Single-Tenant, Absolute NNN Investment Opportunity - 1095 PULLMAN ST, ANAHEIM, CA

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Single-Tenant, Absolute NNN Investment Opportunity - 1095 PULLMAN ST, ANAHEIM, CA
Single-Tenant, Absolute NNN
                              Investment Opportunity

                              10 9 5 P U L L M A N S T, A N A H E I M , C A

WA L S E T H N E T LE A S E D I N V E S T M E N T S T E A M
Single-Tenant, Absolute NNN Investment Opportunity - 1095 PULLMAN ST, ANAHEIM, CA
TABLE OF
                                                                                                                                                                                                                                                                      CONTENTS
                                                                                                                                                                                                                                                                      01           Investment Summary
                                                                                                                                                                                                                                                                                   Property Overview
                                                                                                                                                                                                                                                                      INVESTMENT
                                                                                                                                                                                                                                                                      SUMMARY      Investment Highlights
                                                                                                                                                                                                                                                                                   Site Plan
                                                                                                                                                                                                                                                                                   Quick Facts
                                                                                                                                                                                                                                                                                   Aerials & Maps
                                                                                                                                                                                                                                                                                   Property Photos

EXCLUSIVELY LISTED BY

MICHAEL WALSETH
                                                                                                                                                                                                                                                                      02           Anaheim
                                                                                                                                                                                                                                                                                   Demographics
                                                                                                                                                                                                                                                                      AREA
EVP, Shareholder                                                                                                                                                                                                                                                      OVERVIEW     Orange County
949.400.4261
michael.walseth@kidder.com
LIC N° 01405081                                        K IDDER .COM

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
written consent of Kidder Mathews.
                                                                                                                                                                                                                                                                      03           Rent Roll
                                                                                                                                                                                                                                                                                   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.
Single-Tenant, Absolute NNN Investment Opportunity - 1095 PULLMAN ST, ANAHEIM, CA
INVESTMENT SUMMARY
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.
                     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
Single-Tenant, Absolute NNN Investment Opportunity - 1095 PULLMAN ST, ANAHEIM, CA
PROPERTY
                                                                                                                              OVERVIEW

                                                                                                                                                                                      INVESTMENT SUMMARY
INVESTMENT SUMMARY

                                                                                                                              OFFERING

                                                                                                                              PRICE                       $60,677,000
                                                                                                                              NET OPERATING INCOME        $2,427,096
                                                                                                                              CAP RATE                    4.00%
                                                                                                                              GUARANT Y                   Corporate
                                                                                                                              TENANT                      The Home Depot, Inc.
                                                                                                                              LEASE T YPE                 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
                     The 178K+ SF Home Depot                                                                                  PROPERT Y ADDRESS
                                                                                                                                                          Anaheim, CA 92807
                     SuperStore in Anaheim is                                                                                 YEAR BUILT                  1995/2004

                     being offered at $60,677,000                                                                             PARCEL NUMBER               352-221-01

                     with a cap rate of 4.00%.                                                                                OWNERSHIP
                                                                                                                                                          Fee Simple
                                                                                                                                                          (Land & Building
                                                                                                                                                          Ownership)

      6                                             OFFERING MEMORANDUM KIDDER MATHEWS   KIDDER MATHEWS OFFERING MEMORANDUM                                                                7
Single-Tenant, Absolute NNN Investment Opportunity - 1095 PULLMAN ST, ANAHEIM, CA
INVESTMENT HIGHLIGHTS
                     Corporate Guaranteed, Investment-Grade Tenant                       Across from Anaheim Hills Festival Shopping
INVESTMENT SUMMARY

                                                                                                                                                                                                                                                                    INVESTMENT SUMMARY
                     (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                            •   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
Single-Tenant, Absolute NNN Investment Opportunity - 1095 PULLMAN ST, ANAHEIM, CA
TRAFFIC COUNT
                                                                                                                                                                                        52,000 CARS/DAY
                                                                                     TRAFFIC COUNT
                                                                                     16,400 CARS/DAY
                                            E

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                                        V
                                     AA

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                                                                                                                                                                                                                                                 IENXVEECSUTTM
INVESTMENT SUMMARY

                                 M                                  L
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                                                                                                                                                                                            R
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                                                                                                                                                                                                                                                             I VEEN S
                                                                                                                                                     W
                                                                                                                                                  PK
                                            SANTA ANA RIVER                                                                                  CH                                TRAFFIC COUNT

