single tenant net leased investment roperty 3160 w ... · single tenant net leased investment...
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FOR SALESINGLE TENANT NET LEASED INVESTMENT PROPERTY
3160 W. CAREFREE HWY. PHOENIX, AZ.
I-17 & CAREFREE HWY.
MCGINN COMMERCIAL, LLC.COMMERCIAL REAL ESTATE BROKERAGE, DEVELOPMENT & INVESTMENT
CHRISTOPHER A. MCGINN SR. │ DESIGNATED BROKER
PO BOX 44255, PHOENIX, ARIZONA 85064480-220-4678 │ [email protected]
WWW.MCGINNCOMMERCIAL.COM
CONFIDENTIALITY & DISCLAIMER
STRICTLY CONFIDENTIAL - PLEASE DO NOT DISTURB TENANTS, MANAGERS, EMPLOYEES OR CUSTOMERS. PROPERTY VIEWINGS SHALL BE CONDUCTED BY PRE-SCHEDULED APPOINTMENT
ONLY.
THE INFORMATION CONTAINED HEREIN IS PRIVATE, PROPRIETARY AND STRICTLY CONFIDENTIAL, INTENDED SOLELY FOR THE USE OF THE PARTIES RECEIVING IT FROM MCGINN
COMMERCIAL, LLC., AND IS NOT TO BE OTHERWISE COPIED, DISTRIBUTED OR DISSEMINATED, NOR MADE AVAILABLE TO ANY OTHERS WITHOUT THE EXPRESS WRITTEN CONSENT OF
MCGINN COMMERCIAL, LLC. UPON ACCEPTING POSSESSION OF AND REVIEWING THE INFORMATION CONTAINED HEREIN, THE RECIPIENT AGREES TO HOLD AND KEEP ALL SUCH
INFORMATION IN THE STRICTEST CONFIDENCE. DUE TO THE PRIVATE, PROPRIETARY AND CONFIDENTIAL NATURE OF THIS INFORMATION, PLEASE APPROPRIATELY SHRED, DESTROY AND
DISCARD THIS INFORMATION UPON DISPOSAL.
THE INFORMATION CONTAINED HEREIN HAS BEEN PREPARED AND PROVIDED AS AN ABBREVIATED SUMMARY AND PRELIMINARY DESCRIPTION ONLY, AND IS ENTIRELY LIMITED IN ITS SCOPE.THE INFORMATION CONTAINED HEREIN HAS NOT BEEN VERIFIED AS ACCURATE OR COMPLETE, AND IS NOT INTENDED TO SERVE AS A SUBSTITUTE FOR A DETAILED AND THOROUGH DUE
DILIGENCE INVESTIGATION. THE INFORMATION CONTAINED HEREIN IS OBTAINED FROM SOURCES BELIEVED TO BE ACCURATE AND RELIABLE, AND IS PRESENTED IN GOOD FAITH, HOWEVER,IT IS NOT GUARANTEED IN ANY RESPECT, NOR ARE THERE MADE ANY REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF
ANY INFORMATION PRESENTED HEREIN. ALL PROSPECTIVE PURCHASERS AND/OR TENANTS, AT THEIR OWN COST AND EXPENSE, ARE ENCOURAGED TO FULLY CONDUCT THEIR OWN DUE
DILIGENCE INVESTIGATION RESPECTING ALL ASPECTS OF THE PROPERTY, INCLUDING VERIFICATION OF ALL INFORMATION CONTAINED HEREIN, AND ARE URGED TO CONSULT WITH THEIR OWN
ATTORNEYS, ACCOUNTANTS, TAX PROFESSIONALS, FINANCIAL ADVISORS, REAL ESTATE EXPERTS, ENGINEERS, PROPERTY INSPECTORS, ETC. FOR ALL DESIRED INVESTIGATION,REPRESENTATION, COUNSEL AND ADVICE.
MCGINN COMMERCIAL, LLC. HAS MADE NO INVESTIGATION RESPECTING THE PROPERTY OR CONTENTS HEREIN, AND MAKES NO GUARANTEE, WARRANTY OR REPRESENTATION
WHATSOEVER WITH RESPECT TO THE PROPERTY, INCLUDING WITHOUT LIMITATION, THE INFORMATION CONTAINED HEREIN, THE FINANCIAL RESULTS OR PROJECTIONS FOR THE SUBJECT
PROPERTY, THE SIZE OR CONDITION OF THE PROPERTY AND/OR IMPROVEMENTS, THE PRESENCE OR ABSENCE OF HAZARDOUS MATERIALS AND/OR CONTAMINATING SUBSTANCES, THE
COMPLIANCE WITH LOCAL, STATE AND FEDERAL LAWS, CODES AND REGULATIONS, INCLUDING ALL ENVIRONMENTAL LAWS AND REGULATIONS, OR THE FINANCIAL CONDITION OR BUSINESS
PROSPECTS OF ANY TENANT, OR ANY TENANT’S INTENTIONS OR ABILITY TO CONTINUE OR NOT ITS OCCUPANCY OF THE PROPERTY.
LEGAL DISCLOSURE: FOR SALE BY BROKER/OWNER.
