BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'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 COACHELLA VALLEY 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 TABLE OF CONTENTS 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 PROPERTY OVERVIEW CONFIDENTIALITY AND DISCLAIMER 01 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 FINANCIAL ANALYSIS 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 02 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 COMPARABLES ANALYSIS presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corpora- 03 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. AREA OVERVIEW BRANDON 04

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

SHOPPING AND DINING ECONOMY WHY BUY IN Nearly 1.4 million people visit Indio every year to attend the most famous music, Two major contributions to the local economy are year-round food, and arts festivals in the world. Popular travel site, Trivago, named Indio as agriculture and tourism, although the majority of tourist a rising global destination and Matador Network ranked Indio as the No. 1 City in activity is seasonal between October and May. the Nation for Live Music. INDIO, CA • Showcase in Indio • The Palms MAJOR EMPLOYERS Indio Grand Marketplace Citrus Plaza • United States Filter Corporation • Tala Industries • • Indio Towne Center Heritage Court • Fulton Distributors • Guthy-Renker • • • Sunrise Company • Coca-Cola • SunScape Tech • Ernst and Young TRANSPORTATION • Bermuda Dunes Airport (FAA designator: UDD) is on the north-western border of DEMOGRAPHICS 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. Population: 86,867 (1.72% Growth) • The Jacqueline Cochran Regional Airport in Thermal just a few minutes from Indio, Median Age: 36.4 is named for the famous 1920s pilot and Indio resident and used for cargo planes Median Household Income: $49,951 to ship agricultural products Number of employees: 35,963 • The closest airport with regularly-scheduled commercial passenger service is Palm Springs International Airport, about 20 miles (32 km) away.

4 5 1 PROPERTY OVERVIEW COACHELLA

HOTEL INDIGO COACHELLA - UNDER CONSTRUCTION PROPERTY OVERVIEW

McDonald's 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 FINANCIAL ANALYSIS & Easy ideally situated on 55,321 square feet of land zoned CC, located directly adjacent to the prominent Coachella Valley Music & Arts Festival fairgrounds. AVENUE48 JACKSON STREET 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 OVER 14,000 VEHICLES PER DAY 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 Walgreens 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 OVER 18,000 VEHICLES PER DAY FORMER SUPERMARKET IDEALLY SITUATED re-purpose the property to a different usage. AVENUE 48 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 ANALYSIS COMPARABLES 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, a brand new 400- 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. AREA OVERVIEW

8 9 PROPERTY OVERVIEW

HOTEL INDIGO COACHELLA COACHELLA - UNDER CONSTRUCTION INDIO 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 McDonald's

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 FINANCIAL ANALYSIS 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 Walgreens Yuma and Los Angeles. The engines needed to be cleaned of all of the sand taken in and re-filled with water. After AVENUE 48 JACKSON STREET the railroad's arrival in 1876, Indio really started to take root. The first permanent building was the craftsman style OVER 14,000 VEHICLES PER DAY 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 OVER 18,000 VEHICLES PER DAY 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. COMPARABLES ANALYSIS COMPARABLES

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 AREA OVERVIEW

10 11 LA QUINTA PALM DESERT

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

• 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 Walgreens Owner-User Buyer or an Investor can take advantage of 1.27 acres of FINANCIAL ANALYSIS JACKSON STREET • 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 AVENUE 48 INVESTMENT HIGHLIGHTS OVER 18,000 VEHICLES PER DAY 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 ANALYSIS COMPARABLES • 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 AREA OVERVIEW

12 13 *Property Rendering LA QUINTA PALM DESERT PROPERTY OVERVIEW

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 FINANCIAL ANALYSIS

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 DAY PER VEHICLES 18,000 OVER Prospective purchases are encouraged to visit the site YEAR BUILT 2009 and review all due diligence materials prior to submitting Walgreens AVENUE48 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. COMPARABLES ANALYSIS COMPARABLES

JACKSON STREET $107 $27 11.18% $1.00 OVER 14,000 VEHICLES PER DAY PRICE/SF (BLDG) PRICE/SF (LAND) PRO FORMA CAP RATE PRO FORMA RENT/SF AREA OVERVIEW

14 15 PROPERTY OVERVIEW

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 FINANCIAL ANALYSIS 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. ANALYSIS COMPARABLES

APN NUMBER

The APN Number is 614-340-019. PARKING ZONING

The zoning is CC.