                                                                                                                                                                                                                                                                    T USM
                                                                                                                                         N                                     26,000 CARS/DAY
                                                                                                                                    RA
                                                                                                                               VI

                                                                                                                                                                                                                                                                        UM A
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                                                                                                                                                                                                                                                                           MRAYR Y
                                                                                       R                                                                                           ST
                                                                                A   LD                                                                                         N
                                                                         Y   ST                                                                                        M
                                                                                                                                                                           A
                                                                    CR                                                                                            LL
                                                                E                                                                                            PU

                                                                                                                                             TRAFFIC COUNT
                                                                                                                                             117,000 CARS/DAY

                                                                                                       TRAFFIC COUNT
                                                                                                       117,000 CARS/DAY

  10                                                                                                                                              OFFERING MEMORANDUM KIDDER MATHEWS                        KIDDER MATHEWS OFFERING MEMORANDUM      11
Single-Tenant, Absolute NNN Investment Opportunity - 1095 PULLMAN ST, ANAHEIM, CA
QUICK FACTS

                                                                                                                                                                          INVESTMENT SUMMARY
INVESTMENT SUMMARY

                                                                   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
                                                                   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
Single-Tenant, Absolute NNN Investment Opportunity - 1095 PULLMAN ST, ANAHEIM, CA
C ATRAFFIC
                                                                                                                                                                                   -91      COUNT
                                                                                                                                                                                 117,000CARS/DAY
                                                                                                                                                                               117,000   CARS/DAY

                                                                           ANAHEIM HILLS FESTIVAL
                                                                             SHOPPING CENTER
                                                                               (573,000 SF)                              YORBA TRAFFIC
                                                                                                                               LINDA COUNT
                                                                                                                                       BLV D
                                                                                                                                 52,000 CARS/DAY
                                                                                                                         52,000+ CARS/DAY

                                                                                                                                                            Y
                                                                                                                                                        W
                                                                                                                                                   PK

                                                                                                                                                   H
                                                                                                                                    D A B LV D

                                                                                                                                                   NC
                                                                                                                     Y O R B A LI N

                                                                                                                                                        I RA
                                                                                                                                                   S AV
                                                                                                                                                                PU LLM AN ST

                                                                                                                                                                               CTRAFFIC
                                                                                                                                                                                A -91     COUNT
                                                                                                                                                                                117,000 CARS/DAY
                                                                                                                                                                               117,000  CARS/DAY
SAV I R A NCH PK W Y
                                                                                                                           L DR
26,000+ CARS/DAY                                                                                                         A
                                                   PU                                                               ST
                                                        LL                                                      Y
                                                             M                                              R
                                                                 AN                                     C

                                                                                                    E
                                                                      ST

                                               R
                                   YS   TA L D
                              E CR
                                                                                                                     MANASSERO FARMS

                       YORBA LINDA BLV D
                       52,000+ CARS/DAY
Single-Tenant, Absolute NNN Investment Opportunity - 1095 PULLMAN ST, ANAHEIM, CA
YO R B A
                                                                                                                                                                                                                 LONG BEACH

                           L IN D A B
                                                                                                                                                                        HUNTINGTON BEACH

                                      LV D
                                                                                                                            NEWPORT BEACH
                                                                                                                                                          ORANGE COAST COLLEGE
                                                                                                                                   I -TRAFFIC
                                                                                                                                       4 05     COUNT
                                                                                                                                    296,000 CARS/DAY
                                                                                                                                   296,000  CARS/DAY
                                                                                       SA
                                                                                            VI
                                                                                                 RA
                                              SUBJECT                                                 NC
                                             PROPERTY                                                      H
                                                                                                               PK                                                                        THE OUTLETS AT ORANGE
                                                                                                                    W
                                                                                                                        Y
                                                                                                                                                  JOHN WAYNE AIRPORT
                                                                                                                                                                                                                               DISNEYLAND PARK
                                                                                                                                                                           SANTA ANA
                                                                                                                                    IRVINE
                                                                                                                                                                                                                       ANAHEIM               FULLERTON
                                                                                                                                                                                  I-5
                                                                                                                                                                                 TRAFFIC COUNT
                                                                                                                                                                                 289,000 CARS/DAY

                                                        PU
                                                                                                                                                                                  289,000 CARS/DAY
                                                                                                                                                                                                                             CALIFORNIA STATE

