Safeway Vistoso Plaza - Oxford Realty Advisors

Safeway Vistoso Plaza
Multi-Tenant NNN Investment Offering
Shadow-Anchored Shopping Center
100% Occupied NNN Investment Offering
Exclusively Represented by:
Robert J. Nolan
Andrew D. Sternberg
The information contained herein has been given to us by the owner of the property or obtained from sources we deem reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs.
2960 N. Swan Road, Suite 216
Tucson, AZ 85712
Phone (520) 232-0200
Fax (520) 232-0300
www.oxfordrealtyadvisors.com
Safeway Vistoso Plaza - Offering Summary
Safeway Vistoso Plaza
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Shadow-Anchored Retail Center
Located in Oro Valley, Arizona
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Offering Summary:
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Total Building Size:
Total Land Size:
Occupancy:
Net Operating Income:
Approx. 34,770 RSF
Approx. 4.28 Acres*
100%
$657,021
(after 5% vacancy factor)
Offering Price:
Cap Rate:
$10,000,000
6.57%
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Property Information:
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Year Built:
Zoning:
Total Parking:
2001/2002
Oro Valley PAD - C-1 Commercial
170 spaces*
(*Subject parcels only, additional land area, cross-access and parking spaces from Safeway and outparcels)
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Demographics:
1-Mile
3-Mile
5-Mile
2015 Population
3,658
31,822
49,602
2015 Households
1,478
13,549
21,095
2015 Avg. Household Income
$101,575
$95,755
$89,200
*CoStar
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Strong Property Fundamentals:
Established Tenant Base: Approximately half of the tenant
mix is original to the center from its development in 2001/2002
Rent Growth: 3% annual rent increases in most leases provides steady growth in gross income
Small Suite Size: Average space is a popular and efficient
1,400rsf, eliminating “big box risk” in ownership
High Volume Sales Safeway Location: The consistently
popular Vistoso Plaza is only grocery-anchored shopping center
at entrance to Rancho Vistoso and Sun City Vistoso MPCs
Professional Management: Property has been professionally
managed from original construction. Recent maintenance includes exterior painting, parking lot recoating, and new roof on
buildings A and C in 2014
Property Documents Available: CC&R’s, Cross-Easement
agreements, ALTA and Environmental Surveys available for
review by prospective purchasers
Location Highlights:
Affluent Trade Area: Within a 1-mile radius of the center the
average household income is $101,575
Easy access to Oracle Road: The main north/south corridor
in Northwest Tucson.
High Visibility Signage: Great exposure for tenants from
prominent building fascia signage
Heart of Oro Valley: In the center of densely populated residential communities with significant new and planned residential construction to the North, City of Tucson to the South
Incredible Natural Setting: Property backs up to large natural wash and is framed by the picturesque Catalina Mountains
2960 N. Swan Road, Suite 216
Tucson, AZ 85712
Phone (520) 232-0200
Fax (520) 232-0300
www.oxfordrealtyadvisors.com
The information contained herein has been given to us by the owner of the property or obtained from sources we deem reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its
accuracy and completeness. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Safeway Vistoso Plaza - Building Summary
12112 N. Rancho Vistoso Blvd - Building A
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Building Size:
Land Size:
Tax Parcel ID:
Approx. 13,095 RSF
Approx. 74,457 SF
223-02-0390
12142 N. Rancho Vistoso Blvd - Building B
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Building Size:
Land Size:
Tax Parcel ID:
Approx. 8,739 RSF
Approx. 48,678 SF
223-02-037A
12152 N. Rancho Vistoso Blvd - Building C
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Building Size:
Land Size:
Tax Parcel ID:
The information contained herein has been given to us by the owner of the property or obtained from sources we deem reliable. While we do not doubt its accuracy, we have not verified it and make
no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. You and your advisors should conduct a careful, independent
investigation of the property to determine to your satisfaction the suitability of the property for your needs.
Approx. 12,936 RSF
Approx. 63,417 SF
223-02-036A
2960 N. Swan Road, Suite 216
Tucson, AZ 85712
Phone (520) 232-0200
Fax (520) 232-0300
www.oxfordrealtyadvisors.com
Safeway Vistoso Plaza - Site Plan
Suite
Tenant
Sq. Ft.
