A New Construction Signalized Corner 100% Occupied Nnn Shopping Center with a Stable Mix of National and Local Tenants Investment Advisors

A NEW CONSTRUCTION SIGNALIZED CORNER 100% OCCUPIED NNN SHOPPING CENTER WITH A STABLE MIX OF NATIONAL AND LOCAL TENANTS INVESTMENT ADVISORS

BRANDON MICHAELS Senior Managing Director of Investments Senior Director, National Retail Group Tel: (818) 212-2794 Fax: (818) 212-2710 [email protected] License: CA #01434685 www.BrandonMichaelsGroup.com

JOSEPH KHOSHSIMA The Real Estate Agency Commercial & Industrial Vice President Tel: (213) 675-9775 [email protected] License: CA #01739843

BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

16830 Ventura Blvd. Suite 100, Encino, CA 91436 www.marcusmillichap.com 1 PROPERTY OVERVIEW

2 FINANCIAL ANALYSIS

3 COMPARABLE ANALYSIS

4 AREA OVERVIEW LOS ANGLELES

South Gate Park 93 Acre Park Within FOOD MART Walking Distance to the Property

PINEHURST AVENUE TWEEDY BOULEVARD COMING SOON New/Approved Mixed-use Development

ATLANTIC AVENUE

4 5 A NEW CONSTRUCTION SIGNALIZED CORNER 100% OCCUPIED NNN SHOPPING CENTER WITH A STABLE MIX OF NATIONAL AND LOCAL TENANTS

Marcus & Millichap has been selected to exclusively market for sale Tweedy Atlantic Plaza, a 20,248 square foot shopping center built in 2014 and home to a stable and seasoned mix of national and local retailers that ideally serve the dense immediate population. Tweedy Atlantic Plaza is ideally located on the Southeast signalized corner of Atlantic Avenue and Tweedy Boulevard, directly across from a significant development site and within close proximity to the Interstate 710 Long Beach Freeway. The center sits on 1.01 acres of land (43,996 square feet), and is surrounded by dense single family residential dwellings, multi-family units, schools, and parks.

Tweedy Atlantic Plaza is one hundred percent occupied, with a majority of the current tenant base successfully operating from this center since its inception. The tenants benefit from ideal unit sizes, excellent visibility from both Atlantic Avenue and Tweedy Boulevard, and exceptional ingress and egress from both Atlantic Avenue and Tweedy Boulevard. All tenants are on NNN leases, creating a stable and secure income stream with minimal landlord responsibilities. The interior and exterior of the center was completely renovated in 2014, with millions being invested into the site. In addition, a number of tenants invested significant capital into their individual units. Smile Brands, the largest tenant, invested approximate $1.6 million into significant tenant improvements inside their unit. Established tenant Winchell’s Donuts invested approximate $500,000, and Baskin Robbins invested over $250,000. This well stabilized center benefits from significant upgrades and improvements and creates a business friendly environment with excellent cross-over shopping options. All tenants are NNN leases with separate electrical meters. There are approximate 950,000 people within a five mile radius of the center, and an average household income of approximate $55,000.

Directly across the street on the Southwest signalized corner of Atlantic Avenue and Tweedy Boulevard sits 3.84 acres of land fully entitled for 91 residential units of approximately 73,888 square feet, and approximately 39,482 square feet of commercial space. In addition, the site is across the street to South Gate Park, a 93 acre park that commands approximate 5,000 people per day.