                                                         LL
                                                                                                                                  CALIFORNIA STATE UNIVERSITY                                                              UNIVERSITY, FULLERTON

                                                         M
CTRAFFIC
 A -91     COUNT                                                                                                                      OF SAN BERNARDINO                                      ORANGE

                                                             AN
 117,000 CARS/DAY
117,000  CARS/DAY                                                                                                                      20,000+ STUDENTS

                                                              ST
                                                                                                                                          THE MARKET PLACE

                                                                                                                                                                                       VILLA PARK

                                                                                                                                                                                                                     C A -91
                                                                                                                                                                                                                     TRAFFIC   COUNT
                                                                                                                                                                                                                     117,000 CARS/DAY
                                                                                                                                                                                                                     117,000  CARS/DAY
                                                                                                                                                                                                SUBJECT
                                                                    K E N DA L L D R                                                                                                           PROPERTY

                                                                                                                                                                                                                   YORBA LINDA
                                                                                             CTRAFFIC
                                                                                              A -91   COUNT
                                                                                              117,000 CARS/DAY
                                                                                             117,000  CARS/DAY

      DEER CANYON PARK
                                                                                                                                       ANAHEIM HILLS FESTIVAL
                                                                                                                                         SHOPPING CENTER

                                                  ANAHEIM HILLS FESTIVAL
                                                    SHOPPING CENTER
Single-Tenant, Absolute NNN Investment Opportunity - 1095 PULLMAN ST, ANAHEIM, CA
MOORPARK                                                     SAN
                     NEIGHBORING HOME DEPOT DISTANCES                                                                                                                                                 SIMI
                                                                                                                                                                                                     VALLEY                                      FERNANDO
                                                                                                                                                                                                                                                                                                                                                                                         Crestline
                                                                                                                                                                                                                                                                                                                                             Mt Baldy
                                                                                                                                                                                                                            CANOGA                                          LA CAÑADA                                                                                                                                             Ru
                                                                                                                                                                                                                             PARK                                           FLINTRIDGE
                                                                                                                                                                                                                                                                                                                                                                                                                                  Sp
                                                                                                                                                                                                  THOUSAND

                                                                                                                                                                                                                                                                                                                                                                                                             INVESTMENT SUMMARY
                                                                                                                                                                                                                                                               BURBANK
INVESTMENT SUMMARY

                                                                                                                                                                                                    OAKS
                                                                                                                                                                                     5 MILES
                                                                        16.6 MILES
                                                                                                                                                                                                                              27
                                                                                                                                                                                                                                                SHERMAN                            PASADENA
                                                                        La Habra, CA                                                                                                                                CALABASAS                     OAKS                                                      AZUSA
                                        LA HABRA
                                                                                                                             11.2 MILES
                                                                                                                                                                                                                                                                  LOS ANGELES                                                                                              SAN BERNARDINO
                                                       LAMBERT RD                                                                                                                                                                   Topanga             HOLLYWOOD
                                                                                                                             Brea, CA
                                                                                                                                                                                                                                   State Park                 48 Min | 36 Miles                             COVINA                                                  FONTANA
                                                                              BREA                                                                                                                                                                  BEVERLY                                                                                  ONTARIO
                                                                                                                                                                                     3 MILES                                                         HILLS                                                                                                            BLOOMINGTON
                                                                                                                                                                                                                                                             LOS ANGELES                                                   POMONA                                                                        REDLANDS

                                                                                                            KRAEMER BLVD
                                                                                                                                                                                                 MALIBU                                                                                                 CITY OF
                                                                                                                                                                                                                                           SANTA

                                                                        VD
                                                                                                                                                                                                                                          MONICA                                                       INDUSTRY                      CHINO

                                                                  BL
                                                         EA
                                                        BR                                                                 YORBA LINDA BLVD
                                                                                                                                                                                     1 MILE
                                                                                                                                        YORBA                                                                                                             INGLEWOOD
                                                         10.2 MILES                                                                     LINDA
                                 CHAP
                                        MAN A
                                              VE         Fullerton, CA                                                                                                                                                                                                              DOWNEY                                                                              RIVERSIDE           MORENO VALLEY
                                                                                                        PLACENTIA                                                                                                                                 EL SEGUNDO
                                                   FULLERTON                                                                                                                                                                                                                                                BREA               Chino Hills
                                                                                                                                                                                                                                                                    COMPTON                                                    State Park
                                                                                                                                                                                           SUBJECT                                                 MANHATTAN                                                                                                                               March Air

