Highlights

• Cap Rate 2011 9.00% - Significantly Under Market Rent with 100% Rental Increase Within 2 Years
• Mature, Dense, Affluent Trade Area with over 1,000,000 consumers with over $90,000 Average Household Income
• Fronting Tatum Boulevard (Major North/South Corridor) with nearly 90,000 Cars per Day

• Co Anchored by Costco (Est. 2009 Opening), Macy' s, Sears, JC Penney, and Dillards
• Outparcel (Ground Lease) to Highly Successful Super Regional Paradise Valley Mall
• Parent Company - Brinker International Inc. rated Investment Grade of BBB- with $4.24 Billion in Revenue

Description

Chili's is situated on 48,000 square feet of land to the east of the Super Regional Paradise Valley Mall. Paradise Valley Mall is part of Urban Villages, a master-planned retail development comprised of seven centers totaling over three million square feet of quality construction with major anchor tenants such as Target, REI, TJ Maxx, Best Buy, CVS, Wal-Mart, and Sports Authority. The retail community is intersected by Tatum Boulevard and Cactus Road, two major corridors through northern Phoenix boasting average daily traffic counts of nearly 90,000 cars per day at the intersection. Less than a mile west is the 51-Freeway, the main arterial connecting commuters to downtown Phoenix and Sky Harbor International Airport with average daily traffic counts of 123,000 cars per day at the Cactus Road exit.

The super regional Paradise Valley Mall covers over 1.2 million square feet of retail space and is anchored by Costco (estimated 2010 opening), Dillards, Sears, JC Penney, and Macy' s. The mall is encompassed by a variety of retail shops, dining establishments, service businesses, and banking locations to serve the more than 1 million people within the 10-mile trade area with an average annual house hold income of over $90,700.