BRANDON MICHAELS GROUP 'S PREMIER SALES TEAM

82935 A UNIQUE OPPORTUNITY TO ACQUIRE A VACANT FORMER FRESH & EASY SUPERMARKET IDEALLY SITUATED ON 55,321 48 SQUARE FEET OF LAND DIRECTLY ADJACENT TO THE PROMINENT AVENUE MUSIC & ARTS FESTIVAL GROUNDS 82935 Avenue 48 • Indio, CA 92201 INVESTMENT ADVISORS: BRANDON MICHAELS BEN BROWNSTEIN Senior Managing Director of Investments Senior Associate Senior Director, National Retail Group National Retail Group Tel: (818) 212-2794 Tel: (818) 212-2812 Fax: (818) 212-2710 Fax: (818) 212-2710 [email protected] [email protected] License: CA #01434685 License: CA #02012808 www.BrandonMichaelsGroup.com www.BrandonMichaelsGroup.com

CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corpora- tion of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. BRANDON

MICHAELS 16830 Ventura Blvd. Suite 100, Encino, CA 91436 GROUP www.marcusmillichap.com SOUTHERN CALIFORNIA'S PREMIER SALES TEAM TABLE OF CONTENTS

PROPERTY OVERVIEW 01 FINANCIAL ANALYSIS 02 COMPARABLES ANALYSIS 03 AREA OVERVIEW 04 Indio is the 30th fastest growing city in America. As the original “Hub of the Valley,” we are continuing our legacy as the center of activity in the region.

ECONOMY WHY BUY IN Two major contributions to the local economy are year-round agriculture and tourism, although the majority of tourist activity is seasonal between October and May. INDIO, CA MAJOR EMPLOYERS • United States Filter Corporation • Tala Industries • Fulton Distributors • Guthy-Renker • Sunrise Company • Coca-Cola • SunScape Tech • Ernst and Young

DEMOGRAPHICS Population: 86,867 (1.72% Growth) Median Age: 36.4 Median Household Income: $49,951 Number of employees: 35,963

4 ANNUAL EVENTS & FESTIVALS

Because of the numerous festivals and special events held annually in Indio, the Chamber of Commerce deemed Indio's official nickname to be "The City of Festivals."

Since 2001, the Coachella Valley Music and Arts Festival has been an annual event that has brought notable music acts to the desert. Indio is also the site of the annual Southwest Arts Festival, the Cabazon Indian National Pow Wow, the Palm Springs Kennel Club's Annual Dog Show and Rhythm, Wine and Brews Festival at the Empire Polo Club, Heritage Festival at the Coachella Valley History Museum, and the Family Motor Coach Association's Annual Western Region RV Rally at the Fairgrounds.

WHY BUY IN SHOPPING AND DINING Nearly 1.4 million people visit Indio every year to attend the most famous music, food, and arts festivals in the world. Popular travel site, Trivago, named Indio as a rising global destination and Matador Network ranked Indio as the No. 1 City in the Nation for Live Music. INDIO, CA • Showcase in Indio • The Palms • Indio Grand Marketplace • Citrus Plaza • Indio Towne Center • Heritage Court

TRANSPORTATION • Bermuda Dunes Airport (FAA designator: UDD) is on the north-western border of Indio, along I-10 just west of Jefferson Street. It has a 5,000-foot (1,500 m) runway and serves small private planes, air carriers and commuter jets.

• The Jacqueline Cochran Regional Airport in Thermal just a few minutes from Indio, is named for the famous 1920s pilot and Indio resident and used for cargo planes to ship agricultural products

• The closest airport with regularly-scheduled commercial passenger service is Palm Springs International Airport, about 20 miles (32 km) away.