                                                                                                                                                                                 D
                                                                                                                                          L A PA LM A A V E

                                                                                                                                                                             R
                                                                                                                                                                                                                                                     BEACH                                                                                                                                Reserve Base

                                                                                                                                                                            N
                                                                                                                                                                             O
                                                                                                                                                                                                                                                                                                                                                        CORONA           WOODCREST
                                                                                                                                                                     CA
                                                                                                                                                                          NY              PROPERTY                                                                               LAKEWOOD               FULLERTON
                                                                                                                                                    S A N TA A N
                                                                                                                                                                 A
                                                                                                                                                                           ANAHEIM HILLS                                                            Hermosa
                                                                                  STATE COLLEGE BLVD

                                                      LA PALMA AVE                                                                                                                                                                                   Beach
                                                                                                                                                                                                                                                              TORRANCE                      CERRITOS
                                                                                                                                                                                                                                                                                                         ANAHEIM                      SUBJECT              EL CERRITO                     MEAD                    LAK
                                                                                                                                                                                                                                                    Redondo
                                                     ANAHEIM                                                                                                                                                                                         Beach                                                                           PROPERTY                                            VALLEY
                                                                                                           8.1 MILES
                                                                                                                                                                                                                                                                   LONG BEACH
                          17.7 MILES                                                                                                                                                                                                                                                                                                                                                                        NUEVO
                                                                                                                                                                                                                                                                                                                  ORANGE
                                                                AN

                          Anaheim, CA                                                                      Orange, CA
                                                                                                                                                                                                                                                                   43 Min | 32 Miles                                                                             ARCILLA                         PERRIS
                                                                        AH

                                                                                                                                                                                                                                                    RANCHO                   LONG BEACH
                                                                        EIM

                                   BALL RD
                                                                                                          TAFT AVE                                                                                                                                   PALOS            Terminal
                                                                                                                                          VILLA PARK                                                                                                                                                         SANTA ANA                       SILVERADO
                                                                         B LV

                                                                                                                                                                                                                                                                       Island
                                                                                                                                                                                                                                                    VERDES
                                                                             D
                                                          HARBOR BLVD

                       STANTON                                                                                                                                                                                                                                                                                                                                                                                                    W
                                                                                                                                    9.8 MILES                                                                                                                                                                                                                                                          MENIFEE
                                                                                                                                    Orange, CA                                                                                                                                                                       IRVINE                                                              Canyon Lake
                                17.9 MILES
                                        KATELLA AVE
                                                                                                                                                                                                                                                                                                                           IRVINE                                              Lake
                                Garden Grove, CA                                                             ORANGE                                                                                                                                                                                                                                                           Elsinore
                                                                                                                                                                                                                                                                                                                                    LAKE
                                                                                                                                                                                                                                                                                                                      20 Min | 17 Miles                                       LAKELAND
                                                                                                                                                                                                                                                                                                                                   FOREST                                      VILLAGE
                                                                                                                                                                                                                                                                                                        NEWPORT
                                        GARDEN GROVE                                                                                                                                                                                                                                                     BEACH

                      WESTMINSTER
                                                                                                                                                                                                                                                                                                                                                                                                     MURRIETA
                                                                                                                                                                                                                                                                                                                      Laguna Beach
                                                                                                       SANTA ANA
                                                                                                                                                                                                                                                                                                                            LAGUNA NIGUEL

  18                                                                                                                                                                                           OFFERING MEMORANDUM KIDDER MATHEWS                     KIDDER MATHEWS OFFERING MEMORANDUM
                                                                                                                                                                                                                                                                                                                                     DANA                                                                  TEMECU
                                                                                                                                                                                                                                                                                                                                                                                                              19
                                                                                                                                                                                                                                                                                                                                     POINT
PROPERTY PHOTOS
FINANCIALS

                                                                                                          REPRESENTATIVE PHOTO

         20                     OFFERING MEMORANDUM KIDDER MATHEWS   KIDDER MATHEWS OFFERING MEMORANDUM                          21
ANAHEIM
                                                                                                                                                                            teams-the Los Angeles Angels of Anaheim American League
                                                                                                                                                                            Baseball team that utilizes the Angel Stadium of Anaheim,
                                                                                                                                                                            and the Anaheim Ducks National Hockey League team that
                                                                                                                                                                            utilizes the Honda Center.
ARE A OVERVIEW

