investment opportunity big 5 sporting goods · universities. arizona state university is a top...

BIG 5 SPORTING GOODSCORPORATE LEASE

I N V EST M E N T O P P O RT U N I T Y

LAKE HAVASU CITY, AZ

OFFERED AT: $2,712,000 | 6.75% CAP

Actual Property

EXECUTIVE SUMMARY PROPERTY INFORMATION AREA OVERVIEWTENANT OVERVIEW

BIG 5 SPORTING GOODS | Lake Havasu City, AZ | 2

TABLE OF CONTENTS

4 Executive Summary5 Investment Highlights6 Lease Summary & Rent Overview7 Lease Abstract

EXECUTIVE SUMMARY

9 Location Maps10 Site Plan11 Property Photos12 Aerials

PROPERTY INFORMATION

20 Lake Havasu Overview21 Demographics

Confidentiality Agreement & Disclosures

AREA OVERVIEW

Color Scheme

Fonts

GOTHAM/ BLACKGOTHAM/ MEDIUMGOTHAM/ LIGHT

CMYK C:0 / M:100 / Y:65 / K:47

RGB R:145 / G:0 / B:40

CMYK C:0 / M:0 / Y:0 / K65

RGB R:119 / G:120 / B:123

RYAN BARR | Principal760.448.2446

[email protected]#01338994

RYAN BENNETT | Principal760.448.2449

[email protected]#01826517

EXCLUSIVELY REPRESENTED BY

18 About Big 5 Sporting Goods

TENANT OVERVIEW

JAN FINCHAM | Principal602.954.3754

[email protected]

BROKER OF RECORDLee & Associates Arizona Commercial RE Services, LLC

AZ Lic# BR017922000

EXECUTIVE SUMMARYBIG 5 SPORTING GOODS





PROPERTY OVERVIEWAddress: 251 Lake Havasu Ave

Lake Havasu City, AZProperty Size: Approx 10,680 Sq. Ft.

Land Size: Approx 34,000 SF

Ownership: Fee Simple (Land & Building)

Year Built: 1999

INVESTMENT HIGHLIGHTSOffering Price: $2,712,000Net Operating Income: $183,013Cap Rate: 6.75%Price/SF: $253Lease Type: NNLease Commencement: February 1, 1999

Lee & Associates is pleased to exclusively offer to qualified investors, the fee simple interest sale (land & building) in a retail investment property leased to Big 5 Sporting Goods (Corporate) located in Lake Havasu City, AZ (the “Property”). The property consists of a 10,680-square-foot retail building that sits on an approximately 34,000-square foot parcel.

The subject property is leased to Big 5 Sporting Goods (corporate lease), one of America’s top retailers of name brand sporting goods and accessories. As of January 1, 2017, Big 5 had 433 locations spread throughout 11 western states. The lease features 10% rent increases every five years, providing an investor with a stable tenant and excellent rent growth.

Big 5 has successfully operated at this location since early 1999, and has extended their lease multiple times, reflecting their commitment to this site. Big 5 is the only national sporting goods retailer in Lake Havasu City, assuring an investor of the tenant’s profitability and future longevity at this location.

The subject property is located along Lake Havasu Ave with signage along Highway 95, the main artery through town and the only major access in/out of Lake Havasu City. This corridor is heavily trafficked by commuters and tourists, seeing over 30,000 cars per day. The location along this thoroughfare provides outstanding retail synergy with neighboring retailers such as O’Reilly Auto Parts, UPS Store, Starbucks, Chipotle, AutoZone, Anytime Fitness, Walgreens, Safeway, Denny’s, Chevron, Burger King, In-N-Out Burger, and many more.

The subject property is located in Lake Havasu City, one of the premier vacation spots in Arizona, seeing 775,000 visitors per year. With more than 60 miles of navigable waterways and no speed or size restrictions for boats, Lake Havasu is considered the boating capital of the Southwest, drawing boaters from Southern California, Las Vegas and Phoenix, AZ.

