.603E

OUTDOOR DINING: 284 SF < 300TAKE OUT: 828 SF / 150

= 0 SPACES= 6 SPACES

TOTAL PARKING REQUIRED: _= 6 SPACES

PARKING PROVIDED: _= 14 SPACESMAX PARKING ALLOWED: 6 SP x1.25 = 6.9 SPACES

BICYCLE PARKING REQUIRED:RESTAURANT:

OUTDOOR DINING:TAKE OUT:

284 SF < 300 = 0 SPACES828 SF /2000 = 1 SPACE

REQUIRED: _= 1 SPACEPROVIDED: = 2 SPACES

(2'-0" W. x 6'-0" L.)

STALL SIZE PROVIDED: (9'-0" W. x 18'-0" L.)

EXITS:1 PROVIDED1 REQUIRED

TOILETS ROOMS:1 PROVIDED1 UNISEX TOILET REQ'D.

OCCUPANTS:USE PERMITS REQUESTED: DRIVE-THRU PERMIT

OUTDOOR DINING(PER CASE NO. PL1T02TT) CELL TOWER

ACCESSIBLE PARKING: _= 1 SPACEPROVIDED:

IBC TABLE 1106.1

PROJECT DESCRIPTION

PROJECT DATA

CITY OF TEMPE PLAN NOTES

AERIAL PHOTO

10

THE HUMAN BEAN



Starbucks

LOCAL MAP

Williams-Sonoma

MAP

2 MILESArizona State

University

4 MILEScottsdale

Fashion Square

11 MILESDowntown

Phoenix

6 MILESPhoenix Sky HarborInternational Airport

Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows:

By accepting this Marketing Brochure, you agree to treat the information contained herein regarding the lease terms as confidential and proprietary and to only use such information to evaluate a potential purchase of this net leased property.

The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus & Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a care-ful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and finan-cial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed fa-cilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be inter-rupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s legal ability to make alternate use of the property.

Net Leased Disclaimer

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 Marcus & Millichap and it should not be made available to any other person or entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Marcus & Millichap.

This offering memorandum has been prepared to provide summary, unverified financial and physical 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, PCBs or asbestos, the compliance with local, 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, 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. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

Confidentiality Agreement

exclusively listedMARK RUBLESenior Managing DirectorPHOENIX OFFICETel: (602) 687-6766Fax: (602) [email protected]

Exclusively listed by:

OFFICES NATIONWIDEwww.marcusmillichap.com

JAMIE MEDRESSExecutive Managing DirectorPHOENIX OFFICETel: (602) 687-6778Fax: (602) [email protected]

CHRIS LINDFirst Vice PresidentPHOENIX OFFICETel: (602) 687-6780Fax: (602) [email protected]

THE HUMAN BEAN Freddy’s Frozen Custard · FINANCIAL SUMMARY Price $2,636,300 Down Payment 100%...

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