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BROADWAY IRONWOOD CENTERFor Sale Redevelopment or Owner/User Investment Opportunity1545 W Broadway Ave. Apache Junction, AZGPS Commercial Advisors 480.603.6892 www.gpsaz.com
BROADWAY IRONWOOD CENTERFor Sale Redevelopment or Owner/User Investment Opportunity1545 W Broadway Ave. Apache Junction, AZBroadway Ironwood Center is a multitenant retail building located on asignalized hard corner. It sits on 1.10acres at the southeast corner of BroadwayRoad and Ironwood Road in ApacheJunction, Arizona. Apache Junction isan eastern subdivision of Metro Phoenix.The building is block construction,designed as six retail suites and wasbuilt in 2004. The building can easily bemodified back to the original six suitesor combined in numerous ways, makingit an excellent redevelopment or owner/user opportunity.Exclusively Listed By:Jesse RozioInvestment/Leasing Specialist480.603.6892 - celljrozio@gpsaz.comMarty Olejarczyk - Partner602.762.0754 - cellmartyo@gpsaz.comGreg Saltz - President480.231.3473 - cellgsaltz@gpsaz.comOFFERING MEMORANDUMGPS Commercial Advisors 480.603.6892 www.gpsaz.com
BROADWAY IRONWOOD CENTER1545 W Broadway Ave. Apache Junction, AZINVESTMENT HIGHLIGHTSLOCATION HIGHLIGHTS Hard corner location fronting two of the maincommercial arteries in Apache JunctionSale Price: 1,500,000Property Type:Multi-Tenant Retail Strip CenterProperty Name:Broadway Ironwood CenterIntersection:Property Size:Building Size:SEC of Broadway Ave. & Ironwood Dr.1.10 AC 6,355 SFParcel:102-08-019Occupancy:Current NOI: 1 mile away from US 60 Hwy and Apache Junction HighSchool with over 1,000 students Strong demographics including above national averagehousehold incomeFormer Medical Office: 3,200 SFAvailable for Redevelopment orOwner/User Opportunity High parking ratio allows for a variety of uses1 Mile3 Mile5 Mile2021 Population14,46467,765138,3942026 Proj. Population15,02471,564148,1512021 Daytime Pop14,24863,068121,079Avg HH Income 58,334 67,595 76,538Median Home Value 196,572 212,132 246,42047.848.245.0Median Age Great access and visibility to over 30,000 Vehicles PerDayLeslie’s Poolmart, Inc d/b/a Leslie’s PoolSupplies: 3,155 SF 34,704DEMOGRAPHICSPROPERTY OVERVIEW Excellent for redevelopment or owner/user opportunity inconjunction with a proven tenantGPS Commercial Advisors 480.603.6892 www.gpsaz.com
ABOUT EXISTING TENANTLESLIE’S POOL SUPPLIESBROADWAY IRONWOOD CENTER1545 W Broadway Ave. Apache Junction, AZLeslie’s Pool Supplies, Service & Repair, is your localneighborhood pool store. Leslie’s offer the best selection ofpool and spa chemicals, pool cleaners, pool equipment, cleaning accessoriesand pool inflatables and floats. They have the solution to all your pool andspa needs. Every store also offers Free In-Store Water Testing and Free InStore labor on repairs. From fixing simple leaks to complete replumbing jobs,Leslie’s is the repair and installation expert. Their courteous service techniciansare professionally trained and satisfaction is guaranteed every time. If youmake an appointment with a service professional, it will be a qualified Leslie’semployee, not a third-party representative like other pool stores offer. They have service professionals across the country,ready to help. So, whether you’re thinking of buying a new piece of equipment and want it installed, or you’ve just got aproblem with existing hardware, make the call that thousands of pool owners make every year: call Leslie’s!Lease Term:April 1, 2017 - December 3, 2022Option Period:Three, 4-Year OptionsLEASE TERMSource: https://lesliespool.com/ANNUAL RENT PSFANNUAL BASE RENTMONTHLY BASE RENTApril 1, 2017 - March 31, 2019 7.00 22,085.00 1,840.42April 1, 2019 - March 31, 2020 13.00 41,015.00 3,417.92April 1, 2020 - December 31, 2022 11.00 34,704.00 2,892.08January 1, 2023 - December 31, 2027 (Option 1) 12.10 38,175.50 3,181.29January 1, 2028 - December 31, 2032 (Option 2) 13.31 41,993.05 2,499.42January 1, 2033 - December 31, 2037 (Option 3) 14.64 46,189.20 3,849.10GPS Commercial Advisors 480.603.6892 www.gpsaz.com
BROADWAY IRONWOOD CENTER1545 W Broadway Ave. Apache Junction, AZINTERSECTION AERIALGPS Commercial Advisors 480.603.6892 www.gpsaz.com
BROADWAY IRONWOOD CENTER1545 W Broadway Ave. Apache Junction, AZINTERSECTION AERIALGPS Commercial Advisors 480.603.6892 www.gpsaz.com
