RETAIL LEASED INVESTMENT FOR SALE 6350-6370 W. Figarden Drive, Fresno, CA 93722 Graham Clemons DRE: 01326134 OFFERING MEMORANDUM Tel: 916.677.8182 [email protected] 6350-6370 W. Figarden Drive 532 Gibson Drive, Suite 200 Roseville, CA 95678 Fresno, CA 93722 TABLE OF CONTENTS 6350-6370 W. FIGARDEN DRIVE, FRESNO, CA 93722 DISCLAIMER & 3 CONFIDENTIALITY 4 AERIAL MAPS 6 SITE PLANS PROPERTY 7 ANALYSIS LOCATION 10 DESCRIPTION PROPERTY 11 DESCRIPTION 12 TENANT PROFILE 14 RENT ROLL 15 DEMOGRAPHICS Graham Clemons DRE: 01326134 Tel: 916.677.8182 [email protected] 532 Gibson Drive, Suite 200 Roseville, CA 95678 DISCLAIMER & CONFIDENTIALITY 6350-6370 W. FIGARDEN DRIVE, FRESNO, CA 93722 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 Graham Clemons at TRI Commercial via fax (916) 525-8019 or e-mail [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. AERIAL MAP 6350-6370 W. FIGARDEN DRIVE, FRESNO, CA 93722 N W. Figarden Dr W. Bullard Ave N. Figarden Dr N. Golden State Blvd N. Ave Brawley FOR CALI NIA 99 ADT - 74,150 W. Shaw Ave ADT - 46,210 AERIAL MAP 6350-6370 W. FIGARDEN DRIVE, FRESNO, CA 93722 N W. Figarden Dr ADT - 19,875 ADT W. Bullard Ave SITE PLANS 6350-6370 W. FIGARDEN DRIVE, FRESNO, CA 93722 6370 6360 6350 103 102 101 Yard MR. BARBER NOT A PART NOT A PART Graham Clemons DRE: 01326134 Tel: 916.677.8182 532 Gibson Drive, Suite 200 [email protected] Roseville, CA 95678 PROPERTY ANALYSIS 6350-6370 W. FIGARDEN DRIVE, FRESNO, CA 93722 2020 ACTUAL RENT ANALYSIS BASE GROSS INCOME: $564,499.80 NNN EXPENSE REIMBURSEMENT: $111,828.72 TOTAL GROSS INCOME: $676,328.52 LESS EST. NNN EXPENSES: ($119,516.76) EFFECTIVE NOI: $556,811.76 CAPITALIZATION RATE: 7.5% INVESTOR PURCHASE PRICE: $7,424,156.80 $245.99 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. PROPERTY ANALYSIS 6350-6370 W. FIGARDEN DRIVE, FRESNO, CA 93722 TOTAL SALES COMPS AVG: $278.14 PSF 6.93 % CAP ADDRESS PRICE PRICE PER SF CAP RATE 6723 Van Nuys Blvd. Van Guys, CA $6,100,000 $297.56 6.48% 180 Griffith Lane. Brentwood, CA $6,850,000 $220.53 6.86% 7700 Sunrise Blvd. Citrus Heights, CA $14,180,000 $310.69 7.86% 2401 Whipple Rd. Hayward, CA $15,990,000 $390.00 6.03% 1313 S. Mooney Blvd. Visalia, CA $6,150,000 $217.65 9.02% 6731 N. Palm Ave. Fresno, CA $6,137,500 $246.89 6.65% 6055 N. Figarden Dr. Fresno, CA $13,000,000 $263.71 5.65% 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 ANALYSIS 6350-6370 W. FIGARDEN DRIVE, FRESNO, CA 93722 TOTAL LEASE COMPS AVG: $18.85 PSF, NNN HEALTH CLUB LEASE COMPS - CALIFORNIA SF LEASED PRICE PER SF (Annual) 1292 Border Ave. Corona, CA 17,956 $24.00 PSF, NNN 6723 Van Nuys Blvd. Van Guys, CA 20,500 $19.32 PSF, NNN 180 Griffith Lane. Brentwood, CA 31,062 $15.00 PSF, NNN 7700 Sunsrise Blvd. Citrus Heights, CA 45,640 $24.36 PSF, NNN 2401 Whipple Rd. Hayward, CA 4,100 $23.52 PSF, NNN 1313 S. Mooney Blvd. Visalia, CA 28,257 $19.68 PSF, NNN 3800 Innovator Dr. Sacramento, CA 66,286 $27.60 PSF, NNN 4404 University Pkwy. San Bernadino, CA 32,000 $18.96 PSF, NNN 1530 W. Covina Pkwy. West Covina, CA 37,500 $35.88 PSF, NNN 2401 Whipple Rd. Hayward, CA 41,000 $28.56 PSF, NNN 6710 Pacific Blvd. Huntington Park, CA 30,923 $23.40 PSF, NNN RETAIL LEASE COMPS - FRENSO, CA SF LEASED PRICE PER SF (Annual) 7512 N Backstone Ave, Fresno 15,000 $19.56 PSF, NNN 255-275 N Clovis Ave, Clovis 4,980 $23.40 PSF, NNN 295 N Clovis Ave, Clovis 6,480 $23.40 PSF, NNN 1928 W Olive Ave, Fresno 8,320 $20.76 PSF, NNN 1275 N Willow Ave, Clovis 5,000 $22.44 PSF, NNN 1245-1345 Herndon Ave, Clovis 10,028 $23.04 PSF, NNN 631 H Street, Fresno 17,164 $21.72 PSF, NNN 3230-3244 W Shaw Ave, Fresno 6,249 $20.64 PSF, NNN RETAIL AVAILABLE LEASE COMPS - FRENSO, CA SF LEASED PRICE PER SF (Annual) 3085 E Campus Pointe Dr, Fresno 9,800 $21.00 PSF, NNN 3107 E campus Pointe Dr, Fresno 7,200 $21.00 PSF, NNN 9463-9471 N Fort Washington, Fresno 29,167 $23.16 PSF, NNN 1108-1130 Fulton Street, Fresno 6,191 $24.00 PSF, NNN 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 6350-6370 W. FIGARDEN DRIVE, FRESNO, CA 93722 Named for the abundant ash trees lining the San Joaquin River, Fresno was founded in 1872 as a railway station of the Central Pacific Railroad before it was incorporated in 1885. The city has since become an economic hub of Fresno County and the San Joaquin Valley, with much of the surrounding areas in the Metropolitan Fresno region predominantly tied to large-scale agricultural production. The population of Fresno grew from 134,000 in 1960 to 428,000 in 2000.[13] With a census-estimated 2019 population of 531,576,[8] Fresno is the fifth-most populous city in California, the most populous inland city in California, and the 34th-most populous city in the nation. Fresno is near the geographical center of California. It lies approximately 220 miles (350 km) north of Los Angeles, 170 miles (270 km) south of the state capital, Sacramento, and 185 miles (300 km) southeast of San Francisco. Yosemite National Park is about 60 miles (100 km) to the north, Kings Canyon National Park is 60 miles (100 km) to the east, and Sequoia National Park is 75 miles (120 km) to the southeast. Because Fresno sits at the junction of Highways 41 and 99 (SR 41 is Yosemite National Park’s southern access road, and SR 99 bypasses Interstate 5 to serve the urban centers of the San Joaquin Valley), the city is a major gateway for Yosemite visitors coming from Los Angeles. The city also serves as an entrance into Sierra National Forest via Highway 168, and Sequoia and Kings Canyon National Parks via Highway 180. 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.