Arizona State University Colleges at Lake Havasu City is ASU’s newest location, open since 2012. ASU at Lake Havasu focuses exclusively on instruction for high-demand undergraduate degrees with lower tuition than at Arizona’s research universities. Arizona State University is a top ranked research university in the greater Phoenix metropolitan area.

Featured in the “Best Places to Retire” lists in Money Magazine, Portfolio.com, TIME magazine, the Retirement Living Information Center and other national publications, Lake Havasu City offers an outstanding retirement community. The area boasts 300+ days of sunshine, numerous golf courses, a low cost of living, and proximity to nearby hiking and off-roading destinations, making it an ideal year-round retirement destination.

-- OFFERING SUMMARY --

• Offering Summary • Investment Highlights Lease AbstractLease Summary & Rent Schedule



-- INVESTMENT HIGHLIGHTS --

BIG 5 SPORTING GOODS: STRONG NATIONAL TENANT • DESIRABLE CORPORATE LEASE GUARANTY • RENT GROWTHThe subject property is leased by Big 5 Sporting Goods and offers a strong corporate guaranty from one of America’s top retailers of name brand sporting goods and accessories. As of January 1, 2017, Big 5 had 433 locations spread throughout 11 western states. The lease features 10% rent increases every five years, providing an investor with a stable tenant and excellent rent growth.

DOMINANT SPORTING GOODS RETAILER IN THE REGION • HIGHLY PROFITABLE LOCATION • VERY LIMITED COMPETITIONBig 5 is the only national sporting goods retailer in Lake Havasu City, assuring an investor of the tenant’s profitability and future longevity at this location. 19+ YEAR SUCCESSFUL OPERATING HISTORY • COMMITMENT TO SITE • TENANT HAS EXERCISED MULTIPLE EXTENSIONSBig 5 has successfully operated at this location since early 1999, and has extended their lease multiple times, reflecting their commitment and assumed profitably at this location.

IDEAL REAL ESTATE LOCATION ON MAJOR COMMUTER/TOURIST CORRIDOR IN/OUT OF LAKE HAVASU • EXCELLENT VISIBILITY & SIGNAGE • STRONG RETAIL SYNERGY WITHIN TRADE AREAThe subject property is located along Lake Havasu Ave with signage along Highway 95, the main artery through town and the only major access in/out of Lake Havasu City. This corridor is heavily trafficked by commuters and tourists, seeing over 30,000 cars per day. The location along this thoroughfare provides outstanding retail synergy with neighboring retailers such as O’Reilly Auto Parts, UPS Store, Starbucks, Chipotle, AutoZone, Anytime Fitness, Walgreens, Safeway, Denny’s, Chevron, Burger King, In-N-Out Burger, and many more.

BLOCKS FROM THE COLORADO RIVER • QUICK ACCESS TO MARINA, GOLF, CAMPING DESTINATIONS • STRONG CUSTOMER DRAWThe subject property is situated just a few blocks from the Colorado River, and is quickly accessed from the marina and nearby lodging resorts. Its proximity to outdoor recreation such as golf, boating, hiking trails, and campgrounds provides a strong customer draw to the location, supporting its success.

LOCATED IN LAKE HAVASU CITY • PREMIER TOURIST DESTINATION • HOME OF ASU CAMPUS • BEST PLACE TO RETIREThe subject property is located in Lake Havasu City, one of the premier vacation spots in Arizona, seeing 775,000 visitors per year. With more than 60 miles of navigable waterways and no speed or size restrictions for boats, Lake Havasu is considered the boating capital of the Southwest, drawing boaters from Southern California, Las Vegas and Phoenix, AZ.Arizona State University College at Lake Havasu City is ASU’s newest location, open since 2012. ASU at Lake Havasu focuses exclusively on instruction for high-demand undergraduate degrees with lower tuition than at Arizona’s research universities. Arizona State University is a top ranked research university in the greater Phoenix metropolitan area.