60 AREA OVERVIEW

16 17 2 FINANCIAL ANALYSIS PROPERTY OVERVIEW

RENT ROLL PRICING

TENANT SF SF % PRO FORMA RENT PRO FORMA RENT/SF Vacant 13,969 100% $13,969.00 $1.00 82935 Avenue 48 ADDRESS TOTAL 13,969 100% $13,969.00 $1.00 Indio, CA 92201 PRICE $1,500,000 FINANCIAL ANALYSIS

BUILDING SF 13,969 SF FINANCIAL ANALYSIS ANNUALIZED OPERATING DATA LAND SF 55,321 SF (1.27 Acres) INCOME AND EXPENSE PRO FORMA EXPENSE BREAKDOWN PER YEAR PER SF PRICE/SF (BUILDING) $107 Scheduled Lease Income $167,628 Taxes @1.25% $18,750 $1.34 NNN Charges $62,613 Insurance $2,514 $0.18 PRICE/SF (LAND) $27 Effective Gross Income $230,241 Utilities $6,286 $0.45 PRO FORMA CAP RATE 11.18%

Expenses $62,613 Landscape $4,330 $0.31 PRO FORMA NOI $167,628

Net Operating Income $167,628 Manager $13,969 $1.00 PRO FORMA RENT/SF $1.00

Trash $6,286 $0.45 ANALYSIS COMPARABLES Parking Lot Sweeping $7,683 $0.55 Reserves $2,794 $0.20 TOTAL $62,613 $4.48/$0.37 AREA OVERVIEW

20 21 3 COMPARABLES ANALYSIS PROPERTY OVERVIEW ADDRESS SALES PRICE BLDG SF LAND SF PRICE/SF PRICE/SF CAP RATE ZONING CLOSE OF 82935 Avenue 48 (LAND) ESCROW

1 83157 Avenue 48 83157 Avenue 48 1 Jackson Square $2,050,000 2,750 26,136 $745.45 $78.44 5.19% CG 4/29/2019 2 82280 Highway 111 Coachella, CA 92236 2 3 3 82360 Highway 111 82280 Highway 111 46900 Monroe St 2 Rubidoux Plaza $2,500,000 10,002 40,075 $249.95 $62.38 6.76% C2 3/13/2019 4 Indio, CA 92201 4 - Bldg E, A, C, D SALES COMPARABLES

82360 Highway 111 FINANCIAL ANALYSIS 3 South Rubidoux Plaza $2,100,000 9,888 40,946 $212.38 $51.29 6.51% - 4/26/2019 1 Indio, CA 92201

46900 Monroe St 4 Bldg E - Desert Courtyards $3,036,645 15,508 49,223 $195.81 $61.69 - C1 2/26/2019 Indio, CA 92201

46900 Monroe St 5 Bldg A - Desert Courtyards $1,351,099 6,900 25,700 $195.81 $52.57 - C1 2/26/2019 $284 Indio, CA 92201

AVG PRICE/SF (BLDG) ANALYSIS COMPARABLES 46900 Monroe St 6 Bldg C - Desert Courtyards $1,351,099 6,900 20,909 $195.81 $64.62 - C1 2/26/2019 Indio, CA 92201

46900 Monroe St 7 Bldg D - Desert Courtyards $979,057 5,000 20,038 $195.81 $48.86 - C1 2/26/2019 $60 Indio, CA 92201 AVG PRICE/SF (LAND) AVERAGE $1,909,700 8,135 31,861 $284.43 $59.98 6.15% - - AREA OVERVIEW

24 25 4 AREA OVERVIEW INDIO, CA POINTS OF INTERESTS

Indio is a city in Riverside County, California, United States, located in the Coachella Valley of

Indio is the largest and fastest growing city in the Coachella Valley and PROPERTY OVERVIEW Southern California's Colorado Desert region. It lies 23 miles (37 km) east of Palm Springs, eastern Riverside County. Indio is a "year round" city. Indio is known

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 San Diego. as the "City of Festivals" - the festivals and special events within the city collectively attract over 1.4 million visitors annually. 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. Empire Polo Club The Empire Polo Club is a 78-acre polo club in Indio, California in the Coachella Valley of Riverside County, near Palm Springs. Founded in Indio rose to fame when it became the home of the annual weekend-long music festival, the Coachella Valley 1987, it has hosted international polo tournaments. It leases out its polo Music and Arts Festival. The city is extremely popular with polo aficionados, golfers, and casino-goers. One grounds for Coachella Valley Music and Arts Festival and Stagecoach of the most unique attractions is Shields Date Garden, which is home to a date farm while also displaying Festival annually for the last three weekends in April. FINANCIAL ANALYSIS

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

Thousand Palms Oasis Preserve On the northern side of the Coachella Valley, nestled in the Indio Hills, the Thousand Palms Oasis Preserve is the real oasis in the shadow of the old west. We are located just minutes from Palm Springs, Indian Wells, Rancho Mirage, Palm Desert, Indio, and the other cities of the Coachella Valley.

Fantasy Springs Resort Casino 82935 Avenue 48 Indio, CA 92201 On the northern side of the Coachella Valley, nestled in the Indio Hills, PALM DESERT: 10 MILES 10 DESERT: PALM the Thousand Palms Oasis Preserve is the real oasis in the shadow of the

old west. We are located just minutes from Palm Springs, Indian Wells, ANALYSIS COMPARABLES Rancho Mirage, Palm Desert, Indio, and the other cities of the Coachella Valley.

Coachella Valley History Museum Coachella Valley History Museum is a historical campus which contains the 1926 adobe Smiley-Tyler House - housing our main exhibits - the historic 1909 Indio Schoolhouse and the world's only Date Museum. Also, the spacious grounds hold a variety of gardens which include a

PALM SPRING: 25 MILES 25 SPRING: PALM Memorial Date Garden, Japanese Garden, the Geissler Rose Garden, the Jardin del Desierto (Desert Garden) and our Liberty Tree - the oldest Cork Tree in the Coachella Valley. AREA OVERVIEW

28 29 The wildly diverse lineup contributed to the weekend’s refreshingly mellow mood. PROPERTY OVERVIEW Rolling Stone (1999)

AREA OVERVIEW COACHELLA VALLEY MUSIC & ARTS FESTIVAL

The Coachella Valley Music and Arts Festival (commonly called Coachella or the Coachella Festival) is an annual music and

