RETAIL NNN LEASED INVESTMENT FOR SALE Bank of the West 2507-2509 Somersville Road, Antioch, CA 94509

REDUCED PRICE 2% FEE TO PROCURING BROKERS

Bryan Wirt John Hynes OFFERING MEMORANDUM DRE: 00665363 DRE: 02077645 Tel: 916.677.8151 Tel: 916.677.8184 2507-2509 Somersville Road [email protected] [email protected] 532 Gibson Drive, Suite 200, Roseville, CA 95678 Antioch, CA 94509 TABLE OF CONTENTS 2507-2509 Somersville Road, Antioch, CA 94509

DISCLAIMER & 3 CONFIDENTIALITY LOCATION 4 DESCRIPTION 5 RETAILER MAP EXECUTIVE 6 SUMMARY 7 REGIONAL MAP 8 PROPERTY DETAILS AERIAL & 9 PARCEL MAP SALE 10 COMPARABLES 11 TENANT PROFILES 12 FINANCIALS 13 DEMOGRAPHICS DISCLAIMER & CONFIDENTIALITY 2507-2509 Somersville Road, Antioch, CA 94509

TRI Commercial Real Estate Services, Inc. (“Broker”) has been retained and authorized by the property owner (“Owner”) to exclusively prepare and distribute the enclosed information (“Investment Offering”) for the purpose of soliciting offers to purchase from interested parties. Neither the Broker nor Owner makes any representation or warranty, expressed or implied, as to the completeness or accuracy of the material contained in this Investment Offering.

Prospective buyers of the property are advised that changes may have occurred in the physical or financial condition of the property since the time this Investment Offering or the financial statements therein were made by Broker and are based upon assumptions or events beyond the control of the Broker and Owner, and therefore may be subject to variation. Prospective buyers of the property are advised and encouraged to conduct their own comprehensive review and analysis.

The Investment Offering is a solicitation of interest only and is not an offer to sell the property. The Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and expressly reserve the right, at their sole discretion, to terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering or making an offer to purchase the property unless and until a purchase and sale agreement has been mutually executed by buyer and seller.

This Investment Offering is confidential. By accepting the Investment Offering, you agree that (a) you will hold and treat the Investment Offering and its contents in strict confidence, (b) you will not photocopy or duplicate any part of the Investment Offering, (c) you will not disclose the Investment Offering or its contents to any other entity without the prior written authorization of the Owner, and (d) you will not use the Investment Offering in any fashion or manner detrimental to the Owner or Broker.

We have obtained the information contained in the offering from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We have included projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. The Undersigned Hereby Acknowledges and Agrees to the Foregoing

Interested Party: Broker / Agent: Company: Company: By: By: Name: Name: Title: Title: Phone: Phone: E-Mail: E-Mail: Date: Date:

Please return to Bryan Wirt at TRI Commercial via fax (916) 525-8019 or [email protected] John Hynes | [email protected] Joe Garrison | [email protected]

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. LOCATION DESCRIPTION 2507-2509 Somersville Road, Antioch, CA 94509

The Interchange of Highway 4 and Somersville Road is the retail hub for the City of Antioch. The subject property sits just off the corner of Somersville Road and Delta Fair Blvd across from the Somersville Town Center. The building has direct Somersville frontage in front of 99 Cents Only store and Big Lots. It’s part of a 20-acre commercial project with retail stores and professional/service office buildings.

The free-standing building fronts on Somersville Road and has outstanding visibility to the signalized intersection of Somersville Road and Delta Fair Blvd. The immediate trade area is made up of a mix of commercial properties and multi-family complexes. The area just south, down Somersville Road, is exploding with new residential developments (±2,000 housing units under construction or in process). With the new extension of Bart into Antioch the demand for residential housing will continue to be extremely high.

Antioch is located on the banks of the San Joaquin River in Northern California, just off of Highway 4, in Contra Costa County. With a population of over 100,000 people, Antioch has become the heart of Eastern Contra Costa County, offering a variety of employment, shopping and vast recreational activities.

Land remains plentiful and affordable, compared with other parts of the Bay Area. The pace of development in Antioch has spurred activity for financial and insurance institutions, contractors, and other types of service-oriented businesses. Increased development has created increased employment in schools, hospitals and other local service sectors.

