THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE 818 N. 5TH AVE. PHOENIX, AZ 85003 Justin Horwitz Senior Advisor 480.425.5518 justin.horwitz@svn.com Paul Borgesen III Advisor 480.425.5516 paul.borgesen@svn.com
Executive Summary OFFERING SUMMARY Sale Price: $750,000 Building Size: 1,110 Lot Size: 0.16 Acres Year Built: 1906 Year Renovated: 2016 PROPERTY HIGHLIGHTS Price Includes Both Business and Real Estate Prime Downtown Phoenix Location Immediate Roosevelt Row Proximity Walking Distance to Light Rail Surrounded by New Urban Development Award Winning Bars and Restaurants in Neighborhood Zoning: Submarket: DTC-S-ROO Downtown Phoenix Plug and Play Business Operation to Build Upon Historic Property Fully Restored in 2016 THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE 818 N. 5TH AVE. PHOENIX, AZ 85003 SVN Desert Commercial Advisors Page 2
Property Description PROPERTY OVERVIEWVIEW SVN is proud to present for sale The Teapot at 818 N. 5th Ave in downtown Phoenix. The site includes a 1,110 SF retail building on a 7,009 SF lot in the heart of the urban core. This offer price includes both the real estate and The Teapot business with all FF&E in place. The Teapot operates as a neighborhood coffee shop and cafe with a family oriented business. With demand for Downtown living dramatically increasing, opportunities for neighborhood retail are endless making this a a very attractive opportunity. LOCATION OVERVIEWVIEW The subject property is extremely well located just south of Roosevelt Row in the heart of Downtown Phoenix. The site offers extremely convenient access to the I-10 Freeway via 7th Ave, 3rd St and 7th St. The site is walking distance to the busiest Light Rail station, Talking Stick Resort Arena, Chase Field, and Downtown campuses including ASU, U of A, and NAU. The area amenities consists of endless amounts of restaurants and recreational venues. With good Light Rail and Freeway access, Sky Harbor International Airport is only minutes away. In recent years, Downtown Phoenix has undergone dramatic transformation. With renewed urban vibrancy and a locally owned charm, Downtown Phoenix is becoming the epicenter for students and young professionals alike, creating tremendous demand for urban living. THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE 818 N. 5TH AVE. PHOENIX, AZ 85003 SVN Desert Commercial Advisors Page 3
Business Profile OVERVIEWVIEW Company: The Teapot Founded: March 2016 Total Revenue (July '16 - June '17) $162,571 Net Income (June 2017 YTD): $21,083 Website: TENANT HIGHLIGHTS Large "word of mouth" following Solid Growth in Short Time Period Upside w/ Additional Months of Operation www.theteapotus.com THE TEAPOT The Teapot originally opened in early 2016 after the Owners fully restored this historic house in downtown Phoenix's Roosevelt neighborhood. The concept is simple...create a family friendly coffee shop, restaurant and event space centered around health living and healthy eating. Since its inception, The Teapot has quickly gained in popularity attracting followers from far beyond just the immediate area and has become a known spot around the Valley. While the outdoor space offers almost endless options, the venue a has hosted a wide range of events including small concerts, readings and story time for kids, various children's events, and yoga classes. With its upscale historic charm, the options are truly endless for this concept to grow in downtown Phoenix and beyond. THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE 818 N. 5TH AVE. PHOENIX, AZ 85003 SVN Desert Commercial Advisors Page 4
Property Details SALE PRICE $750,000000 LOCATION INFORMATION Building Name Street Address The Teapot - Business and Real Estate For Sale 818 N. 5th Ave. City, State, Zip Phoenix, AZ 85003 County/Township Market Submarket Cross Streets Maricopa Phoenix Downtown Phoenix S/SWC 5th Ave. and Roosevelt St. PROPERTY DETAILS Property Type Retail Property Subtype Street Retail Zoning DTC-S-ROO Lot Size 0.16 Acres APN# 111-39-123 Lot Frontage 50' Lot Depth 140' BUILDING INFORMATION Building Size 1,110 SF Occupancy % 100% Tenancy Single Number Of Floors 1 Year Built 1906 Last Renovated 2016 Construction Status Existing Condition Excellent Free Standing Yes UTILITIES/AMENITIES Gas / Propane Power Sewer/Water Southwest Gas APS City of Phoenix THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE 818 N. 5TH AVE. PHOENIX, AZ 85003 SVN Desert Commercial Advisors Page 5
Additional Photos THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE 818 N. 5TH AVE. PHOENIX, AZ 85003 SVN Desert Commercial Advisors Page 6
Aerial Map THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE 818 N. 5TH AVE. PHOENIX, AZ 85003 SVN Desert Commercial Advisors Page 7
Location Maps THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE 818 N. 5TH AVE. PHOENIX, AZ 85003 SVN Desert Commercial Advisors Page 8
Retailer Map THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE 818 N. 5TH AVE. PHOENIX, AZ 85003 SVN Desert Commercial Advisors Page 9
Metro Light Rail THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE 818 N. 5TH AVE. PHOENIX, AZ 85003 SVN Desert Commercial Advisors Page 10
City Information - Phoenix PHOENIX, AZ Downtown Phoenix is a center for employment, education, professional sports, living, arts and culture. The dramatic changes over the past five years provided a surge in momentum and even more development. In addition to large-scale projects such as the Phoenix Convention Center expansion, Valley Metro Light Rail and the Phoenix Biomedical Campus serving as major activity centers, there is a real grassroots effort by residents and employees to create a true downtown community. Home to numerous major employers, Downtown Phoenix boasts the highest concentration of employment in the state. TOP PHOENIX EMPLOYERS COMPANY # of EMPLOYEES DT PHX HIGHLIGHTS 3,512 Businesses 63,494 Employees Banner Health 8,184 Honeywell 6,247 American Express 5,880 St. Joseph's Hospital 4,109 Bank Of America 3,753 ±6,000 Multi Family Units Existing, Under Construction, or in Planning Over 800,000 SF of Retail Space 165+ Restaurants 9.8 million SF of Office Space 880K SF of Convention Center Space 20,000+ Students at ASU, U of A, and NAU Downtown Campuses ±$721mm in Consumer Spending THE TEAPOT - BUSINESS AND REAL ESTATE FOR SALE 818 N. 5TH AVE. PHOENIX, AZ 85003 SVN Desert Commercial Advisors Page 11