JACK STEIN 602.508.0055 Main 602.508.1635 Fax PatriotProp@mindspring.com

$2,450,000 (± $216 PSF)

INVESTMENT OFFERING Adjacent to Metro Center Mall

HIBACHI GRILL & SUPREME BUFFET 10030 North Metro Parkway East

Phoenix, AZ 85051

±11,328 Square Foot Restaurant Pad 100% Occupancy

BRIAN WARD 602.570.9888 Cell 602.508.1635 Fax Brian@azpcp.com

HIBACHI GRILL & SUPREME BUFFET 10030 N Metro Parkway East | Phoenix, AZ 85051

Information contained herein was obtained from sources believed reliable, however Patriot Commercial makes no guarantees, warranties, or representations as to the accuracy or completeness thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or withdrawal without notice.

Property Description

Property Name Hibachi Grill & Supreme Buffet

Address 10030 North Metro Parkway East Phoenix, AZ 85051

Parcel Number 149-16-399

Property Type Retail restaurant pad Full-service restaurant

Sale Price $2,450,000

Cap Rate 5.86%

Total Buildings One (1)

Gross Building Area ± 11,328 Square feet

Land Area ± 50,316 Square feet ± 1.16 Acres

Year Built 1996

Occupancy 100%

Zoning RSC, City of Phoenix

Parking ± 65 parking lot spaces / 6:1,000

Access Direct access from Metro Parkway East Located adjacent to the Metro Center Mall, a major regional shopping center ± ¼ Mile Southwest of I-17 & Peoria Avenue

Exterior Framed painted stucco walls

Roof Flat built-up

Windows Standard storefront glass with metal mullions

HIBACHI GRILL & SUPREME BUFFET 10030 N Metro Parkway East | Phoenix, AZ 85051

Information contained herein was obtained from sources believed reliable, however Patriot Commercial makes no guarantees, warranties, or representations as to the accuracy or completeness thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or withdrawal without notice.

Rent Roll

HIBACHI GRILL & SUPREME BUFFET 10030 N Metro Parkway East | Phoenix, AZ 85051

Information contained herein was obtained from sources believed reliable, however Patriot Commercial makes no guarantees, warranties, or representations as to the accuracy or completeness thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or withdrawal without notice.

Net Income Analysis

HIBACHI GRILL & SUPREME BUFFET 10030 N Metro Parkway East | Phoenix, AZ 85051

Information contained herein was obtained from sources believed reliable, however Patriot Commercial makes no guarantees, warranties, or representations as to the accuracy or completeness thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or withdrawal without notice.

Metro Phoenix Facts

Located in the sunny state of Arizona, Phoenix is now the sixth most populated city in the United States and has historically been one of the fastest growing cities. Phoenix is in close proximity to other major metropolitan areas in the Southwestern United States including Las Vegas, Salt Lake City, Albuquerque, San Diego, and the all important port city of Los Angeles, California. Phoenix is also strategically placed along the NAFTA Corridor providing business opportunities between, the US, Mexico, Canada and the Pacific Rim. Many freight and distribution companies recognized Phoenix as a major freight hub such as Amazon.com, and retailers like Wal-Mart and Dillard’s.

For 2011, Phoenix’s Sky Harbor International Airport ranks as the 9th busiest airport in the US, right behind San Francisco, California. The Phoenix Metro area now even boasts a reliever airport, Phoenix Mesa Gateway Airport, which is served by 3 regional carriers serving 38 US cities with non-stop service. The diversity of businesses calling Phoenix home is varied between high tech manufacturing employers such as Intel and Orbital Sciences, call centers such as USAA insurance, and home to corporate headquarters for companies from Fender Guitar, the global mining firm of Freeport-McMoRan, and the international air carrier, US Airways. Recreation opportunities are one of our strongest cards in the deck. Summer activities include enjoying our numerous lakes, beaches are just a short one-hour flight away, and easy cool pine mountain weekend vacation opportunities are a short drive to the north and east of the Phoenix Metro area. As of 2004 Arizona had 338 golf courses, with 197 of those golf courses in Maricopa County. Other outdoor activities abound with hiking, biking, hunting and fishing opportunities throughout the state, often just a short drive away. Entertainment opportunities abound between our arts, theaters and professional sports teams. Several spring training baseball parks are home to 15 Major League Baseball teams, including our hometown favorite, the Arizona Diamondbacks. In 2011, these games were attended by almost 1.6 million fans, many of whom traveled here from other areas to see their favorite hometown teams. These factors have contributed to the annual growth between 2010 and 2011, according to national census figures of 1.68%, bringing the total population of the Phoenix Metropolitan area to an estimated population of 4.2 million people. Much of this growth is attributable to:

• Low cost of doing business

• Low cost of housing for employees and business leaders

• Strong transportation infrastructure

• Educated and highly qualified workforce

• Pro-business environment

PHOENIX, Arizona (June 24, 2014) – Today, Walmart announced plans to build a Supercenter at the iconic

Metrocenter Mall, near I-17 and 35th Avenue, in northwest Phoenix. Work on the project is expected to begin in the

first quarter of 2015 with the demolition of the former Broadway building, which has been vacant since 2006.

