4602 E Cactus Rd
Phoenix, AZ 85032

The subject property is a single-tenant Oregano's Pizza Bistro restaurant, a trophy retail asset positioned near the signalized, hard corner intersection of North Tatum Boulevard and East Cactus Road in Phoenix, Arizona. The property is an outparcel to Paradise Valley Mall, a 1.2-million square foot regional shopping center owned and operated by Macerich, an S&P 500 company and one of the country’s leading owners, operators and developers of major retail real estate. Anchors at the mall include Macys, Dillard’s, Costco, and JC Penny. Retailers in and around the mall include Target, REI, TJ Maxx, Hobby Lobby, Home Goods, Walmart, Best Buy, Michaels, Pier 1 Imports, Sprouts, ULTA, Bank of America, Wells Fargo, In-N-Out Burger, Chick-Fil-A, Panera Bread, Raising Canes, IHOP, Olive Garden, Outback Steakhouse, Chipotle, Chilis, Wendy’s, Arby’s, and numerous others. Further enhancing the surrounding area is dense infill residential housing, condominium complexes, and apartment complexes including an Embassy Suites by Hilton hotel and the championship golf course Stonecreek. Located in the heart of Phoenix, Stonecreek Golf Clubs remarkable golf, upscale amenities and unmatched service have earned it recognition by Golf Channel as one of “Arizona’s Best Kept Secrets”. This award-winning links-style championship golf course is open to the public and managed by leading golf course operator, Arcis Golf.** The subject property was built in 1980 and remodeled in 2010 when Oreganos expanded to this location. The building consists of an approximate 4,600-square foot retail building (includes patio of 900-square feet)* situated on approximately 0.73 acres of land*. The lease is Absolute Triple Net (NNN) in nature with zero landlord responsibilities whatsoever and contains two, five-year renewal options. Rent shall increase by CPI with a maximum of ten-percent every five-years, including the option periods. Over the last 27 years Oreganos Pizza Bistro has enjoyed a tremendous following, significant sales, and continuous growth expanding to 22 locations across Arizona and Colorado. Based in Scottsdale, Arizona the company was incorporated in 1992. It is well-respected and remains family owned to this day. * Buyer to verify the accuracy of these figures during their Due Diligence Period ** Source: www.stonecreekgc.com