Featured in the “Best Places to Retire” lists in Money Magazine, Portfolio.com, TIME magazine, the Retirement Living Information Center and other national publications, Lake Havasu City offers an outstanding retirement community. The area boasts 300+ days of sunshine, numerous golf courses, a low cost of living, and proximity to nearby hiking and off-roading destinations, making it an ideal year-round retirement destination.

Offering Summary • Investment Highlights • Lease AbstractLease Summary & Rent Schedule



-- LEASE SUMMARY --

LEASE INFORMATION

TENANT: Big 5 Sporting Goods (Corporate)

BUILDING SIZE: 10,680 Sq. Ft.

LOT SIZE: 34,000 SF

RENT COMMENCEMENT: February 1, 1999

LEASE EXPIRATION: January 31, 2024 (Exercised 2nd Option)

BASE LEASE TERM: 15 Years (5.5 Years Remaining)

RENEWAL OPTIONS: (2) 5-Year Options

LEASE TYPE: NN

LANDLORD RESPONSIBILITIES: Roof, Structure, Foundation

RENT INCREASES: 10% Increases Every 5 Years in Primary Term & Options

ANNUAL RENT: $183,013

-- RENT SCHEDULE --

RENT SCHEDULE

TERM START DATE END DATE NOI/YR NOI/MO NOI/SF/YR

Current Term 2/1/2014 1/31/2019 $166,375.00 $13,864.58 $15.58

2nd Option 2/1/2019 1/31/2024 $183,013.00 $15,251.08 $17.13

Offering Summary Investment Highlights Lease Abstract• Lease Summary & Rent Schedule •

OPTION PERIODS - (2) 5-Year Options

TERM START DATE END DATE NOI/YR NOI/MO NOI/SF/YR

Option 3 2/1/2024 1/31/2029 $201,314.00 $16,776.17 $18.85

Option 4 2/1/2029 1/31/2034 $221,445.00 $18,453.75 $20.73



-- LEASE ABSTRACT --

Offering Summary • Lease Abstract •Lease Summary & Rent ScheduleInvestment Highlights

Property Taxes:Lessee shall pay prior to delinquency the amount of any real property taxes and real property assessments assessed on the Premises for each fiscal tax year or portion thereof (including special assessments for off-site public improvements that are not specific to the Premises, which also benefit adjacent properties, but excluding any assessments for any on-site or off-site improvements, site acquisition, sewer or street improvements that are assessed in connection with the development or acquisition of the Premises).

Insurance:

Lessee shall maintain a commercial general liability insurance policy or policies for liability for loss of life, bodily injury to persons, personal injury and damage to property occurring in or about the Premises, excluding any such liability arising out of the negligence or willful acts or omissions of Lessor or its agents, contractors or employees. Said insurance policy shall be in an amount of not less than a combined single limit liability of $2,000,000.Lessee shall maintain fire insurance with an extended coverage endorsement, including sprinkler damage coverage, in the amount of not less than 100% of the full replacement cost of hte Premises and Lessor’s improvements, fixtures and equipment on the Premises exclusive of the value of excavations, underground utilities, foundations and footings.

Utilities: Lessee covenants to pay during the term hereof all separately metered electric, water, sanitary and storm sewer, gas and other public utility charges in connection with its occupancy and use of the Premises.

Landlord Maintenance & Repairs: Lessor shall maintain in good condition and repair the roof (including the skylights and trap doors, but excluding repairs required of Lessee under Paragraph 8 .1 above), gutters, down-spouts, floor slab, exterior walls (excluding the painting and patching thereof), foundation, footings and all structural portions (both interior and exterior) of the Premises.

