OFFERING MEMORANDUM

Out Parcel to Elliot Plaza Shopping Center

TEMPEARIZONA

CONFIDENTIALITY AND DISCLAIMERThe information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICEMarcus & Millichap Real Estate Investment Services, Inc. (“M&M”) is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of w, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of M&M, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.

Y U M A

A P A C H E

C O C H I S E

C O C O N I N O

G I L A

G R A H A M

G R E E N L E E

M A R I C O P A

M O H A V E

N A V A J O

P I M A

P I N A L

S A N T A C R U Z

Y A V A P A I

L A P A Z

Bylas

Camp Verde

Cave Creek

Clarkdale

Dudleyville

Duncan

Fredonia

Gila Bend

Grand Canyon Village

Hayden

Huachuca City

Jerome

Lakeside

Lukachukai

Mammoth

Many Farms

Marana

McNary

Oro Valley

Patagonia

Pima

Pinetop

Pirtleville

Sacaton

San Luis

Sells

Springerville

Stargo

Sun Lakes

Taylor

Tombstone

Wellton

Winkelman

Yuma Proving Ground

Bagdad

Benson

Buckeye

Cashion

Catalina

Central Heights-Midland

Chinle

Chino Valley

Claypool

Clifton

Cottonwood

Eagar

El Mirage

Florence

Fort Defiance

Fountain Hills

Goodyear

Guadalupe

Kayenta

Kearny

Litchfield Park

Luke AFB

Miami

Morenci

Oracle

Page

Parker

Prescott Valley

San Carlos

Show Low

Snowflake St. Johns

Sun City West

Superior

Surprise

Thatcher

Tolleson

Tucson Estates

Whiteriver

Wickenburg

Willcox

Williams

Williams AFB

Window Rock

Youngtown

Ajo

Apache Junction

Avondale

Bisbee

Coolidge

Davis-Monthan AFB

Dreamland-Velda Rose

Eloy

GilbertGlobe

Green Valley

Holbrook

Kingman

Payson

Safford

San Manuel

Sedona

Somerton

South Tucson

Tuba City

Winslow

Bullhead City

Casa Grande

Douglas

Lake Havasu City

Nogales

Paradise Valley

Peoria

Prescott

Sierra Vista

Chandler

Flagstaff

Sun City

Yuma

MesaTempe

GlendaleScottsdale

Tucson

Phoenix

177

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389

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15

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40

4040

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40

88

88BR

Investment Summary .........................................1Lease Abstract ....................................................2Investment Highlights.........................................4Aerial Map .........................................................5Site Plan ............................................................7Tenant Summary ................................................9Location Map ...................................................11 Location Overview ............................................13Arizona State University—Tempe, AZ .................14Location Highlights ...........................................16Demographics ..................................................19

TABLE OF CONTENTS

7670 S PRIEST DRIVE, TEMPE, AZ 85284

PRICE: $2,234,000 CAP: 6.50% RENT: $145,180**

INVESTMENT SUMMARY

O V E R V I E W

Price $2,234,000

Gross Leasable Area (GLA) 4,270 SF

Lot Size (approx) 1.0 Acres

Net Operating Income $145,180

CAP Rate 6.50%

Year Built 1994

A N N U A L I Z E D O P E R AT I N G D ATA

Lease Term Annual Rent

1-5 $145,180

6-10 (Option 1) $159,698

11-15 (Option 2) $175,668

L E A S E A B S T R A C T

Lease Type* NN

Original Lease Term 5 Years

Lease Term Commenced 6/1/2018

Lease Expiration 5/31/2023

Remaining Lease Term 4.0

Renewal Options 2x5

Increases Bumps every 5 years, see side bar

Landlord Responsibilities Roof & Structure, etc. * See Lease Abstract on following page** 31% below market rents

LEASE SIGNED BY PARENT COMPANY OPERATING AS EYE GLASS WORLD

1

LEASE ABSTRACTE Y E G L A S S W O R L D

Tenant Eyeglass WorldGuarantee National Vision Inc.Initial Term 5 yearsOptions 2x5Lease Commencement 6/1/2018Years Remaining (Base Term) 4.5Percentage Rent NoneSecurity Deposit NoneTenant CAM Charges Tenant to pay pro rata share of Real Estate Taxes, Common Area Expenses and Insurance, $3.67 SF of floor area of the premises.

Common Area thereafter subject to 5% annual increases.Rental Tax Tenant responsible for rental tax, currently 2.3% in the City of Tempe, AZ.Reporting Tenant shall report annual gross sales upon written landlord request.Real Estate Taxes Tenant responsible.Parking Nonexclusive rights to entire center (may be adjusted once subdivision occurs).Landlord Maintenance Roof, foundation, concrete slab floor, structural joists, and load bearing, exterior and interior walls. Landlord also responsible for the

exterior of the shopping center and the premises including landscaping, parking lots and sidewalks, any utilities associated with the common area or the exterior of the premises, sprinkler systems servicing the premises, any fire sprinkling main and system servicing the premises.

