Madison Plaza Stater Bros

Madison Plaza Stater Bros. Shadow Anchored OFFERING MEMORANDUM 81106 CA -HWY 111, INDIO (PALM SPRINGS), CA Exclusively Listed By

Ron Duong Senior Vice President Investments Senior Director, National Retail Group (949) 419-3233 direct [email protected] License: CA 01438643

Bryn Valaika Associate National Retail Group (949) 419-3216 direct [email protected] License: CA 02020507

Confidentiality Agreement The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be made available to any other person or entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Marcus & Millichap. This offering memorandum has been prepared to provide summary, unverified financial and physical 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 investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 2 Executive Summary

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 3 Executive Summary

Prime Retail Location Shadow Anchored by Stater Bros. Indio is a Major Travelers Destination with Many Major Events & Attractions Subject Property is Shadow Anchored by a Successful Stater Bros. Which has Been Bringing Constant Foot Traffic to the Center for Over 25 Years Indio Hosts Major Events & Festivals that Bring in Millions of Visitors a Year Including: The Subject Property is 93% Occupied and has a Stable Mix of National & Local Retailers Including Papa John’s (5,000+ locations), Hertz Coachella – One of the Largest Music Festivals in the World (9,700+ Locations), Altura Credit Union (13 Locations), Metro PCS, as well Which Attracts over 500,000+ Visitors Per Year to the Empire Polo as a Mix of Popular & Seasoned Tenants Club Located Within 3 Miles from the Subject Property

50% of the Centers Tenants have Occupied Space for 10+ Years and Many Stagecoach - One of the Largest Country Music Festivals in the have Multiple Locations United States Which Attracts 200,000+ Visitors Per Year Signalized Corner Location on Highway 111 and Madison Street Where PGA West Tour Which is Part of the Tournament Players Club Combined Traffic Counts Exceed 40,882+ Cars Per Day Network of Courses Operated by the PGA Tour Which has Hosted the Tour’s CareerBuilder Challenge in 1987 and Again in 2016 Excellent Location in a Rapidly Growing City Indio & the Surrounding Area Have More Golf Courses Per Square Mile Coachella Valley is One of the Fastest Growing Areas in the County and is than Any Other Region in California the 2nd Largest Sub-Region in the Inland Empire Interstate 10 (75,000 Cars Per Day) Flows Directly Through Indio Exposing The Area Immediately Surrounding the Subject Property has Grown By the City to Thousands of Travelers a Day and is the Main Route for 120 Percent Since 2000 Southern California Travelers To/From Arizona Population Counts in Indio are on Track to Exceed 100,000 by 2020 Indio is on the Main Route to Several Tourist Destinations Including Palm Springs, Mount San Jacinto, and Joshua Tree National Park

Strong Retail Fundamentals

Dense Infil Area - Population Counts Exceed 171,200 Within a Five-Mile Radius with Over 2,000 Homes Scheduled to be Built Within Next 2 Years

Excellent Ingress/Egress – The Subject Property has 6 Points of Entry Three of Which are on Highway 111

Average Household Income within Five Miles is $76,835 Which Exceeds the National Average

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 4 Tenant Overview

Papa John’s Pizza is an American restaurant franchise company. It runs the third largest take-out and pizza delivery restaurant chain in the United States. Papa John’s has grown to more than 5,000 restaurants today. The company continues to grow by focusing on quality and taking care of their employees. Papa John’s was awarded Business of the Year by Busi- ness First in 2013, is the brand most associated with the NFL, and is recognized among the Best Franchise opportunities in 2013 by QSR Magazine.

# of Locations 5,000+ Type Public Traded As PZZA Revenue $1.44 Billion Franchisee Operates Multiple Locations

The Hertz Corporation, a subsidiary of Hertz Global Holdings Inc., is an American car rental company based in Estero, Florida that operates 9,700 international corporate and franchisee locations. As the second-largest US car rental company by sales, locations, and fleet size, Hertz operates in 150 countries, including North America, Europe, Latin America, Africa, Asia, Australia, The Caribbean, the Middle East, and New Zealand. The Hertz Corporation owns Dollar and Thrifty Automotive Group - which separated into Thrifty Car Rental and Dollar Rent A Car. Hertz Global Holdings, the parent company of The Hertz Corporation, was ranked 264th in Forbes’ 2014 Fortune 500 list, and 296th in 2016. As of 2016, the company has revenues of $9.4 billion USD, assets of $1.9 billion USD, and 36,000 employees

