SINGLE TENANT NET LEASED INVESTMENT

AUTOZONE 2615 S. CHESTNUT | FRESNO, CA

INVESTMENT SALES| LEASING | ASSET MANAGEMENT CONTENTS This Offering Memorandum Presented By:

XAVIER SANTANA BILL JOHNSON FRANK CUEVAS CEO, Broker Investments Partner Investments Associate 925.226.2455 209.546.6051 209.599.0100 1 Investment Highlights [email protected] [email protected] [email protected]

2 Area Overview ® 2019 Northgate Commercial Real Estate. We obtained the information in this offering memorandum from sources we believe to be reliable. However, we have not verified its accuracy and make guarantee, warranty or representation about it. It is submitted sub- ject 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, 3 Market View 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. 5 Tenant Profile 6 Leasing Abstract INVESTMENT HIGHLIGHTS

OFFERING PRICE: $2,800,000 • AutoZone — $10.89 Billion Market Cap. NOI: $172,440 Strong performing store location. • Performance — CAP RATE: 6.16% • Visibility — High Identity Building. APN(s): 481-140-25

• Credit — BAA credit rating. BUILDING SIZE: 6,480 SF

• Residents — Strong consumer base with surrounding residential PARCEL SIZE: 1.42 AC population and work force (±88,000 within 3 mile radius). ZONING: LIGHT INDUSTRIAL $14,190 monthly rent, with 10% escalators every • Rent — 100% 5 years. CURRENT OCCUPANCY: S CHESTNUT AVE - ±24,115 ADT TRAFFIC COUNTS: • Area Co-tenants — area co-tenants inlcude Subway, Dollar General, E JENSEN AVE - ± 1,217 ADT 7-Eleven and more (See Market View).

• Location — Hard, signalized corner.

1 AUTOZONE | 2615 S CHESTNUT AVE, FRESNO CA AREA OVERVIEW CSU FRESNO

FRESNO, CA • Fresno was founded by the Central Pacific Railroad Company in 1872. The location for the town was uninviting at best, with barren sand plains in all directions. Leland J. Stanford, a Director for the Railroad, is credited with selecting the site of the new station. On a scouting party in 1871 Stanford noticed a wheat field belonging to A.Y. Easterby, lush and green in the middle of the dry prairie. Stanford announced, “Wonderful! Here we must build the town!” Fresno became the county seat in 1874 and was incorporated in 1885. By 1890 the population was over 10,000. The first streetcars were introduced in 1892 and streetcar suburbs soon followed. The area has had an ethnic mix from the earliest years with Chinese railroad workers and Scandinavian farmers joined by Germans from Russia, Japanese and Armenians and by the early 20th century a large Hispanic population. There are now more than 70 ethnic groups in the metropolitan area

• Fresno County is ranked first in the nation for agricultural production with annual sales in excess of $3 billion. Major crops include grapes, almonds, cotton, peaches and nectarines. Notable Fresnans include Maynard Dixon (artist), Audra McDonald (actress, singer), Barbara Morgan (astronaut) and William Saroyan (author).

• State University, Fresno is a public university in Fresno, California. It is one of 23 cam- puses within the California State University system.The university’s unique facilities include an on-campus planetarium, on-campus raisin and wine grape vineyards, and a commercial winery, where student-made wines have won over 300 awards since 1997.Members of Fresno State’s nationally ranked Top 10 Equestrian Team have the option of housing their horses on campus, 1-3-5 RADIAL MAP next to indoor and outdoor arenas. Fresno State has a 50,000-square-foot Student Recreation Centerand the third-largest library (by square footage) in the California State University system. The university is classified as a doctoral university with moderate research activity in the Carne- gie Classification, as of the February 1, 2016 update.

FRESNO COUNTY

• Fresno County was formed in 1856 from parts of Mariposa, Merced and Tulare counties. Fresno is Spanish for “ash ” and it was in recognition of the abundance of the shrubby local Ash, dipetala, growing along the San Joaquin River that it received its name. Parts of Fresno County’s territory were given to Mono County in 1861 and to Madera County in 1893. The original county seat was along the San Joaquin River in Millerton, but was moved to the rapidly growing town of Fresno on the newly built Southern Pacific Railroad line after a flood destroyed much of the town.

DEMOGRAPHICS FRESNO FRESNO COUNTY 2019 Estimated Population 213,782 1,000,000 2024 Projected Population 223,809 1,040,000

2019 Households 59,466 322,821

2019 Household Income $51,794 $74,730

2 AUTOZONE | 2615 S CHESTNUT AVE, FRESNO, CA MARKET VIEW

FACING NORTH

3 AUTOZONE | 2615 S CHESTNUT AVE, FRESNO, CA MARKET VIEW

FACING WEST

4 AUTOZONE | 2615 S CHESTNUT AVE, FRESNO, CA TENANT PROFILE AUTOZONE

For more than 37 years, AutoZone has been committed to providing the best parts, prices and customer service in the automotive aftermarket industry. AutoZone has a rich culture and history of going the Extra Mile for our customers and our community.

Today, AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the U.S...

AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories with more than 6,000 stores in US, Puerto Rico, Mexico, and Brazil. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and re-manufactured hard parts, maintenance items and accessories. Since opening its first store in Forrest City, Ark. on July 4, 1979, the company has joined the New York Stock Exchange (NYSE: AZO) and earned a spot in the Fortune 500.

PUBLIC NYSE: AZO $10.89 BILLION REVENUE 5,780 LOCATIONS MEMPHIS, TN HEADQUARTERS

5 AUTOZONE | 2615 S CHESTNUT AVE, FRESNO, CA LEASING ABSTRACT

AUTOZONE

Lease Commencement: December 1, 2008

Tenant: AutoZone Development Corporation (A Corp.)

Monthly Rent: $14,370

Lease Expirations: November 31, 2023

Options: Five; (5) Years per option

Rental Increases: 10% Every Five Years

Lease Type: Net Lease

Deposit: None

Landlord Maintenance Obligations: Maintain Building Structural Elements

6 AUTOZONE | 2615 S CHESTNUT AVE, FRESNO, CA INVESTMENT ADVISORS

XAVIER SANTANA BILL JOHNSON CEO, Broker Investments Partner 925.226.2455 209.546.6051 [email protected] [email protected]

FRANK CUEVAS Investments Associate 209.599.0100 [email protected]

® 2019 Northgate Commercial Real Estate. We obtained the information above from sources we believe to be re- liable. However, we have not verified its accuracy and make guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omis- sions, 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 transaction.

INVESTMENT SALES| LEASING | ASSET MANAGEMENT