Tenant Maintenance Repair and keep in good order store front, interior, all exterior doors, HVAC, plumbing, fixtures, equipment, glass replacement, repair whether interior/exterior. Tenant also responsible for all utilities utilized within the premises.

Property Insurance Tenant shall at all times during the term maintain commercial general liability insurance. Landlord shall be named as add’l insured.Estoppel & SNDA 30 day turn around. Tenant not required to provide more than two estoppels per calendar year.

2

* Property boundaries TBD.

3

INVESTMENT HIGHLIGHTS

t Outpad to Elliot Plaza Shopping Center, an 18.41 acre retail destination, anchored by LA Fitness.

t The Shopping Center is 100% leased which contributes to the Center’s population of patronage.

t Traffic count exceeds 202,000 vehicles passing in front of or near the site daily contributing tenant visibility

t Strong population density where over 275,635 residents live within a 5 mile radius of the site.

t Located in close proximity to Arizona State University

213,727 VPD

272,509TOTAL POPULATION WITHIN 5-MILE RADIUS

$88,811AVERAGE HOUSEHOLD INCOME WITHIN 5-MILE RADIUS

- INTERSTATE 10

21,586 VPD - PRIEST DRIVE33,453 VPD - ELLIOT ROAD

4

Burger King

ELLIOT ROAD - 33,453 VPD

McDonald’s

S PRIEST DRIV

E - 21,586 VPD

I-10 - 213,727 VPD

5

ELLIOT ROAD - 33,453 VPD

S PRIEST DRIV

E - 21,586 VPD

I-10 - 213,727 VPD

The site is strategically situated at the primary signalized intersection at Elliot Rd., and Priest Dr., just off the freeway along the region’s retail corridor located between I-10 and Loop 101. The surrounding area benefits from strong daytime population fed by its proximity to the Arizona State University Research Park and the Discovery Business Park along with over 3,000,000 SF of office and light industrial space.

6

SITE PLANW

ELL

IOT

BLV

D

AU

TO D

RIV

E

PRIEST DRIVE

7NOTE: Site plan to be adjusted once subdivision is finalized

8

EYEGLASS WORLD

Eyeglass World, LLC operates a chain of eyewear stores in the United States. It offers glasses for men and women, and kids; designer glasses, sunglasses, and safety eyewear; functional and fashionable safety eyewear with various lenses and frames; contact lenses accessories; anti-reflective coating, transitions color-changing, impact-resistant polycarbonate lenses; and single vision plastic lenses. The company also provides optometry services. In addition, it sells eyeglasses online. The company was founded in 1988 and is based in Duluth, Georgia. As of January 23, 2009, Eyeglass World, LLC operates as a subsidiary of National Vision, Inc.

National Vision, Inc. operates as a retailer and manufacturer of eyeglasses and value retailer of contact lenses. The company operates through Owned and Host, and Legacy segments. It offers eyeglasses and contact lenses, as well as optometric services. As of July 1, 2017, the company operated 980 retail stores in 44 states, as well as 19 e-commerce Websites. National Vision, Inc. was founded in 1990 and is headquartered in Duluth, Georgia. National Vision, Inc. is a subsidiary of National Vision Holdings, Inc. They opened 504 stores in the past 10 years and have delivered 65 consecutive quarters of positive comparable store sales growth. They employ 10,000 +/- employees and have plans to open 75 new locations through 2020.

National Vision Holdings, Inc., through its subsidiaries, operates as an optical retailer primarily in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses under the America’s Best, Eyeglass World, Walmart Vision Center, Vista Optical Fred Meyer, and Vista Optical Military brand stores, as well as provides optometric services. As of Nov 13, 2018, the company operated 1,067 retail stores. It also operates 18 consumer Websites. National Vision Holdings, Inc. was founded in 1990 and is based in Duluth, Georgia.

