QuikTrip Offering Memorandum · QuikTrip Corporation is a privately held company headquartered in...

QUIKTRIP1733 S. GREENFIELD ROADMESA, ARIZONA 85206OFFERING MEMORANDUM

Represented by: DAVE LITTLE DAVID WOLF HARRY WOLF 515-865-2422 319-530-6342 515-707-5377

www.buyersrealtyinc.com

BUYERS REALTY, INC.3101 INGERSOLL AVENUE | SUITE 300 | DES MOINES, IA 50312 WWW.BUYERSREALTYINC.COM | 515-277-4000

C O N F I D E N T I A L I T Y & C O N D I T I O N SBuyers Realty, Inc (“Broker”) has been engaged as the Exclusive Agents for the sale of the property located at 1733 S. Greenfi eld Rd., Mesa, AZ.

Each person receiving this Brochure or any information relating hereto agrees to treat as confi dential all information ( the “Confi dential Informa-tion”) including, without limitation, the information in this Brochure, concerning the Property or the Owner that is furnished to such person or its direc-tors, offi cers, employees, affi liates, representatives, or advisors (collectively, “Representatives”) by or on behalf of the Owner. The term “Confi dential Information” shall also be deemed to include, without limitation, (a) notes, analyses, compilations, studies, interpretations, memoranda, or other documents prepared by any such person or its Representatives that contain, refl ect, or are based upon, in whole or in part, the Confi dential Infor-mation, and (b) any reports prepared by third parties for Owner or any of its representatives or advisors that are provided to any such person or its Representatives concerning the Property ( the “Third-Party Reports”). Notwithstanding the foregoing, (i) Confi dential Information may be disclosed to such person’s Representatives who need to know such information for the sole purpose of evaluating the possible purchase of the Property, and (ii) disclosure of Confi dential Information may be made in any other manner to which Owner consents in writing prior to such disclosure. Each such person agrees to be responsible for any breach of this provision by it or any of its Representatives. The term “person” as used herein shall be broadly interpreted to include the media and any governmental representative or authority, corporation, partnership, group, individual, or any other entity.

Any person receiving Confi dential Information hereby agrees that the Confi dential Information will be used solely for the purpose of evaluating the possible purchase of the Property and not in any way directly or indirectly detrimental to Owner. ALL SUCH CONFIDENTIAL INFORMATION IS PROVIDED SOLELY AS A POINT OF BEGINNING FOR SUCH PERSON’S OWN DUE DILIGENCE. AND SUCH PERSON IS EXPECTED TO UTILIZE HIS OR HER OWN PERSONNEL AND CONSULTANTS TO EVALUATE THE PROPERTY’S PHYSICAL, LEGAL, ECONOMIC, AND ENVIRONMENTAL CONDITION, AND ALL OTHER FACTS AND POTENTIAL ISSUES WHICH SUCH PERSON DEEMS ARE RELEVANT TO A DECISION TO PURCHASE THE PROPERTY, INCLUDING, WITHOUT LIMITATION, INDEPENDENTLY REVIEWING ALL MATERIAL DOCUMENTS AND THOSE ASPECTS OF THE PROPERTY AS ARE ADDRESSED GENERALLY IN THE THIRD-PARTY REPORTS.

Any person receiving Confi dential Information understands that much of it is in summary form and that neither Owner nor any of its direct or indirect partners, nor any of their respective directors, offi cers, shareholders, employees, representatives, or advisors (including, without limitation, Buyers Realty, Inc.) have made or now make any representations or warranty, express or implied, as to the accuracy or completeness of the Confi dential Information (including, without limitation, any Third-Party Reports) or the value of the Property. All fi nancial projections are provided for general reference only and are based upon assumptions that may prove to be inaccurate when actual operating results are obtained. Each such person agrees that in no event will the Owner, its direct or indirect partners, or their respective directors, offi cers, shareholders, employees, representatives or agents be liable for any errors or omissions resulting from the use of the Confi dential Information.

An opportunity to inspect the Property will be accorded to qualifi ed prospective purchasers, subject to reasonable conditions imposed by Owner.

In addition, Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the property, to terminate discussions with any party, or withdraw the Property from the market at any time with or without notice. Owner shall have no legal com-mitment or obligation to any person reviewing this Brochure or making an offer to purchase the Property unless a defi nitive written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Owner, and the Owner’s obligations shall only be to the extent specifi cally set forth in such written agreement. The Owner (“Seller”) and Broker make no representations or warranties as to the accuracy of the information contained in this Offering Memorandum.


T E N A N T O V E R V I E WQUIKTRIP | www.quiktrip.comQuikTrip Corporation is a privately held company headquartered in Tulsa, Oklahoma. Founded in 1958, QuikTrip has grown to a more than $11 billion company with 750+ stores in eleven states. Those revenues place QuikTrip high on the Forbes listing of largest privately held companies. QuikTrip’s strategy is to be the dominant convenience/gasoline retailer in each market and to reach that level not through sheer numbers of stores, but through key, high-volume locations. With over 20,000 employees, Fortune has ranked QuikTrip on the list of Best Companies To Work For for fourteen years.