6 LONG BEACH FREEWAY

LOS ANGELES RIVER

TWEEDY BOULEVARD

ATLANTIC AVENUE

7 INVESTMENT HIGHLIGHTS

STABLE AND SECURE 100% OCCUPIED SHOPPING CENTER ◆ Home to a strong mix of national and local tenants that ideally serve the dense immediate population ◆ Complete interior and exterior renovation in 2014 – Over $2.5 million invested ◆ NNN leases with annual rental increase ◆ 1.01 acres of land ◆ Excellent visibility, ingress and egress EXCELLENT TENANT BASE ◆ A majority of the current tenant base has successfully operated at this location for over 5 years ◆ A number of tenants have invested significant capital into their units, further stabilizing the asset and creating high end units and a positive business environment ◆ Ideal mix of national and local tenants create excellent cross-over shopping options and drive traffic at the center

EXCELLENT SOUTH GATE LOCATION ◆ SE signalized corner of Atlantic Avenue and Tweedy Boulevard ◆ Strong daily traffic counts north of 25,000 vehicles per day ◆ Excellent access to the Interstate 710 Long Beach Fwy and 105 Fwy ◆ Directly located across from a proposed 91 unit residential development site ◆ Within close proximity to downtown Los Angeles, all major freeways, and Los Angeles International Airport ◆ Legacy High School, a 40 acre school campus with approximately 11,500 students, is just located north of the center DENSE LOS ANGELES COUNTY SUB-MARKET ◆ Over 950,000 people within a five mile radius ATLANTIC AVENUE ◆ Directly across from a 93 acre park that commands 5,000 visitors per day ◆ Significant growth projections and new developments in the immediate and surrounding areas 8 TWEEDY BOULEVARD

ATLANTIC AVENUE

9 PROPERTY OVERVIEW

FINANCIAL INFORMATION

PRICE $7,495,000

PRICE/SF $370

PRICE/SF (LAND) $172

CURRENT CAP RATE 6.43% PROPERTY INFORMATION CURRENT NOI $482,192 Tweedy Atlantic Plaza 9918 - 9934 Atlantic Avenue ADDRESS LEASE TYPE NNN & 5120 Tweedy Boulevard South Gate, CA 90280 BUILDING SF 20,248 SUMMARY OF TERMS D R LAND SF 43,556 A V Interest Offered: E L CURRENT OCCUPANCY 100% 100% fee simple interest in 9918 - 9934 Atlantic Avenue & U O 5120 Tweedy Boulevard, a 20,248 SF of retail strip center in B ZONING SGM2* DY South Gate, CA 90280 EE TW

APN NUMBER 6221-011-038 Terms of the Sale: YEAR BUILT/RENOVATED 1948/2015 Property is being offered on a free and clear basis. Over $2.5 Million 2015 RENOVATIONS Invested Into Center Property Tours: Prospective purchases are encouraged to visit the site and PROPERTY TYPE Retail review all due diligence materials prior to submitting offers. Access to an outline due diligence is available portal. All TYPE OF OWNERSHIP Fee Simple property tours must be coordinated through the listing team.

10 D R A V E L U O B DY EE TW

ATLANTIC AVENUE 11 WRIGHT ROAD

TWEEDY BOULEVARD

12 PROPERTY DETAILS WRIGHT ROAD

ADDRESS 9918 - 9934 Atlantic Avenue & 5120 Tweedy Boulevard South Gate, CA 90280 SITE The Tweedy Atlantic Plaza is located on the Northwest signalized 26,630 Traffic Volume Counts of 26,630 corner of Atlantic Avenue and Tweedy Boulevard. on Atlantic Ave and Tweedy Blvd SQUARE FOOTAGES The total building square footage is approximately 20,248 square feet. The total land square footage is approximately 43,556 square feet. CROSS STREETS The cross streets are Atlantic Avenue (North/South) and Tweedy ATLANTIC AVENUE Boulevard (East/West). 44 44 Surface Spaces TRAFFIC COUNTS Ratio of 2.17/1,000 SF The traffic counts at the signalized corner of Atlantic Avenue and Tweedy Boulevard are 26,630 vehicles per day. PARKING The property offers 44 total parking spaces, a parking ratio of 2.17 per 1,000 SF. ZONING The zoning is SGM2*. 100% 100% Occupied NNN APN NUMBER Leases The APN number is 6221-011-038.