Tenant Maintenance & Repairs:

Lessee shall keep the following elements of the Premises in good condition and repair, except for obsolescence, ordinary physical depreciation, ordinary wear and tear, and except for such repairs as Lessor is required to make under this Lease: (a) interior, non-structural elements, including interior plumbing, electrical, heating, ventilating and air conditioning systems, and doors, windows, and security grills, and (b) exterior non-structural elements, including the windows, doors and storefront, and including the heating, ventilating and air conditioning units servicing the Premises and including exterior painting and patching, but not including repair, maintenance or replacement of the roof, gutters or downspouts (provided, however, Lessee shall be responsible for repairing any damage to the roof caused by Lessee in installing, maintaining or repairing its signs or satellite dish or in performing its other maintenance and repair obligations hereunder), and (c) subject to Paragraph 8.2 below, Lessee shall also keep the sidewalk areas, parking areas and landscaped areas located outside the exterior walls of the building located on the Premises in good condition and repair, including in the case of the sidewalk areas and parking areas, free of snow and ice, with proper sealing coats and resurfacing when necessary, and restriping and replacement of damaged parking bumpers, but not including the original construction thereof or repaving thereof if such becomes necessary despite the regular maintenance and repair required to be done by Lessee.

Estoppel Certificate:From time to time (but not more than twice in any calendar year) upon no less than thirty (30) days prior written notice which shall be accompanied by a form of estoppel statement, each party shall execute, acknowledge and deliver to the other a statement in writing certifying that this Lease is unmodified (except for any amendments) and in full force and effect, setting forth the date of termination of the term of this Lease, the then currently scheduled monthly rent payable under the Lease.

Tenant Financials: Lessee shall, within ten (10) days of notice from Lessor, deliver to any lender or prospective lender to Lessor, or any prospective purchase of the Premises from Lessor, Lessee’s then current financial statements.