QuikTrip believes in investing in the communities in which our employees live and work. Every year, QuikTrip donates 5% of our annual net profi t to qualifi ed 501c3 non-profi t agencies, which includes our United Way campaign match, support for National Safe Place agencies, Folds of Honor scholarships and many other agencies that support at-risk youth and early childhood education.

Website: Industry:www.quiktrip.com Retail

US Headquarters: US Sites:Tulsa, Oklahoma, 74134 780

Major Locations: US Employees:Atlanta, GA; Dallas, TX 20,000+Phoenix, AZ

US Revenues: Corporate Structure:$11.7 billion Private

Founded:1958

ABOUT THE COMPANYQUIKTRIP AWARDS

PEOPLE’S 2018 Companies that Care List (Ranked #49)

PEOPLE’S 2017 Companies that Care List (Ranked #38)

Best Workplaces in Texas 2017 (Ranked #15)

Best Workplaces for Giving Back 2017 (Ranked #45)

Best Workplaces for Diversity 2017 (Ranked #29)

Best Workplaces for Women 2017 (Ranked #54)

Best Workplaces in Retail 2017 (Ranked #2)

OUR MISSION STATEMENT:To wisely invest dollars in community efforts that will help impact (in measurable terms) individuals in our society who are dependent on the charitable support of others. We believe the most effective way to do that is to invest our contribution dollars and volunteers in strategic efforts that help those at risk reach their functional capacity as successful, independent citizens.


I N V E S T M E N T O V E R V I E WLOCATION 1733 S. Greenfi eld Rd, Mesa, AZ 85206

MAJOR CROSS STREETS NE corner of S. Greenfi eld Rd

and E. Inverness Ave

PURCHASE PRICE $3,207,875.00

CAP RATE 6.35%

ANNUAL RENT $203,700.00

GROSS LEASEABLE AREA 5,680 SF

RENTAL ESCALATIONS 2.7% every 5 years

LEASE TYPE Corporate Absolute NNN

OWNERSHIP Fee Simple Interest

YEAR BUILT 2001

GAS PUMPS 10

LOT SIZE 83,678 SF

LEASE EXPIRATION April 30, 2024

OPTIONS Seven fi ve (5) year options

ROFR Tenant has right of fi rst refusal - 30 days

Nearby retailers include Walmart Supercenter, Starbucks, LA Fitness, Hobby Lobby, Sportsman’s Warehouse and At Home.

LEASE Annual Rent

Initial term: 12/1/2001 - 4/30/2024 $203,700

1st option: 5/1/2024 - 4/30/2029 $209,688

2nd option: 5/1/2029 - 4/30/2034 $215,688

3rd option: 5/1/2034 - 4/30/2039 $221,676

4th option: 5/1/2039 - 4/30/2044 $227,664

5th option: 5/1/2044 - 4/30/2049 $233,652

6th option: 5/1/2049 - 4/30/2054 $239,652

7th option: 5/1/2054 - 4/30/2059 $245,640

TENANT QuikTrip Corporation

TRAFFIC COUNTS S. Greenfi eld Rd: 36,300 VPD

Highway 60 West: 185,500 VPD

Highway 60 East: 179,100 VPD

PROTOTYPE Version 2.5

DEMOGRAPHICS

LOCATION 1733 S. Greenfi eld Rd, Mesa, AZ 85206

MAJOR CROSS STREETS NE corner of S. Greenfi eld Rd

and E. Inverness Ave

CAP RATE 6.35%

GROSS LEASEABLE AREA 5,680 SF

LEASE TYPE Corporate Absolute NNN

YEAR BUILT 2001

LOT SIZE 83,678 SF

OPTIONS Seven fi ve (5) year options

TRAFFIC COUNTS S. Greenfi eld Rd: 36,300 VPD

Highway 60 West: 185,500 VPD

Highway 60 East: 179,100 VPD

DEMOGRAPHICS

Nearby retailers include Walmart Supercenter, Starbucks, LA Fitness, Hobby Lobby, Sportsman’sWarehouse and At Home.

ESRI 2018 1 mile 3 mile 5 milePopulation 11,380 130,770 350,743Avg. HH Income $86,455 $80,126 $78,156Per Capita Income $34,161 $31,655 $29,174Households 4,426 51,145 129,845


A E R I A L M A R K E T


A E R I A L Z O O M


S I T E P H O T O S


S I T E P L A N


L O C A T I O N O V E R V I E WABOUT MESA (https://www.mesaaz.gov/about-us)

Located in Maricopa County and just 15 miles east of Phoenix, Mesa covers 132 square miles, is the third largest city in Arizona and the 36th largest city in the nation.

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

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

With a population of nearly 500,000, Mesa, Arizona is the 36th largest city in the United States and second largest in the Phoenix-Mesa metro area and is larger than Miami, Minneapolis, Atlanta and St. Louis. Mesa encompasses 138 square miles (357 square kilometers) inside a 21-city region that has a population of 4.7 million people, and is projected to grow to 6 million by 2030.

DEMOGRAPHIC INFO (www.selectmesa.com/business-environment/demographics)


L O C A T I O N M A P


S I T E D E M O G R A P H I C S


S I T E D E M O G R A P H I C S


Represented by:DAVE LITTLE515-865-2422

[email protected]

DAVID WOLF319-530-6342

[email protected]

HARRY WOLF515-707-5377

[email protected]

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