13 RENT ROLL

SF DELIVERY OF CURRENT LEASE MONTHLY ANNUAL MONTHLY UNIT TENANT SF % TERM RENT/SF CAM/SF ANNUAL CAM GROUND 2ND POSSESION TERM RENT RENT CAM OPTIONS RENT INCREASE FLOOR FLOOR

9918 Bright Now Dental 5,318 26% 10 Years 9/5/2014 6/1/15 - 5/31/25 $14,966.57 $2.81 $179,598.84 $1,861.30 $0.35 $22,335.60 2 5-Years Annual Base Rent increase of 2% over previous year on Anniversary of Lease Date

9922 Winchell's Donuts 1,650 8% 10 Years 10/23/2014 3/1/15 - 2/28/25 $4,779.51 $2.90 $57,354.12 $577.50 $0.35 $6,930.00 2 5-Years Annual Base Rent increase of 2.25% over previous year on Anniversary of Lease Date

9934 Tessie Cleveland 1,160 6% 3 Years 6/26/2015 8/1/15 - 7/31/21 $2,510.11 $2.16 $30,121.32 $406.00 $0.35 $4,872.00 Annual Base Rent increase of 3.00% over previous year on the Anniversary of Lease Date

"Mthly for 1 to 14 = $2,610.00+NNN Mthly for 15 to 26 = $2,691.20+NNN Mthly for 27 to 38 = $2,772.40+NNN

Option 1 - Yr 1 - Mthly = $2,885.57+NNN 9932 Cricket Wireless 1,160 6% 3 Years 8/24/2018 8/23/18 - 8/22/21 $2,610.00 $2.25 $31,320.00 $406.00 $0.35 $4,872.00 2 3-Years Option 1 - Yr 2 - Mthly = $2,941.24+NNN Option 1 - Yr 3 - Mthly = $3,029.48+NNN Option 2 - Yr 1 - Mthly = $3,120.36+NNN Option 2 - Yr 2 - Mthly = $3,213.97+NNN Option 2 - Yr 3 - Mthly = $3,310.39+NNN Option Period: One - Monthly rent of $3,004.04 9930 Baskin & Robbins 1,160 6% 5 Years 6/17/2015 9/15/15 - 9/14/20 $2,726.00 $2.35 $32,712.00 $406.00 $0.35 $4,872.00 3 5-Years Two - Monthly rent of $3,294.40 Three - Monthly rent of $3,619.20 9928 FasTrak Insurance 1,160 6% 3 Years 10/14/2016 10/15/16 - 10/14/19 $2,466.00 $2.13 $29,592.00 $406.00 $0.35 $4,872.00 1 3-Years Annual Base Rent increase of 3.00% over previous year on the Anniversary of Lease Date Yr 1 - Mthly for 1 to 6 = $1,887.50+NNN Yr 1 - Mthly for 7 to 12 = $2,887.50+NNN Yr 2 - Mthly = $2,887.50+NNN 9924/ Shear Beauty Salon & 1,750 9% 3 Years 5/1/2018 6/1/18 - 5/31/21 $2,887.50 $1.65 $34,650.00 $612.50 $0.35 $7,350.00 1 3-Years Yr 3 - Mthly = $2,974.00+NNN 9926 Barber Option 1 - Yr 1 - Mthly = $3,063.34+NNN Option 1 - Yr 2 - Mthly = $3,155.24+NNN Option 1 - Yr 3 - Mthly = $3,249.90+NNn Annual Base Rent increase of 3.00% over previous year on the 4th Year Anniversary of Lease 5120-A Javidani Clothing 450 1,400 9% 5 Years 4/1/2015 4/1/15 - 3/31/20 $2,312.00 $1.25 $27,744.00 $647.50 $0.35 $7,770.00 2 3-Years Date Year 3 = $ 5,122/Mth + NNN 5 Years and 5120-B Jumper's Jungle 5,040 25% 4/1/2013 9/22/17 - 12/21/22 $4,925.00 $0.98 $59,100.00 $1,764.00 $0.35 $21,168.00 1 5-Years Year 4 = $ 5,327/Mth + NNN 3 Months Year 5 = $ 5,540/Mth + NNN Total 20,248 100% $40,182.69 $18.48 $482,192.28 $7,086.80 $0.35 $85,041.60