Representative Photo

PROPERTY INFORMATIONBIG 5 SPORTING GOODS



EXECUTIVE SUMMARY PROPERTY INFORMATION AREA OVERVIEW


TENANT OVERVIEW

-- LOCATION MAPS --

• Location Maps • AerialsSite Plan

Los AngelesIslander Resort

Havasu RegionalMedical Center

Henderson

Phoenix

Yuma

Riverside

Las Vegas

San Diego

DEATH VALLEYNATIONAL PARK

Tucson

Sam’s BeachcomberRV Resort

The NauticalBeachfront Resort

Crazy HorseCampgrounds

ASU Colleges atLake Havasu City

Lake Havasu CityAquatic Center

Lake Havasu City

Property Photos

Flagstaff

GRAND CANYONNATIONAL PARK

MOJAVENATIONAL PRESERVE

PRESCOTTNATIONAL FOREST

Barstow



TENANT OVERVIEW

-- SITE PLAN --

Location Maps Aerials• Site Plan • Property Photos

LAKE HAVASU AVE

95

N



TENANT OVERVIEW

-- PROPERTY PHOTOS --

Location Maps AerialsSite Plan • Property Photos •



TENANT OVERVIEW

ACCESS

• Aerials •

-- OVERHEAD VIEW --

LAKE HAVASU AVE

Location Maps Property PhotosSite Plan



TENANT OVERVIEW

-- LOOKING NORTH --

XANADU CONDO RESORT

DARK KMART

LONDON BRIDGELAKE HAVASU AVE

LAKE HAVASU AVE SWANSON AVE

SWANSON AVE

MCCULLOCH BLVD

MCCULLOCH BLVD

MCCULLOCH BLVD

LAKE

HAV

ASU

AVE

BRIDGEWATER LINKS

LAKE HAVASU CITYVISITOR CENTER

QUEENS BAY RESORT CONDOMINIUMS

MOHAVE COUNTYLIBRARY

HAVASU REGIONALMEDICAL CENTER

DOWNTOWNSTORAGE

MESQUITE AVE

LONDON B

RIDGE R

D

HAVASU REGIONALHOME HEALTH

BRIARWOODAPARTMENTS

SHOWPLACE FASHION

FURNITURE

LAKEVIEW TERRACE RETIREMENT COMMUNITY

STERILITE CORPORATION

SUPERIORSTORAGE

STERILITE CORPORATION

CANYON COUNTRY TRUCK AUTO & RV

HAV-A-STORAGE

WINDSOR BEACH STORAGE

LONDON BRIDGE MINI STORAGE

PARADISE WILD WAVE BOAT RENTALS

SHIMMER MARINE

ARIZONA WATERSPORTS

LONDON BRIDGE RD

CASA SERRANO RESTAURANT

• Aerials •Location Maps Property PhotosSite Plan



TENANT OVERVIEW

-- LOOKING EAST --

BRIDGEWATER LINKS

LAKE HAVASU AVE

SWANSON AVE

MCCULLOCH BLVD

LAKE HAVASU AVE

LAKE HAVASU AVE

SWANSON AVE

SWANSON AVE

S SMOKETREE AVE

S SMOKETREE AVE

S SMOKETREE AVE

XANADU CONDO RESORT


CASA SERRANO RESTAURANT

PARKS & RECREATION DEPARTMENT

LAKE HAVASU CITYAQUATIC CENTER

INNOVATVE HEALTH & WELLNESS CENTER

MOHAVE COUNTYLIBRARY

DARK KMART

LAKE HAVASUGOLF CLUB

HAVASU CITYPOLICE DEPT LAKE HAVASU

CITY HALL

MESQUITE AVE

MCCULLOCH BLVD

US VETERANSAFFAIRS DEPT CASA BLANCA

APARTMENTSPRESTIGE

ASSISTED LIVING

ARIZONA STATE UNIVERSITY - LAKE HAVASU CAMPUS

OUR LADY OF THE LAKE ROMAN CATHOLIC PARISH

CYPRESS PARK WASTEWATER TREATMENT PLANT

LOS LAGOS VISTAS CONDOMINIUMS



HIDDEN PALMS RESORT CONDOMINIUMS

VISTA WESTVILLAS




TENANT OVERVIEW

-- LOOKING SOUTH --

SWANSON AVE

LAKE HAVASU AVE

LAKE HAVASU AVE

LAKE HAVASU AVE

SWANSON AVE

MCCULLOCH BLVD

S SMOKETREE AVE

Thompson Bay

Colorado River

Colorado River

BRIDGEWATER LINKS


CASA SERRANO RESTAURANTXANADU CONDO

RESORT


LAKE HAVASU CITYAQUATIC CENTER INNOVATVE HEALTH &

WELLNESS CENTER

ROTARY COMMUNITY PARK

VISTA WESTVILLAS



TINNELL MEMORIAL SKATEPARK

LAKE HAVASUMARINA




TENANT OVERVIEW

-- LOOKING WEST --HAVASU LAKE

SWANSON AVE

LAKE HAVASU AVE

SWANSON AVE

MCCULLOCH BLVD

S SMOKETREE AVE

LAKE HAVASU AVE

MCCULLOCH BLVD

BRIDGEWATER LINKS QUEENS BAY RESORT CONDOMINIUMS

ROTARY COMMUNITY PARKTINNELL

MEMORIAL SKATEPARK

LAKE HAVASUMARINA

LONDON BRIDGE

ISLANDGOLF CLUB

BEACHCOMBER ESTATES

CRAZY HORSECAMPGROUNDS

Thompson Bay

Colorado River Colorado River

XANADU CONDO RESORT




LAKE HAVASU CITYAQUATIC CENTER

INNOVATVE HEALTH & WELLNESS CENTER

LAKE HAVASUVACATION RENTAL

THE ISLES




TENANT OVERVIEWBIG 5 SPORTING GOODS





• About Big 5 Sporting Goods •

-- ABOUT BIG 5 --

Big 5 Sporting Goods is one of America’s top retailers of name brand sporting goods and accessories. As of May 10, 2018, Big 5 operated 435 locations across 11 western states. Big 5 Sporting Goods provides a full-line product offering in a traditional sporting goods store format that averages approximately 11,000 square feet. Their product mix includes athletic shoes,

apparel and accessories, as well as a broad selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf,winter and summer recreation and roller sports.