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. RETAILER MAP 2507-2509 Somersville Road, Antioch, CA 94509

N Century Plaza

Auto Center Dr

Century Blvd

Delta Gateway

ADT - 18,000

FOR CALI NIA Proposed Mixed-Use Redevelopment SUBJECT 4

ADT - 22,000 PROPERTY

Somersville Rd Delta Fair Blvd Buchanan Rd EXECUTIVE SUMMARY 2507-2509 Somersville Road, Antioch, CA 94509

INVESTMENT OVERVIEW

PROPERTY ADDRESS 2507-2509 Somersville Rd, Antioch, CA 94509

TOTAL BUILDING SQ.FT. ±8,212 Sq.Ft.

TOTAL ACRES ±0.8 Acres

ZONING C-3 Service Commercial

OCCUPIED 100%

NET OPERATING INCOME: $236,984.46

CAPITALIZATION RATE: 7.00%

PURCHASE PRICE: $3,385,492.00 $412.26 Per Sq. Ft.

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. REGIONAL MAP 2507-2509 Somersville Road, Antioch, CA 94509

N

Century Plaza

Auto Center Dr Delta Fair Blvd Delta Gateway

Student Population: Approx. 9,738 SUBJECT Proposed Mixed-Use Redevelopment PROPERTY

Buchanan Rd ALIFORNI Somersville Rd C A Sky Ranch 4 415 Single Family Units Approved

Tuscany Meadows 917 Single Family Units 365 Multi-Family Units Approved Sorrento Village 92 Single Family Units Approved Total New Housing 1,789 Units PROPERTY DETAILS 2507-2509 Somersville Road, Antioch, CA 94509

PROPERTY ADDRESS: 2507-2509 Somersville Rd Antioch, CA 94509

PRICE: $3,385,492.00

CAP RATE: 7.00%

BLDG. FOOTPRINT: ± 8,212 SF

STORIES: One (1)

TYPE: Freestanding Retail with Drive-Thru YEAR BUILT: 1974

TENANCY: Multi-Tenant

# OF UNITS: Two (2)

FRONTAGE: On Somersville and Delta Fair

PARKING: 34 Spaces / 4.15 per 1,000

PARCEL #: 076-432-031

LAND ACRES: ±0.8 AC

LAND SF: ±34,848 SF

ZONING: C-3

OPPORTUNITY ZONE: Yes

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. PROPERTY AERIAL & PARCEL MAP 2507-2509 Somersville Road, Antioch, CA 94509

Delta Fair Blvd ADT - 18,000

Somerville Rd ADT - 22,000 SALE COMPARABLES 2507-2509 Somersville Road, Antioch, CA 94509

SUBJECT COMP 1 COMP 2 COMP 3

Somersville Menifee Lakes Menifee Lakes N Centre Comparable Property Name Bank of the West Plaza Plaza City Pky Averages

2507-2509 29857 29881 700 Address - Somersville Road Antelope Road Antelope Road N Centre City Pky City Antioch Menifee Menifee Escondido - Year Built 1974 2019 2019 2018 - Acres ± 0.8 AC ± 0.75 AC ±0.88 AC ±0.76 AC ± 0.80 AC Total Rentable SF ± 8,212 SF ±4,250 SF ± 5,000 SF ± 6,568 SF ± 5,273 SF

Sale Date - 8/1/2019 10/11/2019 1/10/2020 - Sale Price $3,385,492 $3,300,000 $4,050,000 $5,100,000 $4,150,000 Sale Price / Sq. Ft. $412.26/SF $776.47/SF $810.00/SF $776.47/SF $787.65/SF Cap Rate 7.00% 5.19% 5.27% 5.19% 5.22%

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. TENANT PROFILES 2507-2509 Somersville Road, Antioch, CA 94509

BANK OF THE WEST Bank of the West is a financial services company headquartered in San Francisco with $101.4 billion in assets as of 3/31/2020. With community bank roots dating back more than 140 years, Bank of the West operates a network of retail, wealth, commercial and business banking branches and offices in 24 states. The Bank has nearly 10,000 team members serving the needs of 1.8 million customers.