TENANT SUMMARY

9

DULUTH, GAHEADQUARTERS

PARENT COMPANY

PRESIDENT

LOCATIONSFOUNDED

MARCO MUSA

100+1988

NATIONAL VISION HOLDINGS INC

WEBSITE

WWW.EYEGLASSWORLD.COM

EYEGLASS WORLD

10

Scottsdale

Cave Creek

Carefree

Peoria

PHOENIX

Surprise

Glendale

Sun CityWest

SunCity Fountain

HillsEl

Mirage

Youngtown

ParadiseValleyLuke

AFB

LitchfieldPark

Mesa

Goodyear

Avondale

Buckeye

Tolleson

Tempe

Gilbert

Guadalupe

ChandlerKomatke

QueenCreek

SunLakes

GilaBend

ApacheJunction

Santan

Sacaton

BlackwaterAk-Chin

Coolidge

CasaGrande

Eloy

FederalCorrectional

Institute

Moon ValleyCountry Club

North/SouthGC

Quail RunGC Scottsdale Country Club

Sun CityCC

CountryMeadows GC

ScottsdaleStadium

CypressGC Royal

Palms GCPhoenixStadium

StateCapitol

AmericaWest Arena Mesa

CC

RiverviewGC

Sun Devil Stadium

Tempe DiabloStadium Fiesta

Lakes GC

DobsonRanch GC

CompadreStadium

Gila BendAir Force Station

Salt River Pima-MaricopaIndian Reservation

Fort McDowellMohave-Apache

Indian Reservation

Gila RiverIndian Reservation

MaricopaAk-ChinIndian

Reservation

Gila RiverIndian Reservation

Red MountainDistrict Park

Lost DutchmanState Park

Casa Grande RuinsNat'l Monument

Estrella MountainRegional Park

Phoenix South Mountain Park

TontoNat'l

Forest

McDowellMountain

Park

ThunderbirdPark

White TankMountain

Regional Park

Cave

Cre

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Gila River

Verde R

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Verde River

Hass

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Salt River

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Gila River

Beeli

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New R

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7th

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St

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7th

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Cave

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Scot

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Rd

Scot

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Rd

Pim

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56th

St

Carefree Hwy

Morristown Hwy

Carefree Hwy

Scot

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Rd

Lake

Plea

sant

Rd

Cave

Cree

k Rd

Tatu

m B

lvdTa

tum

Blvd

Dynamite Blvd

Dixileta Dr

Lone Mountain Rd

Happy Valley Rd

51st

Ave

51st

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19th

Ave

67th

Ave

67th

Ave

67th

Ave

35th

Ave

83rd

Ave

83rd

Ave

Pinnacle Peak Rd

Jomax Rd

Pinnacle Peak RdPinnacle Peak Rd

59th

Ave

40th

St

Deer Valley Rd

Canal R

d

Deer Valley Rd

75th

Ave

75th

Ave

Johnson Blvd

El M

irage

Rd

Beardsley RdBeardsley RdBeardsley Rd

43rd

Ave

32nd

St

32nd

St

99th

Ave

91st

Ave

91st

Ave

107t

h Av

e10

7th

Ave

Union Hills DrUnion Hills Dr

El M

irage

Rd

Bell RdBell Rd

64th

St

64th

St

64th

St

56th

St

Dysa

rt Rd

Surp

rise

Ave

Hayd

en R

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Bush HwyGreenway Rd

Greenway

RdGreenway Rd

Bear

dsley

Can

al Rd

Fountain

Hills Blvd

59th

Ave

Palisades

Blvd

Thunderbird RdThunderbird Rd Thunderbird Rd

111t

h Av

e

Sweetwater Ave

24th

St

24th

St

Cactus RdCactus Rd 66th StCactus Rd

108t

h St

96th

St PalominoBlvd Kingstree

BlvdShea BlvdPeoria Ave

44th

St

Via LindaMountain View Rd

104t

h St

Doubletree Ranch RdDunlap AveOlive Ave

Cent

ral A

ve

27th

Ave

Via DeVentura

Beeline Hwy

Northern Ave

16th

St

Litch

field

Rd

Glendale AveLincoln Dr

63rd

Ave

105t

h Av

e

Inve

rgor

don

Rd

Mcdonald DrBethany Home Rd

20th

St

Bush

Hwy

Camelback RdCamelback Rd

Pim

a Rd

Indian School Rd Indian School RdIndian School Rd

Redmont

DrOsborn Rd

Reck

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Thomas Rd

Powe

r Rd

Thomas Rd

115t

h Av

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Grand Ave

Encanto Blvd Oak St

52nd

St

Reem

s Rd

195t

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Tuth

ill Rd

Mcdowell Rd Mcdowell RdMcdowell Rd

ValV

ista

Dr

Palo

Verd

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Galvi

nPk

wy

Tonopah Salome Hwy

Higle

y Rd

Colle

ge A

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Mckellips RdMckellips RdVan Buren St

Mcc

linto

ck D

r

Buckeye Rd

99th

Ave

Stap

ley D

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Washington St

7th

Ave

7th

Ave

19th

Ave

Cent

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ve7t

h St

24th St

24th

St

59th

Ave

User

y Pas

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91st

Ave

51st

Ave

35th

Ave

Curry Rd

Jack

rabb

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Sky Harbor Blvd Brown RdBrown RdYuma Rd