# of Locations 9,700+ Type Public Traded As HTZ Revenue $9.4 Billion

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 5 Tenant Overview

MetroPCS was established in 1994 founded by Roger Linquiest and Malcolm Lorang. Metro PCS is one of the leading providers of unlimited 4G LTE wireless service with no annual contract. Metro PCS makes wireless simple by offering unlimited data, talk and text with all applicable taxes and fees included – so there are no sur- prises. In October 2012, MetroPCS Communications reached an agreement to merge with T-Mobile USA, Inc., a deal that would “help the competing provider become more competitive with the other National Carriers”. On May 1, 2013, the combined company, now known as T-Mobile US, Inc., began trading on the New York Stock Exchange as TMU.

Type Subsidiary Founded 1994 Headquarters Richardson, TX Owner T-Mobile US, Inc.

Altura Credit Union is the largest credit union head- quartered in Riverside County, California, United States, licensed by the California Department of Financial Insti- tutions and insured by the National Credit Union Share Insurance Fund (NCUSIF). Altura Credit Union offers a wide range of financial products and services including: checking and savings ac- counts, online banking and web bill pay, mobile banking, Apple Pay, PopMoney, new and used vehicle loans, home mortgages, online and mobile loan applica- tions, and more. The credit union is also part of a network that allows members to conduct financial transactions at 5,200 shared branches (CU Service Centers) and fee-free access to more than 30,000 ATMs (CO-OP Financial Services).

Type Credit Union Founded 1957 Headquarters Riverside, CA Website alturacu.com

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 6 Financial Analysis

Offering Summary Expenses Property Address 81022, 81106, 81096 CA-Hwy 111 Real Estate Taxes (1.2100% +$10,956) $135,223 Indio (Palm Springs), CA 92201 Insurance $17,767 Assessor’s Parcel Number 616-080-002/004/037 Building Maintenance $19,607 Current Occupancy 93% Trash $23,443 Year Built 1990 Utilities $3,363 Gross Leasable Area (GLA) ±30,619 Square Feet Water $13,581 Lot Size ±3.21 Acres (±139,827 Square Feet) Fire Monitoring $4,056 Non-Exclusive Parking Spaces 377 Pest Control $1,685

Security Expenses $18,454 Pricing Lighting Service $1,880 Price $10,270,000 CAM - Stater Bros $43,783

Cap Rate 6.40% Management 4% / $23,811

Price Per Square Foot $335.41 TOTAL EXPENSES $306,652 Expenses/SF $10.02

Annualized Operating Data Gross Potential Rent $728,012

Vacant Space at Market Rents $47,691 Total Scheduled Base Rent $680,321 $ net operating Expense Reimbursements $283,908 657,577 income Gross Potential Income $964,229

Vacancy/Collection Allowance $0

Gross Potential Income $964,229

Total Expenses $306,652

NET OPERATING INCOME $657,577

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 7 Financial Analysis Rent Roll

As of February 2018 for 30,619 Square Feet SQUARE PERCENT MONTHLY RENT LEASE OPTIONS/ SUITE TENANT NAME TENANCY EXPIRES INCREASES FEET OF GLA RENT PER SF TYPE COMMENTS

81022 Suite A Papa John's Pizza 1,520 4.96% 8+ Years 12/31/2019 $4,757.50 $3.13 4% Annual NNN None

81022 Suite B-D China Star Restaurant 2,700 8.82% 5+ Years 06/04/2022 $3,613.46 $1.34 4% Annual NNN Two, Five-Year @ FMV

81022 Suite E Hertz Rental Car 1,255 4.10% 17+ Years 08/31/2020 $2,840.23 $2.26 3% Annual NNN None

81022 Suite F Vacant 1,100 3.59% N/A N/A N/A N/A N/A N/A N/A

81022 Suite G Metro PCS 1,100 3.59% 1+ Years 10/16/2019 $1,982.75 $1.80 CPI, Annual, (Min 3%) NNN One, Three-Year at 3%

One, Five-Year at FMV, 81096 Suite A Madison Dry Cleaners 2,400 7.84% 26+ Years 07/31/2021 $4,622.64 $1.93 CPI, Annual (Min 3%) NNN (Min 3%)

