WE ARE

THE CENTER

OF RETAIL

OFFERING MEMORANDUM

6550-6560 N. THORNYDALE ROADTwo Tenant Retail Property for Sale | Tucson, Arizona 85741

PICOR Commercial Real Estate Services

5151 E. Broadway Blvd, Suite 115

Tucson, Arizona 85711

phone: +1 520 748 7100

picor.com

For more information, please contact:

Aaron LaPrise / Retail Properties, Principal / alaprise@picor.com / +1 520 546 2770

Greg Furrier / Retail Properties, Principal / gfurrier@picor.com / +1 520 546 2735

City, State

24/30/2020

Investment Highlights

• Net Operating Income $246,998.40

• Both tenants recently extended their leases showing their commitment to the property

• Both tenants have been located at property since it was constructed in 2001

• Tenant occupancy is 100% with replaceable rents

• Located along major regional retail corridor, at signalized intersection entrance to Costco and Home Depot

• Located in an Opportunity Zone

• Quality construction, flexible design elements, with 8 bay automotive

• Stable cash flow

• Staggered lease terms with strong national and regional tenant mix

• Professionally managed

DESCRIPTION

2

City, State

34/30/2020

PROPERTY INFORMATION

Location

6550-6560 N. Thornydale Road

Southeast corner of Thornydale Rd

& Costco Dr, Marana, AZ 85741

Building Size

13,900 SF strip center

Parcel

60,400 SF of land. Pima County

Tax Assessor’s parcel number 101-

03-916E

Access

Ingress and egress to the property

is exceptional with primary entry

points at traffic signal on

Thornydale Rd

Condition

Excellent. This is well maintained

and in excellent overall condition

Zoning

The property is zoned

Neighborhood Commercial (NC -

Town of Marana)

Parking

66 surface

Age

The building was built 2001

City, State

44/30/2020

Suite TenantTotal

OccupiedSize (SF)

Lease Term Expiration

OptionsMonthly

Base RentAnnual

Base RentRent

IncreasesNext Rent Increase

6550 N. Thornydale

Merle’s Automotive

Supply (NAPA Auto

Parts)

51.8% 7,200December

31, 2025(1) 5-year $12,083.20* $144,998.40

2.5%

Annually

January

1, 2021

6560 N. ThornydaleBRAKEmax (Greenbriar

Equity Group, L.P)48.2% 6,700

November

30, 2026(3) 5-year $8,500.00 $102,000.00

$500/Month

Every 5 years

December

1, 2021

Total 100% 13,900 $20,583.20 $246,998.40

*Reflects Merle’s increased Base Rent as of January 1, 2021

RENT ROLL

Property Operating

Net Operating Income $246,998.40

Capitalization Rate 6.75%

Purchase Price $3,660,000

Price Per Sq Ft $263

City, State

54/30/2020

TRADE AERIAL

Ina Rd

Th

orn

yd

ale

Rd

Orange Grove Rd

New Interchange

Now Open

27,713 VPD (2017)

35,573 VPD (2018)

SUBJECT

City, State

74/30/2020

City, State

84/30/2020

Site Plan

City, State

94/30/2020

Floor Plans

Suite Tenant Size (SF)

6560 BRAKEmax Car Centers 6,700

6550 Merle’s Automotive Supply 7,200

6550

6560

City, State

104/30/2020

Southern Arizona’s trusted auto service company since 1997

• ASE-Certified Master Technicians

• Commitment to superior Customer Service

• 15 convenient neighborhood locations in and around Tucson, AZ

• All locations are AAA certified a certification that requires specialty

state of the art equipment, certified technicians and quality AAA facilities

standards. Several of the locations are also certified AAA Green

Locations, which means passing environmentally friendly business

practice guidelines set by AAA.

• More than Brakes… Complete car care means BRAKEmax offers

service on American and import cars and trucks including Fluids and

Filters, shocks and struts, Air Conditioning, CV Boots and Axles,

Computerized Alignment, Belts and Hoses, Cooling systems, Starters

and Alternators, transmission repair, and most frequent maintenance

services.

In addition to complete auto repair and maintenance, BRAKEmax also

offers Auto Glass Replacement in Tucson, AZ through Max Auto Glass –

the newest division of BRAKEmax.

Owned by GB Auto Service, Inc., a division of Greenbriar Equity Group,

L.P., is the 10th largest retail tire and auto service dealership in the U.S.,

with 116 outlets spread among four states.

The company's first acquisition in the automotive aftermarket -

BRAKEMax Car Care Centers of Arizona - was in 2017.

Founded in 1999, Greenbriar (www.greenbriarequity.com) focuses

exclusively on sectors where we can bring deep domain Greenbriar

Equity Group L.P., a Rye, N.Y.-based private equity firm has holdings in

from automotive to aerospace. Greenbriar’s investors include some of

the world’s largest foundations, university endowments, family offices

and insurance companies. Since our founding in 1999, Greenbriar has

raised over $4.0 billion of committed capital across four funds, acquiring

31 platform companies and 51 add-on acquisitions to date.

TENANT SUMMARIES

Was founded over 60 years ago, and with 11 locations, is a leading

automotive parts distributor serving both the commercial and retail

markets in the greater Tucson and southern Arizona area.

Merle’s was purchased by Genuine Parts Company (NYSE: GPC) in

2017.

2019 calendar year end reflected a record $19.4 Billion in Sales.

With over 90 years of distribution expertise, Genuine Parts Company is

a distributor of automotive replacement parts, industrial replacement

parts, office products and electrical/electronic materials. GPC serves

numerous customers from more than 3,100 operations around the world,

and has approximately 50,000 employees. It owns the NAPA Auto

Parts brand.