Cotto

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Western Ave

Mille

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Mill

Ave

Pries

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Rura

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Mcc

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Estre

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Estre

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Ogles

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University Dr University Dr

Dobs

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40th

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40th

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52nd

St Main StMain StMain St Apache TrlApache Blvd

Linds

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Alm

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RdAl

ma

Scho

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Mes

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Powe

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Coun

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Gilbe

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Rd

Crism

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48th

St

48th

St

Broadway Rd Broadway RdBroadway Rd Broadway Ave32

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nd S

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Soss

aman

Rd

Pueblo RdSouthern AveSouthern AveSouthern AveSouthern Ave

Baseline Rd Baseline RdBaseline RdBaselineRd Baseline Rd

Mcq

ueen

Rd

20th

St

Salome Hwy

Guadalupe Rd Guadalupe RdDobbins Rd

44th

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Price

Rd

Elliot Rd Elliot Rd

Coop

er R

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Warner Rd

Ellsw

orth

Rd

Ray Rd

Rura

l Rd

Ray RdWilliams Field RdChandler BlvdChandler

Blvd Arizo

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ve

Dese

rt Fo

othills

Pkwy

Liberty LnPecos Rd

Pecos Rd

Mar

icopa

Rd

Maricopa Rd

Higle

y Rd

Beltline Road

Queen Creek RdQueen Creek Rd

Gilbe

rt Rd

Gilbe

rt Rd

Mer

idian

Rd

Alm

a Sc

hool

Rd

Riggs Rd

Price

Rd

Dobs

on R

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Hunt HwyHunt Hwy

Mobile Rd

Cotto

n Cen

ter R

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Watermelon Rd

Stou

t Rd

Butterfield Tr Rd

Apache

Trl

Mckellips Blvd

Corte

z Rd

Ironw

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Dr

Mer

idian

Rd

Idah

o Rd Lost Dutchman Blvd

Superstition Blvd

Holm

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Mou

ntain

View

Rd

Old West Hwy

Goldf

ield

Rd

Tom

ahaw

k Rd

Southern Ave

Kings

Ranch Rd

Moe

ur R

dM

ount

ain R

d Vine

yard

Rd

Indian Rt 3

Combs Rd

Schn

epf R

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Hunt Hwy

Hunt Hwy

Hunt Hwy

Maric

opa R

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Mar

icopa

Rd

Queen Creek Rd

Quail

Run

Ln

Bella Vista Rd

Felix

Rd

Indian Rt 1

Indian Res Rt 1

Arizona Farms RdCasa Blanca Rd

Indian Res Rt 9

Ralst

on R

d

Sage

St Garvey Ave Casa Grande Ave

Maricopa Casa Grande Hwy

Bowlin Rd

Hidd

enVa

lley R

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Amar

illoVa

lley R

d

Curry

Rd

Arizo

na B

lvd

Cowtown Rd

Whit

e Pa

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Rd

Whit

e Pa

rker

Rd

Papago Rd

War

ren

Rd

Kenilworth RdCoolidge AveVal Vista Rd

Ralst

on R

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Pina

l Ave

Miller Rd McCartney Rd

Mon

tgom

ery R

d

Windsor Rd

Barnes Rd

Cent

ral A

ve