81096 Suite B-D Altura Credit Union 3,460 11.30% 26+ Years 11/16/2025 $7,919.52 $2.29 CPI, Annual , (2%-6%) NNN None

81096 Suite E-F Los Molcajetes 1,789 5.84% 20+ Years 07/21/2020 $3,511.21 $1.96 CPI, Annual , (Min 3%) NNN One, Three-Year at FMV

81096 Suite G Diamond Nails 1,201 3.92% 20+ Years 06/30/2025 $2,650.21 $2.21 CPI, Annual, (Min 3%) NNN None

Desert Resort Security 81096 Suite H 910 2.97% 2+ Years MTM $1,683.50 $1.85 None NNN None Services

Shear Elegance Hair 81096 Suite I 900 2.94% 19+ Years 9//30/2019 $1,822.28 $2.02 Annual 4% NNN None Salon

81096 Suite J Desert Tax Service 900 2.94% 14+ Years 10/31/2019 $1,632.74 $1.81 CPI, Annual NNN None

81096 Suite K Bill Brian Insurance 1,220 3.98% 7+ Years 05/31/2019 $2,814.90 $2.31 CPI, Annual (3%-5%) NNN None

81106 Suite 4A Club Happy Faces 840 2.74% 4+ Years 04/16/2020 $1,251.60 $1.49 Annual 3% NNN None

81106 Suite B Vacant 1,171 3.82% N/A N/A N/A N/A N/A N/A N/A

One, Five-Year at FMV, 81106 Suite C Monroe Dental Group 1,509 4.93% 3+ Years 10/03/2024 $2,402.05 $1.59 Annual 2% NNN (Min 2%)

Sparklean Less than 1 Two, Five-Year, 81106 Suite D-G 3,360 10.97% 10/31/2024 $5,507.35 $1.64 Annual 3% NNN Laundry Indio Year 1st at 3%, 2nd at FMV

81106 Suite H New Tenant 1,265 4.13% N/A N/A $2,214.00 $1.75 N/A NNN N/A

81106 Suite 4J Maxy's Grill 2,019 6.59% 24+ Years 07/15/2025 $5,467.48 $2.71 CPI, Annual (3%-10%) NNN One, Five-Year at FMV

# of Tenants: Total Available: 2,271 SF 7% Monthly: $58,693.42 Average: Nineteen Total Occupied 28,348 SF 93% Annual: $680,321.04 $2.00/ SF

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 8 Property Description Aerial Photo - South

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 9 N Property Description Aerial Photo - West

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 10 N Property Plantation Golf Description Course Aerial Photo South - East

Indian Palms Country Club & Resort US Social Empire Polo Club Security Offices Coachella & Stage Coach Burger King RV Resort 1M+ Visitors

John F Kennedy Memorial Hospital

McDonald’s Indio Subject High School Property

Walgreens Indio Elk Lodge Community Park Club

US Highway 111 Riverdale Estates & RV Resort 30,000+ VPD James Madison John F Kennedy Elementary School Elementary School

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 11 Property Description Site Map

BUILDING 81022

SUITE TENANT SF

81022 Suite A Papa John's Pizza 1,520

81022 Suite B-D China Star Restaurant 2,700 80122 80196 81022 Suite E Hertz Rental Car 1,255 A B-D E F G A B-C E-F G H I J K 81022 Suite F Vacant 1,100 4A B 81022 Suite G Metro PCS 1,100 C BUILDING 81096

81096 Suite A Madison Dry Cleaners 2,400 D-G 81106 81096 Suite B-D Altura Credit Union 3,460

H 81096 Suite E-F Los Molcajetes 1,789

4J 81096 Suite G Diamond Nails 1,201 81096 Suite H Desert Resort Security Services 910

81096 Suite I Shear Elegance Hair Salon 900

81096 Suite J Desert Tax Service 900

81096 Suite K Bill Brian Insurance 1,220

Madison Street BUILDING 81106

81106 Suite 4A Club Happy Faces 840

81106 Suite B Vacant 1,171

81106 Suite C Monroe Dental Group 1,509

81106 Suite D-G Sparklean Laundry Indio 3,360

81106 Suite H New Tenant 1,265 Highway 111 81106 Suite 4J Maxy's Grill 2,019 TOTAL SF 30,619

Parking Ratio on Subject Property: 4.70: 1,000 SF *Site Plan is for representation purposes only and is not to scale.

