OCEANSIDE, CA (SAN DIEGO COUNTY)

INVESTMENT OPPORTUNITY

NAVY FEDERAL CREDIT UNION NEW NNN LEASE WITH ANNUAL RENT INCREASES OCEANSIDE, CA (SAN DIEGO COUNTY)

OFFERED AT: $4,550,000 | 4.50% CAP

EXECUTIVE SUMMARY

PROPERTY INFORMATION

TENANT OVERVIEW

AREA OVERVIEW

TABLE OF CONTENTS

EXECUTIVE SUMMARY 4 Executive Summary 5 Investment Highlights 6 Lease Summary & Rent Overview 7 Lease Abstract

PROPERTY INFORMATION 9 Location Maps 10 Site Plan 11 Property Photos 12 Aerials

TENANT OVERVIEW 18 About Navy Federal Credit Union

AREA OVERVIEW 20 Oceanside Overview 21 San Diego County Overview 22 Demographics

Confidentiality Agreement & Disclosures

CAPITAL MARKETS EXPERTS

RYAN BARR | Principal 760.448.2446

rbarr@lee- Lic#01338994

RYAN BENNETT | Principal 760.448.2449

rbennett@lee- Lic#01826517

LOCAL MARKET EXPERTS

ISAAC LITTLE | Principal 760.929.7862

ilittle@lee- Lic#01702879

NAVY FEDERAL CREDIT UNION | Oceanside, CA (San Diego County) | 2

EXECUTIVE SUMMARY

NAVY FEDERAL CREDIT UNION OCEANSIDE, CA

NAVY FEDERAL CREDIT UNION | Oceanside, CA (San Diego County) | 3

EXECUTIVE SUMMARY

? Offering Summary ?

PROPERTY INFORMATION

Investment Highlights

TENANT OVERVIEW

Lease Summary & Rent Schedule

-- OFFERING SUMMARY --

INVESTMENT HIGHLIGHTS

Offering Price:

$4,550,000

Net Operating Income:

$204,720

Cap Rate:

4.50%

Price/SF:

$661

Lease Type:

NNN

Address:

Property Size: Land Size: Ownership: Year Built: Parking:

PROPERTY OVERVIEW 4180 Avenida De La Plata Oceanside, CA 92056 Approx 6,877 Sq. Ft. 1.96 Acres Fee Simple (Land & Building) 1992 (New Roof in 2018) 124 Spaces

Lee & Associates is pleased to exclusively offer for sale the fee simple interest in a Navy Federal Credit Union leased property located in Oceanside, Calfornia, in North San Diego County (the "Property"). Built in 1992, the Property consists of a 6,788-square-foot retail building that sits on an approximately 1.96-acre parcel.

The subject property is leased to Navy Federal Credit Union ("NFCU"). Navy Federal Credit Union is the world's largest credit union with more than $90 billion in assets, more than 7.8 million members, 316 branches, and a workforce of over 17,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard active duty, veterans, civilian and contractor personnel and their families.

Navy Federal Credit Union has operated at this location since 1992 (26 years) reflecting their success at this location. The tenant just renewed their lease for another 10 years, extending the term through May of 2028, reaffirming their commitment to the site. The triple-net (NNN) lease features 3% annual rent increases throughout the primary term and (2) 5-year option periods, providing an investor with a growing passive income stream.

The property is centrally situated within Oceanside's Rancho Del Oro business park, which is known for its heavy population of industrial, bio-tech and manufacturing companies. The area serves as home to some of the industry's biggest names such as Genentech, FedEx, Gilead, Hydranautics, Coca-Cola, Titleist, and many more. There are over 155,000 people residing within a 5-mile radius of the property. In addition, Navy Federal Credit Union is located just 11 miles from Interstate 5 and minutes from Highways 78 & 76 for quick access to downtown San Diego and nearby beaches.

The Property is located at the signalized hard corner intersection of Avenida De La Plata and College Blvd, offering excellent visibility to traffic counts of 36,000 cars per day. The Property is minutes from Oceanside Blvd, a major commuter/retail corridor for people traveling to nearby beach cities. Oceanside Blvd features several shopping centers and business parks with national tenants including Albertsons, Walgreens, CVS, IHOP, Del Taco, Chase Bank, Ralph's, Planet Fitness, Wells Fargo, and many more.

The subject property is located in the City of Oceanside. Perfectly situated between metropolitan San Diego and Los Angeles, Oceanside is centrally located in the heart of Southern California. Manufacturing, distribution, tourism and agriculture remain the region's top industries, but in recent years, Oceanside has become home to biotech industries that are among the area's fastest growing business sectors.

