FOR SALE | BRAND NEW MULTI-TENANT RETAIL PAD WITH DRIVE-THRU | TULARE, CA

Property Features: Price: $4,315,000 • Brand New Multi-Tenant Retail Pad Building with Essential Drive-Thru • 26,100 ADT at the Signalized Corner of Mooney and Bardsley CAP Rate: 5.75% • Nationally and Regionally Branded Fast Food and Essential-Service Tenants • Triple-Net (NNN) Leases with Rent Increases • Pride of Ownership, Well Maintained, Quality Construction

FOR MORE INFORMATION CONTACT: Bryan Cifranic DRE License #01809130 Direct Line: 559/ 650.1316 [email protected] Investment Summary Page 2

EXECUTIVE SUMMARY STRONG REAL ESTATE FUNDAMENTALS Commercial Retail Associates, Inc. is pleased to have been selected as the exclusive listing agent for the • Starbucks anchored multi-tenant retail pad building with essential drive-thru sale of this brand-new multi-tenant retail pad building located near the signalized intersection of Mooney • Located near a signalized corner at an entrance to a neighborhood shopping center. Boulevard and Bardsley Avenue in Tulare, . The approximate 7,354 square foot retail building is • Brand new quality construction with designed with nice aesthetics and finishes situated on nearly one and a half acres of land and is currently leased to four corporate and regionally branded • Strong Demographics - 72,000 Population (5-Mile Radius) - $73,000 Average tenants. The subject property is well positioned near the signalized entrance to a newer neighborhood Household Income (5-Mile Radius) shopping center development anchored by CVS Pharmacy. Neighboring Tenant’s include Taco Bell, Jack • Diverse mix of nationally and regionally branded fast food, beverage and service in the Box, the Human Bean Coffee company, plus many more. This offering presents an investor with oriented tenants with triple-net (NNN) leases and favorable rent increases an opportunity to acquire a pride of ownership, net leased multi-tenant retail building equipped with an LOCATION HIGHLIGHTS essential drive-thru and a mix of fast-casual food/beverage and essential-service oriented tenants. • Near a hard corner signalized intersection at an entrance to a neighborhood shopping center anchored by CVS Pharmacy INVESTMENT SUMMARY • Notable nearby landmarks include the Tulare Campus of the College of the Address: 2173 E. Bardsley Avenue Sequoias with 3,391 students and Tulare Union High with 1,740 students Tulare, California • ±26,100 Average Daily Traffic at the nearby intersection of Mooney Boulevard Price: $4,315,000 and Bardsley Avenue CAP Rate: 5.75% • Located in an established yet growing area of southeastern Tulare, California • Neighboring business in the immediate area include: CVS Pharmacy, Taco Bell, Annual Rent: $248,234 Jack in the Box, the Human Bean Coffee company, Family Dollar, plus and many Year Built: 2020 other commercial, office, and industrial businesses Building Size: ±7,354 Square Feet Lot Size: ±1.48 Acres

FOR MORE INFORMATION CONTACT: Bryan Cifranic DRE License #01809130 Direct Line: 559/ 650.1316 [email protected] Photos - Subject Property Page 3

FOR MORE INFORMATION CONTACT: Bryan Cifranic DRE License #01809130 Direct Line: 559/ 650.1316 [email protected] Rent Roll / Income and Expenses Page 4