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 12 Property Description Regional Map

Subject Property

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 13 Property Description Property Photos

Artesia International Street Fair

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 14 Property Description Property Aerial Photos

Artesia International Street Fair

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 15 Market Overview

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 16 Market Overview Location Overview

Nearby Attractions

Agua Caliente Casino Resort Aqua Caliente Casino Resort is a luxurious, four-diamond destination in Rancho Mirage, California. The beautiful 16-story resort includes a wildly popular casino, and has pools and well appointed cabanas, an exceptional spa, and a state-of-the-art concert theatre. The gambling facility, run by Agua Caliente Resort the Agua Caliente Band of Cahuilla Indians. The facility has over 45,000 square feet of gambling floor. The casino completed a 16-story, 173-foot hotel tower which opened on April 18, 2008. The tower is the third-tallest building in the Inland Empire.

Coachella Valley Music and Arts Festival

The Coachella Valley Music and Arts Festival (commonly referred to as Coachella or the Coachella Festival) is an annual music and arts festival held at the Empire Polo Club in Indio, California, located in the Inland Em- pire’s Coachella Valley in the Colorado Desert. The event features musical artists from many genres of music, including rock, indie, hip hop, and electronic dance music, as well as art installations and sculptures. Across the grounds, several stages continuously host live music.

Coachella is currently held on consecutive three-day weekends in April, with each weekend having identical lineups. Organizers began permitting Coachella Music Festival spectators to camp on the grounds in 2003, one of several expansions and additions of amenities that have been made in the festival’s history. In 2018 The festival sold 198,000 tickets and grossed $94.2 million.

Fantasy Springs Resort Casino Fantasy Springs Resort Casino is a casino and hotel located south and east of Palm Springs, California near I-10 in Indio, California. It is owned and operated by Cabazon Band of Mission Indians, a federally recognized tribe. The hotel has 250 rooms and the casino consists of 2000 slot machines and video poker, 40 tables, and 100,000 sq ft of special events center space. Fantasy Springs Resort

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 17 Market Overview Location Overview Continued

Nearby Attractions Continued

The Indian Wells Tennis Garden club and community in the desert area. Golf Members enjoy unlimited The Indian Wells Tennis Garden is a tennis facility in 18-hole Championship Course play, driving range, and putting green priv- Indian Wells, near Palm Springs, California, in the ileges. They may also enjoy the clubs Clubhouse and fine dining, state-of- Coachella Valley. The 16,100-capacity Stadium 1 is the the-art Fitness Center, and 9-Hole Short Course. Homes in the Tradition largest stadium at the tennis complex, and the second Community start at $1.5 Million. largest outdoor tennis stadium in the world (after the Empire Polo Club Arthur Ashe Stadium at the US Open). It is the home of the BNP Paribas Open (previously the Pacific Life Open), a joint event of both The Empire Polo Club is a 330-acre polo club in Indio, California in River- the men’s ATP World Tour and the women’s WTA Tour, and constitutes the side County in the Coachella Valley, near Palm Springs. Founded in 1987, it fifth largest tournament in the world, held each year in March. The Indian has hosted international polo tournaments. A unique special event facility Wells Tennis Garden also hosts junior and adult United States Tennis Asso- and an unexpected desert oasis, enjoy the thrill of watching world-class ciation events year-round. In addition to these large events, during the week polo games at one of the most beautiful polo clubs in the world. Gener- members are able to use the courts for recreational play and the Tennis al admission is free and games are open to the public, year-round. The Garden sets up matches for individuals who want to play. Additionally, the Club leases out its polo grounds for the Coachella Valley Music and Arts venue offers clinics and there are professionals on staff available for a fee if Festival annually which brings in thousands of visitors to the club each needed in the area. year. The club also has a number of event venues including a beautifully appointed 5,000 square-foot climate-controlled Pavilion in the center of a Tradition Golf Club three-acre walled Rose Garden with lush lawns, flower gardens, fountains, Tradition Golf Club is a Platinum Club of America, ranking #33 in the top bronzed statues, antique lights, gazebos and a covered patio complete with Platinum Golf Clubs in America. The friendly membership, the outstanding a firepit and wrought iron benches. This. Make a day of it by having lunch golf course, and excellent staff who focus on member service add up to an or dinner at our Tack Room Tavern. The Club is located approximately 45 unparalleled experience. Tradition Golf Club is one of the most exclusive minutes from downtown Palm Springs. Distance to Attractions Jacqueline Cochran Indian Wells Tradition Gold Course Empire Polo Club Regional Airport Fantasy Springs Casino