Bian

co R

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Kortsen Rd Kortsen Rd

N Casa Grande Ave

Main Ave

Hidd

enVa

lley R

d

Cottonwood LnBeverly Hills Dr

Clayton RdMcmurray BlvdDune Shadow Rd

Gila Bend Hwy Florence BlvdArizona Dr

Thor

nton

Rd

Elev

en M

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orne

r RdAsh Ave

Trek

ell R

d Main StPowerlineRd

Chuic

ha R

d

Cornman Rd

Tolte

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Sign

al Pe

ak R

d

Beggs Rd

Sunla

nd G

in Rd

Hanna RdHannaRd

Estre

lla R

d

ChiricahuaSt

Frontier St

Shedd Rd Shedd RdShedd Rd

India

nTra

il Rd

Twee

dy R

d

Houser Rd

Battaglia Dr Battaglia Rd

128t

hAv

eStardust Blvd

DelW

ebb

Blvd

Greenway Pkwy

Cave Creek Rd

Frank Llo yd Wright Blvd

SaguaroBlvd

Bush

Hwy

WarnerE

lliot L

oop

Jomax Rd

Candlestick Dr

Citru

s Rd

Waddell Rd

Glendale Ave

Camelback Rd

Perry

ville

Rd Thomas Rd Thomas Rd

Sunri

se B

lvd

Union Hills DrUnion Hills Dr

Greenway Rd

Cotto

n Ln

Sariv

al Av

e

Reem

s Rd

Bulla

rd A

ve

Litch

field

Rd

Cactus Rd

Peoria Ave

Linds

ay R

d

Reck

er R

dRe

cker

Rd Soss

aman

Rd

Hawe

s Rd

Crimson Rd

Coop

er R

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ValV

ista

Dr

Rittenhouse Rd

Gree

nfiel

d Rd

Pecos Rd

Mcq

ueen

Rd

Germann Rd

Queen Creek Rd

Crism

on R

d

Reeb

s Rd

Ocotillo Rd

Price

Rd

Chandler Heights Rd

Riggs Rd

Germann Rd

Pima Rd

Kenw

orth

y RdOcotillo Rd

Mes

a Rd

Coun

try C

lub D

r

Indian School Rd

Thomas Rd

Indian Bend Rd

CanalBank Rd

Hawe

s Rd

Germann Rd

Pries

t Dr

Kyre

ne R

d

75thAve

27th

Ave

35th

Ave

Dobbins Rd

Elliot Rd

75th

Ave Elliot Rd 59

th A

ve

Carver RdEstrella Dr

Saint Johns

Mission Rd

Pecos Rd

43rd

Ave

75th

Ave

67th

Ave

83rd

Ave

Lower Buckeye Rd

107t

h Av

eLower Buckeye Rd

123r

d Av

e Broadway Rd

Southern Ave

Indian Springs Rd

Southern Ave

Citru

s Rd

Broadway Rd

Airp

ort R

d

Beloat Rd

93rd

Ave

27th

Ave

33rd

Ave

16th

St

Desert Hills Dr

17th

Ave Joy Ranch Rd

Cloud RdCloudRd

64th

St

Happy Valley Rd Alm

aSc

hool

Rd

Jomax Rd 116t

h St

118t

h St

64th

St

Deer Valley Rd

Indian School Rd

Turn

er R

d

John

son

Rd

Brun

er R

d

Baseline Rd

Lower River RdHazen Rd

John

son

Rd Brun

er R

d

Narramore Rd

McDowell Rd

Wat

son

Rd

Dean

Rd

Apac

he R

d

Rook

s Rd

Lower Buckeye Rd

Buckeye Canal Rd

Elliot Rd

Rainbow Valley Rd

Tuth

ill Rd

Narramore Rd

Ray Rd

155t

h Av

e

171s

t Ave

Williams Field Rd

163r

d Av

e

203r

d Av

e

Queen Creek Rd

Ocotillo Rd

Sand

ia Rd Buenos Aires Rd

Riggs Rd

Hunt Hwy

Tuth

ill Rd

Ocotillo Rd

Indian Rd

Skyline Dr

Thom

pson

Rd

Phillips Rd

Drifter Pass Rd

Judd RdJudd Rd

Atta

way R

d

Heritage Rd

Quail

Run

Ln Co

oper

Rd

Bonnybrook Rd

Sier

raVi

sta R

d

Atta

way R

d

Ranchview Rd

Palmer Rd

Valle

y Far

ms R

d

Clem

ans R

d

Mayfield Rd

Nafzi

ger R

d

Blackwater Rd

Mac

rae

Rd

Mayfield Rd

Skou

sen

Rd

Kenw

orth

y Rd

Santan BaptistChurch Rd

Indian Route 68

India

nRo

ute

121

IndianRoute 72In

dian

Rout

e 12

5

Indian Route 60

India

n Ro

ute

97

India

nRo

ute

85 Saint Peters Mission Rd

India

n Ro

ute

93

Smith Enke Rd

Ande

rson

Rd

Mur

phy R

d

Hartm

an R

d

Honeycutt Rd

Whit

e Pa

rker

Rd

Fuqu

a Rd

Farrell Rd

Steen Rd

Russ

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Peters andNall Rd

TradingPost Rd

India

n Ro

ute

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India

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Seed Farm RdSouthsideCanal Road

