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Jurupa Spectrum Entertainment Center 8012-8082 Limonite Avenue Jurupa Valley, California

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Jurupa Spectrum Entertainment Center 8012-8082 Limonite Avenue Jurupa Valley, California JURUPA SPECTRUM ENTERTAINMENT CENTER 8012-8082 LIMONITE AVENUE JURUPA VALLEY, CALIFORNIA Barret Woods | Senior Vice President - Principal 909.373.2921 [email protected] DRE #: 01355354 3535 Inland Empire Blvd., Ontario, CA. 91764 Corporate ID #: 00976995 Lee & Associates® - Ontario Offering Memorandum Confidentiality Agreement 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 Lee & Associates – Ontario and should not be made available to any other person or entity without the written consent of Lee & Associates-Ontario. This Marketing Brochure has been prepared to provide summary, unver- ified 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 in- vestigation. Lee & Associates-Ontario has not made any investigation, and makes no warranty or rep- resentation, with respect to the income or expenses for the subject property, the future projected fi- nancial 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 physical condition of the improvements thereon, or the financial condi- tion or business prospects of any tenant, or any tenants plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable, however, Lee & Associates-Ontario has not verified, and will not verify, any of the information contained herein, nor has Lee & Associates-Ontario conducted any investigation regarding these matters and makes no warranty or representation whatsoever regard- ing the accuracy or completeness of the information provided. lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Lee & Associate® - Ontario Offering Memorandum TABLE I. Executive Summary The Offering OF CONTENTS II. Property Information Description Investment Highlights Site Plan Aerial Map III. Financials and Tenancy Five Year Cash Flow Projections Rent Roll Tenant Profiles *TENANT FINANCIALS AVAILABLE UPON REQUEST IV. Location Inland Empire Overview The information contained herein is obtained from sources believed to be reliable. However, we have not verified it and make no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is used for example and is submitted subject to errors, omissions, change of price or conditions, and is subject to prior sale, lease or withdrawal without notice. lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Lee & Associates® - Ontario Offering Memorandum I. Executive Summary lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Lee & Associates® - Ontario Offering Memorandum The Offering Lee & Associates Ontario is pleased to offer to qualified investors an opportunity to purchase The Jurupa Spectrum Center, Jurupa Valley’s primary entertainment destination. The property is comprised of ±124,817 square feet of gross leas- able area dominated by a mix of national name brand retailers, such as Walgreen’s, Untied States Postal Service, Starbucks, Papa Johns, AT&T, and Big 5. In addition, there is a complimentary mix of well established regional and local tenants such as Tristone Cinema Group (6 locations), Juan Pollo (27 locations) and Healthy Body Fitness Center. The property is being offered below replacement cost, at a low per square foot price of approximately $177.60 PSF. Approximately 85% of the current rent roll is backed by name brand credit, lengthly lease terms and steady rental escalations, providing a Buyer with stable appreci- ation. The center is supported by strong tenants that offer long-term upside potential through rental escalations, additional lease-up and market growth. In addition, DaVita Dialysis (NAP) just completed a brand new freestanding medical building adjacent to the United States Postal Service, attracting additional traffic to the center. If desired, an investor can spin off the out-parcels at a much lower Cap Rate/Higher Price PSF, thereby lowering their PSF basis. Situated on 15.44 acres, there is a great deal of upside in expanding the project by constructing additional buildings within the excess parking lot areas. This is a unique opportunity to purchase a well-maintained, stabilized entertainment center at below replacement cost. Comprised of a dominated mix of national and regional credit tenants, and is at a much lower price per square foot than comparables. As Jurupa Valley’s primary retail entertainment attraction, this is an investor’s opportunity to own a premier trophy