Big 5 was founded in September 1955 by Maurie I. Liff, Harry A. Liff and Robert W. Miller, father of current Chief Executive Officer (CEO) Steven G. Miller. The Company originally operated five stores in downtown Los Angeles, Burbank, Inglewood, Glendale, and San Jose, California under the trade name “Big 5 Stores.”

In the company’s early years, Big 5 concentrated on World War II army surplus items, as well as tents and air mattresses the Company manufactured itself, plus assorted house wares and hand tools. From the earliest days of the chain Big 5 used print advertisements. Consistently advertising on the back page of the main news section of the Los Angeles Times, our customers grew accustomed to looking there for weekly specials. Sporting goods soon became part of the product mix, a natural for the highly active population of Southern California. In fact, sports merchandise became so popular that management decided to specialize in it, and in December, of 1963 we changed our trade name to “Big 5 Sporting Goods.”

BIG 5 SPORTING GOODS STORE LOCATIONS


AREA OVERVIEWBIG 5 SPORTING GOODS





-- LAKE HAVASU CITY --

Demographics• Lake Havasu Overview •

Lake Havasu City is a city in Mohave County, Arizona, United States. According to 2010 census, the population of the town is 52,527 people. It is served by Lake Havasu City Airport. Lake Havasu City is geographically isolated from the other cities in Mohave County and is the southernmost community of the Las Vegas–Henderson, NV–AZ combined statistical area.Lake Havasu City is home to numerous seasonal events. The city is home to the International World Jet Ski Final Races, multiple professional fishing tournaments, custom boat regattas, the Western Winter Blast pyrotechnics convention, Havasu 95 Speedway, the Chilln-n-Swilln Beer Festival annual charity event, the Havasu Triathlon, and the Havasu Balloon Festival & Fair.

In the winter months, multiple events are held on McCulloch Boulevard. Typically during the second weekend of February, McCulloch Boulevard is home to Winterfest, an annual event which draws thousands of visitors and residents for two days of food, activities, entertainment, and products from over 200 vendors from across the United States.

HOME OF ARIZONA STATE UNIVERSITY’S NEWEST CAMPUSArizona State University Colleges at Lake Havasu City is ASU’s newest location, open since 2012. ASU at Lake Havasu focuses exclusively on instruction for high-demand undergraduate degrees with lower tuition than at Arizona’s research universities. Arizona State University is a top ranked research university in the greater Phoenix metropolitan area.

HOME OF THE LONDON BRIDGE • SECOND-LARGEST TOURIST ATTRACTION IN ARIZONALondon Bridge crosses a narrow channel that leads from Lake Havasu (a segment of the Colorado River) to Thompson Bay (also on the river). Hoping to attract tourists and prospective buyers of residential lots, McCulloch bought it for US$2.5 million from the City of London when the bridge was replaced in 1968. The bridge was disassembled on contract with Sundt Construction, Tucson, AZ, and the marked stones were shipped to Lake Havasu City and reassembled by Sundt[5] for another US$7 million. The construction took three years to complete.Since its inauguration on October 5, 1971, London Bridge has become the second-largest tourist attraction in Arizona, after the Grand Canyon. In 2017, a panel of experts partnering with USA Today’s 10Best.com chose London Bridge as one of 20 initial nominees for Best Arizona Attraction. 10Best.com readers voted London Bridge as a top 5 favorite.

BEST PLACE TO RETIRE (MONEY MAGAZINE, TIME MAGAINE) • YEAR-ROUND DESTINATIONDuring the winter months, the community is joined by retirees from colder regions of the country and Canada. Featured in the “Best Places to Retire” lists in Money Magazine, Portfolio.com, TIME magazine, the Retirement Living Information Center and other national publications, Lake Havasu City offers an outstanding retirement community. The area boasts 300+ days of sunshine, numerous golf courses, a low cost of living, and proximity to nearby hiking and off-roading destinations, making it an ideal year-round retirement destination.