TENANT SQ. FT. MONTHLY ANNUAL LEASE ORIGINAL LEASE LEASE RENT ADJUST- OPTIONS / OPTION CAM, TAX, RENT RENT TERM COMMENCEMENT EXPIRATION MENTS RENT INSURANCE STARBUCKS ±2,066 $ 7,916.67 $ 95,000.00 10-Years August 7, 2020 August 31, 2030 10% Rent Increases 4, 5-YEAR with 10% PRORATA SHARE ¹ Every 5-Years Rent Increases SUBWAY ±1,258 $ 2,830.50 $ 33,966.00 7-Years January 13, 2021 December 31, 2028 10% Rent Increases 3, 5-YEAR with 10% Rent PRORATA SHARE ¹ Every 5-Years Increases every 5-years TUCOEMAS ±1,360 $ 3,264.00 $ 39,168.00 7-Years July 1, 2021 December 31, 2028 Flat during the initial 3, 5-YEAR with 5% PRORATA SHARE ¹ CREDIT UNION (est.) (est.) lease term Rent Increases FUTURE ±1,324 $ 3,310.00 ² $ 39,720.00 ² 5-Years TBD (est.) TBD (est.) TBD TBD PRORATA SHARE ¹ TENANT THE CURRY PIZZA ±1,346 $ 3,365.00 $ 40,380.00 10-Years March 15, 2021 December 31, 2031 10% Rent Increases 2, 5-YEAR with 10% PRORATA SHARE ¹ COMPANY Every 5-Years Rent Increases

TOTAL ±7,354 $ 20,686 $248,234

ANNUAL OPERATING EXPENSES: (2021 est.) ANNUAL INCOME AND EXPENSES: CAM, Repairs, and Utilities $ 27,640 Rent $ 248,234 Property Taxes $ 30,023 Expense Reimbursements $ 64,927 Insurance $ 4,500 Gross Income $ 313,161 Admin Fee @ 10% of CAM $ 2,764 Less Operating Expenses -$ 64,927 Total Operating Expenses: $ 64,927 Net Operating Income: $248,234 RENT ROLL NOTES: ¹ Tenant’s pay their prorata share of the common area maintenance charges, utility costs, property taxes, insurance premiums, and administration fees per the terms and conditions of their respective leases. ² Reflects the future tenant’s rent estimated to be at $2.50/psf/mo NNN. Seller to provide a 12-month rent guarantee on this space if not leased prior to the close of escrow.

FOR MORE INFORMATION CONTACT: Bryan Cifranic DRE License #01809130 Direct Line: 559/ 650.1316 [email protected] Tenant Profiles Page 5

Starbucks Starbucks Corporation was founded in Seattle, in 1971, and has grown into the leading coffee retailer in the world with over 31,000 locations and $26 billion in revenue. Starbucks is one of the most recognized brands in the world and has consistently been ranked on Fortune Magazine’s list of the most admired companies. Starbucks is aggressively expanding its drive-thru format which generate 30% - 60% more revenue compared to legacy cafe locations. Starbucks together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in three segments: Americas; International; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, and iced tea; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and food service accounts. It offers its products under the Starbucks, Teavana, Seattle’s Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brand names. This is a Corporate Signature Lease with Starbucks Corporation (NASDAQ: SBUX) For more information visit: www.starbucks.com Subway Subway was founded in 1965 and has become one of the fastest-growing franchises in the world. As of 2021, the company had approximately 40,000 stores located in 112 countries and more than half of those stores are located in the . Subway is the largest single-brand restaurant chain and the largest restaurant operator in the world. Since 2007, Subway has consistently ranked in Entrepreneur magazine’s “Top 500 Franchises list”. In 2015, it ranked #3 on the “Top Global Franchises” list and #1 as the “Fastest Growing Franchise”. Subway’s international headquarters are located in Milford, Connecticut, and the company also has 5 regional centers. At the end of 2010, Subway became the largest fast-food chain worldwide, beating out McDonald’s and Burger King. This is a Corporate Signature Lease with Subway Real Estate, LLC For more information visit: www.subway.com Tucoemas Federal Credit Union Tucoemas Federal Credit Union’s roots in Tulare County stretch back to 1948 when nine original members pooled their savings to create our credit union. Since then they have grown steadily and now operate five branch locations in Visalia (2), Tulare (2), and Porterville, California. Tucoemas offers its customers several different bank account options, real estate loans, auto loans, and personal loans. Along the way they have also adapted to members’ changing needs and now provide all the convenient electronic channels to their 31,000 members which they can access to manage their accounts. Their mission has always been to provide high-quality financial services for those who live, work, worship or attend school in Tulare County. This is a Corporate Signature Lease with Tucoemas Federal Credit Union For more information visit: www.tucoemas.org The Curry Pizza Company The Curry Pizza Company was created in 2017, as a family owned and operated restaurant. After working with different spices and other ingredients, they created a way to deliver an Italian dish with Indian tadka. Since then they have grown steadily and now operate four locations in Fresno (2), Tulare, and Walnut, California. Their menu consists of Indian spice inspired pizza, a classic take on traditional Italian inspired pizza, several garlic bread options, waffle fries, and their ever famous chicken wings including their Chili Chicken, Buffalo, Hot, Garlic Parmesan, Mango Habanero, Achari, Sweet Chili, Curry, Spicy Masala, Tandoori, and Cajun wings. This lease is guaranteed by Navjag Investments, LLC and personally guaranteed by the operator Virender Singh For more information visit: www.thecurrypizzacompany.com

