Single-Tenant, Absolute NNN Investment Opportunity 1095 PULLMAN ST, ANAHEIM, CA WALSETH NET LEASED INVESTMENTS TEAM TABLE OF CONTENTS Investment Summary 01 Property Overview INVESTMENT SUMMARY Investment Highlights Site Plan Quick Facts Aerials & Maps Property Photos EXCLUSIVELY LISTED BY Anaheim 02 Demographics MICHAEL WALSETH AREA EVP, Shareholder OVERVIEW Orange County 949.400.4261 [email protected] LIC N° 01405081 KIDDER.COM Rent Roll 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 Kidder Mathews and should not be made available to any other person or entity without the 03 written consent of Kidder Mathews. Brand Profile 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 AREA due diligence investigation. Kidder Mathews 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, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or OVERVIEW 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 Marketing Brochure has been obtained from sources we believe to be reliable; however, Kidder Mathews has not verified, and will not verify, any of the information contained herein, nor has Kidder Mathews 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. This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Recipient of this report must verify the information and bears all risk for any inaccuracies. INVESTMENT SUMMARY Kidder Mathews is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in an absolute NNN, corporate guaranteed, freestanding, Home Depot Superstore investment property located in Anaheim, CA (Orange County MSA). The tenant, Home Depot U.S.A., Inc., has approximately six years 91 from the Anaheim Hills Festival Shopping Center (573,000 SF) remaining on their lease with 10 (5-year options to extend. The lease anchored by Target, Edward Cinemas, and Hobby Lobby, increasing features fixed rental increases averaging 6.30% at the beginning of crossover traffic to the subject property. Other nearby national/ options 1 through 5 and fair market values for options 6 through credit tenants include Costco, Sprouts Farmers Market, Best Buy, T.J. INVESTMENT SUMMARY INVESTMENT 10. The lease is corporate guaranteed by Home Depot U.S.A., Inc. Maxx, Michaels, Bed Bath & Beyond, Dick’s Sporting Goods, Staples (S&P: A) and is absolute NNN with zero landlord responsibilities. Pavilions, and more, further increasing consumer draw to the trade This superstore is Home Depot’s largest store on the West Coast area and promoting crossover shopping. The site also benefits from and the second largest in the whole nation. its positioning in an extremely dense, growing residential area and is the only Home Depot within an 8-mile radius, providing a direct The Home Depot Superstore is strategically positioned along consumer base to draw from. The 5-mile trade area is supported by an the highly traveled State Route 91 (117,000 VPD), which is just off extremely dense population of over 141,358 residents and more than Yorba Linda Blvd (52,000 BPD), a major thoroughfare connecting 51,163 employees, boasting an affluent average household income numerous suburbs of Orange County. The asset is ideally located of $173,159. in the heart of Savi Ranch’s retail corridor and positioned across SR DEMOGRAPHICS This superstore is Home Depot’s largest 1 Mile 3 Mile 5 Mile store on the West Coast and the second POPULATION 9,677 83,875 141,358 largest in the whole nation. AVG HH INCOME $160,106 $170,925 $173,159 EMPLOYEES 9,660 25,483 51,163 BASED ON 2020 ESTIMATES PHOTO BY HERSON RODRIGUEZ 4 OFFERING MEMORANDUM KIDDER MATHEWS KIDDER MATHEWS OFFERING MEMORANDUM 5 PROPERTY OVERVIEW SUMMARY INVESTMENT OFFERING PRICE $60,677,000 NET OPERATING INCOME $2,427,096 CAP RATE 4.00% INVESTMENT SUMMARY INVESTMENT GUARANTY Corporate TENANT The Home Depot, Inc. LEASE TYPE Absolute NNN (Fee Simple) LANDLORD RESPONSIBILITIES None PROPERTY SPECIFICATIONS 225,410 SF (178,660 SF Indoor plus RENTABLE AREA 46,750 SF Enclosed Garden Center) LAND AREA 18.01 AC 1095 Pullman St PROPERTY ADDRESS The 178K+ SF Home Depot Anaheim, CA 92807 SuperStore in Anaheim is YEAR BUILT 1995/2004 being offered at $60,677,000 PARCEL NUMBER 352-221-01 Fee Simple with a cap rate of 