5

1 PROPERTY OVERVIEW The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively 82935 market for sale 82935 Avenue 48, an impeccable value-add opportunity located in the heart of the Coachella EXECUTIVE SUMMARY EXECUTIVE Valley in Indio, CA. 82935 Avenue 48 is a unique opportunity to acquire a vacant former supermarket - Fresh & Easy ideally situated on 55,321 square feet of land zoned CC, located directly adjacent to the prominent AVENUE48 Coachella Valley Music & Arts Festival fairgrounds. 82935 Avenue 48 • Indio, CA 92201 82935 Avenue 48 creates a unique opportunity for a multitude of potential uses. An owner-user can utilize the existing building and begin operations under a new brand with minimal costs. An investor can re-position the asset to a similar or revised usage of a neighborhood market and generate significant returns. An Owner-User A UNIQUE OPPORTUNITY TO ACQUIRE A VACANT Buyer or an Investor can take advantage of 1.27 acres of land in the heart of Indio along a main thoroughfare and FORMER SUPERMARKET IDEALLY SITUATED re-purpose the property to a different usage. ON 55,321 SQUARE FEET OF LAND DIRECTLY ADJACENT TO THE HISTORICAL COACHELLA 82935 Avenue 48 is a former Fresh & Easy Neighborhood Market, which successfully operated at this location VALLEY MUSIC & ARTS FESTIVAL GROUNDS for many years until the company filed for Chapter 11 bankruptcy back in 2015. The site benefits from excellent parking with 60 surface parking spaces (4.30 per 1,000 SF) which would provide an buyer with the ability to subdivide and include multiple tenancy, excellent ingress and egress with multiple access points, and excellent visibility with 2 curb cuts and over 192 linear feet of frontage along Avenue 48.

The subject property is a 13,969 square foot freestanding retail building with approximately $350,000 in upgrades such as exterior and interior painting, 18’ ceilings, a brand new 800-amp electrical service, a plan in process to install 40 tons of HVAC, and hardscaping and landscaping. The vacant property comes with a monument sign on Avenue 48, benefiting the new Owner-User or Investor that acquires it. The building sits on 1.27 Acres of land, and can be used for retail, general office, or medical office.

8 COACHELLA - UNDER -UNDER COACHELLA

CONSTRUCTION HOTEL INDIGO OVER 18,000 VEHICLES PER DAY PER VEHICLES 18,000 OVER

McDonald's AVENUE 48 AVENUE COACHELLA Walgreens

OVER 14,000 VEHICLES PER DAY JACKSON STREET 9

PROPERTY OVERVIEW AREA OVERVIEW COMPARABLES ANALYSIS FINANCIAL ANALYSIS INDIO PALMS VACATION CLUB INDIO PALMS COUNTRY CLUB & RESORT EMPIRE POLO CLUB

Located at the corner of Avenue 48 and Jackson Street, this property sits in the core retail stretch of the up and 82935 coming Coachella Valley community. 82935 Avenue 48 is surrounded by a variety of some of the largest national

LOCATION OVERVIEW LOCATION retail tenants in America such as Subway, McDonalds, Starbucks, Taco Bell, Wingstop, Bank of America, Western Union, Walmart, and Walgreens. The immediate area has several Golf Courses and Casinos and which draws the 48 majority of the tourists and retirees to the community. Located at the Corner of the Indian Palms Country Club & AVENUE Resort, this intersection provides one of the highest daily traffic counts in the entire Coachella Valley with over 82935 Avenue 48 • Indio, CA 92201 15,674 vehicles per day that cross Avenue 48 and Jackson Street, as well as 100,000 vehicles per day within a 3 THE SUBJECT PROPERTY IS LOCATED IN INDIO, mile radius. CALIFORNIA, ONE OF THE FASTEST GROWING CITIES IN COACHELLA VALLEY The City of Indio came about because of the need of a halfway point for the Southern Pacific Railroad between Yuma and Los Angeles. The engines needed to be cleaned of all of the sand taken in and re-filled with water. After the railroad's arrival in 1876, Indio really started to take root. The first permanent building was the craftsman style Southern Pacific Depot station and hotel. Southern Pacific tried to make life as comfortable as it could for their workers in order to keep them from leaving such a difficult area to live in at the time. It was at the same the center of all social life in the desert with a fancy dining room and hosting dances on Friday nights.

HOTEL INDIGO COACHELLA VALLEY COACHELLA HISTORY MUSEUM EMPIRE POLO CLUB SHIELDS DATE GARDEN

1.2 MILES FROM SUBJECT PROPERTY 1.8 MILES FROM SUBJECT PROPERTY 2.6 MILES FROM SUBJECT PROPERTY 3.3 MILES FROM SUBJECT PROPERTY