MCGINN COMMERCIAL, LLC. │ WWW.MCGINNCOMMERCIAL.COM │ 480-220-4678
SINGLE TENANT NET LEASED INVESTMENT PROPERTY
3160 W. CAREFREE HWY.
PHOENIX, AZ. 85086PRICE: $1,799,000
5.5% CAP RATE
CONFIDENTIAL – PLEASE DO NOT DISTURB TENANTS, MANAGERS, EMPLOYEES OR CUSTOMERS.THE INFORMATION CONTAINED HEREIN IS OBTAINED FROM SOURCES BELIEVED TO BE ACCURATE AND RELIABLE, AND IS PRESENTED IN GOOD FAITH, HOWEVER, IT IS NOT GUARANTEED IN ANY
RESPECT, NOR ARE THERE MADE ANY REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE ACCURACY OF ANY INFORMATION PRESENTED HEREIN.
MCGINN COMMERCIAL, LLC.COMMERCIAL REAL ESTATE BROKERAGE, DEVELOPMENT & INVESTMENT
Christopher A. McGinn Sr. │ Designated BrokerPO Box 44255 │ Phoenix, AZ 85064
www.McGinnCommercial.com
DETAILS:
Tenant: SAS Restaurant Ventures, Inc. (See Tenant Info Page)
Personal Guaranty: Personally Guaranteed by Principal-Owner
Base Lease Term: Approx. 9 Years Initial Term Remaining (Thru 9-30-2027)(Commenced in 2007 - Flawless Tenant Payment History)
Option Terms: Plus Two 10-Year Options
Rent (Net): $99,060 Per Year - thru 9/2022
$109,956 Per Year - 10/2022 thru 9/2027
Rental Increases: 11% Every 5 Years
Expenses: Absolute Net - No Landlord Obligations
Lease Type: Ground Lease
Desirable Area: Highly Attractive Path of Residential & Commercial Growth, Below Market Rent, 100% Occupancy in Center
Building Size: Approx. 4,836 Sq. Ft.
Parcel Size: Approx. 40,680 Sq. Ft.
Zoning: C-2 - City of Phoenix
Tax Parcel(s): Maricopa County #203-26-937
Construction Date: Constructed New 2007 (Remodel Upgrades 2017)
Viewings: Shown By Appointment ONLY.
Legal Disclosure: For Sale By Broker/Owner
MCGINN COMMERCIAL, LLC. │ WWW.MCGINNCOMMERCIAL.COM │ 480-220-4678
MCGINN COMMERCIAL, LLC. │ WWW.MCGINNCOMMERCIAL.COM │ 480-220-4678
MCGINN COMMERCIAL, LLC. │ WWW.MCGINNCOMMERCIAL.COM │ 480-220-4678
MCGINN COMMERCIAL, LLC.Christopher A. McGinn Sr. │ Designated BrokerPO Box 44255 │ Phoenix, AZ 85064480-220-4678CMcGinnSr@McGinnCommercial.comwww.McGinnCommercial.com
Company Profile:
Denny's is America's diner. The home of the “Grand Slam Breakfast”. This is where guests have come for over 60 years now to sit back, relax and enjoy delicious, hearty meals 24/7, every day of the year. Famous for its anytime breakfasts, Denny’s also serves a full complement of satisfying lunches and dinners. Denny's is always open, always welcoming and always serving up hearty diner food along with a mug of fresh hot coffee.
Denny's Corporation is the franchisor and operator of one of America's largest franchised full-service, family style restaurant chains, based on the number of restaurants. As of yearend 2017, Denny’s had 1,735 franchised, licensed, and company restaurants around the world with annual system-wide sales of $2.9 billion.
MCGINN COMMERCIAL, LLC.Christopher A. McGinn Sr. │ Designated BrokerPO Box 44255 │ Phoenix, AZ 85064480-220-4678CMcGinnSr@McGinnCommercial.comwww.McGinnCommercial.com
Tenant Profile:
SAS RESTAURANT VENTURES, INC.
A California corporation
The Tenant is SAS Restaurant Ventures, Inc., a California corporation, a growing multi-unit Denny’s franchisee, whose predecessor company began operations in 2006, and has grown steadily since. SAS Restaurant Ventures, Inc. currently operates 30+ Denny’s restaurants in five states, Arizona, California, Idaho, Oregon and Utah. (SAS Restaurant Ventures, Inc. acquired the subject location as part of a multi-unit buy-out from another Denny’s franchisee in 2018.) Additional Tenant background and financial information available with due diligence materials during escrow under confidentiality agreement.
The Lease is personally guaranteed by the principal owner of SAS Restaurant Ventures, Inc., Mr. Sandeep Shah. Mr. Shah has 20+ years experience in the quick service and family restaurant business, as a key executive and then as a franchise owner. Mr. Shah also serves on the Board of Denny’s Franchise Association.
MCGINN COMMERCIAL, LLC. │ WWW.MCGINNCOMMERCIAL.COM │ 480-220-4678
3160 W. Carefree Hwy. Phoenix, Arizona
MCGINN COMMERCIAL, LLC. │ WWW.MCGINNCOMMERCIAL.COM │ 480-220-4678
3160 W. Carefree Hwy.
MCGINN COMMERCIAL, LLC. │ WWW.MCGINNCOMMERCIAL.COM │ 480-220-4678
3160 W. Carefree Hwy. Phoenix, Arizona