OFFERING MEMORANDUM

No Rent Deferments or Abatements during Covid-19 Rent to Sales Ratio of 3.2% Paying Full Contract Rent throughout Pandemic

Watch Video NON-ENDORSEMENT & DISCLAIMER NOTICE

CONFIDENTIALITY & DISCLAIMER 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 Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified 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 rep- resentation, 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, PCB’s or asbestos, the compliance with State and Federal regula- tions, 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 in- formation contained in this Marketing Brochure 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. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap. All rights reserved.

NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. CRACKER BARREL at Restaurant Row in Victorville

EXCLUSIVELY LISTED BY

PAUL A. BITONTI Senior Vice President Investment Newport Beach, California Office (949) 419 - 3246 Mobile (714) 267 - 8582 [email protected] License CA 01325076

OFFICES NATIONWIDE AND THROUGHOUT CANADA WWW.MARCUSMILLICHAP.COM

CRACKER BARREL at Restaurant Row in Victorville

TABLE OF CONTENTS

EXECUTIVE SUMMARY COMPETITIVE COMPARABLES SECTION 1 SECTION 4 01 Investment Overview • Investment Highlights 23 Sales Comparables • Rent Comparables

PROPERTY DESCRIPTION MARKET OVERVIEW SECTION 2 SECTION 5 07 Property Details • Regional Map • Property Photos 33 Location Overview • Location Highlights Market Aerial • Demographics

FINANCIAL ANALYSIS SECTION 3 15 Pricing Details • Operating Data • Rent Roll

EXCLUSIVELY LISTED BY: CRACKER BARREL Victorville

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID ZAA0100361 EXECUTIVE SUMMARY Cracker Barrel - Victorville // EXECUTIVE SUMMARY // Victorville - Barrel Cracker

1 OFFERING SUMMARY

Marcus and Millichap has been selected to exclusively represent the sale of Restaurant Row in Victorville, California, a portfolio of category leading national and regional restaurants. The subject property consists of newly constructed Cracker Barrel - Victorville // EXECUTIVE SUMMARY prototypical Cracker Barrel restaurant consisting of 9,113 square feet sitting on an approximate 2.2 acre parcel of land. The building was tastefully constructed with all of the rustic features Cracker Barrel Old Country Store restaurants are well known for, covered front porch with rocking chairs, brown paneled siding, metal roof and authentic Americana antiques. The offering is a 15 year corporate ground lease ( fee interest ), with publicly traded Cracker Barrel restaurant (Nasdaq:CBRL) with 10% rent increases every 5 years. This is southern California’s first Cracker Barrel and the grand opening was an overwhelming success that generated a tremendous wait from loyal Cracker Barrel patrons. Cracker Barrel has a cult following throughout the country and this location is well positioned along Amorgosa Road and the I-15 freeway. Cracker Barrel Old Country Store, Inc. was established in 1969 in Lebanon, Tennessee. There are currently 640 locations throughout the U.S. The real estate is well positioned in the trade located adjacent to the I-15 Freeway and Bear Valley Road on and off ramps. Fronting both Amargosa Road and the I-15 freeway the property has excellent identity and traffic exposure. Traffic counts exceed 98,000 cars per day on the I-15 and 52,000 cars at Bear Valley and I-15. The location is prime in the trade area as evidenced by the new development that includes a new 75 room Wyndham Hotel and resort, Super Walmart, Kohl’s and Home Goods, TJ Max, 24 Hour Fitness currently under construction at the site. Additionally, a proposed 128 bed trauma center, medical office building, physician village, day care, spiritual care development with a hotel has been approved with all entitlements. This project is comprised of 98 acres along Amargosa Road between Bear Valley and Main Street just 2.8 miles from the subject property. The project part is of the St. Joseph / St. Mary Healthcare system. Restaurant Row is a synergistic mix of restaurants consisting of Starbucks Coffee, nectar juice bar, Which Wich Sandwiches, Pieology Pizza, Ono Hawaiian Barbeque, Café Rio Mexican Grill, Habit Burger and Bj’s Pizza. Access points and drive aisles provide excellent ingress and egress from the Wyndham, Walmart and Kohl’s for easy access to all of the restaurants. 76% of the leasable area (4 of 6 tenants) have corporate signature absolute net leases. The remaining two tenants are strong franchisees with excellent operational histories and personal rent guarantees. 2 The investment provides annual rent growth with increasing cash flow and yield, protecting against inflation with a diversified base of strong restaurant tenants. The Victor Valley includes the communities of Adelanto, Apple Valley, Hesperia, Lucerne Valley, Oak Hills, Phelan, Victorville and Wrightwood. Victorville is the business hub of the area and draws consumers from well beyond its immediate area. It is the largest commercial center between San Bernardino and the Nevada border. The city of Victorville is home to a large and diverse pool of workers and is home to 34 universities, colleges and technical schools providing an abundant supply of skilled labor. Victorville has experienced tremendous growth over the last decade with the population increasing over 117% since 2000. The population continues to grow with projections of additional 20% growth over the next five years. Current population is 133,790 people in a 5 mile radius with an average household income of $76,267 within 1 mile of the property. Cracker Barrel - Victorville // EXECUTIVE SUMMARY // Victorville - Barrel Cracker

