Single Tenant Net Leased Investment 20-Year Vineyard Land Lease

Arroyo Road | Livermore, CA 94550 Contents

Property Information Quinn Mulrooney Xavier Santana 3 Director | Agriculture Services CEO 209 733 9415 925 226 2455 [email protected] [email protected] 4 About Tenant Lic. # 02097075 Lic. # 01317296

Aaron Liljenquist Jon Kendall VP | Agriculture Properties Associate | Agriculture 5 Lease Abstract 209 253 7626 209 485 9989 [email protected] [email protected] Lic. # 02092084 Lic. # 02023907 6 Parcel Map

® 2020 Northgate Commercial Real Estate. We obtained the information above from sources we believe to 8 About City be reliable. However, we have not verified its accuracy and make guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include 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 9 Demographics transaction.

Arroyo Road | Livermore, 2 Property Information

Sales Price: $2,200,000

Cap Rate: 5% APN: 99-682-6

Term: 20 year Zoning: Use Code 5500 Rural Agriculture 10+ NOI: $110,000 acres

Options: Four(4) options 5-Years Water Source: Zone 7 Water Agency

Parcel Size: ±50 Acres Williamson Act: Yes

• Large consumer base with an estimated population of 92,886 people and a high average household income of $176,081 within a 5-mile radius • City offers a surplus of dining, lodging, shopping, outdoor activities, 50+ wineries, and organized tour options for visitors. • Subject property is within the path of development • Corporate guaranteed lease • 50-acre vineyard to be planted after the sale in 2020/2021 • and Sauvignon Blanc Varietals • Bay AVA wine growing region

Arroyo Road | Livermore, California 3 About Tenant

Sran Family Farms is a private family owned agriculture business that specializes in the farming of almonds, pistachios, and vineyards. In addition to farming their own corporate owned properties, Sran Family Farms has been growing their farm management business across . With the growing demand for organic products, Sran continues to be a leader in the organic products sector by employing best practices when it comes to organic farming.

Sran Family Farms has continued to diversify its business by constructing a modern almond processing plant and corporate offices in the City of Kerman, California.

As their farming business continues to grow with almonds, pistachios, and grapes, Sran has further invested in their own winery business by acquiring a fully integrated winery to suppliant their vineyard business and vineyard clients.

LEADERSHIP Sran Family Farms is the epitome of the America Dream. Mr. Navdep Singh Sran was an immigrant that worked in the agriculture industry and raised his children with the values of hard work, strong values, ethics, and respect for all. These core values are woven in Sran Family Farms and its executive leadership with Lakhy Sran, Sukhy Sran and Sav Sran.

Lakhy Sran: Managing Director of Sran Family Farms

Sukhy Sran: Managing Director of Diamond West Farming

Sav Sran: Managing Director

Agriculture Acres (owned) Acres (managed) Total Acres Almond 9,500 1,000 10,500 Pistachio 200 2,500 2,700 Vineyards 3,250 3,250 6,500

Sran Family Farms: www.sranfamilyorchards.com Diamond West Farming: www.diamondwestfarming.org

Arroyo Road | Livermore, California 4 Lease Abstract

Sran Family Farms

Lease Guarantor: Sran Family Farms Rent Schedule

Lease Commencement: Close of Escrow 2021: $110,000 Lease Expiration: 20 years following close of escrow 2026: $118,800 Four(4) options- 5 years/option Options: 2031: $128,304

Rent Commencement: Close of Escrow 2036: $138,568 Rental Increases: 8% every 5 years (base & option terms) Deposit: None

Lease Type: Absolute Net Ground Lease

Landlord Responsibilities: None

Arroyo Road | Livermore, California 5 Parcel Aerial Map

MARINA AVE.. ARROYO RD .

Arroyo Road | Livermore, California 6 City Aerial Map

SITE

Arroyo Road | Livermore, California 7 About City

Founded in 1869, Livermore is California’s oldest wine region, framed by award- winning wineries, farmlands, and ranches that mirror the valley’s western heritage. Located in Alameda County, the City of Livermore (pop. 91,411) encompasses 26.44 square miles and is the easternmost city in the Area; the gateway to the Central Valley. Protection by the coastal range provides the with a mild climate that enhances the pursuit of a more relaxed, less congested lifestyle.

The Livermore Valley American Viticultural Area (AVA) played a pivotal role in shaping California's wine industry. Robert Livermore planted the first commercial vines in the 1840s. After California joined the union as the 31st state in 1850, pioneer winemakers C. H. Wente, James Concannon, and Charles Wetmore recognized the area's winegrowing potential and bought land, planted grapes then founded their wineries in the 1880s. Wetmore was able to obtain Semillon, Sauvignon Blanc, and Muscat de Bordelais cuttings from one of the most prestigious vineyards in France, Chateau Yquem. These superior clones helped revitalize the industry.

Rich with history, Livermore still brings in tourists and wine connoisseurs alike to explore its 50 plus wineries. Visitors can experience the city through private tours, riding the Livermore Wine Trolly, and even electric bike tours.

Arroyo Road | Livermore, California 8 Demographics

Population 1 mi 3 mi 5 mi Income 1 mi 3 mi 5 mi

2020 Estimated Population: 2,884 48,288 92,886 2020 Estimated Average Household Income: $267,040 $178,202 $176,081

2025 Projected Population: 2,931 48,770 93,842 2020 Estimated Median Household Income: $211,873 $142,643 $138,876

2010 Census Population: 1,442 37,611 73,690 2020 Estimated Per Capita Income: $86,370 $63,744 $63,193

2025 Projected Growth: 0.3% 0.2% 0.2%

Households 1 mi 3 mi 5 mi Race & Ethnicity 1 mi 3 mi 5 mi

2020 Estimated Households: 932 17,248 33,301 2020 Estimated White: 73.4% 67.7% 67%

2025 Projected Households: 969 17,812 34,422 2020 Estimated Black/African American: 3% 3.3% 3.3%

2010 Census Households: 883 15,733 29,483 2020 Estimated Asian/Pacific Islander: 15.9% 14.5% 15.5%

Projected Growth: 0.8% 0.7% 0.7% 2020 Estimated American Indian/Native Alaskan: 0.3% 0.5% 0.5%

2020 Estimated Other Races: 2.7% 8.7% 8.1%

2020 Estimated Two or More Races: 4.7% 5.3% 5.6% Businesses 1 mi 3 mi 5 mi

2020 Estimated Total Businesses: 33 1,813 3,983

2020 Estimated Total Employees: 258 16,980 51,955

Arroyo Road | Livermore, California 9 Quinn Mulrooney Xavier Santana ® 2020 Northgate Commercial Real Estate. We obtained the information above from sources we Director | Agriculture Services CEO believe to be reliable. However, we have not verified its accuracy and make guarantee, warranty or 209 733 9415 925 226 2455 representation about it. It is submitted subject to the possibility of errors, omissions, change of price, [email protected] [email protected] rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include Lic. # 02097075 Lic. # 01317296 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. Aaron Liljenquist Jon Kendall VP | Agriculture Properties Associate | Agriculture 209 253 7626 209 485 9989 [email protected] [email protected] Lic. # 02092084 Lic. # 02023907