BROADWAY IRONWOOD CENTER1545 W Broadway Ave. Apache Junction, AZRETAIL AERIALGPS Commercial Advisors 480.603.6892 www.gpsaz.com
BROADWAY IRONWOOD CENTER1545 W Broadway Ave. Apache Junction, AZABOUT APACHE JUNCTIONAPACHE JUNCTION, ARIZONA: Apache Junction (AJ) is theeasternmost community in thePhoenix Metropolitan area. Theyhave the metro area’s advantageof direct freeway access toentertainment, cultural activities,and employment centers. AJ is best known for open spaceand the spectacular view ofthe Superstition Mountains. Thesurroundinggeographyandwestern atmosphere draw overhalf a million visitors through thecity annually and an additional 40thousand residents each winter. The market area is defined by a15-minute drive time from the centerof Downtown. The population forthe market area includes 108,009people with a median income of 45,942. Between the months ofNovember and April the marketarea sees a population influxestimated to be around 40,000 .GPS Commercial Advisors 480.603.6892 www.gpsaz.com
IRONWOOD BROADWAY CENTERFor Sale Redevelopment or Owner/User Investment Opportunity1545 W Broadway Ave. Apache Junction,AZ13929DUTCH BROS COFFEEN 83RD AVE, PEORIA, ARIZONA 85226 - PHOENIX MSACONFIDENTIALITY AGREEMENTExclusively Listed By:The information contained in the following offering memorandum isproprietary and strictly confidential. It is intended to be reviewed only by theparty receiving it from GPS Retail LLC and it should not be made availableto any other person or entity without the written consent of GPS Retail LLC.By taking possession of and reviewing the information contained hereinthe recipient agrees to hold and treat all such information in the strictestconfidence. The recipient further agrees that recipient will not photocopyor duplicate any part of the offering memorandum. If you have no interestin the subject property at this time, please return this offering memorandumto GPS Retail LLC.This offering memorandum has been prepared to provide summary,unverified financial and physical 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 duediligence investigation. GPS Retail LLC has not made any investigation, andmakes no warranty or representation with respect to the income or expensesfor the subject property, the future projected financial performance of theproperty, the size and square footage of the property and improvements,the presence or absence of contaminating substances, PCBs or asbestos,the compliance with local, state and federal regulations, the physicalcondition of the improvements thereon, or the financial condition orbusiness prospects of any tenant, or any tenant’s plans or intentions tocontinue its occupancy of the subject property. The information containedin this offering memorandum has been obtained from sources we believeto be reliable; however, GPS Retail LLC has not verified, and will not verify,any of the information contained herein, nor has GPS Retail LLC conductedany investigation regarding these matters and makes no warranty orrepresentation whatsoever regarding the accuracy or completeness of theinformation provided. All potential buyers must take appropriate measuresto verify all of the information set forth herein. Prospective buyers shall beresponsible for their costs and expenses of investigating the subject property.Jesse RozioInvestment/Leasing Specialist480.603.6892 - celljrozio@gpsaz.comGreg Saltz - President480.231.3473 - cellgsaltz@gpsaz.comMarty Olejarczyk - Partner602.762.0754 - cellmartyo@gpsaz.comThe information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy, wehave not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirmits accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only, and do notrepresent the current or future performance of the property. The value of this transaction to you depends on tax and other factorswhich should be evaluated by your tax, financial and legal advisors. 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. GPS Retail LLC.
BROADWAY RONWOOD ENTER 154 W Broadway Ave. Apache Junction, AZ INVESTMENT HIGHLIGHTS Sale Price: 1,500,000 Property Type: Multi-Tenant Retail Strip Center Property Name: Broadway Ironwood Center Intersection: SEC of Broadway Ave. & Ironwood Dr. Property Size: 1.10 AC Building Size: 6,355 SF Parcel: 102-08-019 Occupancy:
