TYLER STREET PLAZA 3838-3870 TYLER STREET | RIVERSIDE, CA OFFERING MEMORANDUM TABLE OF CONTENTS

EXECUTIVE SUMMARY 04

PROPERTY OVERVIEW 08

MARKET OVERVIEW 14

FINANCIAL ANALYSIS 22

ADDITIONAL PHOTOS 26 EXECUTIVE SUMMARY 1 OFFERING Summary

PROPERTY SUMMARY TYPE OF OWNERSHIP Fee Simple PROPERTY TYPE Retail-Community Center ADDRESS 3838-3870 Tyler Street, Riverside, CA 92505 ZONING C2 PROPERTY APN 143-170-017 3838-3870 TYLER SALE SUMMARY BUILDING SIZE 80,915 SF LOT SIZE 250,906 SF STREET YEAR BUILT 1980 NUMBER OF TENANTS 7 Tenants SALE SUMMARY

PRICING PRICE PER SF PRICE PER SF ON LAND $12,500,000 $154 $50

CAP RATE | NOI PARKING SPOTS

5.7% | $708,074 305

06 07 PROPERTY OVERVIEW 2 PROPERTY OVERVIEW

BY RIGHT WITH TOC PRICE $5,500,000 $5,500,000 TYLER STREET PLAZA MAX POTENTIAL UNITS 42 UNITS 69 UNITS PRICE/POTENTIAL UNIT $130,952/Unit $79,710/Unit Compass Commercial has been exclusively retained for the sale of Tyler Street Plaza located at 3838 - 3870 Tyler Street in the City of BUILDABLE SF 25,506 SF 55,263 SF Riverside. The Tyler Street Plaza is an 80,915 square foot shopping center ideally situated on 5.76 acre of land located in the Tyler PRICE/BUILDABLE SF $216 $99.52 Street retail hub in Riverside, California. Tyler Street Plaza has been anchored by Burlington Coat Factory since 1999 and continues to Maximum FAR SALE SUMMARY1.5:1 3.25:1 SALE SUMMARY be one of the leading value retailers in the industry. Tyler Street shopping center consists of seven tenants including Wendy’s, a MAXIMUM HEIGHT Feet None None national credit tenant fast food restaurant since 2021. The center was built in 1980 and is located on Tyler Street, just north of the Stories None None Magnolia Avenue/Tyler Street intersection. The subject property has a total of 305 parking spaces. MINIMUM SETBACKS Front 0 ft. 0 ft. Side 5 ft. (only for residential stories) 5 ft. Tyler Street Plaza is one of Inland Empire’s most desirable retail • 80,915 SF Multi-Tenant Shopping Plaza Back 15 ft. 5 ft. (no setbacks required for mixed-use...) corridors located at the signalized intersection of major Tyler Street and Magnolia Avenue, approximately half of mile from I-91 E FWY. • 305 Parking Spots None at least 9% for Extremely Low Income, or 12% The center is full of major anchor tenants, including Nordstrom, • Pad on Tyler Street, just north of Magnolia Avenue - One of AFFORDABLE UNITS REQUIRED for Very Low, or 21% for Low Income Macy’s, Cheesecake Factory, Yard House, Target, Best Buy. Nearby Inland Empire’s Most Desirable Retail Corridors parks include Myra Lynn Park, Challen Park and Collett Park. • Tyler Street Plaza major tenants: Burlington and Wendy’s 1 space per unit with less than 3 habitable rooms 1.5 spaces per unit with 3 habitable rooms • Area tenants include Nordstrom, Macy’s, Cheesecake PARKING REQUIRED 2 spaces per unit with more than 3 habitable rooms Shall not be required to exceed 1 space per unit * Buyer to verify all information inclusive of square footage. Don’t Factory, Yard House, Target, Best Buy 1 space per guest room (first 30) disturb the tenants. • Exceptional Parking with Tremendous Visibility to Tyler Street TYLER AVENUE • Half a mile away from I-91 E FWY 100 sq ft per unit with less than 3 habitable room; REQUIRED OPEN SPACE 125 sq ft per unit with 3 habitable rooms;175 sq ft Up to 20% decrease in required open space per unit with more than 3 habitable rooms

