PRICE REDUCED. El Encanto FOR SALE - RARE FREESTANDING BUILDING IN TOWN OF CAVE CREEK

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1 FOR SALE - RARE FREESTANDING BUILDING IN TOWN OF CAVE CREEK SWC CAVE CREEK ROAD & SCHOOL HOUSE ROAD 6331 East Cave Creel Road Cave Creek, Arizona PRICE REDUCED El Encanto PROPOSED 70 HOMES CAVE CREEK RD 11,511 VPD C 4-WAY STOP SCHOOL HOUSE RD Listed By: JUDI BUTTERWORTH judi.butterworth@orionprop.com 1

2 Disclaimer All materials and information received or derived from ORION Investment Real Estate its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness, veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of the property for any party s intended use or any and all other matters. Neither ORION Investment Real Estate its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party s active conduct of its own due diligence to determine these and other matters of significance to such party. ORION Investment Real Estate will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing. EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE. Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. ORION Investment Real Estate makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. ORION Investment Real Estate does not serve as a financial advisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by ORION Investment Real Estate in compliance with all applicable fair housing and equal opportunity laws. ORION Investment Real Estate 7328 East Stetson Drive Scottsdale, AZ

3 HIGHLIGHTS One-story freestanding building adjacent to Tumbleweed Hotel Owner/user opportunity Very strong intersection with a 4-way stop Great exposure to all traffic High average household income: $153,000+ per year within a 5-mile radius New Hampton Inn and Casitas planned directly across School House Road (plan included) OFFERING SUMMARY SALE PRICE $1,200,000 PRICE PER SF $ OCCUPANCY 0% BUILDING SIZE +/- 4,000 SF LOT SIZE.36 Acres YEAR BUILT 1971 ZONING TCC PARCEL NUMBER C CROSS STREETS Cave Creek & School House Rd TRAFFIC COUNT 11,511 VPD (Cave Creek Rd) MAJOR TRAFFIC GENERATORS AT THE INTERSECTION US Post Office Frontier Town Old West Town with shops open daily. Also has a chapel and reception pavilion for weddings and events. Must see for Cave Creek visitors. El Encanto Restaurant, iconic Mexican restaurant built around a pond. Open daily. Rare Earth Gallery Amazing array of all things earth from jewelry to huge geodes. Recognized nationally for their unique inventory. Desert Foothills Library The Cave Creek and Carefree areas of Metropolitan Phoenix are known for their natural settings and beautiful houses. In addition to housing, there are many office buildings, retail businesses and schools where over 5,600 people are employed (3 mile radius). Cave Creek is an easy drive from I-17 via Carefree Highway or from Scottsdale Road. Cave Creek is the weekend and festival host for many upscale motorcycle groups and also offers several Western-themed bars that favor several NFL teams. 3

4 VIEW FROM THE PROPERTY 4

5 Oblique Aerial: West Facing C AV E FRONTIER TOWN El Encanto CREE PROPOSED 70 HOMES K RD SUBJECT SCH OO L HO USE RD 4-WAY STOP MERCADO ESCUELA 14,000 SF RETAIL PROJECT OPENING END OF

6 Oblique Aerial: Northeast Facing PROPOSED 70 HOMES MERCADO ESCUELA 14,000 SF RETAIL PROJECT OPENING END OF 2018 d eek R r C e Cav SUBJECT PRO POS ED: HAM PTO N INN & CAS ITAS Sc ho ol Ho use Rd FRONTIER TOWN 6

7 Site Plan - Proposed Two-Story Hampton Inn and Casitas Proposed: Approximately 80 rooms and 24 casita-style suites Amenities: A pool for the main hotel guests and a separate pool located by the casita suites, a pad for a 4,000 square foot restaurant

8 Cave Creek PHOENIX TONTO NATIONAL FOREST Cave Creek 8

9 While Cave Creek offers many fine and fun restaurants, it is also known for its galleries and Western-style boutiques. Golf, trail rides, and access to many parks are also available. Tonto National Forest is just to the east of Cave Creek. Cave Creek is a town in the Sonoran Desert totaling 28.2 square miles of land, according to the United States Census Bureau. It is adjacent to the town of Carefree, and shares local landmark Black Mountain with Carefree. ATTRACTIONS Cave Creek Regional Park - protects roughly 3,000 acres of lush Sonoran Desert just north of the Phoenix city limits Spur Cross Ranch - a conservation of over 2,154 acres that offers avid outdoorsmen and women a gateway into the Tonto National Forest s scenic network of paths Cave Creek Museum Gateway Desert Awareness Park - a native habitat park right in the heart of Cave Creek Center for the Arts - home to a gallery, gift shop, workshop space, open studio, art events, youth and veteran programs Rancho Manana Golf Club Go John Trail mile trail amenable to hiking, mountain biking, and horseback riding ABOUT CAVE CREEK, ARIZONA There are two notable streams known as Cave Creek in Arizona. One flows through the Town of Cave Creek and into Phoenix. This may be the origin of the Town's name. The other Cave Creek (Cave Creek Canyon) is in the Chiricahua Mountains, 200 miles to the southeast. Just off Cave Creek Road is Gateway Desert Awareness Park. With the hum of traffic muffled by desert trees and the rolling topography, civilization seems to disappear, though hints of it remain with scattered housing and, more on the scene, a children s playground, ramadas and barbecues for picnickers. Two self-guided trails through Desert Awareness Park pass a variety of naturally occurring desert plants, which are identified by signs. The Desert Heritage Center highlights natural and cultural history of the area in a unique building which also serves as a gathering place protected from the harsher elements of the desert. From its western lifestyle, rural development patterns, dramatic views, trails, open spaces, and wildlife habitats, Cave Creek offers an array of attractions for both residents and visitors. Outdoor recreation includes hiking, road and mountain biking, horseback riding, boating, and golfing at the par-70 championship course, Rancho Manana Golf Club. 9

10 Demographics DEMOGRAPHIC HIGHLIGHTS DAYTIME POPULATION 39,872 *5 Mile Radius AVERAGE HOUSEHOLD INCOME $153,053 *5 Mile Radius AVERAGE HOUSE SIZE 2.36 *5 Mile Radius 2018 SUMMARY TWO MILE THREE MILE FIVE MILE POPULATION 5,504 10,402 29,389 AVG HOUSEHOLD SIZE MEDIAN AGE AVG HOUSEHOLD INCOME $135,545 $147,207 $153,053 TOTAL EMPLOYEES 3,136 5,598 10,483

11 FOR SALE - RARE FREESTANDING BUILDING IN TOWN OF CAVE CREEK SWC CAVE CREEK ROAD & SCHOOL HOUSE ROAD 6331 East Cave Creel Road Cave Creek, Arizona Listed By: JUDI BUTTERWORTH judi.butterworth@orionprop.com

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