A-100
Flavor of India Retaurant
2,758
A-120
Artistry Academy, LLC
2,800
A-140
State Farm Ins.
1,002
A-150
AIM Mail Center
1,307
A-160
Planet Beach Tanning
1,307
A-170
Regis/Cost Cutters
1,307
A-180
Nails of the World
1,307
A-190
Vistoso Cleaners
1,307
B-100
Tucson Animal Hospital
1,773
B-110
The Tutoring Center
1,400
B-120
Saguaro Café
1,750
B-130
Yoga and Movement Studio
1,048
B-150
Desert Palms Physical Therapy
2,768
C-100
Halo Hair Studio
1,400
C-110
Pusch Ridge Chiropractic
1,400
C-120
Smilemore, PC
1,400
C-130
Cheers to You! Nutrition
1,400
C-140
Catalina Hills Botanical Care
1,400
C-150
LabCorp, Inc.
1,400
C-160
Boccaccio, Inc. Restaurant
2,800
C-180
Dragon Village Restaurant
1,736
Totals
34,770
BLDG. B
BLDG. C
120
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RC RT
A
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NO
N.A.P.
. P.
A
N.
. P.
N.A
BLDG. A
N.A.P.
2960 N. Swan Road, Suite 216
Tucson, AZ 85712
Phone (520) 232-0200
Fax (520) 232-0300
www.oxfordrealtyadvisors.com
Safeway Vistoso Plaza - Financials
INCOME
PROPERTY RSF
FEB 2016 MONTHLY NET
RENT
MONTHLY NNN REIMBURSEMENTS
34,770
$58,603
$18,167
ANNUAL NET RENT
$703,235
ANNUAL NNN REIMBURSEMENTS
$218,008
GROSS ANNUAL INCOME
$921,243
LESS VACACNY FACTOR (5%)
$875,180
AVERAGE RATE PER RSF
EXPENSES (2015)
$20.23
ANNUAL
PER RSF
ELECTRIC
$1,234
$0.04
TELEPHONE/ALARM
$3,995
$0.11
WATER
$25,320
$0.73
TRASH
$10,879
$0.31
GROUNDS/LANDSCAPING
$13,207
$0.38
MANAGEMENT
$43,877
$1.26
INSURANCE
$6,074
$0.17
PROPERTY TAXES
$93,422
$2.69
MAINTENANCE/REPAIRS
$2,809
$0.08
HOA/SAFEWAY
$16,461
$0.47
$882
$0.03
$218,160
$6.27
LIGHTING
TOTAL EXPENSES
Net Operating Income
$657,021
(incl. vacancy factor)
2960 N. Swan Road, Suite 216
Tucson, AZ 85712
Phone (520) 232-0200
Fax (520) 232-0300
www.oxfordrealtyadvisors.com
Safeway Vistoso Plaza - Oro Valley Information
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Safeway Vistoso Plaza is strategically located in the heart of Oro Valley, one
of Southern Arizona’s most desirable communities.
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One of America’s 10 Safest Suburbs - Movoto Real Estate, 2014
Best Place in Arizona to Raise Kids - Bloomberg Businessweek, 2013
Playful City Community USA, 2011, 2012, 2013 and 2014
10 Best Towns for Families - Family Circle Magazine, August 2008
100 Best Places in America to Live and Launch a Small Business - Fortune Small
Business Magazine, April 2008
*www.orovalleyaz.gov
*CoStar
2960 N. Swan Road, Suite 216
Tucson, AZ 85712
Phone (520) 232-0200
Fax (520) 232-0300
www.oxfordrealtyadvisors.com
Safeway Vistoso Plaza - Oro Valley/Rancho Vistoso Trade Area
Catalina, Oracle,
San Manuel ,
Saddlebrooke
e Ro
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NO
racl
Rancho Vistoso
8,000 Homes
Hw y
77
Sun City Vistoso
2,500 Homes
N
Or
ac
le
Ro
ad
/H
wy
77
Dove Mountain
5,000 Homes
2960 N. Swan Road, Suite 216
Tucson, AZ 85712
Phone (520) 232-0200
Fax (520) 232-0300
www.oxfordrealtyadvisors.com
Safeway Vistoso Plaza - Comparable Sales
The Shoppes at Rita Ranch
8110-8140 S. Houghton Road, Tucson, AZ
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Sales Price:
Cap Rate:
Building Size:
Sale Date:
Price per SF:
Fry’s shadow-anchored center.