FOR MORE INFORMATION CONTACT: Bryan Cifranic DRE License #01809130 Direct Line: 559/ 650.1316 [email protected] Trade Area Aerial Page 6

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Location Overview - Tulare, California The city of Tulare is situated in the Central San Joaquin Valley drive and, in addition to being served by Highway 99, Tulare along Highway 99, 45 miles south of Fresno and 60 miles north is 40 minutes from Interstate 5, which connects California to of Bakersfield. Tulare’s mid-state location benefits businesses and Washington. The ports of Stockton, Sacramento, Los needing same-day access to key California markets as well as Angeles and San Francisco are all within 200 miles of Tulare and residents seeking recreational opportunities in the nearby Sierra infrastructure and transportation systems are already in place to Mountains to the east and the spectacular California facilitate product movement. The main line of the Union Pacific coastline to the west. The town of Tulare was founded in 1872 Railroad runs through Tulare, offering rail access to major cities by the Southern Pacific Railroad to serve as its San Joaquin throughout the United States. Amtrak offers passenger rail service Valley headquarters. Transportation was the driving force behind from nearby Corcoran and Hanford. Domestic and international Tulare’s establishment and the city was later incorporated in 1888. flights are available at Fresno/Yosemite International Airport and Today, agriculture remains the lifeblood of the local economy Bakersfield’s Meadows Field Airport and domestic flights are 10 and Tulare sits in the heart of some of the most productive minutes away at Visalia Municipal Airport. The City of Tulare also farmland in the world. The strategic location makes Tulare very operates its own municipal airport, serving private planes. FedEx attractive to food processors and distributors because of the air service is available at the Visalia Municipal Airport and both central location and abundant supply of locally grown products. UPS and FedEx provide surface overnight service to Northern 240 Miles Los Angeles and the San Francisco Bay area are less than a 4 hour and Southern California cities.

Tulare

170 Miles

FOR MORE INFORMATION CONTACT: Bryan Cifranic DRE License #01809130 Direct Line: 559/ 650.1316 [email protected] FULL PROFILE 2000-2010 Census, 2020 Estimates with 2025 Projections DemographicsCalculated using Weighted Block Centroid from Block Groups Page 11

Lat/Lon: 36.1963/-119.3151 RF1 2173 E Bardsley Ave 1 mi radius 3 mi radius 5 mi radius 10 mi radius Tulare, California Tulare, CA 93274

2020 Estimated Population 16,040 55,082 71,656 180,931 2025 Projected Population 16,254 56,278 73,189 185,211 2010 Census Population 12,707 49,720 64,711 170,418 2000 Census Population 10,137 40,907 51,411 141,817 POPULATION Historical Annual Growth 2000 to 2020 2.9% 1.7% 2.0% 1.4% 2020 Estimated Households 5,000 17,360 22,223 60,434 2025 Projected Households 5,177 18,122 23,188 63,228 2010 Census Households 3,823 15,067 19,319 54,823 2000 Census Households 3,133 12,725 15,841 46,439