Miles4 Miles5 Miles3 Miles12 Miles4

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 18 Market Overview Location Overview Continued

World Famous Golf Courses

Golf Digest has ranked the 30 Best Golf Courses in California and eight of them are in the Coachella Valley. Roughly 125 golf courses blanket the area, making it one of the world’s premier golf destinations and is the most popular golf vacation destination in California. The Quarry The Quarry

Built into the side of the quarry wall, the 21,000-square-foot clubhouse was designed to capture panoramic vistas of the course beyond. Here members dine while looking out over a tranquil lake to the waterfalls behind the picturesque 10th green. The clubhouse’s ambiance is casual elegance. Th course is currently ranked #5 in overall conditioning in the United States.

Stone Eagle Stone Eagle is a private golf club featuring a stunning Tom Doak designed golf course as its centerpiece. Located within the Santa Rosa and San Jacinto Mountains National Monument and surrounded by thousands of acres of protected land, Stone Eagle defies both convention and description. At the same time, the club is centrally located and offers truly exceptional elements that are enjoyed by golfers and non-golfers alike. Winner Stone Eagle of the 2018 Golden Fork Award.

PGA West Stadium Course The PGA West Stadium Course was designed by Pete Dye and is viewed as the sequel to the TPC at Sawgrass. It was inspired by the Scottish links-style courses and at one point was considered one of Golf Digest’s Top 100 Courses in America. The PGA West Stadium Course is part of the Tournament Players Club network of courses operated by the PGA Tour, and is branded as the TPC Stadium Course at PGA WEST. It hosted the tour’s CareerBuilder Challenge (then known as the Bob Hope Classic) in 1987 and again starting in 2016, and the Liberty Mutual Legends of Golf on the Senior PGA Tour in 1995 and 1996. 19 Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 PGA West Stadium Course Market Overview

Location Overview Continued

The City of Indio City Highlights

Indio is a city in Riverside County, California, United States, located in the Coachella Valley of Southern California’s Colorado Desert region. Today, the City of Indio is currently the largest and fastest growing city $ in Riverside County’s Coachella Valley with over 89,000 residents. Nearly 1.4 million people visit the “City of 1.4M 5 Billion Festivals” every year to attend its world famous arts, Visitors Annually Total Direct Spending food, and music festivals such as the Coachella Valley Music & Arts Festival Related to Tourism and Stagecoach Country Music Festival. These are some of the reasons why Indio is ranked as one of the top emerging travel destinations in the country.

With nationally recognized public safety services, exceptional schools, great thousands of new residents per year: an estimated 25 new residents are parks and senior and teen centers, no wonder it is ranked as one of the added per day. best places to live for young families with over 3,000 new housing units in construction or being planned throughout the city in addition to new hotels, City leaders and other locals are expanding city public services, including restaurants and retailers. People who visit tend to stay here once they expe- recreation activities, commercial retail centers and industrial complexes. In rience Indio’s temperate winter climate, high quality of life, art and cultural recent years, Indio served as a magnet of job opportunities for immigrants, offerings, unique restaurants and shops, diversity, and outstanding munici- and newcomers from parts of California and across the nation. Job fields, pal services. such as agriculture, construction, hospitality (hotel resorts), maintenance, and retail and housekeeping are highly needed in the area. In the past quarter a century, Indio has grown many times its previous size. Indio handles unprecedented growth for being a select area of choice for Local Events & Visitors

Coachella Stagecoach Kennel Club Dog Show Date Festival Rhythm

594k Visitors Visitors225K Visitors20K Visitors5k Visitors7k

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 20 Market Overview Demographic Summary