                                                                                                                                                                                                                                            ARE A OVERVIEW
                 Anaheim is a city located in the Los Angeles metropolitan area, also known as Orange County. It
                                                                                                                                                                             Anaheim and Orange County are home to
                 serves as the county's cultural and tourist attraction of Orange County, California, United States.
                                                                                                                                                                             a wide spectrum of industries, with 8,000+
                                                                                                                                                                             manufacturing plants in the county.
                 Anaheim City is located in northwestern Orange County,
                 about 28 miles southeast of downtown Los Angeles and 90
                 miles north of San Diego. The city lies on a coastal plane, which
                                                                                                                                                                            Anaheim and Orange County are home to a wide spectrum
                 is bordered by the Pacific Ocean to the west and the Santa
                                                                                                                                                                            of industries - more than 8,000 manufacturing plants are
                 Ana Mountains to the east. The city is the oldest and most
                                                                                                                                                                            located in the county, most notably defense and aerospace,
                 populous city in Orange County. The city of Anaheim is the
                                                                                                                                                                            biomedical, electronics, machinery, and computer product
                 10th largest city in California with a population of 359,477 as
                                                                                                                                                                            manufacturers. The city has over 20,000 active business
                 of July 1, 2018.
                                                                                                                                                                            licenses, of which 15,500 are businesses operating within the
                 Centrally located within Southern California, Anaheim is                                                                                                   city’s boundaries.
                 the regional hub for economic activity in Orange County
                                                                                                                                                                            According to the city’s Comprehensive Annual Financial
                 and fast becoming a world-class business center. The city
                                                                                                                                                                            Report, the top employers in the city are Disneyland Resort,
                 is known worldwide as a center for entertainment, tourism,
                                                                                                                                                                            Kaiser Permanente, Kaiser Permanente Anaheim Medical
                 and convention activities. The translates into prestigious,
                                                                                                                                                                            Center, Northgate Gonzalez Markets, Anaheim Regional
                 high profile international address that balances business and
                                                                                                                                                                            Medical Center, AT&T, Hilton Anaheim, L-3 Communications,
                 residential growth.
                                                                                                                                                                            Time Warner Cable, and West Anaheim Medical Center.

                                                                                                                                                                            Anaheim has three private universities: Anaheim University
                                                                                                                                                                            and Southern California Institute of Technology (SCIT), and
                  Anaheim is the regional hub for economic                                                                                                                  Bristol University (BU) with its sport teams Bristol Bears.
                  activity in Orange County and fast                                                                                                                        North Orange County Community College District Serves
                  becoming a world-class business center.                                                                                                                   the community.

                                                                                                                                                                            Cultural, historical, and leisure attractions include the
                                                                                                                                                                            Disneyland Resort, including Disneyland Park and Disney’s
                 Anaheim’s income is based on a tourism economy. In addition                                                                                                California Adventure Park, Anaheim Museum, Featherly
                 to the Walt Disney Company being the city’s largest employer,                                                                                              Regional Park, Ramon Peralta Adobe Historic Site, Yorba
                 Anaheim is home to the Disneyland Resort, the Anaheim               DISNEYLAND                                          ANGEL STADIUM
                                                                                                                                                                            Linda Regional Park, and many others in the greater Los
                 Convention Center, and two major league professional sports                                                                                                Angeles metropolitan area.

 22                                                                                               OFFERING MEMORANDUM KIDDER MATHEWS   KIDDER MATHEWS OFFERING MEMORANDUM                                                                    23
DEMOGRAPHICS
ARE A OVERVIEW

                                                                                                                                                                                            ARE A OVERVIEW
                 The subject property is ideally situated                                                                             POPULATION
                                                                                                                                                           1 Mile     3 Miles    5 Miles
                 in Anaheim which benefits from very                                                                                  2020 ESTIMATE        9,677      83,875     141,358
                 strong demographics.                                                                                                 2025 PROJECTION      9,740      84,374     142,361
                                                                                                                                      2010 CENSUS          9,276      81,456     136,655
                                                                                                                                      GROWTH 2020 - 2025   0.1%       0.1%       0.1%
                                                                                                                                      GROWTH 2010 - 2020   0.4%       0.3%       0.3%
                                                                                                                                      AVERAGE AGE          43.7       42.7       42.8

