RETAIL NNN LEASED INVESTMENT FOR SALE Streets of Brentwood Shopping Center 2375 Sand Creek Road, Brentwood, CA 94513

REDUCED PRICE 2% FEE TO PROCURING BROKERS

Bryan Wirt John Hynes Joe Garrison OFFERING MEMORANDUM DRE: 00665363 DRE: 02077645 DRE: 02107849 Tel: 916.677.8151 Tel: 916.677.8184 Tel: 916.677.8146 2375 Sand Creek Road [email protected] [email protected] [email protected] 532 Gibson Drive, Suite 200, Roseville, CA 95678 Brentwood, CA 94513 TABLE OF CONTENTS 2375 Sand Creek Road, Brentwood, CA 94513

DISCLAIMER & 3 CONFIDENTIALITY LOCATION 4 DESCRIPTION 5 REGIONAL MAP EXECUTIVE 6 SUMMARY 7 RETAILER MAP 8 PROPERTY DETAILS AERIAL & 9 PARCEL MAP SALE 10 COMPARABLES 11 TENANT PROFILES 12 FINANCIALS 13 DEMOGRAPHICS DISCLAIMER & CONFIDENTIALITY 2375 Sand Creek Road, Brentwood, CA 94513

TRI Commercial Real Estate Services, Inc. (“Broker”) has been retained and authorized by the property owner (“Owner”) to exclusively prepare and distribute the enclosed information (“Investment Offering”) for the purpose of soliciting offers to purchase from interested parties. Neither the Broker nor Owner makes any representation or warranty, expressed or implied, as to the completeness or accuracy of the material contained in this Investment Offering.

Prospective buyers of the property are advised that changes may have occurred in the physical or financial condition of the property since the time this Investment Offering or the financial statements therein were made by Broker and are based upon assumptions or events beyond the control of the Broker and Owner, and therefore may be subject to variation. Prospective buyers of the property are advised and encouraged to conduct their own comprehensive review and analysis.

The Investment Offering is a solicitation of interest only and is not an offer to sell the property. The Owner and Broker expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the property and expressly reserve the right, at their sole discretion, to terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering or making an offer to purchase the property unless and until a purchase and sale agreement has been mutually executed by buyer and seller.

This Investment Offering is confidential. By accepting the Investment Offering, you agree that (a) you will hold and treat the Investment Offering and its contents in strict confidence, (b) you will not photocopy or duplicate any part of the Investment Offering, (c) you will not disclose the Investment Offering or its contents to any other entity without the prior written authorization of the Owner, and (d) you will not use the Investment Offering in any fashion or manner detrimental to the Owner or Broker.

We have obtained the information contained in the offering from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We have included 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. The Undersigned Hereby Acknowledges and Agrees to the Foregoing

Interested Party: Broker / Agent: Company: Company: By: By: Name: Name: Title: Title: Phone: Phone: E-Mail: E-Mail: Date: Date:

Please return to Bryan Wirt at TRI Commercial via fax (916) 525-8019 or [email protected] John Hynes | [email protected] Joe Garrison | [email protected]

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. LOCATION DESCRIPTION 2375 Sand Creek Road, Brentwood, CA 94513

The Northeast Corner of Highway 4 and Sand Creek Road is presently developed as an entertainment and destination retail shopping center known as The Streets of Brentwood, in the County of Contra Costa, California. This is a major intersection with high traffic counts (25,000 cars per day), surrounding commercial properties and explosive residential growth (5,000+ housing units under construction or in progress) nearby. AMC, Sprouts, Victoria Secret and BJ’s Brewhouse being the anchor Tenants, the entire Project consists of eight (8) separate parcels with a combined total of approximately 2,181,485 square feet or 50 acres of land in accordance with the parcels maps that were used for development purposes.

The subject property, 2375 Sand Creek Road, contains approximately 32,234 square feet of land with a 7,540 square foot retail building consisting of four (4) Tenants. The parcel has adequate landscape area consistent with the quality of the existing improvements. All parcels are paved in asphalt materials and are in good condition.

Located 55 miles east of San Francisco, the City of Brentwood is a charming and desirable community for residents and businesses alike. Incorporated in 1948, Brentwood is located in the far Eastern Contra Costa County region of the San Francisco Bay Area. The community has a long and storied history in agriculture and farming production. That tradition continues today even with the massive residential growth the City has experienced over the last several years.

The City’s incorporated boundary currently totals 14.8 square miles (9,502 acres), with a sphere of influence totaling 17.4 square miles (11,129 acres).