4.00%. OWNERSHIP (Land & Building Ownership) 6 OFFERING MEMORANDUM KIDDER MATHEWS KIDDER MATHEWS OFFERING MEMORANDUM 7 INVESTMENT HIGHLIGHTS Corporate Guaranteed, Investment-Grade Tenant Across from Anaheim Hills Festival Shopping SUMMARY INVESTMENT (S&P: A), Options to Extend Center (573,000 SF), Dense Retail Corridor Home Depot benefits from strong 141K+ 51K+ $173K RESIDENTS IN EMPLOYEES HOUSEHOLD • Home Depot U.S.A. Inc. corporate guaranteed lease • Ideally positioned across SR 91 from the Anaheim Hills Festival demographics in a 5-mile trade area THE AREA IN THE AREA INCOME (AVG) • Tenant has 6 years remaining on their lease with 10 (5-year) Shopping Center (573,000 SF) anchored by Target, Edward options to extend Cinemas, and Hobby Lobby • • Investment-grade tenant: S&P: A Other nearby national/credit tenants include Costco, Sprouts Farmers Market, Best Buy, T.J. Maxx, Michaels, Bed Bath & Beyond, Dick's Sporting Goods, Staples, Pavilions, and more Absolute NNN, Fee Simple Ownership, Zero • INVESTMENT SUMMARY INVESTMENT Excellent tenant synergy promotes crossover shopping to the Landlord Responsibilities, Second Largest Home subject site Depot in the Country • Tenant pays for CAM, taxes, insurance, and maintains all Excellent Demographics in 5-Mile Trade aspects of the premises Area, One of Orange County's Most Affluent • No landlord responsibilities Communities • Idea, management-free investment for an out-of-state, passive • Over 141,358 residents and 51,163 employees support the investor trade area • This superstore is Home Depot's largest store on the West • $173,159 affluent average household income within a Coast and second largest in the nation 5-mile radius Adjacent to State Route 91 (117,000 VPD), High Rare Orange County Retail Opportunity, Traffic Area, Excellent Visibility, & Access High Barriers to Entry • The Home Depot Superstore is strategically positioned along • Generational opportunity to own commercial real estate the highly traveled State Route 91 with 117,000 vehicles in Anaheim passing daily • Savi Ranch has recently become a major retail hub and • SR 91 serves as a major east/west thoroughfare for Orange destination for Orange County County and the Greater Los Angeles region • Dense, infill trade area with major barriers for • Located just off Yorba Linda Blvd (52,000 VPD), a primary new development REPRESENTATIVE PHOTO thoroughfare connecting numerous suburbs of Orange County 8 OFFERING MEMORANDUM KIDDER MATHEWS KIDDER MATHEWS OFFERING MEMORANDUM 9 TRAFFIC COUNT 52,000 CARS/DAY TRAFFIC COUNT 16,400 CARS/DAY WEIR CANYON RD E AV SUMMARY SUMMARY EXECUTIVE INVESTMENT A LM PA LA SANTA ANA TRAIL SANTA ANA RIVER TRAFFIC COUNT 26,000 CARS/DAY SAVI RANCH PKWY INVESTMENT SUMMARY INVESTMENT E CRYSTAL DR PULLMAN ST TRAFFIC COUNT 117,000 CARS/DAY TRAFFIC COUNT 117,000 CARS/DAY 10 OFFERING MEMORANDUM KIDDER MATHEWS KIDDER MATHEWS OFFERING MEMORANDUM 11 QUICK FACTS INVESTMENT SUMMARY INVESTMENT Location Access Traffic Counts Building Area Located in Pullman Street Yorba Linda Boulevard 225,410 SF Orange County 2 access points 52,000 cars per day (178,660 SF indoor plus INVESTMENT SUMMARY INVESTMENT Anaheim, CA 46,750 SF enclosed East Crystal Boulevard Riverside Freeway/ Garden Center) 3 access points State Highway 91 117,000 cars per day Parking Parcel Year Built Zoning Approximately 923 parking Parcel No. 352-221-01 1995 GC General Commercial spaces on the owned parcel (Renovated 2004) 18.01 AC Parking ratio is approximately 5.16 stalls per 1,000 SF of RSF 12 OFFERING MEMORANDUM KIDDER MATHEWS KIDDER MATHEWS OFFERING MEMORANDUM 13 CA-91TRAFFIC COUNT 117,000117,000 CARS/DAY CARS/DAY ANAHEIM HILLS FESTIVAL SHOPPING CENTER (573,000 SF) YORBA TRAFFICLINDA COUNTBLVD 52,000+ CARS/DAY52,000 CARS/DAY Y KW P H C YORBA LINDA BLVD N A R I V A S PULLMAN ST CA-91TRAFFIC COUNT 117,000117,000 CARS/DAYCARS/DAY SAVI RANCH PKWY DR L 26,000+ CARS/DAY A PULLMAN ST ST Y R C E E CRYSTAL DR MANASSERO FARMS YORBA LINDA BLVD 52,000+ CARS/DAY YORBA LINDA BLVD LONG BEACH HUNTINGTON BEACH NEWPORT BEACH ORANGE COAST COLLEGE I-405TRAFFIC COUNT 296,000296,000 CARS/DAY SAVI RANCH PKWY SUBJECT PROPERTY THE OUTLETS AT ORANGE JOHN WAYNE