                                                                                                                                      HOUSEHOLDS
                                                                                                                                                           1 Mile     3 Mile     5 Mile

                                                                                                                                      2020 ESTIMATE        3,574      30,088     49,913
                                                                                                                                      2025 PROJECTION      3,699      31,146     51,705
                                                                                                                                      2010 CENSUS          3,335      28,385     46,956
                                                                                                                                      GROWTH 2020 - 2025   0.7%       0.7%       0.7%
                                                                                                                                      CHANGE 2000 - 2020   0.8%       0.5%       0.7%

                                                                                                                                      2020 EMPLOYMENT & INCOME
                                                                                                                                                           1 Mile     3 Mile     5 Mile

                                                                                                                                      AVG HH INCOME        $160,106   $170,925   $173,159
                                                                                                                                      MEDIAN HH INCOME     $130,501   $133,134   $132,424
                                                                                                                                      PER CAPITA INCOME    $59,144    $61,332    $61,162
                                                                                                                                      TOTAL BUSINESSES     1,040      3,586      6,924
                                                                                                                                      TOTAL EMPLOYEES      9,660      25,483     51,163
                 PHOTO BY GAGE SKIDMORE

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ORANGE COUNTY
ARE A OVERVIEW

                                                                                                                                                                                                                                                         ARE A OVERVIEW
                                                                                                                                                                                       BALBOA FERRY | PHOTO BY BRIAN STERLING
                 Orange County is located in the Los Angeles metropolitan area. The county is known for it's tourist
                 attractions, beaches, and perfect climate.

                                                                                                                                                                                      Residents enjoy perfect climate in which
                 Orange County is bordered on the southwest by the Pacific
                                                                                                                                                                                      parks and beaches provide abundant
                 Ocean, on the north by Los Angeles County, on the northeast
                 by San Bernardino County and Riverside County, and on the                                                                                                            opportunities for outdoor activities.
                 southeast by San Diego County. The county is renowned for
                 its business climate and sunny beaches.

                 Residents enjoy a nearly perfect climate in which parks                                                                                                             Since 2011, the state has dispensed $52 million in economic
                 and beaches provide abundant opportunities for outdoor                                                                                                              development funding to 91 Orange County projects, spurring
                 activities. Orange County is home of exciting professional                                                                                                          $459 million in private investment. Sales tax revenue increased
                 sports (Anaheim Ducks and the Los Angeles of Anaheim),                                                                 HUNTINGTON BEACH PIER                        by $9.5 million since 2014 and hotel taxes have risen 18 percent
                 a wide range of tourist attractions, and quality venues for                                                                                                         over the past three years/ Employment is at an all-time low at
                 visual and performing arts. Orange County boasts a thriving                                                                                                         5%. Since 2015, more than 30 companies have begun projects
                 business economy and a well-educated work force. Orange                                                                                                             to build, expand, or relocate in Orange County, generating
                 County has the third largest population in California totaling                                                                                                      capital investment of $1.25 billion and creating 1,500 jobs.
                 three million residents. Orange County also has the second
                 highest population by density in California, behind only San                                                                                                        Additionally, Orange County companies received $1.14 billion
                 Francisco, with 3.86 thousand people per square mile. The                                                                                                           in venture capital investments in 2016 in a variety of industries
                 median household income is $75,400 for the 34 incorporated                                                                                                          including high-tech, medical devices, and energy. With its
                 cities in the county.                                                                                                                                               major international ports and airports, Orange County is
                                                                                                                                                                                     ranted 10th among U.S. metro areas for total exports.
                 Orange County is known for tourism due to its vast amount of
                 attractions and beaches. Within Orange County are attractions                                                                                                       Orange County is home to several acclaimed universities,
                 like Disneyland and Knott’s Berry Farm, which ring more than                                                                                                        including University of California, Irvine; California State
                 20 million guests each year. In addition, Orange County                                                                                                             University, Fullerton; Chapman University; Pepperdine
                 contains 40 miles of beautiful coastline from Seal Beach all                                                                                                        University; and more. Major employers include Walt Disney
                 the way down to San Clemente, another reason why more                                                                                                               Co. (30,000 employees), University of California, Irvine (23,884
                 than 47 million tourists visit Orange County each year.          LAGUNA BEACH                                          SOUTH COAST PLAZA | PHOTO BY STEVEN DAMRON   employees), St. Joseph Health (14,000 employees), and Kaiser
                                                                                                                                                                                     Permanente (8,178 employees).

