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Jurupa Spectrum Entertainment Center 8012-8082 Limonite Avenue, Jurupa Valley, California a ±124,817 Square Foot Multi-Tenant Entertainment Center

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Jurupa Spectrum Entertainment Center 8012-8082 Limonite Avenue, Jurupa Valley, California a ±124,817 Square Foot Multi-Tenant Entertainment Center Jurupa Spectrum Entertainment Center 8012-8082 Limonite Avenue, Jurupa Valley, California A ±124,817 Square Foot Multi-Tenant Entertainment Center For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 1 8012-8082 Limonite Avenue, Jurupa Valley, CA Confidentiality Agreement 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 Lee & Associates – Ontario and should not be made available to any other person or entity without the written consent of Lee & Associates-Ontario. 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 dili- gence investigation. Lee & Associates-Ontario 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 tenants 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, Lee & Associates-Ontario has not verified, and will not verify, any of the information contained herein, nor has Lee & Associates-Ontario conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 2 8012-8082 Limonite Avenue, Jurupa Valley, CA Table of Contents 1. EXECUTIVE SUMMARY • The Offering 2. PROPERTY INFORMATION • Description • Investment Highlights • Site Plan • Aerial • Map 3. FINANCIALS & TENANCY • Five Year Cash Flow Projections • Rent Roll • Tenant Profiles *TENANT FINANCIALS AVAILABLE UPON REQUEST 4. LOCATION • Inland Empire Overview For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 3 8012-8082 Limonite Avenue, Jurupa Valley, CA Executive Summary For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 4 8012-8082 Limonite Avenue, Jurupa Valley, CA The Offering Lee & Associates Ontario is pleased to offer to qualified investors an opportunity to purchase The Jurupa Spectrum Center, Jurupa Valley’s primary entertainment destination. The property is comprised of ±124,817 square feet of gross leasable area dominated by a mix of national name brand retailers, such as Walgreens, Untied States Postal Service, Starbucks, Papa Johns, AT&T, and Big 5. In addition, there is a complimentary mix of well established regional and local tenants such as Tristone Cinema Group (6 locations), Juan Pollo (27 locations) and Healthy Body Fitness Center. The property is being offered below replacement cost, at a low per square foot price of approximate- ly $198.00 PSF. Approximately 85% of the current rent role is backed by name brand credit, lengthly lease terms and steady rental escalations, providing a Buyer with stable appreciation ajust. The center is supported by strong tenants that offer long-term upside potential through rental escalations, additional lease-up and market growth. In addition, DaVita Dialysis just completed a brand new freestanding medical building adjacent to the United States Postal Service, attracting additional traffic to the center. If desired, an investor can spin off the outparcels at a much lower Cap Rate/Higher Price PSF, thereby lowering their PSF basis. Situated on 15.44 acres, there is a great deal of upside in expanding the project by constructing additional buildings within the excess parking lot areas. This is a unique opportunity to purchase a well-maintained, stabilized entertainment center at below replacement cost. Comprised of a dominated mix of national and regional credit tenants, and is at a much lower price per square foot than comparable. As Jurupa Valley’s primary retail entertainment attraction, this is an investor’s opportunity to own a premier trophy asset. For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 5 8012-8082 Limonite Avenue, Jurupa Valley, CA Offering Summary Location 8012-8082 Limonite Avenue, Jurupa Valley, CA Major Tenants Walgreens | Starbucks | AT&T | Tristone Theaters | Papa John's | Big 5 | Wing•Stop | USPS | Sprint | Juan Pollo | T-Mobile Offering Summary Price: $24,401,060 Current Capitalization Rate 5.75% Net Operating Income: $1,408,236 Current Occupancy: 100% Net Rentable Area: ±124,817 Year Built: 2000 / 2017 Remodel Financing Summary All Cash or Cash to New Financing (Contact Lee & Associates - Ontario for Further Details) For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 6 8012-8082 Limonite Avenue, Jurupa Valley, CA For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 7 8012-8082 Limonite Avenue, Jurupa Valley, CA For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 8 8012-8082 Limonite Avenue, Jurupa Valley, CA Property Information For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 9 8012-8082 Limonite Avenue, Jurupa Valley, CA For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 10 8012-8082 Limonite Avenue, Jurupa Valley, CA Description & Project Summary Shopping Center Name - Jurupa Spectrum Entertainment Center Property Address - 8012 - 8082 Limonite Avenue, Jurupa Valley, CA Number of Tenants - 22 Total Project Building SF - 124,817 SF Total Land Size (10 Parcels Totaling)- ±672,564 SF (15.44Acres) Total Parking Spaces - ±1,100 Spaces Major Tenants - Walgreens, Sprint, Starbucks,Big 5 Sporting Goods, Davita, Tristone 14 Cinemas, AT&T, United States Postal Service, Sprint, T-Mobile, Juan Pollo, Papa John’s and Wing Stop Traffic Counts - ±151,000 Market - Inland Empire For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 11 8012-8082 Limonite Avenue, Jurupa Valley, CA For More Information, Please Contact: Lee & Associates Barret Woods, Senior Vice President - Principal 3535 Inland Empire Blvd., Ontario, CA 91764 (909) 373.2921 | [email protected] | Lic # 01355354 www.lee-assoc.com Jurupa Spectrum Entertainment Center 12 8012-8082 Limonite Avenue, Jurupa Valley, CA Investment Highlights Premier Area Entertainment Destination: Express Way Accessibility: • Theater-Anchored Destination Center, Well Maintained • Conveniently surrounding I-15, CA-60 and CA-91 Freeways • 100% Occupancy • Mix of National and Regional Credit - Includes Walgreens, Rapidly Growing: Starbucks, TriStone Cinema, USPS, Big Five and Many More • Majority of Long Term NNN with Stable Rental Increases • Resilient Location in Fast Growing Riverside Sub Area • Main Retail Corridor - Jurupa Valley's #1 Retail Center • Jurupa Valley has a population of ±103,541 Surrounding Retailers: Break Up Value Add: • Kmart, Rite Aid, 7-Eleven, Chase Bank, Taco Bell, Del Taco, Wells Fargo Bank, Firestone Auto Care, Circle K, KFC, • Low Project Basis: A low basis translates to very competitive Subway, Stater Brothers, Crunch Fitness and Many More NNN
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