3 Cracker Barrel - Victorville // EXECUTIVE SUMMARY

INVESTMENT HIGHLIGHTS

►► Victorville, California Restaurant Row

►► Brand New Construction Cracker Barrel Restaurant

►► Publicly Traded (NASDAQ:CBRL) Corporate Guaranty

►► 15 Year Fee Interest Ground Lease

►► 10% Rent Increases Every 5 Years

►► Most Secure Form of Ownership

►► Explosive Trade Area Growth

►► Average Household Income $76,267 1 Mile Radius

4 NNN Ground Lease with 10% Increases

Excellent Location, Explosive Trade Area

Tremendous Demographic Growth. Diverse and Experienced pool of Workers

98,000 Cars EXECUTIVE SUMMARY // Victorville - Barrel Cracker Per Day on I-15. 52,000 Cars Per Day on Bear Valley Rd 5 PROPERTY IN THE NEWS

Opening Day Arrives for the Victorville Cracker Barrel Cracker Barrel - Victorville // EXECUTIVE SUMMARY NBC Los Angeles Feb 5, 2018 Link >>

1st Cracker Barrel in California Opens in Victorville KTLA 5 Feb 5, 2018 Link >>

Cracker Barrel Opens Its First California Location In Victorville CBS Los Angeles Feb 5, 2018 Link >>

The ‘Cracker Barrel couple’ attends ribbon cutting at latest California restaurant Fox News Feb 5, 2018 Link >>

6 PROPERTY IN THE NEWS

Cracker Barrel in California: First location opens in Opening Day Arrives for the Victorville Cracker Barrel Victorville NBC Los Angeles ABC 7 News Feb 5, 2018 Feb 5, 2018 Link >> Link >>

Cracker Barrel-loving couple visits restaurant’s first 1st Cracker Barrel in California Opens in Victorville California location KTLA 5 Today Show Feb 5, 2018 Feb 5, 2018 Link >> Link >>

Cracker Barrel Opens Its First California Location In Cracker Barrel’s Lines Defy Belief Victorville Victorville Daily Press CBS Los Angeles Feb 24, 2018 Feb 5, 2018 Link >> Link >>

The ‘Cracker Barrel couple’ attends ribbon cutting at Why Cracker Barrel Chose San Bernardino County for latest California restaurant First CA Location Fox News GlobeSt.com EXECUTIVE SUMMARY // Victorville - Barrel Cracker Feb 5, 2018 May 18, 2018 Link >> Link >>

7 CRACKER BARREL Victorville

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID ZAA0100361 PROPERTY DESCRIPTION Cracker Barrel - Victorville // PROPERTY DESCRIPTION PROPERTY // Victorville - Barrel Cracker

9 PROPERTY DETAILS

11612 Amargosa Road, Address: Victorville, California 92392 Cracker Barrel - Victorville // PROPERTY DESCRIPTION APN 3072-251-22

Price: $5,400,000

Buildings 1

Price Per Square Foot: $592.56

GLA 9,113 SF

CAP Rate 4.35%

Year Built 2017

Lot Size 2.22 AC

Occupancy 100.00%

Net Operating Income $235,000.00

1010 Cracker Barrel - Victorville Cracker Barrel - Victorville // PROPERTY DESCRIPTION PROPERTY // Victorville - Barrel Cracker

11 Cracker Barrel - Victorville // PROPERTY DESCRIPTION

Dunia Center Coming Soon

AREA AMENITIES

The immediate trade area includes strong National and Regional tenants such as a Walmart Super- center, Kohl’s, Lowe’s, Michaels, Staples, BestBuy and a variety of casual dining tenants.

A multi-tenant shopping center is coming soon between Kohl’s and Walmart, steps from the Subject Property, that will house multiple businesses, including a 24H Fitness, TJ Maxx and HomeGoods.

The ever-increasing retail choices make Victorville the place to shop and dine in the High Desert. The city has become The Retail Center in the region. Victorville is attracting new manufacturing businesses and major retailers that will translate into jobs and a strengthened economy as the city continues to invest in infrastructure and the community.

12 Hawthorn Suites by Wyndham Victorville Cracker Barrel - Victorville // PROPERTY DESCRIPTION PROPERTY // Victorville - Barrel Cracker a 75-bed Hotel with on-site Spa, swimming pool , fitness and business center.

Cracker Barrel - Victorville 13 PROPERTY NAME HERE // PROPERTY DESCRIPTION 14

CRACKER BARREL Victorville

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT IDZAA0100361 FINANCIAL ANALYSIS PROPERTY NAME HERE // FINANCIAL ANALYSIS FINANCIAL NAME HERE // PROPERTY Cracker Barrel - Victorville // FINANCIAL ANALYSIS FINANCIAL // Victorville - Barrel Cracker

17 ANNUAL RENT INCREASE

THE OFFERING ANNUALIZED OPERATING DATA Property Cracker Barrel INCOME Property Address 11612 Amargosa Road, Current Net Operating Income $235,000.00 Victorville, California 92392

Price $5,400,000 RENT SCHEDULE Capitalization Rate 4.35% YEAR ANNUAL RENT MONTLY RENT ANNUAL RENT / SF Price/SF $592.56 7/31/2020 7/30/2021 $235,000.00 $19,583.33 $25.79 7/31/2021 7/30/2022 $235,000.00 $19,583.33 $25.79 PROPERTY DESCRIPTION 7/31/2022 7/30/2023 $258,500.00 $21,541.67 $28.37 Year Built 2017 7/31/2023 7/30/2024 $258,500.00 $21,541.67 $28.37 Gross Leasable Area 9,113 SF 7/31/2024 7/30/2025 $258,500.00 $21,541.67 $28.37 Zoning Commercial 7/31/2025 7/30/2026 $258,500.00 $21,541.67 $28.37 Type of Ownership Fee Simple 7/31/2026 7/30/2027 $258,500.00 $21,541.67 $28.37 7/31/2027 7/30/2028 $284,350.00 $23,695.83 $31.20 LEASE SUMMARY 7/31/2028 7/30/2029 $284,350.00 $23,695.83 $31.20 Property Subtype Net Leased Restaurant 7/31/2029 7/30/2030 $284,350.00 $23,695.83 $31.20 Tenant Cracker Barrel 7/31/2030 7/30/2031 $284,350.00 $23,695.83 $31.20 Rent Increases Base Term and Option Terms 7/31/2031 7/30/2032 $284,350.00 $23,695.83 $31.20 Guarantor Corporate Guarantee Lease Type NNN Lease Commencement 7/31/2017 Lease Expiration 7/30/2032 *7/31/2032 7/30/2037 $312,785.00 $26,065.42 $34.32 Lease Term 15 Years Terms Remaining on Lease 12.5 Years *7/31/2037 7/30/2042 $344,063.50 $28,671.96 $37.76 Renewal Options 3 (5-year) Options Landlord Responsibility None *7/31/2042 7/30/2047 $378,469.85 $31,539.15 $41.53 Tenant Responsibility Taxes, Maintenance, Insurance Right of First Refusal/Offer None * Option Terms

18 ANNUAL CASH FLOW

$600,000.00 8.00%

7.01%

6.37%

5.79% 6.00%

5.27% $400,000.00 4.79% $378,469.85 4.35% $344,063.50

$312,785.00 4.00%

$284,350.00

$258,500.00 CAP RATE $235,000.00 $200,000.00 NET OPERATING INCOME 2.00%

$0.00 0.00% 2020-2021 2020-2026 2027-2031 2032-2037 2037-2042 2042-2047

19 20 TENANT SUMMARY

Tenant Name Cracker Barrel

Lease Commencement 7/31/2017

Lease Expiration 7/30/2032 $3 Billion Gross Leasable Area 9,113 SF REVENUE Option Term 3 (5-year) Pro Rata Share of Project 100%