EVENTS & FESTIVALS arts festival held at the Empire Polo Club in Indio, California, in the Coachella Valley in the Colorado Desert. It was co-founded FINANCIAL ANALYSIS by Paul Tollett and Rick Van Santen in 1999, and is organized by Goldenvoice, a subsidiary of AEG Presents. The event features musical artists from many genres of music, including rock, pop, indie, hip hop, and electronic dance music, as well as art Dubbed the City of Festivals, Indio has become a favorite destination for foodies and music lovers, installations and sculptures. Across the grounds, several stages continuously host live music. attracting more than 1 million people each year for its multiple mainstream events. The festival's origins trace back to a 1993 concert that Pearl Jam performed at the Empire Polo Club while boycotting venues JANUARY Indio Polo Season controlled by Ticketmaster. The show validated the site's viability for hosting large events, leading to the inaugural Coachella Festival being held over the course of two days in October 1999, three months after Woodstock '99. After no event was held in Family Motor Coach Association Western Area Rally 2000, Coachella returned on an annual basis beginning in April 2001, as a single-day event. In 2002, the festival reverted to Sand Storm Lacrosse Festival a two-day format. Coachella was expanded to a third day in 2007 and eventually a second weekend in 2012; it is now held on consecutive three-day weekends in April, with the same lineup each weekend. Organizers began permitting spectators to camp Southwest Arts Festival on the grounds in 2003, one of several expansions and additions in the festival's history. February Riverside County Fair & National Date Festival Coachella showcases popular and established musical artists as well as emerging artists and reunited groups. It is one of ANALYSIS COMPARABLES March Living History Festival the largest, most famous, and most profitable music festivals in the United States and the world. Each Coachella staged April Coachella Valley Music & Arts Festival from 2013 to 2015 set new records for festival attendance and gross revenues. The 2017 festival was attended by 250,000 people and grossed $114.6 million. Coachella's success led to Goldenvoice establishing additional music festivals at the site, Stagecoach California's Country Music Festival including the annual Stagecoach country music festival beginning in 2007, the Big 4 thrash metal festival in 2011, and the May Annual Desert Behavioral Health Arts Festival classic rock-oriented Desert Trip in 2016. November Taste of Indio Coachella takes place in Indio, California, located in the Inland Empire region's Coachella Valley within the Colorado Desert. Cars, Stars & Rock 'n' Roll &Indio California BBQ The festival is hosted at the 78-acre Empire Polo Club; when accounting for land used for parking and camping, the event State Championship & Festival covers a footprint of approximately 642 acres. AREA OVERVIEW December Indio International Tamale Festival 30 31 DEMOGRAPHICS

DEMOGRAPHICS 1 MILE 3 MILES 5 MILES PROPERTY OVERVIEW 2019 Total Population: 24,759 101,186 164,593 86,867 Population Growth 2019-2024 9.69% 6.96% 7.01% Total Population of Indio, CA. The median age is 36.4. Average Age: 33.10 34.00 35.80 2019 Total Households: 6,858 28,001 48,655

AREA OVERVIEW $70,843 164,593 49% 51% Avg Household Size: 3.60 3.60 3.30 Average HH income within Population within 5-m radius Male Female 5-m radius 2019 Owner Occupied Households: 3,834 16,721 31,256 EDUCATION 2019 Renter Occupied Households: 3,025 11,280 17,398 2019 HOUSEHOLDS BY HOUSEHOLD INCOME FINANCIAL ANALYSIS <$25,000 1,545 7,616 11,859 $25,000 - $50,000 2,271 7,875 12,343 $50,000 - $75,000 1,365 5,124 8,332 $75,000 - $100,000 649 2,787 5,124 31,256 17,398 $100,000 - $125,000 406 1,678 3,529 Owner Occupied Households Renter Occupied Households $125,000 - $150,000 258 1,109 2,811 within 5-m radius within 5-m radius 31.55% 27.72% 10.77% 5.79% $150,000 - $200,000 245 1,182 2,651 High School Graduate Some College or Associates Degree Bachelor’s Degree Master’s Degree or Higher $200,000+ 121 631 2,007 ANALYSIS COMPARABLES $150,000 - $199,999 1.2% 3.4% 4.0% $200,000 - $249,999 0.6% 1.0% 1.4% ECONOMY $250,000 + 1.0% 1.8% 2.4% 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 2019 Median Household Income $43,838 $43,917 $50,321 $50,321 3,864 (hotels and resorts), maintenance, and retail and housekeeping are highly needed in the area. Median HH income within Businesses within a 5-m 2019 Average Household Income $59,124 $60,646 $70,843

5-m radius radius AREA OVERVIEW

32 33 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