Lake Havasu City is a dream destination for a wide range of visitors & residents. The area offers a unique mix of tranquil waters, rugged mountains and pristine greens, and is the perfect escape for enjoy hiking, biking, boating, fishing, golfing, offroading, shopping, and dining. For boaters and fishermen, March to September are the prime months on Lake Havasu. With 400 miles of stunning coastline and 60 miles of navigable waterways, Lake Havasu easily ranks among the best fishing in the state and is possibly one of the best fishing lakes in the Southwest, with ample largemouth and smallmouth bass, bluegill, channel catfish, and more. From fall through spring, when the weather is cooler, Lake Havasu City is a popular destination for hiking in Arizona. The area features a wide range of terrain, natural diversity and scenic wonders, with serene lakeside views, sweeping vistas from nearby red rock mountains, and windswept desert views.The climate in Lake Havasu allows for almost year-round golf on some of the best golf courses in Arizona. There are over a dozen courses located wihtin a 90-minute drive of Lake Havasu City offering golf for all skill levels, surrounded by sun-painted rock formations and the shimmerwing waters of Lake Havasu and the Colorado River.

AN OUTDOOR ENTHUSIASTS DREAM: HIKING, BOATING, FISHING, GOLFING, AND MORE



Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography page 1 of 1©2018, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2018 Estimates with 2023 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 34.4712/-114.3417RS1

251 Lake Havasu Ave1 mi radius 3 mi radius 5 mi radius

Lake Havasu City, AZ 86403

PO

PU

LATI

ON

2018 Estimated Population 3,981 27,692 55,278

2023 Projected Population 3,936 27,382 54,633

2010 Census Population 3,383 25,609 53,146


Projected Annual Growth 2018 to 2023 -0.2% -0.2% -0.2%

Historical Annual Growth 2000 to 2018 1.6% 1.5% 1.6%

2018 Median Age 59 52.6 52.9

HO

US

EH

OLD

S

2018 Estimated Households 2,162 13,138 25,992

2023 Projected Households 2,163 13,181 26,057

2010 Census Households 1,747 11,435 23,534


Projected Annual Growth 2018 to 2023 - 0.1% 0.1%


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CE

AN

DE

THN

ICIT

Y

2018 Estimated White 88.8% 87.3% 88.2%

2018 Estimated Black or African American 0.9% 1.0% 1.0%

2018 Estimated Asian or Pacific Islander 1.6% 1.4% 1.3%

2018 Estimated American Indian or Native Alaskan 1.1% 1.1% 1.1%

2018 Estimated Other Races 7.7% 9.2% 8.3%

2018 Estimated Hispanic 14.2% 15.2% 13.9%

INC

OM

E 2018 Estimated Average Household Income $54,071 $61,276 $60,621

2018 Estimated Median Household Income $45,361 $48,758 $48,330

2018 Estimated Per Capita Income $29,425 $29,089 $28,532

ED

UC

ATI

ON

(AG

E 2

5+)

2018 Estimated Elementary (Grade Level 0 to 8) 1.7% 2.1% 2.5%

2018 Estimated Some High School (Grade Level 9 to 11) 8.4% 8.5% 8.2%

2018 Estimated High School Graduate 34.3% 34.9% 35.8%

2018 Estimated Some College 29.5% 30.6% 30.2%

2018 Estimated Associates Degree Only 8.1% 8.5% 8.7%

2018 Estimated Bachelors Degree Only 10.3% 9.8% 9.4%

2018 Estimated Graduate Degree 7.8% 5.5% 5.1%

BU

SIN

ES

S 2018 Estimated Total Businesses 1,099 2,352 2,757

2018 Estimated Total Employees 7,303 17,178 19,732

2018 Estimated Employee Population per Business 6.6 7.3 7.2

2018 Estimated Residential Population per Business 3.6 11.8 20.1BU

SIN

ES

S

Demographic Source: Applied Geographic Solutions 04/2018, TIGER Geography page 1 of 1©2018, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2018 Estimates with 2023 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 34.4712/-114.3417RS1