10 INDIO

OVER 18,000AVENUE VEHICLES 48 PER DAY McDonald's COACHELLA - UNDER -UNDER COACHELLA CONSTRUCTION HOTEL INDIGO Walgreens

OVER 14,000 VEHICLES PER DAY

JACKSON STREET COACHELLA 11

PROPERTY OVERVIEW AREA OVERVIEW COMPARABLES ANALYSIS FINANCIAL ANALYSIS VACANT FORMER FRESH & EASY SUPERMARKET UNIQUE IDEAL OWNER-USER OR 1 BUILDING ON LARGE PARCEL OF LAND 2 INVESTMENT OPPORTUNITY

• 13,969 square foot former neighborhood supermarket Newly renovated interior and exterior building with approximately • $350,000 in improvements • 55,321 square feet of land zoned CC Property can immediately be occupied by an Owner-User who wants to • operate their business at this location Multitude of potential uses including restaurant, retail, office and • medical • An investor can re-position the site and generate significant returns Large parcel of land zoned CC offers a multitude of options that can be Excellent parking with 60 surface parking spaces (4.30 per 1,000 SF) • • used for retail, general office, or medical office Fresh & Easy Market successfully operated out of this location for many • Vacancy allows for flexible value add or owner-user opportunity • years Owner-User Buyer or an Investor can take advantage of 1.27 acres of • land in the heart of Indio along a main thoroughfare and re-purpose the OVER 14,000 VEHICLES PER DAY property to a different usage INVESTMENT HIGHLIGHTS

3 EXCELLENT COACHELLA VALLEY LOCATION 4 DENSE COACHELLA VALLEY SUBMARKET

A number of national retailers are within close proximity, further Over 160,000 people within a five mile radius • articulating the strength of the location • Immediate national retailers include Subway, McDonalds, Starbucks, • Affluent submarket with strong household income north of $70,000 • Taco Bell, Wingstop, Bank of America, Western Union, Walmart, and Walgreens • Median home value north of $300,000 within a five mile radius • Excellent Ingress and Egress with multiple access points • Outstanding Visibility with over 192 feet of frontage along Avenue 48 Ideally located directly adjacent to the widely-known Coachella Valley • Music & Arts Festival fairgrounds, which brings hundreds of thousands of people each year

12 OVER 14,000 VEHICLES PER DAY PER VEHICLES 14,000 OVER

*Property Rendering *Property JACKSON STREET JACKSON LA QUINTA Walgreens

OVER 18,000 VEHICLES PER DAY

AVENUE 48 PALM DESERT 13

PROPERTY OVERVIEW AREA OVERVIEW COMPARABLES ANALYSIS FINANCIAL ANALYSIS 82935 AVENUE 48 ADDRESS SUMMARY OF TERMS INDIO, CA 92201

PRICE $1,500,000 Interest Offered BUILDING SF 13,969 SF 100% fee simple interest in a retail property located at 82935 Avenue 48, a 13,969 SF building situated on 1.27 LAND SF (ACRES) 55,321 SF (1.27 Acres) acres of land in Indio CA, 92201. PRICE/SF (BLDG) $107

PROPERTY HIGHLIGHTS Terms of the Sale PRICE/SF(LAND) $27 Property is being offered on a free and clear basis. PRO FORMA CAP RATE 11.18%

PARKING 60 Parking spaces; Ratio of 4.30/1,000 Property Tours Prospective purchases are encouraged to visit the site YEAR BUILT 2009 and review all due diligence materials prior to submitting offers. Access to an outline due diligence is available APN NUMBER 614-340-019 portal. All property tours must be coordinated through the ZONING CC listing team.

$107 $27 11.18% $1.00 PRICE/SF (BLDG) PRICE/SF (LAND) PRO FORMA CAP RATE PRO FORMA RENT/SF

14

LA QUINTA

OVER 14,000 VEHICLES PER DAY PER VEHICLES 14,000 OVER JACKSON STREET JACKSON

Walgreens

OVER 18,000 VEHICLES PER DAY PER VEHICLES 18,000 OVER AVENUE 48 AVENUE PALM DESERT 15

PROPERTY OVERVIEW AREA OVERVIEW COMPARABLES ANALYSIS FINANCIAL ANALYSIS SITE LOCATION

The subject property is located at the southwest corner of Avenue 48 and Jackson Street. TRAFFIC SQUARE FOOTAGES COUNTS PROPERTY DETAILS The building square footage is 13,969 SF. The land square footage is 55,321 SF (1.27 acres). 18,105 TRAFFIC COUNTS

The traffic counts at the intersection of Avenue 48 and Jackson Street are 18,105 vehicles every day.