10 11 PLAT MAP

12 13 MARKET OVERVIEW 3 MARKET OVERVIEW Demographics Map & Report

Population DEM1 MileRA2 MilesIC3 MilesS Total Population 19,387 77,914 142,023 EASTVALE Average age POPULATION 29.2MILE 229.0 MILES 329.6 MILES HOUSEHOLD BY INCOME MILE 3 MILE 5 MILE Average age (Male) 28.7 28.7 29.0 RIVERSIDE Total opulation 19,387 77,914 142,023 2020 Estimate Average age (Female) 30.2 29.5 30.3 Average Age 29.2 29.0 29.6 $150,000 or More 23.83% 25.52% 20.44% Households & Income 1 Mile 2 Miles 3 Miles Average Age(Male) 28.7 28.7 29.0 NORCO Total households 5,454 21,262 39,148 $100,000 - $149,000 16.94% 15.89% 13.97% # of persons per HHAverage Age(Female) 30.23.6 29.53.7 30.33.6 Average HH income $54,451 $63,712 $65,237 $75,000 - $99,999 12.97% 11.55% 11.11% Average house value $334,261 $330,225 $329,694

* Demographic data derived from 2010 US Census $50,000 - $74,999 14.41% 14.94% 15.51%

3838 TYLER STREET HOUSEHOLDS MILE 2 MILES 3 MILES CASTLE PARK $25,000 - $49,999 14.10% 14.82% 18.78% Total ouseholds 5,454 21,262 39,148

of ersons per 3.6 3.7 3.6 Under $25,000 17.75% 17.29% 20.18%

Average Income $54,451 $63,712 $65,237

Average ouse Value $334,261 $330,225 $329,694 Average Income $111,975 $114,474 $100,502

CORONA Median Income $82,199 $81,388 $67,754

16 17 Elizabeth Clark Laura Milshteyn

Senior Vice President Commercial Associate 2 310.691.7884 310.400.0430 [email protected] [email protected] CalDRE #01811246 CalDRE #01997655 RIVERSIDE CITY It is the most populous city in the Inland Empire and in Riverside County, and is located about 50 miles (80 km) east of Location Map downtownThe economic Los baseAngeles. has changedThe city overlies onthe the years. SantaOil Ana extraction River. createdWith San a Bernardino andAVIATION Ontario & it forms aFINANCIAL metropolitan HEALTHCARE HOSPITALITY & complex east of . The city was laid out in 1870 in part on a section of RanchoAEROSPACE Jurupa, a MexicanSERVICES land grant TOURISM ofboo 1838.m and Initially this was named a Navy Jurupa, town for the many city yearsbeganbe asfore a silk-growingthe base closed colony. . The Renamed Riverside, it developed as a citrus town; theaerospace state’s industryfirst Washington played an navel-orange important role trees, . Douglas propagated Aircraft Companyfrom Brazilian cuttings, were cultivated there in 1873. The Parent(later McDo Navelnn ellOrange Douglas Tree and and now the part California of Boeing) Citrus had State plants Historic at the LongPark are now popular local attractions. RiversideBeach Airport is known where forth eyits builtcitrus aircraft orchards, for World the University War II, and of laterCalifornia, built DC- Riverside campus and the historic Mission Inn Hotel & Spa. With its affordable housing options, it’s also an appealing spot for homebuyers. Riverside’s economy includes 8s, DC-9s, DC-10s, and MD-11s. Boeing built the Boeing 717 until 2006 and manufacturing and distributive and educational activities. March Air Reserve BaseINTE (untilRNATIONAL 1996 March Air ForceOIL & Base), REAL ESTATE TECHNOLOGY withthe C-17 a field Globem museumaster III strategic containing airlifter vintage plant aircraft, is sched uled is nearby. to close. EvenAt the northern edgeTRADE of the city is theENERGY Regionalafter greatly Park, red anducing south the ofnu thembe cityr ofis Lake local Mathews.employees Mount in recent Rubidoux years, is a popular site for slab rock climbing. Other area recreational attractions include Lake Perris State Recreation Area, Mockingbird Canyon, and Sycamore Canyon Park. Boeing is still the largest private employer in the city. Polar Air Cargo, an Theintern medianational cargohome airline,value in was Riverside formerly is based$394,400, in Long while Beach. the median TABC, Inc.,list price a per square foot in Riverside is $239, according to Zillow’s data through May 31, 2018. Riverside’s home values have gone up 9 percent since 2017. Zillow analysts forecast homepart of prices Toyota, in makesRiverside a variety will rise of car 4.4 parts, percent including between stee ring2018 columnsand 2019. and Riverside boasts several distinctive neighborhoods thatcatalytic cater converters, to both single in Long professionals Beach. and families. Those who live in Riverside County can gas up their car and decide whether they’d like to visit their favorite Disney characters in Anaheim, hit the slopes in the , go wine tasting in Temecula or see the bright lights of Los Angeles. Riverside’s central proximity to many classic attractions makes it an attractive place to live.