PARENT – BNP PARIBAS BNP Paribas S.A. is a French international banking group. It is the world’s 8th largest bank by total assets, and currently operates with a presence in 72 countries. It was formed through the merger of Banque Nationale de Paris (BNP) and Paribas in 2000, but has a corporate identity stretching back to its first foundation in 1848 as a national bank. It is one of three major international French banks, along with Société Générale and Crédit Agricole. The group is listed on the first market of Euronext Paris and a component of the Euro Stoxx 50 stock market index, while it also included in the French CAC 40 index. With both a retail banking section and investment banking operations, the bank is present on five continents. Its retail banking networks serve more than 30 million customers in its three domestic markets, France, Belgium and Italy through several brands such as BNL and Fortis. The retail bank also operates in the Mediterranean region and in Africa. In the Americas, it operates in the western United States as Bank of the West. As an investment bank and international financial services provider for corporate and institutional clients, it is present across Europe, the Americas, and Asia.

MOUNTAIN MIKE’S PIZZA Mountain Mike’s Pizza is a chain of 229 pizzerias mainly along the West Coast of the United States, primarily in Northern California. They have additional locations in Nevada, Oregon, and Utah. The restaurants offer other items, such as pasta and chicken wings. They also have locations in Southern California, including Inland Empire and Orange County and two locations in San Diego. The first Mountain Mike’s Pizza restaurant was established in 1978 in Palo Alto, California. What started as a single pizza restaurant with a casual, family- friendly atmosphere has since grown into a leading pizza brand.

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. FINANCIALS 2507-2509 Somersville Road, Antioch, CA 94509

RENT ROLL Month Base Rent (Gross) Annual Lease Tenant SF Amount Rent (Gross) Type Commenced Expires Options 2507 ± 5,200 SF $15,167 $182,004 NNN 1/14/1994 1/31/2026 None Bank of the West 2509 ± 3,012 SF $7,008 $84,096 NNN 1/1/2012 12/31/2021 Two 5-yr Options* Mountain Mike’s Pizza *Assumes 10% rental Totals ± 8,212 SF $22,175 $266,100 increases every 5 years INCOME EXPENSES

Monthly Gross Income $22,175 Management Fee $9,548

Utilities $16,500 Annual Gross Income $266,100

Repair & Maintenance $7,400 Effective Gross Income $266,100 Insurance $4,121

R.E. Taxes $61,858 CAM Expense Reimbursement* $70,371.50

Total Income $336,411.50 Total Expenses $99,427 *Includes Bank of the West *$18,000 Tax Reimbursement Net Operating Income: $236,984.46

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. DEMOGRAPHICS (2020) 2507-2509 Somersville Road, Antioch, CA 94509

SUMMARY WITHIN 1, 3, 5 - MILE (2020)

POPULATION: MEDIAN AGE: 1 MILE - 18,043 1 MILE - 33.4 3 MILE - 87,596 3 MILE - 35.7 5 MILE - 163,883 5 MILE - 35.4

HOUSEHOLDS: AVG. HOUSEHOLD SIZE: 1 MILE - 5,932 1 MILE - 3.7 3 MILE - 28,564 3 MILE - 3.7 5 MILE - 50,465 5 MILE - 3.8

AVG. HOUSEHOLD INCOME: 1 MILE - $68,167 3 MILE - $88,792 5 MILE - $99,988

DAYTIME POPULATION (AGE 16+): 1 MILE - 12,453 1 MILE 3 MILE - 53,674 5 MILE - 86,414

OCCUPATION: (WHITE COLLAR) (BLUE COLLAR) 3 MILE 1 MILE - 46.7% 1 MILE - 53.3% 3 MILE - 49.0% 3 MILE - 51.0% 5 MILE - 51.8% 5 MILE - 48.2%

BUSINESSES: EMPLOYEES: 1 MILE - 640 1 MILE - 6,364 3 MILE - 2,767 3 MILE - 25,301 5 MILE 5 MILE - 4,179 5 MILE - 37,124

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. 2507-2509 SOMERSVILLE ROAD, ANTIOCH, CA 94509

Bryan Wirt DRE: 00665363 Tel: 916.677.8151 [email protected]

John Hynes DRE: 02077645 Tel: 916.677.8184 [email protected]

532 Gibson Drive, Suite 200 Roseville, CA 95678