PARKING

60 Surface parking spaces. Ratio of 4.30 per 1,000 SF. OCCUPANCY YEAR BUILT VACANT The property was built in 2009.

APN NUMBER

The APN Number is 614-340-019. PARKING ZONING The zoning is CC. 60

16 17

PROPERTY OVERVIEW AREA OVERVIEW COMPARABLES ANALYSIS FINANCIAL ANALYSIS

2 FINANCIAL ANALYSIS RENT ROLL

TENANT SF SF % PRO FORMA RENT PRO FORMA RENT/SF Vacant 13,969 100% $13,969.00 $1.00 TOTAL 13,969 100% $13,969.00 $1.00 FINANCIAL ANALYSIS ANNUALIZED OPERATING DATA

INCOME AND EXPENSE PRO FORMA EXPENSE BREAKDOWN PER YEAR PER SF Scheduled Lease Income $167,628 Taxes @1.25% $18,750 $1.34 NNN Charges $62,613 Insurance $2,514 $0.18 Effective Gross Income $230,241 Utilities $6,286 $0.45 Expenses $62,613 Landscape $4,330 $0.31 Net Operating Income $167,628 Manager $13,969 $1.00 Trash $6,286 $0.45 Parking Lot Sweeping $7,683 $0.55 Reserves $2,794 $0.20 TOTAL $62,613 $4.48/$0.37

20 PRICING PRO FORMARENT/SF PRO FORMANOI PRO FORMACAP RATE PRICE/SF (LAND) PRICE/SF (BUILDING) SF LAND SF BUILDING PRICE ADDRESS 55,321 SF(1.27Acres) 82935 Avenue 48 Indio, CA 92201 $1,500,000 13,969 SF $167,628 11.18% $1.00 $107 $27 21

FINANCIAL ANALYSIS AREA OVERVIEW COMPARABLES ANALYSIS PROPERTY OVERVIEW

3 COMPARABLES ANALYSIS 82935 Avenue 48

1 83157 Avenue 48

2 82280 Highway 111 2 3 3 82360 Highway 111 46900 Monroe St 4 4 - Bldg E, A, C, D SALES COMPARABLES

1

$284 AVG PRICE/SF (BLDG)

$60 AVG PRICE/SF (LAND)

24 7 6 5 4 3 2 1 ADDRESS AVERAGE Indio, CA 92201 Courtyards Bldg D-Desert St 46900 Monroe Indio, CA 92201 Courtyards Bldg C-Desert St 46900 Monroe Indio, CA 92201 Courtyards Bldg A-Desert St 46900 Monroe Indio, CA 92201 Courtyards Bldg E-Desert St 46900 Monroe Indio, CA 92201 Plaza Rubidoux South 82360 Highway 111 Indio, CA 92201 Plaza Rubidoux 82280 Highway 111 Coachella, CA 92236 Square Jackson 83157 Avenue 48 SALES PRICE SALES $1,909,700 $1,351,099 $1,351,099 $3,036,645 $2,100,000 $2,500,000 $2,050,000 $979,057 BLDG SF 15,508 10,002 8,135 5,000 6,900 6,900 9,888 2,750 LAND SF LAND 31,861 20,038 20,909 25,700 49,223 40,946 40,075 26,136 PRICE/SF $284.43 $195.81 $195.81 $195.81 $195.81 $212.38 $249.95 $745.45 PRICE/SF (LAND) $59.98 $48.86 $64.62 $52.57 $61.69 $51.29 $62.38 $78.44 CAP RATE CAP 6.15% 6.51% 6.76% 5.19% - - - - ZONING CG C1 C1 C1 C1 C2 - - 2/26/2019 2/26/2019 2/26/2019 2/26/2019 4/26/2019 3/13/2019 4/29/2019 CLOSE OFCLOSE ESCROW - 25

COMPARABLES ANALYSIS AREA OVERVIEW FINANCIAL ANALYSIS PROPERTY OVERVIEW

4 AREA OVERVIEW INDIO, CA

Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California's Colorado Desert region. It lies 23 miles (37 km) east of Palm Springs,

COACHELLA: 3 MILES MILES 3 COACHELLA: 75 miles (121 km) east of Riverside, 127 miles (204 km) east of Los Angeles, and 148 miles (238 km) northeast of .