$12,750,000.00
unknown
36,380 SF
1/6/16
$350.47
Shops at Desert Springs
7300 N La Cholla Blvd, Tucson, AZ
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Sales Price:
Cap Rate:
Building Size:
Sale Date:
Price per SF:
Albertson’s shadow-anchored center.
$5,381,000.00
6.60%
20,485 SF
2/23/15
$262.68
River Center
NEC River and Craycroft, Tucson, AZ
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Sales Price:
Cap Rate:
Building Size:
Sale Date:
Price per SF:
$24,750,000.00
5.5%
107,484 SF
1/9/14
$220.27
Whole Foods and PetSmart anchored center
The information contained herein has been given to us by the owner of the property or obtained from sources we deem reliable. While we do not doubt its accuracy, we have not verified it
and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. You and your advisors should conduct a careful,
independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.
2960 N. Swan Road, Suite 216
Tucson, AZ 85712
Phone (520) 232-0200
Fax (520) 232-0300
www.oxfordrealtyadvisors.com
Safeway Vistoso Plaza
Multi-tenant NNN Investment Offering
Confidentiality Statement
This Confidential Investment Offering has been prepared by Oxford Realty Advisors,
Inc. (the “Exclusive Listing Agent”) for the sole purpose of the evaluation by qualified
parties of the potential purchase of the Subject Property. The information contained
herein is provided as a courtesy to prospective purchasers to establish a level of interest
in the Subject Property, but it is not a substitute for standard due diligence investigations.
The information contained in this Confidential Investment Offering has been obtained from sources deemed reliable, and while its accuracy is not in doubt, it has not
been verified and as such no guarantee, warranty or representation is made thereof. It
is each party’s responsibility to independently verify the accuracy and completeness of
all information required to evaluate a purchase.
Additional Information and an opportunity to inspect the Property will be made available to interested and qualified prospective buyers. All prospective buyers must be
registered with the Exclusive Listing Agent - no contact of any kind shall be made with
any tenants of the property without prior approval by Seller or Exclusive Listing Agent.
Potential Purchasers are advised to consult with their tax, financial and legal advisors
concerning all matters pertaining to their review of the Subject Property. The Seller
and the Exclusive Listing Agent hereby disclaim any responsibility for inaccuracies contained herein, and Prospective Purchasers hereby agree to indemnify and hold Seller
and the Exclusive Listing Agent harmless from any and all claims arising out of information contained herein or the delivery of future additional information.
Owner and Exclusive Listing Agent expressly reserves the right, at their discretion, to
reject any or all expressions of interest or terminate the negotiations with any entity at
any time with or without notice. Only upon mutual execution of a full Real Estate Sale
and Purchase Agreement shall each party be bound to perform.
For additional information please contact
Listing Agents:
Robert J. Nolan
(520) 232-0200 x 118
[email protected]
Andrew D. Sternberg
(520) 232-0200 x 115
[email protected]
Oxford Realty Advisors, Inc.
2960 N. Swan Rd. #216
Tucson, AZ 85712
Do not disturb Tenants - all
Property tours by appointment only.
The information contained herein has been given to us by the owner of the property or obtained from sources we deem reliable. While we do not doubt its accuracy, we have not verified it and make no
guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. You and your advisors should conduct a careful, independent investigation of
the property to determine to your satisfaction the suitability of the property for your needs.
2960 N. Swan Road, Suite 216
Tucson, AZ 85712
Phone (520) 232-0200
Fax (520) 232-0300
www.oxfordrealtyadvisors.com