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2418 Elizabeth Clark Laura Milshteyn 19 Senior Vice President Commercial Associate 1 310.691.7884 310.400.0430 [email protected] [email protected] CalDRE #01811246 CalDRE #01997655 &

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(32,494 CARS PER DAY)

TYLER ST. (40,874 CARS PER DAY) MAGNOLIA AVE. (30,239 CARS PER DAY)

HOLE AVE.

R TYLER AVENUE

STEVE MCDONALD NORMAN LEE All information furnished regarding property for sale, rental or financing is from sources deemed reliable. No representation is Managing Director Senior Managing Director made as to the accuracy thereof and it is submitted subject to [email protected] | 310-591-4744 [email protected] | 213-596-2242 errors, omissions, change of price, rental or other conditions, prior License #01054568 License #01374832 sale, lease, or financing, or withdrawal without notice. FINANCIAL ANALYSIS 4 RENT ANNUALIZED ROLL FINANCIAL

Tyler Street Plaza Properties: 3838-3870 Tyler Street, Riverside, CA Annualized Financial Statement Units: Active As of: May 2021 Gross Potential Income $866,447 Expenses Reimbursement $212,650 Total Gross Income $1,079,097 Renewal Base Rent Base Rent CAM Rent Suite Tenant SqFt Lease Start Lease End Base Total/YR CAM Total/YR Total/YR CAM% Option ($/SF/Mo) (Month) (Month) (Base+CAM) Less Vacancy (3%) $32,373 Less Expenses $338,650 3838 Wendy's 2,000 1/13/2021 1/12/2046 $6.04 $12,083.33 $12,083.33 $145,000.00 $145,000.00 8.353 Net Operating Income $708,074 1,200 5/1/2021 4/30/2025 $2.89 $3,471.00 $593.76 $41,652.00 $7,125.12 1.394 3852 Jenny's Nail & SPA $4,064.76 $48,777.12 Cap Rate 5.7% 3854 PC House 1,003 6/1/2020 MTM $1.99 $1,995.39 $412.48 $2,407.87 $23,944.68 $4,949.76 $28,894.44 1.165 3858 Smile Maker Dental 2,041 9/1/2019 8/31/2022 7, 1-Year $1.65 $3,367.65 $828.00 $4,195.65 $40,411.80 $9,936.00 $50,347.80 2.37 3860 Sola Salon Studios 5,467 1/1/2018 12/31/2027 3, 4-Year $1.67 $9,111.67 $2,007.60 $11,119.27 $109,340.04 $24,091.20 $133,431.24 6.349 3868 Capezio 2,100 2/1/2021 1/31/2022 $1.44 $3,030.89 $818.67 $3,849.56 $36,370.68 $9,824.04 $46,194.72 2.439 Estimated Expenses 3870 Burlington Coat Factory 67,104 1/1/2020 12/31/2024 1, 4-Year $0.58 $39,144.00 $7,874.57 $47,018.57 $469,728.00 $94,494.84 $564,222.84 78 Property Tax (1.25%) $156,250 Total 80,915 $72,203.93 $12,535.08 $84,739.01 $866,447.20 $150,420.96 $1,016,868.16 100 Insurance $12,000 *Buyer to verify all information inclusive of square footage. Landscaping $26,400 Security $96,000 Management $36,000 Maintenance $12,000 Total Expenses $338,650 Per Gross SF $4.18

This information has been secured from sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accura- cy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

24 25 ADDITIONAL PHOTOS 5 OXFORD AVENUE

3838-3870 TYLER STREET | RIVERSIDE, CA

ELIZABETH CLARK LAURA MILSHTEYN SENIOR VICE PRESIDENT COMMERCIAL ASSOCIATE (310) 740-7283 (310) 400-0430 [email protected] [email protected] ELIZABETH CLARK LAURA MILSHTEYN DRE#: 01811246 DRE#: 01997655 SENIOR VICE PRESIDENT COMMERCIAL ASSOCIATE (310) 740-7283 (310) 400-0430 [email protected] [email protected] DRE#: 01811246 DRE#: 01997655