Gree

n Rd

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ren

Rd

Table

Top

Rd

La Barranca DrMcdavid Rd

Whit

e Rd

Whit

e Rd

Cattle

Dr Peters And Nall RdPeters And Nall Rd

Fulcar Rd

Teel RdTeel Rd

Miller Rd

Sage

St

Smith

Rd

Table

Top

Rd Meadow Green Rd

Century RdClaytonRd

Arroyo Rd

Fresno Rd

Robin RdPiedra Rd

Teel Rd

Barnes Rd

Kortsen Rd

Meadow View Rd

Smith

Rd

Porte

r Rd

Miller Rd

Midw

ay R

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Pres

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Barnes Rd

Stan

field

Rd

Lelaand RdClayton Rd

India

nVall

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Peters RdPeters Ave

Corra

les R

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Val Vista Rd

Teel Rd

Miller Rd Scot

t Dr

Burri

s Rd Te

rkell

Rd

Val Vista Blvd

Woodruff Rd

Pear

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hingt

on R

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Rodeo Rd

Henn

ess R

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Kleck Rd

Story Rd

Millrise Rd

Waverly DrGhost Ranch Rd

Henn

ess

Rd

Vah Ki Inn Rd

Twee

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Bechtel Rd

Cox R

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Val Vista Rd

Tolte

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Woodruff Rd

Over

field

Rd

Randolph Rd

Sign

a Pe

ak R

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Hacie

nda

Rd

La P

alma

Rd

Suns

hine

Blvd

Martin Rd

Bartlett Rd

Vail R

d

Whe

eler R

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Fast

Trac

k Rd

Suns

hine

Blvd

Vail R

d

Earley Rd

Selma Hwy

Arica Rd Arica Rd

Fast

Trac

k Rd

Houser Rd

Earley Rd

Ethin

gton

Rd

Pear

t Rd

Henn

ess R

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Cox R

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Burri

s Rd

Hanna Rd

Arica Rd

Pear

t Rd

Carm

el Bl

vd

Ande

rson

Rd

Russ

ell R

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Selma Hwy

Cornman Rd

Connelley Rd

Selma Hwy

Ogde

n Rd

187t

h Av

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243r

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Dove Valley Rd Dove Valley Rd

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Sariv

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3rd

Ave

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Lone Mountain Rd

Mou

nbat

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Dixileta DrBradley Rd

203r

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Croz

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Patton Rd

195t

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Jomax Rd

Happy Valley Rd

Black Mountain Rd

Deer Valley Rd

136t

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Lone Mountain Rd

144t

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174t

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152n

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128t

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Bulla

rd A

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Wickenburg Hwy

Grand Ave

Grand Ave

Buckeye Rd

Main St

Monroe Ave

Black Canyon Hwy

Agua

Fria

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Squa

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ak P

kwy

HohokamExwy

Red

Mou

ntai

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Red Mountain Frwy

48th

St

Pima Frwy

Superstition Frwy

Phoenix-Deer ValleyMunicipal Airport

ScottsdaleAirport

FalconField

Phoenix Sky HarborInt'l Airport

WilliamsGateway

ChandlerMunicipal

Airport

Casa GrandeMunicipal Airport

Phoenix CommunityCollege

Grand CanyonCollege

Phoenix JuniorCollege

Phoenix JuniorCollege

Mesa CommunityCollege

Arizona StateCollege

ScottsdaleCommunityCollege

Glendale CommunityCollege

SouthwesternCollege

Central ArizonaCollege

MARICOPAPINAL

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TEMPE, ARIZONA

Tempe, Arizona is just east of Phoenix and is a city in Maricopa County, most famously known for being the location of the main campus of Arizona State University. The University is just 7.5 miles from the subject site.

STATE FARM’S MARINA HEIGHTS campus may be the most significant driver of downtown Tempe’s recent transformation. The ±2.1 million-square foot campus was completed in 2017 and is expected to bring ±8,000 employees to downtown. The Campus is just 8.9 miles from the subject site.

Tempe offers an inviting lifestyle for its residents: Strong employment opportunities, a talented and educated work force, a low cost of living and a community filled with family oriented activities, open space and both water and naturalist activities for the outdoor enthusiast.

The submarket features year-round events, arts, sports, retail, dining, hotels and more. Downtown also draws more than four million visitors annually.

MARICOPA COUNTY/PHOENIX METRO AREA

Maricopa County is largely comprised of the Phoenix metropolitan area, which consists mostly of the cities of Phoenix, Scottsdale, Tempe, Mesa, Chandler, Gilbert, and Glendale, Peoria and several other neighboring cities and towns.

t The county’s 4 million residents ranks fourth among the nation’s counties, and 12th largest metro area in the United States.

t The Phoenix-Mesa metro area is ranked the 6th most competitive metro area in America, according to Forbes, 2014.

t Maricopa County is Arizona’s most populous county, encompassing well more than half of the state’s residents.

t Maricopa County is currently home to 13 Fortune 1000 companies: Apple Inc., ON Semiconductor Corporation, Taylor Morrison Home Corporation, Swift Transportation Company, Amkor Technology, Inc., Republic Services, Inc., Insight Enterprises, Inc., Avnet, Apollo Group (which operates the University of Phoenix), Freeport-McMoRan, Sprouts Farmers Market, Inc., and PetSmart, Pinnacle West, and First Solar.

t Maricopa County’s population growth rate is highest amongst the 10 largest counties in America, growing at nearly 2%, making the county highest in annual population growth.

t Phoenix’s major airport is Sky Harbor International Airport. Serving more than 40 million passengers, making it one of the top ten busiest airports in the U.S. by passenger count.