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RENT ROLL
FINANCIALS

                                                                                                                                                                                                                 FINANCIALS
                                              LEASE TERM                                                      RENTAL RATES
             Tenant        Building   Lease   Lease
                                                       Begin    Increase    Monthly   Price/SF    Annually    Price/SF   Recovery Type                  Options
             Name             SF      Start    End

             The Home      178,660    Mar      Jun    Current      -       $202,258   $1.13      $2,427,096   $13.58       Absolute                  10 (5-Year)
             Depot, Inc.              2003    2025                                                                          NNN
             (Corporate                                                                                                  (Fee Simple)
             Guaranty)
                                                                                                                                          OPTION 1      $2,600,000/Year
                                                                                                                                          OPTION 2      $2,773,824/Year
                                                                                                                                          OPTION 3      $2,947,188/Year
                                                                                                                                          OPTION 4      $3,120,552/Year
                                                                                                                                          OPTION 5      $3,293,916/Year
                                                                                                                                          OPTION 6-10   Fair Market Value

                                                                                                                                         FOR FINANCING
                                                                                                                                         OPTIONS & LOAN QUOTES,
                                                                                                                                         PLEASE CONTACT:

                      $60,677,000                         $2,427,096                                  4.00%
                                                                                                                                         MICHAEL WALSETH
                                                                                                                                         EVP, Shareholder
                                                                                                                                         949.400.4261
                                                               NET OPERATING
                            LIST PRICE                                                                  CAP RATE                         michael.walseth@kidder.com
                                                                  INCOME
                                                                                                                                         LIC N° 01405081

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BRAND PROFILE                                                                                                                    PUBLIC (NYSE: HD)
                                                                                                                                              COMPANY TYPE
FINANCIALS

                                                                                                                                                                                                                           FINANCIALS
                                                                                                                                              THE HOME DEPOT, INC.
                                                                                                                                              PARENT COMPANY

                                                                                                                                              $112.1B
                                                                                                                                              ANNUAL REVENUE - TRAILING 12 MO'S - Q2 2020

                                                                                                                                              $10.97B
                                                                                                                                              NET INCOME - TRAILING 12 MO'S - Q2 2020

             The Home Depot is the world’s largest home                      STOCK PERFORMANCE PAST 5 YEARS | NYSE: HD
             improvement specialty retailer, with 2,290                                                                                       $58.7B
                                                                             300
             retail stores in all 50 states, the District of                                                                                  ASSETS - TRAILING 12 MO'S - Q2 2020

             Columbia, Puerto Rico, U.S. Virgin Islands,
             Guam, 10 Canadian provinces, and Mexico.                                               265.17 USD | July 22, 2020                +7.7%
                                                                                                                                              REVENUE GROWTH YOY - Q2 2020
                                                                             250

             In the first quarter of 2020, The Home Depot had sales of
             $28.26 billion and earnings of $2.24 billion. The company
                                                                                                                                              +80%
                                                                                                                                              ONLINE SALES GROWTH
             employs more than 400,000 associates. The Home Depot’s
                                                                             200
             stock is traded on the New York Stock Exchange (NYSE: HD)
             and is included in the Dow Jones Industrial Average and
             Standard & Poor’s 500 Index.
                                                                                                                                              +2,290
                                                                                                                                              NO. OF LOCATIONS

             Home Depot's stock price has risen 73% between March            150
             2020 and July 23, 2020 as a result of very strong Q2 earnings
             that saw revenue growth of 7.7% YOY to $112.1 billion on a
                                                                                                                                              400,000+                              HOMEDEPOT.COM
                                                                                                                                              NO. OF EMPLOYEES
             trailing 12-month basis.
                                                                             100
                                                                                    2016    2017    2018       2019       2020                                                                      REPRESENTATIVE PHOTO

30                                                                                                  OFFERING MEMORANDUM KIDDER MATHEWS   KIDDER MATHEWS OFFERING MEMORANDUM                                                31
EXCLUSIVELY LISTED BY

MICHAEL WALSETH
EVP, Shareholder
949.400.4261
michael.walseth@kidder.com
LIC N° 01405081

5 PA RK PL A Z A , SUITE 1700 | IRV INE , C A 92614   K IDDER .COM
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