Headquartered Lebanon, Tennessee, United States

No. of Locations 640 Lebanon, TN Website www.crackerbarrel.com Tenant Trade Name Cracker Barrel Old Country Store HEADQUARTERED Ownership Public

Stock Symbol NASDAQ: CBRL

Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL), estab- lished in 1969 in Lebanon, Tenn., provides a friendly home-away- from-home in its old country stores and restaurants. Guests are 73,000 cared for like family while relaxing and enjoying real home-style food and shopping that’s surprisingly unique, genuinely fun and EMPLOYEES reminiscent of America’s country heritage…all at a fair price. The restaurants serve up delicious, home-style country food such as meatloaf and homemade chicken n’ dumplins as well as our signa- ture biscuits using an old family recipe. The authentic old country retail store is fun to shop and offers unique gifts and self-indul- gences. Cracker Barrel is known for its partnerships with country music performers. It has received attention for its charitable ac- 660+ tivities, such as its assistance of victims of Hurricane Katrina and injured war veterans. LOCATIONS This location is the first ever Cracker Barrel in California.

21 CRACKER BARREL Victorville

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID ZAA0100361 COMPARABLE PROPERTIES Cracker Barrel - Victorville // COMPARABLE PROPERTIES COMPARABLE // Victorville - Barrel Cracker

23 Cracker Barrel - Victorville // COMPARABLE PROPERTIES SALES COMPARABLES – SUMMARY

PROPERTY NAME STATUS PRICE CAP RATE PRICE PER FOOT

Cracker Barrel - Victorville Just Listed $5,400,000 4.35% $592.56

The Habit - Victorville 05/17/2018 $3,500,000 4.29% $1,029.41

BJ’s Restaurant - Victorville 05/18/2018 $4,000,000 3.45% $555.56

McDonald’s - Victorville 5/16/2016 $2,535,000 3.85% $652.34

McDonald’s - Lancaster 12/28/2017 $2,100,000 3.50% $572.05

Del Taco - San Pedro 10/1/2018 $5,500,000 4.00% $2,272.73

Raising Cane’s - La Habra 3/1/2018 $3,960,000 4.04% $1,222.60

Outback Steakhouse - Buena Park 3/31/2017 $3,420,000 3.50% $556.10

24 4

3

2 1

6

7

5 PROPERTIES COMPARABLE // Victorville - Barrel Cracker

25 SALES COMPARABLES Cracker Barrel - Victorville // COMPARABLE PROPERTIES

CRACKER BARREL VICTORVILLE 1 THE HABIT - VICTORVILLE 11612 Amargosa Rd, Victorville, CA 92392 11608 Amargosa Rd, Victorville, CA 92392

SALES PRICE $5,400,000 SALES PRICE $3,500,000

Sale Date Just Listed Sale Date 05/17/2018

Year Built 2018 Year Built 2015

Cap Rate 4.35% Cap Rate 4.29%

Price Per SF $592.56 Price Per SF $1,038.24

ADDITIONAL INFO ADDITIONAL INFO

Gross Leasable Area 9,113 SF Gross Leasable Area 3,400 SF

Lot Size 2.22 AC Lot Size 0.71 AC

2018 Construction, 20-year Ground Leasewith 10% increases every 5 years.

26 2 BJ’S RESTAURANT - VICTORVILLE 3 MCDONALD’S - VICTORVILLE 11600 Amargosa Rd, Victorville, CA 92392 13625 Bear Valley Rd, Victorville, CA 92392

SALES PRICE $4,000,000 SALES PRICE $2,535,000

Sale Date 05/18/2018 Sale Date 5/16/2016

Year Built 2018 Year Built 2009

Cap Rate 3.45% Cap Rate 3.85%

Price Per SF $555.56 Price Per SF $652.34

ADDITIONAL INFO ADDITIONAL INFO

Gross Leasable Area 7,200 SF Gross Leasable Area 3,886 SF

Lot Size 1.33 AC Lot Size 0.76 AC PROPERTIES COMPARABLE // Victorville - Barrel Cracker

2017 Construction, 17.5 years left on ground lease at time of sale. The ground lease expires12/31/2028 with four 5-year options. CPI increases every 5 years.

