Napa Auto Parts Superstore Yuma, Arizona

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1 SINGLE TENANT Napa Auto Parts Superstore Yuma, Arizona EXCLUSIVELY PRESENTED BY SRS 1

2 For More Information, Please Contact: SEAN THOMAS First Vice President

3 Table of Contents 5 INVESTMENT SUMMARY 8 RENT ROLL 11 TENANT PROFILE 13 PROPERTY DESCRIPTION 16 LOCATION OVERVIEW 19 MARKET OVERVIEW

4 Investment Summary EXCLUSIVELY PRESENTED BY SRS 4

5 Investment Summary Offering PRICING $1,375,000 CAP RATE 7.85% PRICE / SF $56.79 NET OPERATING INCOME $96,000 RENT INCREASE - 1/1/2018 $108,000 Property Specifications RENTABLE AREA 24,212 SF LAND AREA PROPERTY ADDRESS 2.11 acres 1091 & 1095 South 4th Avenue Yuma, Arizona YEAR BUILT 1974 PARCEL NUMBER EXCLUSIVELY PRESENTED BY SRS 5

6 Investment Summary Description Napa Auto Parts Superstore in Yuma, Arizona Tenant invested $350,000 in tenant improvements, including painting, flooring, and lighting, and is considering resealing the parking lot. Tenant is an experienced Napa Auto Parts multi-unit operator franchisee with 4+ stores across Arizona and California, and over 200 employees. Franchisee has strong financials, and Buyer will have access to financial statements during due diligence period. Low price / SF Landlord responsible for roof and structure Location is a Superstore location, which includes:»» Retail»» Parts Delivery»» Fleet Service»» Custom Machine Parts Shop EXCLUSIVELY PRESENTED BY SRS 6

7 Lease Abstract EXCLUSIVELY PRESENTED BY SRS 7

8 Lease Abstract TENANT Napa Auto Parts Superstore DATE OF LEASE November 17, 2014 RENT COMMENCEMENT 06/01/2015 LEASE COMMENCEMENT 01/01/2015 LEASE EXPIRATION 06/30/2020 RENEWAL OPTIONS Two (2) five (5) year options ANNUAL RENT Months 1-36 $96,000 Months $108,000 Option 1 $126,000 Option 2 $144,000 PERMITTED USE Tenant shall use the Premises solely and exclusively for Tenant's operation of a retail auto parts store and all related activities. INSURANCE Tenant shall obtain and keep in force a Commercial General Liability policy of insurance protecting the Tenant and Landlord as an additional insured against claims for bodily injury, personal injury and property damage based upon or arising out of ownership, use, occupancy or maintenance of the Premises and all areas appurtenant thereto. Such insurance shall be on an occurrence basis providing single limit coverage in an amount not less than $1,000,000 per occurrence EXCLUSIVELY PRESENTED BY SRS 8

9 Lease Abstract, cont'd REAL ESTATE TAXES UTILITIES Tenant shall pay to Landlord, as Additional Rent, the portion of all ad valorem property taxes assessed against the Property that are attributable to the Premises during the Term. The amount payable shall be: (i) based on the taxes actually due and payable during the Term, regardless of the tax year to which they are attributable; (ii) calculated and payable in April and October of each calendar year based on the amount payable during each half year; and (iii) prorated during the first and last years of the Term based upon the number of months that the Lease is in effect during those years. Except as is expressly set forth herein, Tenant shall be solely responsible for, and shall promptly pay, all charges for water, heat, electricity, sewer, telephone and any other utility used on, or furnished to, the Premises, including, but not limited to all connection fees assessed thereon. EXCLUSIVELY PRESENTED BY SRS 9

10 Tenant Profile EXCLUSIVELY PRESENTED BY SRS 10

11 Tenant Profile Napa Auto Parts is an automotive aftermarket supplier with unrivaled strengths. In fact, more wholesale customers use NAPA parts than any other auto parts supplier - and 94% of do-it-yourself customers recognize the NAPA brand name. Napa is known for having over 6,100 Napa Auto Parts stores nationwide, 64 strategically located distribution centers serving all 50 states, and over 422,000 quality parts and accessories for automotive and industrial applications - the most extensive inventory in the industry. Genuine Parts Company (NYSE: GPC), the largest member and majority owner of the National Automotive Parts Association (NAPA), engages in the distribution of automotive and industrial replacement parts, office products, and electrical/electronic materials in the United States, Canada, and Mexico. The company operates through four groups: Automotive Parts Group, Industrial Parts Group, Office Products Group, and Electrical/Electronic Materials Group. The Automotive Parts Group, the largest division of GPC, distributes over 380,000 products through it's 58 NAPA distribution centers located across the United States. The Automotive Parts Group also consists of NAPA Canada/UAP Inc., Canada's leading automotive parts distributor, as well as Auto Todo, one of Mexico's largest automotive aftermarket organizations. Additionally, we operate our heavy vehicle parts distribution business under the name TW Distribution and Traction, and our import parts distribution operations under the name Altrom. EXCLUSIVELY PRESENTED BY SRS 11