251 Lake Havasu Ave1 mi radius 3 mi radius 5 mi radius

Lake Havasu City, AZ 86403

PO

PU

LATI

ON

2018 Estimated Population 3,981 27,692 55,278

2023 Projected Population 3,936 27,382 54,633



Projected Annual Growth 2018 to 2023 -0.2% -0.2% -0.2%


2018 Median Age 59 52.6 52.9

HO

US

EH

OLD

S

2018 Estimated Households 2,162 13,138 25,992

2023 Projected Households 2,163 13,181 26,057



Projected Annual Growth 2018 to 2023 - 0.1% 0.1%


RA

CE

AN

DE

THN

ICIT

Y

2018 Estimated White 88.8% 87.3% 88.2%

2018 Estimated Black or African American 0.9% 1.0% 1.0%

2018 Estimated Asian or Pacific Islander 1.6% 1.4% 1.3%

2018 Estimated American Indian or Native Alaskan 1.1% 1.1% 1.1%

2018 Estimated Other Races 7.7% 9.2% 8.3%

2018 Estimated Hispanic 14.2% 15.2% 13.9%

INC

OM

E 2018 Estimated Average Household Income $54,071 $61,276 $60,621

2018 Estimated Median Household Income $45,361 $48,758 $48,330

2018 Estimated Per Capita Income $29,425 $29,089 $28,532

ED

UC

ATI

ON

(AG

E 2

5+)

2018 Estimated Elementary (Grade Level 0 to 8) 1.7% 2.1% 2.5%

2018 Estimated Some High School (Grade Level 9 to 11) 8.4% 8.5% 8.2%

2018 Estimated High School Graduate 34.3% 34.9% 35.8%

2018 Estimated Some College 29.5% 30.6% 30.2%

2018 Estimated Associates Degree Only 8.1% 8.5% 8.7%

2018 Estimated Bachelors Degree Only 10.3% 9.8% 9.4%

2018 Estimated Graduate Degree 7.8% 5.5% 5.1%

BU

SIN

ES

S 2018 Estimated Total Businesses 1,099 2,352 2,757

2018 Estimated Total Employees 7,303 17,178 19,732

2018 Estimated Employee Population per Business 6.6 7.3 7.2

2018 Estimated Residential Population per Business 3.6 11.8 20.1

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-- DEMOGRAPHICS --

Lake Havasu Overview • Demographics •

77,000 POPULATION - 50 MILES

36,000 HOUSEHOLDS - 50 MILES

$81,000 AVG HH INCOME - 3 MILES

EXCELLENT SURROUNDING DEMOGRAPHICSOver 675,000 people live within a 5-mile radius of the subject property.

DENSE RESIDENTIAL IN-FILL LOCATIONThere are over 190,000 households within a 5-mile radius of the subject property.

Lee & Associates hereby advises all prospective purchasers of Net-Leased Investment property as follows:

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

As the Buyer of an investment 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. Lee & Associates 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 an investment 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 careful, independent investigation of any investment 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 financial 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 facilities 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 interrupted 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.

By accepting this Marketing Brochure you agree to release Lee & Associates and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this investment property.

No warranty or representation is made as to the accuracy of the foregoing information. Terms of sale, lease, and availability are subject to change or withdrawal without notice.

Color Scheme

Fonts

GOTHAM/ BLACKGOTHAM/ MEDIUMGOTHAM/ LIGHT

CMYK C:0 / M:100 / Y:65 / K:47

RGB R:145 / G:0 / B:40

CMYK C:0 / M:0 / Y:0 / K65

RGB R:119 / G:120 / B:123


RYAN BARRPrincipal

[email protected]

RYAN BENNETTPrincipal

[email protected]

JAN FINCHAMPrincipal

[email protected]

EXCLUSIVELY REPRESENTED BY

BROKER OF RECORDLee & Associates Arizona Commercial RE Services, LLC

AZ Lic# BR017922000

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