HOUSEHOLDS Historical Annual Growth 2000 to 2020 3.0% 1.8% 2.0% 1.5% 2020 Est. Population Under 10 Years 16.1% 16.4% 16.5% 15.7% 2020 Est. Population 10 to 19 Years 17.0% 16.7% 17.0% 16.1% 2020 Est. Population 20 to 29 Years 14.2% 14.5% 14.4% 14.3% 2020 Est. Population 30 to 44 Years 20.8% 20.1% 20.4% 20.1%

AGE 2020 Est. Population 45 to 59 Years 15.8% 15.6% 15.4% 16.1% 2020 Est. Population 60 to 74 Years 11.7% 11.7% 11.4% 12.4% 2020 Est. Population 75 Years or Over 4.5% 5.0% 4.8% 5.4% 2020 Est. Median Age 30.9 31.0 30.8 32.2 2020 Est. White 62.5% 59.1% 58.2% 60.8% 2020 Est. Black 3.9% 4.8% 4.7% 3.5% 2020 Est. Asian or Pacific Islander 3.3% 3.0% 3.1% 3.7%

RACE 2020 Est. American Indian or Alaska Native 1.2% 1.2% 1.2% 1.4% 2020 Est. Other Races 29.2% 31.9% 32.8% 30.6% 2020 Est. HH Income $200,000 or More 2.5% 3.8% 3.8% 5.1% 2020 Est. HH Income $150,000 to $199,999 4.9% 4.1% 4.0% 5.7% 2020 Est. HH Income $100,000 to $149,999 24.1% 17.8% 16.7% 15.1% 2020 Est. HH Income $75,000 to $99,999 16.6% 14.4% 14.7% 14.2% 2020 Est. HH Income $50,000 to $74,999 21.8% 20.0% 21.2% 20.7% 10.6% 13.4% 13.5% 12.9%

2020 Est. HH Income $35,000 to $49,999 warranty. or representation without provided is herein information The reliable. be to deemed sources government and private from data using produced was report This 2020 Est. HH Income $25,000 to $34,999 7.5% 9.2% 9.3% 9.1% INCOME 2020 Est. HH Income $15,000 to $24,999 4.7% 7.5% 7.2% 8.1% 2020 Est. HH Income Under $15,000 7.3% 9.8% 9.5% 9.0% 2020 Est. Average Household Income $74,345 $73,476 $73,102 $78,402 2020 Est. Median Household Income $72,519 $64,480 $64,188 $65,312 2020 Est. Per Capita Income $23,184 $23,186 $22,699 $26,254

2020 Est. Total Businesses 152 1,433 1,666 5,646

Business 2020 Est. Total Employees 1,614 15,111 16,972 56,589

©2021, Sites USA, Chandler, , 480-491-1112 page 1 of 3 Demographic Source: Applied Geographic Solutions 11/2020, TIGER Geography

FOR MORE INFORMATION CONTACT: Bryan Cifranic DRE License #01809130 Direct Line: 559/ 650.1316 [email protected] This report was produced using data from private and government sources deemed to be reliable. The information herein is provided without representation or warranty. or representation without provided is herein information The reliable. be to deemed sources government and private from data using produced was report This Page 12

DISCLAIMER Commercial Retail Associates, Inc. hereby advises all prospective buyers of property as follows:

The information contained in this Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Commercial Retail Associates, Inc. and should not be made available to any other person or entity without the written consent of Commercial Retail Associates, Inc. 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. Commercial Retail Associates, Inc. and its agents have not made any investigations, 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, Commercial Retail Associates, Inc. and its agents have not verified, and will not verify, any of the information contained herein, nor has Commercial Retail Associates, Inc. and its agents conducted any investigations 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.

All property showing are by appointment only. Please contact a Commercial Retail Associates agent for more details.

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FOR MORE INFORMATION CONTACT: Bryan Cifranic DRE License #01809130 Direct Line: 559/ 650.1316 [email protected]