14 SF DELIVERY OF CURRENT LEASE MONTHLY ANNUAL MONTHLY UNIT TENANT SF % TERM RENT/SF CAM/SF ANNUAL CAM GROUND 2ND POSSESION TERM RENT RENT CAM OPTIONS RENT INCREASE FLOOR FLOOR

"Mthly for 1 to 14 = $2,610.00+NNN Mthly for 15 to 26 = $2,691.20+NNN Mthly for 27 to 38 = $2,772.40+NNN

15 FINANCIAL ANALYSIS

ANNUALIZED OPERATING DATA PRICING

CURRENT Scheduled Lease Income: $482,192 9918 - 9934 Atlantic Avenue & Address 5120 Tweedy Boulevard NNN Charges $113,928 South Gate, CA 90280

Effective Gross Income: $596,120 Price $7,495,000

Expenses: $113,928 CAP Rate 6.43% Net Operating Income: $482,192 Price/SF $370

OPERATING EXPENSES Price/SF (Land) $172

PER YEAR PER SF Building SF 20,248 SF Taxes @1.25% $93,688 $4.63 Land SF 43,556 SF Insurance $2,172 $0.11

Water $3,290 $0.16

Landscaping/Sweeping $4,420 $0.22

Power $4,072 $0.20

Trash $6,287 $0.31

Total $113,928 $5.63/$0.47

SALES COMPARABLES

PRICE/SF ADDRESS SALES PRICE CAP RATE BLDG SF PRICE/SF LAND SF ZONING (LAND)

8236-8244 Firestone Blvd 1 $16,500,000 5.51% 25,304 $652.07 59,063 $279.36 DOM2 Downey, CA 90241

4420-4444 Slauson Ave 2 $9,800,000 5.44% 23,590 $415.43 72,310 $135.53 LAC3 Maywood, CA 90270

South Gate Town Center 3 5831 Firestone Blvd $10,000,000 5.61% 24,000 $416.67 78,844 $126.83 M3 South Gate, CA 90280

Harbor Freight 4 10690 Long Beach Blvd $5,926,000 5.71% 18,525 $319.89 45,603 $129.95 LYC2 Lynwood, CA 90262

AVERAGE $10,556,500 5.57% 22,855 $451.02 63,955 $167.92 -

18 SALES COMPARABLES

PRICE/SF

SUBJECT PROPERTY $405

SUBJECT CAP RATE PROPERTY 5.88%

19 SALES COMPARABLES

1 2

8236-8244 FIRESTONE BLVD 4420-4444 SLAUSON AVE ADDRESS ADDRESS DOWNEY, CA 90241 MAYWOOD, CA 90270

Sales Price $16,500,000 Sales Price $9,800,000

Price/SF $652.07 Price/SF $415.43

Bldg SF 25,304 Bldg SF 23,590

Lot Size 59,063 Lot Size 72,310

CAP Rate 5.51% CAP Rate 5.44%

3 4

5831 FIRESTONE BLVD 10690 LONG BEACH BLVD ADDRESS ADDRESS SOUTH GATE, CA 90280 LYNWOOD, CA 90262

Sales Price $10,000,000 Sales Price $5,926,000

Price/SF $416.67 Price/SF $319.89

Bldg SF 24,000 Bldg SF 18,525

Lot Size 78,844 Lot Size 45,603

CAP Rate 5.61% CAP Rate 5.71% 20 SALES COMPARABLES

3 4 1

21 RENT COMPARABLES

ADDRESS RENT/SF/MONTH RENT/SF/YEAR SPACE AVAILABLE LEASE TYPE

5831 Firestone Blvd 1 $2.75 $33.00 2,080 NNN South Gate, CA 90280

9715 Long Beach Blvd 2 $2.00 $24.00 1,000 NNN South Gate, CA 90280

2600 Firestone Blvd 3 $2.20 $26.40 2,200 NNN South Gate, CA 90280

AVERAGE $2.32 $27.80 1,760 -

SUBJECT PROPERTY $1.98

22 RENT COMPARABLES

3 1 2

23 SOUTH GATE, CA

There are a number of exciting things to do near South Gate. From historical sites to cultural attractions, explore the exhaustive list of all other local attractions in South Gate.