Indio was formerly referred to as the Hub of the Valley, a Chamber of Commerce slogan used in the 1970s. It later was nicknamed the City of Festivals, a reference to the numerous cultural events held in

AREA OVERVIEW the city, most notably the Coachella Valley Music and Arts Festival.

Indio rose to fame when it became the home of the annual weekend-long music festival, the Coachella Valley Music and Arts Festival. The city is extremely popular with polo aficionados, golfers, and casino-goers. One of the most unique attractions is Shields Date Garden, which is home to a date farm while also displaying

LA QUINTA: 8 MILES 8 QUINTA: LA intricate statues depicting the life of Jesus.

82935 Avenue 48 Indio, CA 92201 PALM DESERT: 10 MILES 10 DESERT: PALM PALM SPRING: 25 MILES 25 SPRING: PALM

28 collectively attract over 1.4millionvisitors annually. as the"City ofFestivals" -thefestivals andspecialevents withinthecity eastern Riverside County. Indio isa"year round" city. Indio isknown Indio isthelargestandfastest growing cityintheCoachella Valley and POINTS OFINTERESTS Cork Tree Valley. Coachella Cork inthe Tree oldest -the and ourLiberty Garden) (Desert del Desierto Jardin Rose the Garden, Geissler the Garden, Date Japanese Garden, Memorial whichincludea ofgardens holdavariety Also, spaciousgrounds the only Date world's Museum. 1909andthe Indio Schoolhouse historic 1926adobe Smiley-Tylerthe -the House -housing ourmainexhibits whichcontains campus Museumisahistorical ValleyCoachella History Coachella Valley HistoryMuseum Valley. Coachella of the cities Indio, other andthe Rancho Mirage, Palm Desert, Indian Wells, Palm Springs, from minutes just We located are old west. shadow ofthe oasis inthe real isthe Palms Oasis Preserve Thousand the Valley, Coachella sideofthe IndioHills, inthe nestled northern On the Fantasy SpringsResort Casino Valley. Coachella ofthe cities Indio, other andthe Rancho Mirage, Palm Desert, Indian Wells, Palm Springs, from minutes just We located are old west. shadow ofthe oasis inthe real isthe Palms Oasis Preserve Thousand the Valley, Coachella sideofthe IndioHills, inthe nestled northern On the Thousand Palms OasisPreserve weekends inApril. three last annually the for Festival andStagecoach Festival Valley Coachella for grounds MusicandArts polo outits Itleases polotournaments. international 1987, ithas hosted ValleyCoachella Foundedin County, near Palm ofRiverside Springs. inthe poloclubinIndio, Polo Empire Clubisa78-acre California The Empire Polo Club 29

AREA OVERVIEW COMPARABLES ANALYSIS FINANCIAL ANALYSIS PROPERTY OVERVIEW AREA OVERVIEW

EVENTS & FESTIVALS

Dubbed the City of Festivals, Indio has become a favorite destination for foodies and music lovers, attracting more than 1 million people each year for its multiple mainstream events.

JANUARY Indio Polo Season Family Motor Coach Association Western Area Rally Sand Storm Lacrosse Festival Southwest Arts Festival February Riverside County Fair & National Date Festival March Living History Festival April Coachella Valley Music & Arts Festival Stagecoach California's Country Music Festival May Annual Desert Behavioral Health Arts Festival November Taste of Indio Cars, Stars & Rock 'n' Roll &Indio California BBQ State Championship & Festival December Indio International Tamale Festival 30 covers a footprint of approximately 642acres. ofapproximately afootprint covers event andcamping, the parking landusedfor for whenaccounting Polo Empire Club; 78-acre at the ishosted festival The Desert. Valley Coachella region's InlandEmpire Colorado inthe inIndio, the place located within California, takes Coachella Trip in2016. Desert rock-oriented classic in2011, andthe festival metal beginning Big 4thrash in2007,the musicfestival country annualStagecoach including the site, at the musicfestivals additional Goldenvoice ledto establishing success $114.6million.Coachella's people andgrossed by 250,000 was attended 2017festival The revenues. andgross attendance festival for new 2015set records 2013to from staged Coachella Each the world. and the States United in music festivals profitable andmost famous, most largest, the It isoneof groups. andreunited as well artists as emerging artists musical popularandestablished showcases Coachella history. festival's inthe in2003,oneofseveral expansionsandadditions grounds on the camp to spectators began permitting lineupeach weekend. same weekends the Organizers three-day with inApril, consecutive day was Coachella athird in2007andeventually expanded to weekend asecond a two-day format. in2012;itisnow held on to reverted festival onanannualbasis beginning 2001,as asingle-day event. In2002,the inApril returned 2000, Coachella noevent was held in Woodstock '99.After after months days 1999,three oftwo inOctober being held over course Festival the Coachella inaugural leading the to events, large hosting for show viability validated site's by The the Ticketmaster. controlled venues Polo Empire Clubwhileboycotting at the Jamperformed Pearl that a1993concert backto trace origins festival's The live music. host continuously several stages grounds, the Across andsculptures. installations dance music, as well as art pop,indie, many ofmusic, including from rock, hiphop,andelectronic genres artists musical event features The by Paul Tollett andRickVan ofAEGPresents. by Goldenvoice, in1999,andisorganized Santen asubsidiary Itwas co-founded Valley Polo Empire Coachella Desert. ClubinIndio, held at the inthe Colorado California, inthe festival arts isanannualmusicand Festival) Coachella orthe Coachella called (commonly Festival Valley Coachella The MusicandArts COACHELLA VALLEY MUSIC &ARTS FESTIVAL mood. to theweekend’s refreshingly mellow The wildlydiverse lineup contributed Rolling Stone (1999) 31