27 SALES COMPARABLES Cracker Barrel - Victorville // COMPARABLE PROPERTIES

4 MCDONALD’S - LANCASTER 5 DEL TACO - SAN PEDRO 43645 Challenger Way, Lancaster, CA 93535 350 S Gaffey St, San Pedro, CA 90731

SALES PRICE $2,100,000 SALES PRICE $5,500,000

Sale Date 12/28/2017 Sale Date 10/1/2018

Year Built 2002 Year Built 2018

Cap Rate 3.50% Cap Rate 4.00%

Price Per SF $572.05 Price Per SF $2,272.73

ADDITIONAL INFO ADDITIONAL INFO

Gross Leasable Area 3,671 SF Gross Leasable Area 2,420 SF

Lot Size 5.00 AC Lot Size 0.42 AC

McDonald’s has 21+ Years remaining on The tenant was on a 20-year ground lease at the time of sale. the initial term, with 10% rent increases every 5 years

28 6 RAISING CANES - LA HABRA 7 OUTBACK - BUENA PARK 1050 S Beach Blvd, La Habra, CA 90631 7575 Beach Blvd, Buena Park, CA 90620

SALES PRICE $3,960,000 SALES PRICE $3,420,000

Sale Date 3/1/2018 Sale Date 3/31/2017

Year Built 1975 Year Built 2001

Cap Rate 4.04% Cap Rate 3.50%

Price Per SF $1,222.60 Price Per SF $556.10

ADDITIONAL INFO ADDITIONAL INFO

Gross Leasable Area 3,239 SF Gross Leasable Area 6,150 SF

Lot Size 1.00 AC Lot Size 1.81 AC PROPERTIES COMPARABLE // Victorville - Barrel Cracker

The tenant was on a Corporate Ground lease with 15 years remaining The tenant, T-Bird Restaurant Group, Inc., is a California Franchisee and four 5-year options to renew. for Outback Steakhouse, owns and operates 62 Outback Steakhouse restaurants. They executed their second 5 year option and who has now occupied the property for over 15 years. 29 SALES COMPARABLES

5.00% Cracker Barrel - Victorville // COMPARABLE PROPERTIES

4.35% 4.29% 4.00% Avg 3.80% 4.00% 4.04% 3.85% 3.45% 3.50% 3.50% 3.00%

2.00% Cap Rate Cap 1.00% Price Per Foot

0.00%

The Habit - Victorville Del Taco - San Pedro McDonald’s - VictorvilleMcDonald’s - Lancaster Raising Cane’s - La Habra Cracker Barrel - Victorville BJ’s Restaurant - Victorville Outback Steakhouse - Buena Park

PROPERTY

30 $2,500.00 $2,272.73

$2,000.00

$1,500.00 $1,222.60 $1,029.41 Avg $980.11 $1,000.00

$652.34 $592.56 $555.56 $572.05 $556.10

$500.00 Price Per Foot Price Per Foot Per Price

$0.00

The Habit - Victorville Del Taco - San Pedro McDonald’s - VictorvilleMcDonald’s - Lancaster Raising Cane’s - La Habra Cracker Barrel - Victorville BJ’s Restaurant - Victorville Outback Steakhouse - Buena Park Cracker Barrel - Victorville // COMPARABLE PROPERTIES COMPARABLE // Victorville - Barrel Cracker PROPERTY

31 CRACKER BARREL Victorville

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID ZAA0100361 MARKET OVERVIEW PROPERTY NAME HERE // MARKET OVERVIEW MARKET NAME HERE // PROPERTY Cracker Barrel - Victorville // COMPARABLE PROPERTIES COMPARABLE // Victorville - Barrel Cracker