Source: Gpec, Valley Metro, Phoenix Sky Harbor

LOCATION OVERVIEW

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EVERYTHING THERE IS TO KNOW ABOUT…ARIZONA STATE UNIVERSITY IN TEMPE, AZ

Arizona State University—Tempe is a public institution that was founded in 1885. It has a total undergraduate enrollment of 42,427, its setting is urban, and the campus size is 661 acres. It utilizes a semester-based academic calendar. Arizona State University—Tempe’s ranking in the 2019 edition of Best Colleges is National Universities, 115.

Arizona State University—Tempe, which has one of the largest undergraduate populations in the nation, offers students a wide range of academic and extracurricular options. Collectively, the campuses in Tempe and three other locations in the Phoenix area offer students more than 300 undergraduate academic programs to pick from and more than 500 clubs and organizations to check out. For time away from Arizona, students can choose from more than 250 study abroad options. Freshmen are required to live on campus, unless they commute from a parent’s home, are married or fall under other exceptions. The Arizona State Sun Devils sports teams compete in the NCAA Division I Pac-12 Conference and are particularly known for their baseball prowess.

Arizona State also offers a wide range of highly ranked graduate programs through schools including the W. P. Carey School of Business, the Sandra Day O’Connor College of Law, the Ira A. Fulton Schools of Engineering and the Mary Lou Fulton Teachers College. Among the scores of notable people who have attended ASU are actor David Spade, talk show host Jimmy Kimmel and baseball star Barry Bonds.

ASU has been named the #1 school in the country for innovation by U.S. News & World Report for the last three years, ahead of #2 Stanford and #3 MIT, and the top U.S. public university for international students by the Institute of International Education. ASU’s Tempe campus offers hundreds of degree programs that engage undergraduates and graduates in multidisciplinary research and exploration in first-rate laboratories and facilities. Students pursue a wide range of majors including business, liberal arts, design, engineering, sustainability and the sciences. At ASU, students customize their college experiences by augmenting their classroom study with opportunities for research, study abroad, leading student clubs, volunteering and more. ASU emphasizes innovation and entrepreneurship -- here students can invent products or start ventures with the full guidance and support of the university. With an unrivaled commitment to sustainability, the Tempe campus is the most solar-powered of any in the U.S., exemplified by massive solar structures providing shaded walkways and parking across the campus. It also offers easy access to all of metropolitan Phoenix through public transit including light rail. The expanded fitness complex welcomes students to take a break from their studies and focus on their health, while the Sun Devil Athletics facilities, performing arts venues, including the Frank Lloyd Wright-designed ASU Gammage, museums and vibrant downtown Tempe location complement this diverse university environment.

ARIZONA STATE UNIVERSITY IN TEMPE, AZ

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7.6 Miles from ASU—Tempe Campus