LOCATION South Gate is the 17th largest city in Los Angeles County, California.. South Gate is located 7 miles southeast of Downtown Los Angeles, and 21 miles southwest of Pasadena. It is part of the Gateway Cities region of southeastern Los Angeles County.

ECONOMY South Gate was the location of a General Motors automobile manufacturing facility called South Gate Assembly which was built in 1936. During the 1950s, it was GM's highest producing facility. The plant was closed in 1982 and is now the location of South East High School as of 2005.

The total number of jobs in South Gate as of 2014 was 24,218. Manufacturing, transportation and warehousing and retail trade jobs represent the majority of employment opportunities in South Gate.

DINING The sheer number of eating establishments in South Gate and the surrounding area is astounding. From Argentinean steakhouses to classic cafes, South Gate has an assortment of family-friendly dining locations to more upscale eateries.

SHOPPING In South Gate, you'll find shopping surprises around every corner.

• Azalea Regional Shopping Center • Cudahy Mall • El Paseo South Gate Shopping • Long Beach Plaza & Mini Mall Center • Plaza Mexico

24 NEARBY ATTRACTIONS

WATTS TOWERS ARTS CENTER The Watts Towers Arts Center is a collection of 17 interconnected sculptural towers, architectural structures, and individual sculptural features and mosaics within the site of the artist's original residential property in Watts, Los Angeles. The Watts Towers were designated a National Historic Landmark and a California Historical Landmark in 1990.

HOLLYDALE REGIONAL PARK 56-acre facility located in the heart of South Gate. This centerpiece of a park features wide lawns, athletic fields, basketball & tennis courts & play areas.

CALIFORNIA SCIENCE CENTER The California Science Center is a dynamic destination where families, adults and children can explore the wonders of science through interactive exhibits, live demonstrations, innovative programs and awe-inspiring films.

NATURAL HISTORY MUSEUM OF LOS ANGELES COUNTY The Natural History Museum of Los Angeles County is the largest natural and historical museum in the western United States.[3] Its collections include nearly 35 million specimens and artifacts and cover 4.5 billion years of history.

The museum hosts regular special exhibitions which augment its collections and advance its mission. Recent special exhibits have included Mummies and Pterosaurs. The museum also hosts a butterfly pavilion outside every spring and summer and a spider pavilion on the same site in the fall.

25 DEMOGRAPHICS

99,578 Total Population of South Gate. The median age is 29.4 49% 51% EDUCATION MALE FEMALE

25.1% 20.8% 4.1% 1% High School Associates Degree Bachelor’s Degree Graduate Degree

MIDDLE AMERICAN NEIGHBORHOOD South Gate, California is a middle-class neighborhood located in Los Angeles County. The population demographics show a large number of households with a median income slightly north of $40,000 annually.

Over two-thirds of the housing units in South Gate are single family detached, with the majority remaining being comrpomised of multi-family units. Home values in South Gate continue to steadily increase, with 2019s value being 7.7% higher compared to the previous year.

26 $69,405 7.89% $47,191 Average HH income within 3-m radius Population Growth from 2010-2018 Median HH Income within 3-m radius

97,548 129,965 22,365 Renter Occupied Households Owner Occupied Households within 5-m radius Businesses within a 5-m radius within 5-m radius

27 BRANDON MICHAELS JOSEPH KHOSHSIMA Senior Managing Director of Investments The Real Estate Agency Senior Director, National Retail Group Commercial & Industrial Vice President Tel: (818) 212-2794 Tel: (213) 675-9775 [email protected] [email protected] License: CA #01434685 License: CA #01739843 www.BrandonMichaelsGroup.com