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. RETAILER MAP 2375 Sand Creek Road, Brentwood, CA 94513

FOR CALI NIA 4

SUBJECT PROPERTY

ADT - 45,900

Sand Creek Road ADT - 22,000

Bridle Gate 252 single family, 258 apartments Under Review

Loma Vista Elementary School N Student Population: Approx. 9,738 EXECUTIVE SUMMARY 2375 Sand Creek Road, Brentwood, CA 94513

INVESTMENT OVERVIEW

PROPERTY ADDRESS 2375 Sand Creek Road, Brentwood, CA 94513

TOTAL BUILDING SQ.FT. ±7,540 Sq.Ft.

TOTAL ACRES ±0.74 Acres

ZONING Retail - Regional Shopping Center (Mall)

OCCUPIED 100%

NET OPERATING INCOME: $357,903.00

CAPITALIZATION RATE: 5.9%

PURCHASE PRICE: $6,050,000.00 $802.39 Per Sq. Ft.

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. REGIONAL MAP 2375 Sand Creek Road, Brentwood, CA 94513

N Total New Housing 3,372 Units

Park Ridge 525 Single Family Units Under Construction

FOR CALI NIA Deer Valley Heidorn Village 4 High School 117 Single Family Units Student Population: Under Construction Approx. 1,986

The Ranch SUBJECT 1,307 Single Family Units Approved PROPERTY

Aviano 533 Single Family Units Under Construction Sand Creek Road

Albers Ranch 301 Single Family Units Promenade Vineyards Under Review 337 Single Family Units Under Construction Bridle Gate 252 Single Family Units 258 Multi-Family Units Under Review PROPERTY DETAILS 2375 Sand Creek Road, Brentwood, CA 94513

PROPERTY ADDRESS: 2375 Sand Creek Road, Brentwood, CA 94513

PRICE: $6,050,000

CAP RATE: 5.9%

BLDG. FOOTPRINT: ± 7,540 SF

STORIES: One (1)

TYPE: Freestanding Retail wih Drive-Thru

YEAR BUILT: 2013

TENANCY: Multi-Tenant

# OF UNITS: Four (4)

FRONTAGE: Sand Creek Rd Highway 4 PARKING: 40 Spaces / 5 per 1,000 Reciprocal Parking

PARCEL #: 019-910-002

LAND ACRES: ±0.74 AC

LAND SF: ±32,234 SF

ZONING: Retail

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. PROPERTY AERIAL & PARCEL MAP 2375 Sand Creek Road, Brentwood, CA 94513

Highway 4 On-Ramp

Sidewalk / Bike Trail

Sand Creek Road

ADT - 22,000 SALE COMPARABLES 2375 Sand Creek Road, Brentwood, CA 94513

SUBJECT COMP 1 COMP 2 COMP 3

Streets of Brentwood Menifee Lakes Menifee Lakes N Centre Comparable Property Name Shopping Center Plaza Plaza City Pky Averages

2375 29857 29881 700 Address - Sand Creek Road Antelope Road Antelope Road N Centre City Pky City Brentwood Menifee Menifee Escondido - Year Built 2013 2019 2019 2018 - Acres ± 0.74 AC ± 0.75 AC ±0.88 AC ±0.76 AC ± 0.80 AC Total Rentable SF ± 7,540 SF ±4,250 SF ± 5,000 SF ± 6,568 SF ± 5,273 SF

Sale Date - 8/1/2019 10/11/2019 1/10/2020 - Sale Price $6,050,000 $3,300,000 $4,050,000 $5,100,000 $4,150,000 Sale Price / Sq. Ft. $802.39/SF $776.47/SF $810.00/SF $776.47/SF $787.65/SF Cap Rate 5.9% 5.19% 5.27% 5.19% 5.22%

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. TENANT PROFILES 2375 Sand Creek Road, Brentwood, CA 94513

STARBUCKS Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in , Washington. As the world’s largest coffeehouse chain, Starbucks is seen to be the main representation of the United States’ second wave of coffee culture. Headquartered in the Starbucks Center, the company was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle’s Pike Place Market. As of early 2020, the company operates over 30,000 locations worldwide in more than 70 countries. Brand portfolio includes Starbucks Coffee, Seattle’s Best Coffee, , , and Coffee. NASDAQ: SBUX

VITALITY BOWLS Vitality Bowls specializes in making delicious açaí bowls, which are a thick blend of the açaí berry topped with organic granola and a selection of superfood ingredients. Roy Gilad and Tara Gilad, a pair of successful business owners, founded Vitality Bowls in 2011 in San Ramon, California. The duo started the superfood café concept together as a result of discovering their daughter’s severe food allergies and wanting to find healthy, safe food alternatives. Since franchising began in 2014, the brand has seen significant growth with more than 100 cafés open and in development. Today, Vitality Bowls is redefining the fast-casual healthy food restaurant sector every day at each of its locations across the country.