asset. lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Lee & Associates® - Ontario Offering Memorandum Offering Summary 8012-8082 Limonite Avenue, ADDRESS: Jurupa Valley, CA. BUILDING SIZE: ±124,817 SF NUMBER OF BUILDINGS: Six (6) CONSTRUCTION TYPE: Block Masonry, Single Story IMPROVEMENTS: 2015-2017 Remodel PARKING SPACES: ±1,100 PROPERTY ZONING: C01 LOT SIZE: ±672,567 SF (15.44 Acres) lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Lee & Associates® - Ontario Offering Memorandum Offering Summary PRICE: $22,167,757 CURRENT CAPITALIZATION 7% RATE: NET OPERATING INCOME: $1,551,743 Subject Property Subject Property CURRENT OCCUPANCY: 100% NET RENTABLE AREA: ±124,817 All Cash or Cash to New FINANCING: Financing YEAR BUILT: 2000 / 2017 Remodel Walgreen’s Starbucks AT&T Tristone Theaters Papa John’s MAJOR TENANTS: Big 5 Wing Stop USPS Sprint Juan Pollo T-Mobile lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Lee & Associates® - Ontario Offering Memorandum lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Lee & Associates® - Ontario Offering Memorandum Local Amenities Amenities Local lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Lee & Associates® - Ontario Offering Memorandum II. Property Valuation lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Lee & Associates® - Ontario Offering Memorandum lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. ÿ", 7BMXÿÿÿ !"#ÿ$ÿ%X&B% Lee & Associates® - Ontario Valuation Property Offering Memorandum ÿ'ÿ()0ÿ'!ÿ1'!)ÿ ,! 1"23 4ÿ5ÿ 67ÿ$ 689@AÿCDEFÿGHIPGCÿEFÿQPCÿRQÿEQFSGHTÿIGPTSUCÿPGÿFHGVEUHÿPGÿRÿGHIGHFHQCRCEPQÿPWÿCDH UPQTECEPQÿPWÿCECXHÿCPÿGHRXÿIGPIHGCY`ÿECÿEFÿQPCÿRQÿRaFCGRUCbÿXHcRXÿPIEQEPQbÿPIEQEPQÿPWÿCECXHbÿCECXHÿEQFSGRQUH UPddECdHQCÿPGÿIGHXEdEQRGYÿGHIPGCbÿPGÿRQYÿWPGdÿPWÿCECXHÿEQFSGRQUHÿPGÿcSRGRQCY`ÿCDEFÿGHIPGCÿEFÿEFFSHTÿHeUXSFEVHXY WPGÿCDHÿaHQHWECÿPWÿCDHÿRIIXEURQCÿCDHGHWPGbÿRQTÿdRYÿQPCÿaHÿSFHTÿPGÿGHXEHTÿSIPQÿaYÿRQYÿPCDHGÿIHGFPQ`ÿCDEFÿGHIPGC dRYÿQPCÿaHÿGHIGPTSUHTÿEQÿRQYÿdRQQHGÿfECDPSCÿWEGFCÿRdHGEURQgFÿIGEPGÿfGECCHQÿUPQFHQC`ÿWEGFCÿRdHGEURQÿTPHFÿQPC GHIGHFHQCÿPGÿfRGGRQCÿCDRCÿCDHÿEQWPGdRCEPQÿDHGHEQÿEFÿUPdIXHCHÿPGÿWGHHÿWGPdÿHGGPGbÿRQTÿCDHÿEQWPGdRCEPQÿDHGHEQÿEF IGPVETHTÿfECDPSCÿRQYÿfRGGRQCEHFÿPWÿRQYÿhEQTbÿRFiEFbÿRQTÿfECDÿRXXÿWRSXCF`ÿRFÿRÿdRCHGERXÿIRGCÿPWÿCDHÿUPQFETHGRCEPQ cEVHQÿEQÿHeUDRQcHÿWPGÿCDHÿEFFSRQUHÿPWÿCDEFÿGHIPGCbÿGHUEIEHQCÿRcGHHFÿCDRCÿWEGFCÿRdHGEURQgFÿFPXHÿXERaEXECYÿWPGÿRQY XPFFÿPGÿTRdRcHÿURSFHTÿaYÿRQÿHGGPGÿPGÿPdEFFEPQÿTSHÿCPÿEQRUUSGRCHÿEQW PGdRCEPQÿPGÿQHcXEcHQUHÿEQÿIGHIRGEQcÿCDEF GHIPGCÿFDRXXÿaHÿXEdECHTÿCPÿCDHÿWHHÿUDRGcHTÿWPGÿCDHÿGHIPGC`ÿGHUEIEHQCÿRUUHICFÿCDEFÿGHIPGCÿfECDÿCDEFÿXEdECRCEPQÿRQT ±151,000 Inland Valley Empire/Jurupa ±672,564 SF (15.44 Acres) ±1,100 Spaces Big Starbucks, Spring, Walgreen’s, Tristone 5 Sporting Davita, Goods, States United AT&T, 14 Cinemas, T-Mobile, Service, Spring, Postal Wing and John’s Papa Juan Pollo, Stop RcGHHFÿCDRCÿWEGFCÿR Jurupa Spectrum Entertainment Center dH Avenue, 8012-8082 Limonite GEURQÿ Jurupa Valley ,CA 22 f PSXTÿQ124,817 PCÿDRVHÿEFFSHTÿCDEFÿGHIPGCÿaSCÿWPGÿCDHÿXEdECRCEPQÿPWÿXERaEXECYÿTHFUGEaHTÿRaPVH` WEGFCÿRdHGEURQÿdRhHFÿQPÿGHIGHFHQCRCEPQÿPGÿfRGGRQCYÿRFÿCPÿCDHÿXHcRXECYÿPGÿIGPIGEHCYÿPWÿGHUEIEHQCgFÿSFHÿPWÿCDH EQWPGdRCEPQÿDHGHEQ` - ÿ", 7BMXÿÿÿ !"#ÿ$ÿ%X&B% MpMXpXBM7 qrsstirsuvÿWwxyÿRxw ÿWw wÿUxxw ÿ xÿwyÿwwy`ÿRÿxwyÿxyx` MARKET/SUBMARKET: TRAFFIC COUNTS: TRAFFIC MAJOR TENANTS: MAJOR TOTAL PARKING SPACES: PARKING TOTAL TALING): TOTAL LAND SIZE (10 PARCELS TO PARCELS (10 SIZE LAND TOTAL TOTAL PROJECT SF: BUILDING TOTAL NUMBER NUMBER TENANTS: OF PROPERTY ADDRESS: SHOPPING CENTER NAME: CENTER SHOPPING Description & Project SummaryDescription & Project lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Lee & Associates® - Ontario Offering Memorandum lee-associates.com LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. Lee & Associates® - Ontario Offering Memorandum Investment Highlights Premier Area Entertainment Destination: • Theater-Anchored Destination Center, Well Maintained • 100% Occupancy • Mix of National and Regional Credit - Includes Walgreen’s, Starbucks, TriStone Cinema, USPS, Big Five and Many More • Majority of Long Term NNN with Stable Rental Increases Surrounding Retailers: • Kmart, Rite Aid, 7-Eleven, Chase Bank, Taco Bell, Del Taco, Wells Far- go Bank, Firestone Auto Care, Circle K, KFC, Subway, Stater Brothers, Express Way Accessibility: Crunch Fitness and Many More Upside Potential • Conveniently surrounding I-15, CA-60 and CA-91 Freeways Signalized Intersection Location: Rapidly Growing: • Limonite Avenue is a major high
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