The Automotive Parts Group, the largest division of GPC, distributes

approximately 530,000 automotive replacement parts, accessory items,

and service items throughout North America, Australasia, France, the

U.K., Germany, and Poland. In North America, parts are sold primarily

under the NAPA brand name, which is widely recognized for quality

parts, quality service, and knowledgeable people. There are 6,000+

NAPA AUTO PARTS stores and 57 DCs in the U.S. NAPA distribution

system has more than 500,000 part numbers which are distributed

across 57 distribution centers, 6,000 NAPA AUTO PARTS stores, and

more than 16,000 NAPA AutoCare and AutoCare Collision Centers

throughout the United States.

The Company also distributes industrial replacement parts in the U.S.,

Canada and Mexico through its Motion Industries subsidiary. S. P.

Richards Company, the Office Products Group, distributes business

products in the U.S. and Canada. The Electrical/Electronic Group, EIS,

Inc., distributes electrical and electronic components throughout the

U.S., Canada and Mexico.

City, State

114/30/2020

RESUME

Aaron LaPrise Principal | Retail Properties

Direct +1 520 546 2770

alaprise@picor.com

Profile

Aaron LaPrise joined Cushman & Wakefield | PICOR in March 2012. As a native Tucsonan, his community ties and retail market knowledge make him a standout in

the commercial retail arena. Aaron brings depth to Cushman & Wakefield | PICOR’s seasoned Tucson retail brokerage team, where he represents both shopping

center owners and retailers. He began his real estate career in 2004 with the retail group at CBRE’s Tucson office, then spent six years specializing in shopping

center development brokerage and tenant representation at The Harpel Company. Aaron has continually been one of the most active retail brokers in Southern

Arizona and is involved in numerous industry organizations. He has consistently received CoStar Group’s Power Broker Designation, signifying his place among

Tucson retail brokers with the highest transaction volume in the market. Aaron's strong work ethic, focus on relationships and analytical ability translate to strategic

solutions for his clients.

Partial Client List

• Anytime Fitness

• Aspen Enterprises

• Ault Companies

• Bank of the West

• Bassett Hayden & Ray

• Bassett Property Co

• Baskin Robbins

• Body Central Physical

Therapy

• Bridge 33 Capital

• Brooklyn Bedding

• Bruegger’s Bagel’s

• Carl’s Jr

• Cottonwood

Properties

• CVS

• Dairy Queen

• Davidson Myers &

Assoc.

• Domino’s

• DriveTime

• El Molinito

• El Pollo Loco

• El Pollo Feliz

• Fleet Feet Sports

• Fletcher Tire

• Forest City

• Fry’s Food Stores

• Jack in the Box

• JP Morgan Chase

• Jimmy John’s

• Loma Catalina

• Long Realty

• Los Betos

• Massage Envy

• McDonald’s

• Mister Car Wash

• Newquist Properties

• Nico’s

• O’Reilly Auto Parts

• Pederson Group

• Pizza Hut

• Quik Mart Stores

• R & S Mattress

• Rancho Sahuarita

• Starbucks

• Subway

• Rio West Development

• Safeway

• Sears Financial Corp

• Silver Point Capital

• Southern Arizona

Urgent Care

• Taco Bell

• Walgreen’s

• Webb Family

Partnership

• Weingarten Realty

• Wells Fargo

Affiliations and Achievements

• 2018 Cushman & Wakefield | PICOR Top Retail Producer

• Certified Commercial Investment Member (CCIM) -

Candidate

• CoStar Group – Power Broker

• International Council of Shopping Centers (ICSC) - Member

• Urban Land Institute – Young Leaders Group

Education

• University of Arizona – Tucson, Arizona

- Bachelor of Science - Business Administration- Marketing

- Minor - Regional Development

City, State

124/30/2020

RESUME

Greg Furrier Principal | Retail Properties

Direct +1 520 546 2735

gfurrier@picor.com

Profile

Greg Furrier, a lifelong Tucsonan, has been active in commercial real estate since 1985. He joined CB Commercial in 1986 as a retail sales and leasing specialist.

Greg earned CB’s Rookie of the Year award in 1987, and distinguished himself as one of the top five producers within the Tucson office, as well as the top producing

retail broker every year while at CB Commercial. He joined Cushman & Wakefield | PICOR in 1996 and focuses on landlord and tenant representation. Greg has

been the top producing retail broker most every year since joining PICOR and has received many company awards, including top overall producer and Presidents

Award for Excellence.

Greg has been involved with the local family-owned Western Tire Centers, Inc. His experience in virtually every position -- from warehouse employee to store

manager -- served as the foundation for Greg’s highly successful sales career.

Affiliations And Achievements

• Goodwill Industries of Southern Arizona – Past Board President

• Western Tire Centers, Inc. – Board of Directors

• COPE Behavioral Health Organization – Past Board President

• International Council of Shopping Centers (ICSC) – Organization

• Urban Land Institute - Member

Education

• University of Arizona – Tucson, AZ

• Bachelor of Science – Finance and Real Estate

Partial Client List

Selected Sales

Institutional SellersSelected Tenant / Buyer Representations

• Bank of America

• Bank of Orient

• Chase Bank

• Humana

• Wells Fargo Bank

• New West Federal

• Corporate Life

Company

• Metropolitan Life

• Firestone

• Sun Life of Canada

• Starbucks

• Boston Market

• Einstein Bagels

• Computer City

• Goodwill

Industries

• Family Dollar

Stores

• Just for Feet

• Beauty Brands

• Skechers

• Burger King

• Golden Corral

• Wendy’s

• Old Chicago Restaurants

• Tony Roma’s Restaurants

• Subway

• Public Storage

• Walgreens

• Smashburger