Officials with Walmart, the City of Phoenix and Metrocenter Mall, as well as area business owners and community

leaders, were on-hand for the Supercenter announcement.

This marks the single largest capital investment in Metrocenter Mall in decades.

“Metrocenter Mall is a Phoenix landmark that has served shoppers from across Arizona for decades,” said Phoenix City

Councilwoman Thelda Williams. “I’m proud to be a part of this announcement with Walmart and I know that, together

with its efforts and those of the City of Phoenix and area business and community leaders, Metrocenter Mall’s best days

are still ahead.”

Metrocenter Mall opened in 1973 as the biggest shopping center in Arizona and one of the largest nationwide. Recent

years saw Metrocenter challenged by the establishment of competing regional malls, changing shopping patterns and

the Great Recession. Now, Metrocenter Mall owner Carlyle Development Group, the City of Phoenix and community

leaders are intent on bringing new life to the area. In mid-March, the Phoenix City Council unanimously approved a

redevelopment plan that will, over the coming decade, guide land use, infrastructure upgrades and public

transportation for a 2,500-acre area, including Metrocenter Mall. Currently, the retail vacancy rate in the vicinity

averages 28 percent, more than double the citywide figure.

The construction of a Walmart Supercenter is a critical part of Metrocenter’s turnaround, said Warren Fink,

COO of Carlyle Development Group.

“Our vision when we acquired Metrocenter Mall two-and-a-half years ago was to bring in a well-known anchor to

serve our local community. Walmart more than fulfills that requirement and we are thrilled to welcome them,” said

Fink. “This is a first step toward revitalizing a once dominant mall, rebuilding customer commitment and moving forward with plans for the future of Metrocenter that include rezoning to permit complimentary uses such as multifamily apartments, senior housing, corporate offices, healthcare facilities and medical offices.”

Marcia Veidmark, Chairwoman of the North Mountain Business Alliance, is supportive of the Walmart Supercenter, and said its development should help attract additional customers and capital investment to the area. “This is a very good day for Metrocenter Mall and for the Metro and North Mountain communities,” said Veidmark. “Walmart’s investment can be a catalyst for economic growth and job creation. We need both of these.”

Read more: http://corporate.walmart.com/_news_/news-archive/2014/06/24/walmart-announces-plans-for-new-supercenter-at-metrocenter-mall

HIBACHI GRILL & SUPREME BUFFET 10030 N Metro Parkway East | Phoenix, AZ 85051

Information contained herein was obtained from sources believed reliable, however Patriot Commercial makes no guarantees, warranties, or representations as to the accuracy or completeness thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or withdrawal without notice.

Metro Center Update

Walmart Supercenter a Linchpin of Ongoing Metrocenter Revitalization

• 148,000-square-foot Walmart Supercenter to break ground in 2015 and open in 2016 • Supercenter a key part of plan to modernize 40-year-old Metrocenter Mall, in northwest Phoenix

HIBACHI GRILL & SUPREME BUFFET 10030 N Metro Parkway East | Phoenix, AZ 85051

Information contained herein was obtained from sources believed reliable, however Patriot Commercial makes no guarantees, warranties, or representations as to the accuracy or completeness thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or withdrawal without notice.

Aerial Photo

HIBACHI GRILL & SUPREME BUFFET 10030 N Metro Parkway East | Phoenix, AZ 85051

Information contained herein was obtained from sources believed reliable, however Patriot Commercial makes no guarantees, warranties, or representations as to the accuracy or completeness thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or withdrawal without notice.

Aerial Map

HIBACHI GRILL & SUPREME BUFFET 10030 N Metro Parkway East | Phoenix, AZ 85051

Information contained herein was obtained from sources believed reliable, however Patriot Commercial makes no guarantees, warranties, or representations as to the accuracy or completeness thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or withdrawal without notice.

Regional Map

HIBACHI GRILL & SUPREME BUFFET 10030 N Metro Parkway East | Phoenix, AZ 85051

Information contained herein was obtained from sources believed reliable, however Patriot Commercial makes no guarantees, warranties, or representations as to the accuracy or completeness thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or withdrawal without notice.

Demographics