33 COUNTY OVERVIEW Cracker Barrel - Victorville // MARKET OVERVIEW

San Bernardino County is the largest county in the contiguous United States: The county covers more than 20,000 square miles of land. There are 24 cities and towns

in the county and multiple unincorporated areas. The county is bordered by Los Angeles, Orange, Riverside, Inyo and Kern counties as well as the Arizona and Ne-

vada state lines. Interstates 10, 40, and 15, the major vehicle and truck routes into Southern California all travel through San Bernardino County as do the major rail

freight routes. San Bernardino County has a population of 2.1 million people and a total of 705,700 wage and salary jobs. The per capita income is $34,414 and the

average salary per worker is $54,046. There are at least 35 official wilderness areas in the county that are part of the National Wilderness Preservation System. This is

the largest number of any county in the United States. Places of interest within the County include: The Mojave National Preserve, Calico Ghost Town, Zzyzx - a small

desert settlement that used to be a health spa and is now the Desert Studies Center, Joshua Tree National Park, San Bernardino National FOrest - home to Big Bear

Lake outdoor activities, Goldstone Deep Space Communications Complex, Snow Summit and Bear Mountatin Ski Resort.

California State University San Bernardino

34 MAJOR EMPLOYERS AIRPORTS

California State University, San Bernardino San Bernardino International Airport Caltrans District 8 LA/ Ontario International Airport City of San Bernardino Southern California Logistics Airport Community Hospital of San Bernardino Apple Valley Airport, Baker Airport, Barstow-Daggett Airport, Chino Airport, Needles Airport San Bernardino City Unified School District Big Bear City Airport, Cable Airport, Redlands Municiple San Bernardino County Sheriff’s Department Airport San Bernardino County Superintendent of Schools San Manuel Band of Mission Indians MAJOR ROADWAYS

Interstate 10, 15, 40, 215 State Route 15, 95, 395, 2, 18, 38, 58, 60, 62, 66, 71, 83, 127, 138, 142, 173, 178, 189, 247, 259, 330

CITY OVERVIEW

Victorville is a city located in the Victor Valley of southwestern San Bernardino County, California. Its estimated population as of July

1, 2013 was 121,096. Southern California Logistics Airport, located in Victorville is a 2,500-acre world-class aerospace services hub,

providing aircraft owners, manufacturers and aerospace service providers with an ideal location to serve the global market. It is also

the top employer of the city, followed by Victor Valley College, Desert Valley Hospital, Verizon, Victorvalley Union High School District

and Victor Elementary School District. The Victor Valley offers numerous recreational options. The Performing Arts Center, located

on the Victor Valley College campus, provides a wide variety of cultural entertainment including concerts, speakers, plays, musicals,

and more. Old Town Victorville boasts an eclectic selection of antique stores and specialty shops and is home to the nostalgic Route

66 Museum. The Victor Valley Museum, located at Jess Ranch in Apple Valley, provides a look at local history, and the Apple Valley OVERVIEW MARKET // Victorville - Barrel Cracker

Science and Technology Center gives kids of all ages a glimpse of the future. The San Bernardino County Fair in Victorville livens up

each spring with carnival rides, livestock competitions, exhibits, a rodeo, a demolition derby, celebrity concerts and much more.

35 DEMOGRAPHICS HIGHLIGHTS Cracker Barrel - Victorville // MARKET OVERVIEW 133,790 5-MILE POPULATION

$76,267 AVERAGE HOUSEHOLD INCOME

85.31% OWNER OCCUPIED HOUSING UNITS

36 POPULATION 1-MILE 3-MILES 5-MILES 2000 Population 1,734 21,892 52,582 2010 Population 5,583 49,485 110,069 2014 Population 5,687 51,013 114,163 2019 Population 7,159 61,045 133,790

INCOME 1-MILE 3-MILES 5-MILES

Average $76,267 $68,547 $62,313

Median $69,739 $58,913 $51,576

Per Capita $19,118 $18,466 $17,481

HOUSEHOLDS 1-MILE 3-MILES 5-MILES 2000 Households 4,177 9,817 41,165 2010 Households 3,980 9,904 43,947 2016 Households 4,177 12,099 49,880 2021 Households 4,280 12,381 51,436 Cracker Barrel - Victorville // MARKET OVERVIEW MARKET // Victorville - Barrel Cracker Housing (2015) $72,753 $74,485 $77,546

37 CRACKER BARREL Victorville

EXCLUSIVELY LISTED BY

PAUL BITONTI Senior Vice President Investments Newport Beach Cell 714.267.8582 Office 949.419.3246 [email protected] License CA 01325076