Spanning more than 125,000 acres across North Oceanside, Camp Pendleton is the largest U.S. Marine Corps Amphibious Training Base on the West Coast, and has been the largest employer in North San Diego County for more than 60 years. Camp Pendleton is home to more than 38,000 military personnel but sees a daytime population of 70,000 military and civilian personnel. The facility's Marines, Sailors and their families rely on the surrounding communities for retail goods and services not available on Base, creating an outstanding need for employment, housing and resources in neighboring Oceanside and other nearby cities.

AREA OVERVIEW

Lease Abstract

NAVY FEDERAL CREDIT UNION | Oceanside, CA (San Diego County) | 4

EXECUTIVE SUMMARY

Offering Summary

PROPERTY INFORMATION

? Investment Highlights ?

-- INVESTMENT HIGHLIGHTS --

NAVY FEDERAL CREDIT UNION ? WORLD'S LARGEST CREDIT UNION ? $90 BILLION IN ASSETS

The subject property is leased to Navy Federal Credit Union. Navy Federal Credit Union is the world's largest credit union with more than $90 billion in assets, more than 7.8 million members, 316 branches, and a workforce of over 17,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard active duty, veterans, civilian and contractor personnel and their families.

HARD CORNER SIGNALIZED INTERSECTION ? DENSE TRAFFIC COUNTS (36,000+ CARS PER DAY) ? RETAIL SYNERGY

The Property is located at the signalized hard corner intersection of Avenida De La Plata and College Blvd, offering excellent visibility to traffic counts of 36,000 cars per day. The site is blocks from Oceanside Blvd, which features busy shopping centers and office parks with national tenants including Albertsons, Walgreens, CVS, IHOP, Del Taco, Chase Bank, Ralph's, Planet Fitness, Wells Fargo, and many more.

26-YEAR OPERATING HISTORY ? RECENT 10-YEAR LEASE RENEWAL ? ANNUAL 3% RENT INCREASES

Navy Federal Credit Union has operated at this location since 1992 (26 years) reflecting their success at this location. The tenant just renewed their lease for another 10 years, extending the term through May of 2028, reaffirming their commitment to the site. The triple-net (NNN) lease features 3% annual rent increases throughout the primary term and (2) 5-year option periods, providing an investor with a growing passive income stream.

STRONG DEMOGRAPHICS ? QUICK ACCESS TO INTERSTATE 5, HWY 78 & 76 ? PROXIMITY TO BEACH CITIES There are over 155,000 people residing within a 5-mile radius of the property. In addition, Navy Federal Credit Union is located just 11 miles from Interstate 5 and minutes from Highways 78 & 76 for quick access to downtown San Diego and nearby beaches..

LOCATED IN OCEANSIDE'S RANCHO DEL ORO TECHNOLOGY PARK ? INDUSTRIAL, BIOTECH, MANUFACTURING HUB ? SURROUNDED BY NEW COMMERCIAL & RESIDENTIAL DEVELOPMENT

The property is ideally situated within Oceanside's Rancho Del Oro Technology Park, which is known for its heavy population of industrial, bio-tech and manufacturing companies. The area serves as home to some of the industry's biggest names such as Genentech, FedEx, Gilead, Hydranautics, Coca-Cola, Titleist, and many more.

The property is surrounded by dense residential development in the nearby Rancho Del Oro community, with nearly 250 townhomes and over 70 single family residences nearing completion, as well as new commercial/industrial projects underway adjacent to the subject property.

LOCATED IN THE CITY OF OCEANSIDE ? CENTRALLY LOCATED BETWEEN SAN DIEGO & LOS ANGELES COUNTIES ? HOME OF CAMP PENDLETON, NORTH SAN DIEGO COUNTY'S LARGEST EMPLOYER

Perfectly situated between metropolitan San Diego and Los Angeles, Oceanside is centrally located in the heart of Southern California. Manufacturing, distribution, tourism and agriculture remain the region's top industries, but in recent years, Oceanside has become home to biotech industries that are among the area's fastest growing business sectors.

North Oceanside is the home of Camp Pendleton, the largest U.S. Marine Corps Amphibious Training Base on the West Coast, and the largest employer in North San Diego County for more than 60 years. Camp Pendleton is home to more than 38,000 military personnel but sees a daytime population of 70,000 military and civilian personnel. The facility's Marines, Sailors and their families rely on the surrounding communities for retail goods and services not available on Base, creating an outstanding need for employment, housing and resources in neighboring Oceanside and other nearby cities.

TENANT OVERVIEW

Lease Summary & Rent Schedule

AREA OVERVIEW

Lease Abstract

NAVY FEDERAL CREDIT UNION | Oceanside, CA (San Diego County) | 5

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