POPULATION 1-MILE 3-MILES 5-MILES

2000 Population 14,491 60,806 107,620 INCOME 1-MILE 3-MILES 5-MILES 2010 Population 17,570 86,062 162,168 $0 - $14,999 11.4% 12.3% 11.4% 2014 Population 18,383 90,762 171,299 $15,000 - $24,999 12.6% 12.5% 12.1% 2019 Population 19,068 102,238 194,615 $25,000 - $34,999 11.8% 10.8% 11.5% $35,000 - $49,999 18.0% 14.4% 14.1% HOUSEHOLDS 1-MILE 3-MILES 5-MILES $50,000 - $74,999 21.3% 19.3% 19.0% 2000 Households 3.31 3.17 3.07 $75,000 - $99,999 10.3% 10.4% 10.9% 2010 Households 4,104 20,725 44,199 $100,000 - $124,999 6.1% 7.3% 7.9% 2014 Households 50.20% 52.15% 52.91% $125,000 - $149,999 3.0% 3.9% 4.0% 2019 Households 35.05% 31.35% 27.61% $150,000 - $199,999 2.7% 4.1% 4.0% 2014 Average Household Size 14.75% 16.50% 19.48% $200,000 - $249-999 1.3% 2.1% 2.1% 2014 Daytime Population 58.36% 63.17% 64.42% $250,000+ 1.6% 2.9% 3.2% 2000 Owner Occupied Housing 41.64% 36.83% 35.58% 2014 Median Household Income $46,066 $49,998 $51,129 2000 Renter Occupied Housing 13.48% 16.64% 20.37% 2014 Per Capita Income $19,843 $23,426 $24,916 2000 Vacant 57.99% 64.02% 65.01% 2014 Average Household Income $63,941 $74,959 $76,835 2014 Owner Occupied Housing 42.01% 35.98% 34.99% 2014 Renter Occupied Housing 13.94% 17.07% 20.44% 2014 Vacant 0.72% 0.92% 1.02% 2019 Owner Occupied Housing 66.68% 62.23% 59.94% 2019 Renter Occupied Housing 33.32% 37.77% 40.06% 2019 Vacant 13.94% 17.07% 20.44%

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 21 Market Overview Demographic Summary Continued

Geography - 5 Miles Population Race & Ethnicity

In 2014, the population in your selected geography is 171,298. The population The current year racial makeup of your selected area is as follows: 62.97% has changed by 59.17% since 2000. It is estimated that the population in your White, 1.91% Black, 0.09% Native American and 2.16% Asian/Pacific Islander. area will be 194,614 five years from now, which represents a change of 13.61% Compare these to Entire US averages which are: 71.60% White, 12.70% Black, from the current year. The current population is 49.12% male and 50.87% 0.18% Native American and 5.02% Asian/Pacific Islander. female. The median age of the population in your area is 33.8, compare this People of Hispanic origin are counted independently of race. People of Hispan- to the Entire US average which is 37.3. The population density in your area is ic origin make up 63.21% of the current year population in your selected area. 2,180.87 people per square mile Compare this to the Entire US average of 17.13%. Households

There are currently 55,274 households in your selected geography. The number of households has changed by 65.10% since 2000. It is estimated that the Employment number of households in your area will be 63,257 five years from now, which In 2014, there are 44,198 employees in your selected area, this is also known represents a change of 14.44% from the current year. The average household as the daytime population. The 2000 Census revealed that 47.76% of employ- size in your area is 3.07 persons.. ees are employed in white-collar occupations in this geography, and 52.04% Income are employed in blue-collar occupations. In 2014, unemployment in this area is 10.64%. In 2000, the average time traveled to work was 22.0 minutes. In 2014, the median household income for your selected geography is $51,128, compare this to the Entire US average which is currently $51,972. The median household income for your area has changed by 27.58% since 2000. It is estimated that the median household income in your area will be $59,204 five years from now, which represents a change of 15.79% from the current year.

The current year per capita income in your area is $24,915, compare this to the Entire US average, which is $28,599. The current year average household People within a income in your area is $76,835, compare this to the Entire US average which is 171,200+ Five-mile Radius $74,533.

Madison Plaza - Indio, CA | Marcus Millichap | Activity ID: Y0100515 22 Exclusively Listed by: Madison Ron Duong Plaza Senior Vice President Investments Senior Director, National Retail Group (949) 419-3233 direct [email protected] License: CA 01438643 OFFERING MEMORANDUM Bryn Valaika Associate National Retail Group (949) 419-3216 direct [email protected] License: CA 02020507