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Y U M A

A P A C H E

C O C H I S E

C O C O N I N O

G I L A

G R A H A M

G R E E N L E E

M A R I C O P A

M O H A V E

N A V A J O

P I M A

P I N A L

S A N T A C R U Z

Y A V A P A I

L A P A Z

Bylas

Camp Verde

Cave Creek

Clarkdale

Dudleyville

Duncan

Fredonia

Gila Bend

Grand Canyon Village

Hayden

Huachuca City

Jerome

Lakeside

Lukachukai

Mammoth

Many Farms

Marana

McNary

Oro Valley

Patagonia

Pima

Pinetop

Pirtleville

Sacaton

San Luis

Sells

Springerville

Stargo

Sun Lakes

Taylor

Tombstone

Wellton

Winkelman

Yuma Proving Ground

Bagdad

Benson

Buckeye

Cashion

Catalina

Central Heights-Midland

Chinle

Chino Valley

Claypool

Clifton

Cottonwood

Eagar

El Mirage

Florence

Fort Defiance

Fountain Hills

Goodyear

Guadalupe

Kayenta

Kearny

Litchfield Park

Luke AFB

Miami

Morenci

Oracle

Page

Parker

Prescott Valley

San Carlos

Show Low

Snowflake St. Johns

Sun City West

Superior

Surprise

Thatcher

Tolleson

Tucson Estates

Whiteriver

Wickenburg

Willcox

Williams

Williams AFB

Window Rock

Youngtown

Ajo

Apache Junction

Avondale

Bisbee

Coolidge

Davis-Monthan AFB

Dreamland-Velda Rose

Eloy

GilbertGlobe

Green Valley

Holbrook

Kingman

Payson

Safford

San Manuel

Sedona

Somerton

South Tucson

Tuba City

Winslow

Bullhead City

Casa Grande

Douglas

Lake Havasu City

Nogales

Paradise Valley

Peoria

Prescott

Sierra Vista

Chandler

Flagstaff

Sun City

Yuma

MesaTempe

GlendaleScottsdale

Tucson

Phoenix

177

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389

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4040

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88BR

LOCATION HIGHLIGHTS

Strong traffic counts contribute to high visibility

with over 76,315 VPD passing in front of Elliot &

South Priest Roads

Strategically located just off of the I-10

TEMPE, AZHOME TO ARIZONA STATE UNIVERSITY

Ease in access and frontage with 5 separate

ingress/egress points

The shop benefits from the 18.41 acre

shopping center

M A J O R E M P L O Y E R S : 2 0 1 7T E M P E , A Z

Arizona State University 11,185Maricopa Community Colleges 4,611SRP 4,374Safeway Inc 3,996Wells Fargo 3,576Freescale Semiconductor (Motorola) 3,000Honeywell 3,000Kyrene School District 2,401Chase Manhattan Corporation 2,377US Airways 2,377

12 Miles from Phoenix

16

* Estimated property boundary.

17

18

272,509Total Population Within 5-Mile Radius

$88,811Average Household Income

Within 5-Mile Radius

$65,777Median Household Income

Within 5-Mile Radius

1 0 6,9 6 0T o t a l H o u s e h o l d s i n 5 - M i l e R a d i u s

11.45% From 2000

DEMOGRAPHICS / TEMPE, AZ

19

20

POPULATION 1 MILE 3 MILES 5 MILES2022 Projection

Total Population 10,296 114,992 275,8332017 Estimate

Total Population 10,321 113,466 272,5092010 Census

Total Population 9,554 104,619 252,3052000 Census

Total Population 8,309 105,681 254,773Current Daytime Population

2017 Estimate 15,609 143,884 428,690

HOUSEHOLDS 1 MILE 3 MILES 5 MILES2022 Projection

Total Households 4,715 47,815 110,4532017 Estimate

Total Households 4,627 46,413 106,960

Average (Mean) Household Size 2.15 2.39 2.472010 Census

Total Households 4,299 43,010 99,4272000 Census

Total Households 3,767 42,044 95,968Occupied Units

2022 Projection 4,715 47,815 110,4532017 Estimate 4,697 47,524 109,576

HOUSEHOLDS BY INCOME 1 MILE 3 MILES 5 MILES2017 Estimate

$150,000 or More 4.28% 11.36% 12.01%

$100,000 - $149,000 10.08% 15.06% 16.47%$75,000 - $99,999 10.11% 13.26% 14.61%$50,000 - $74,999 24.39% 20.51% 19.80%$35,000 - $49,999 18.23% 14.81% 13.71%Under $35,000 32.90% 25.01% 23.42%

Average Household Income $61,400 $86,774 $88,811

Median Household Income $48,992 $61,714 $65,777

Per Capita Income $27,540 $35,565 $35,066

HOUSEHOLDS BY EXPENDITURE 1 MILE 3 MILES 5 MILESTotal Average Household Retail Expenditure $63,522 $77,852 $80,639

Consumer Expenditure Top 10 Categories Housing $17,015 $20,389 $21,067Transportation $10,922 $14,227 $14,844Shelter $10,272 $12,132 $12,524Food $6,566 $7,697 $7,938Personal Insurance and Pensions $5,870 $7,744 $8,158Health Care $3,672 $4,736 $4,915Utilities $3,507 $4,251 $4,393Entertainment $2,434 $3,100 $3,240Apparel $2,097 $2,562 $2,646Household Furnishings and Equipment $1,596 $2,051 $2,131

POPULATION PROFILE 1 MILE 3 MILES 5 MILESPopulation By Age

2017 Estimate Total Population 10,321 113,466 272,509Under 20 21.90% 23.42% 23.85%20 to 34 Years 37.02% 26.55% 26.67%35 to 39 Years 7.03% 6.68% 6.48%40 to 49 Years 10.40% 12.39% 12.53%50 to 64 Years 13.35% 19.79% 19.77%Age 65+ 10.32% 11.15% 10.73%Median Age 30.93 35.01 34.64

Population 25+ by Education Level2017 Estimate Population Age 25+ 6,982 77,729 182,335Elementary (0-8) 2.63% 2.75% 2.78%Some High School (9-11) 6.51% 5.42% 4.85%High School Graduate (12) 16.95% 17.24% 17.25%Some College (13-15) 26.36% 23.80% 24.24%Associate Degree Only 7.70% 8.39% 8.41%Bachelors Degree Only 23.91% 26.49% 26.11%Graduate Degree 15.51% 15.39% 15.81%

21

TEMPEARIZONA

LIOR REGENSTREIFSENIOR MANAGING DIRECTOR INVESTMENTS

SENIOR DIRECTOR, NET LEASED PROPERTIES GROUPENCINO OFFICE

Tel: (818) 212-2730Fax: (818) 212-2710

Lior.Regenstreif@marcusmillichap.comLicense: CA 01267761