SOURDOUGH AND CO. Sourdough and Co. is a privately held quick service restaurant concept focused on fresh soup, salads and San Francisco style sourdough sandwich offerings. Headquartered in El Dorado Hills, California it currently has 40 locations across California with more planned in 2021 and beyond. It is currently one of the fastest growing chains in the state. Sourdough offers the ultimate in casual dining in an old-time styled establishment.

SLEEP NUMBER Sleep Number is a U.S.-based manufacturer that manufactures the Sleep Number and Comfortaire beds as well as foundations and bedding accessories. The company is based in Minneapolis, Minnesota. In addition to its Minnesota headquarters, Sleep Number has manufacturing and distribution facilities in South Carolina and Utah. As of 2018, the company employed 4,220 people across the United States. As of December 2011, Sleep Number holds 23 issued or pending U.S. patents and 40 issued or pending foreign patents for its products. Sleep Number products are sold through 579 company-owned stores located across the United States; direct marketing operations; and online at sleepnumber.com. The current CEO is Shelly Ibach. In September 2017, according to the Global Mattress Toppers market research report Sleep Number was one among the major key players of Mattress Toppers market. NASDAQ: SNBR

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. FINANCIALS 2375 Sand Creek Road, Brentwood, CA 94513

RENT ROLL Month Base Rent Annual Lease Tenant SF Amount Rent Type Commenced Expires Options Unit 100 ± 2,000 SF $11,963 $143,556 NNN 9/30/2013 9/30/2023 Two 5-yr Options* Starbucks Unit 102 ± 1,530 SF $8,258 $99,096 NNN 9/30/2015 9/30/2022 One 5-yr Option* Vitality Bowls Unit 106 ± 1,510 SF $6,318 $75,816 NNN 8/19/2018 8/19/2025 Two 5-yr Options* Sourdough & Co Unit 108 ± 2,500 SF $15,315 $183,780 NNN 10/31/2013 10/31/2023 One 5-yr Option* Sleep Number *Assumes 10% rental Totals ±7,540 SF $41,854 $502,248 increases every 5 years INCOME EXPENSES

Management Fee $16,515 Monthly Gross Income $41,854 Utilities $74,860 Fire/Life Safety $5,670 Annual Gross Income $502,248 Janitorial $15,000

Effective Gross Income $502,248 Repair & Maintenance $13,410 Insurance $2,500 CAM Expense Reimbursement $59,130 R.E. Taxes $75,520 Total Income $561,378 Total Expenses $203,475

Net Operating Income: $357,903.00

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. DEMOGRAPHICS (2020) 2375 Sand Creek Road, Brentwood, CA 94513

SUMMARY WITHIN 1, 3, 5 - MILE (2020)

POPULATION: MEDIAN AGE: 1 MILE - 9,727 1 MILE - 37.4 3 MILE - 95,359 3 MILE - 37.0 5 MILE - 174,503 5 MILE - 36.7

HOUSEHOLDS: AVG. HOUSEHOLD SIZE: 1 MILE - 2,958 1 MILE - 3.7 3 MILE - 28,732 3 MILE - 3.7 5 MILE - 52,488 5 MILE - 3.8

AVG. HOUSEHOLD INCOME: 1 MILE - $155,914 3 MILE - $139,146 5 MILE - $129,980

DAYTIME POPULATION (AGE 16+): 1 MILE - 4,902 3 MILE - 48,044 5 MILE - 83,761 1 MILE

OCCUPATION: (WHITE COLLAR) (BLUE COLLAR) 1 MILE - 63.3% 1 MILE - 36.7% 3 MILE - 62.9% 3 MILE - 37.1% 3 MILE 5 MILE - 59.7% 5 MILE - 40.3%

BUSINESSES: EMPLOYEES: 1 MILE - 203 1 MILE - 2,026 3 MILE - 2,615 3 MILE - 21,062 5 MILE - 4,425 5 MILE - 33,159 5 MILE The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed of implied, is made as to the accuracy of the information contained herein. 2375 SAND CREEK ROAD, BRENTWOOD, CA 94513

Bryan Wirt DRE: 00665363 Tel: 916.677.8151 [email protected]

John Hynes DRE: 02077645 Tel: 916.677.8184 [email protected]

Joe Garrison DRE: 02107849 Tel: 916.677.8146 [email protected]

532 Gibson Drive, Suite 200 Roseville, CA 95678