AREA OVERVIEW COMPARABLES ANALYSIS FINANCIAL ANALYSIS PROPERTY OVERVIEW DEMOGRAPHICS

86,867 Total Population of Indio, CA. The median age is 36.4.

AREA OVERVIEW 49% 51% Male Female

EDUCATION

31.55% 27.72% 10.77% 5.79% High School Graduate Some College or Associates Degree Bachelor’s Degree Master’s Degree or Higher

ECONOMY

Two major contributions to the local economy are year-round agriculture and tourism, although the majority of tourist activity is seasonal between October and May. In recent years, Indio served as a magnet of job opportunities for immigrants and newcomers from parts of California and across the nation. Job fields such as agriculture, construction, hospitality (hotels and resorts), maintenance, and retail and housekeeping are highly needed in the area.

32 DEMOGRAPHICS 2019 Total Population: Population Growth 2019-2024 Growth Population Average Age: Average 2019 Total Households: Avg Household Size: 2019 Owner Occupied Households: Occupied 2019 Owner 2019 Renter Households: Occupied <$25,000 2019 HOUSEHOLDS HOUSEHOLD BY INCOME $25,000 -$50,000 $50,000 -$75,000 $75,000 -$100,000 $100,000 -$125,000 $125,000 -$150,000 $150,000 -$200,000 $200,000+ $150,000 -$199,999 $200,000 -$249,999 $250,000 + 2019 MedianHousehold Income 2019 Average Household Income $43,838 $59,124 24,759 1 MILE 9.69% 33.10 6,858 3,834 3,025 1,545 2,271 1,365 1.2% 0.6% 1.0% 3.60 649 406 258 245 121 101,186 $43,917 $60,646 3 MILES 28,001 16,721 11,280 6.96% 34.00 7,616 7,875 5,124 2,787 1,678 1,109 1,182 3.4% 1.0% 1.8% 3.60 631 164,593 $50,321 $70,843 5 MILES 48,655 31,256 17,398 11,859 12,343 7.01% 35.80 8,332 5,124 3,529 2,811 2,651 2,007 4.0% 1.4% 2.4% 3.30 Owner Households Occupied Average within income HH Median HH income withinMedian income HH $50,321 $70,843 31,256 within 5-m radius 5-m radius 5-m radius Renter Households Occupied Population within 5-m radius Businesses withinBusinesses a5-m 164,593 17,398 within 5-m radius 3,864 radius 33

AREA OVERVIEW COMPARABLES ANALYSIS FINANCIAL ANALYSIS PROPERTY OVERVIEW BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

82935 BRANDON MICHAELS BEN BROWNSTEIN Senior Managing Director of Investments Senior Associate Senior Director, National Retail Group National Retail Group Tel: (818) 212-2794 Tel: (818) 212-2812 Fax: (818) 212-2710 Fax: (818) 212-2710 AVENUE48 [email protected] [email protected] 82935 Avenue 48 • Indio, CA 92201 License: CA #01434685 License: CA #02012808