12 Property Description EXCLUSIVELY PRESENTED BY SRS 12

13 Property Description PARCELS APN: and ZONING B-2 City of Yuma ACCESS There are a total of three access points; one is along 11th Street and two are along 4th Avenue. TRAFFIC COUNTS (2014) 4th Avenue...21,159 VPD IMPROVEMENTS There is approximately 24,212 SF of existing building area YEAR BUILT 1974 EXCLUSIVELY PRESENTED BY SRS 13

14 Site Plan 3 RD AVENUE 10 TH STREET NOT A PART 11 TH STREET 4 TH AVENUE EXCLUSIVELY PRESENTED BY SRS 14

15 Location Overview EXCLUSIVELY PRESENTED BY SRS 15

16 Intersection Aerial Gila Mountains Yuma Palms Regional Center 12th Street 1st Avenue 1st Avenue 2nd Avenue 12th Street Hollywood Hair Company 2nd Avenue 3rd Avenue Radiator Direct Arizona Brake SITE La Fonda Restaurant Refrigeration Supplies Distributor 11th Street 3rd Avenue Command Staffing 10th Street Arizona Auto Clinic Johnny s Carpeting 4th Avenue 21,159 VPD 14 Yuma Furniture Direct Chicanos Por La Causa City Barber Shop Zavala s Changarro Assistance League Thrift Shop Power Hobbies Desert Fire World Ministries Church EXCLUSIVELY PRESENTED BY SRS 16

17 Trade Area Aerial 8th Street 8th Street Lucy s Furniture Charo s Furniture Green Trees Grocery Outlet SITE 4th Avenue Yuma Pioneer Cemetery Dunn Grain Co. Seed Supplier Economic Security Department PGM Management 14 Screens Pacific Avenue Desert Lawn Memorial Park Yuma Municipal Court Yuma Police HQ YUMA PALMS REGIONAL CENTER 16th Street 16th Street Del Sol Market Yuma Mineral Spring EXCLUSIVELY PRESENTED BY SRS 17

18 Market Overview EXCLUSIVELY PRESENTED BY SRS 18

19 SOMERTON AVE AVE A AVE 3 E AVE 4 E AVE A AVE 3 E AVE A PACIFIC AVE AVE 4 E AVE 6 E ARABY RD AVE 8 E AVE 9 E WINTERHAVEN DR NAPA AUTO PARTS SUPERSTORE PICACH Market Map ARIZONA C A LIFORN A RIZON A IA Winterhaven 1ST ST Los godones COUNTY 8TH ST COUNTY 9TH ST 16TH ST 3RD ST 8TH ST GISS YUMA PKY 8TH ST PACIFIC AVE COUNTY 10TH ST AVE D AVE C 24TH ST AVE B 4TH AVE AVE 24TH ST GI L A RIDGE RD 24TH ST ARABY RD 24TH ST FORTUNA RD COUNTY 11TH ST 32ND ST ARIZONA 32ND ST 32ND ST NORTH FRONTAGE RD SOUTH FRONTAGE RD 40TH ST Yuma International Airport 40TH ST 40TH ST F F AVE G SOMERTON AVE AVE D AVE C AVE B AIRPORT LOOP 4TH AVE AVE 5 E COUNTY 14TH ST COUNTY 14TH ST 2016 ESTIMATED POPULATION COUNTY 15TH ST SOMERTON MAIN ST Somerton Airport AVE B COUNTY 15TH ST COUNTY 16TH ST COUNTY 17TH ST AVE 5 E 96, AVERAGE HOUSEHOLD INCOME $59, ESTIMATED TOTAL EMPLOYEES 49,185 VE G RTON AVE EXCLUSIVELY PRESENTED BY SRS 19

20 Market Overview About Yuma Yuma is the largest city in Arizona outside the metro areas of Phoenix and Tucson, and is the principal city and county seat of Yuma County Metropolitan Statistical Area. Roughly 70,000 winter residents supplement the city s population in the winter months, and an additional 300,000 visit the city annually. The agriculture industry in Yuma County represents an annual gross economic return of $3.3 billion, or more than one-third of Arizona's annual total of $9.2 billion. Yuma County is first in the state and third in the nation for vegetable production. In fact, about 90 percent of all the leafy vegetables grown in the U.S. from November through March are grown in and around the Yuma area. Yuma County is home to two premier military installations, MCAS Yuma and U.S. Army Yuma Proving Ground. The military is the second largest contributor to the local economy after agriculture. MCAS Yuma is the busiest air station in the Marine Corps, and supports 80 percent of the Corps' air-to-ground aviation training because of its access to 2.8 million acres of training ranges and superb flying weather. Each year, approximately 100 aviation units deploy here for training, bringing about 14,000 personnel and 600 aircraft to Yuma for periods lasting from a few days to seven weeks. Yuma County's largest single civilian employer is the Yuma Proving Ground. At 1,300 square miles, YPG today is one of the world's largest military installations, hosting up to 100 tests simultaneously. Every year, tens of thousands of artillery, mortar and missile rounds are fired, 36,000 parachute drops take place, over 130,000 test miles are driven, and nearly 4000 air sorties are flown. HISTORIC YUMA Yuma's downtown dates back to the 1920s, and offers a variety of shopping, dining, and entertainment.

21 Exclusively Retail. Extensive Solutions. SRSRE.COM EXCLUSIVELY PRESENTED BY SRS 21