NEW DEVELOPMENT ANCHORED BY: HOOK

OFFERING MEMORANDUM

Shoppes at CORONA VISTA - PAD 1

924 E ONTARIO AVE CORONA, CA 92881 NEW DEVELOPMENT ANCHORED BY:

HOOK

RETAIL ADVISORS

EXCLUSIVELY MARKETED BY:

Scott Hook, SENIOR VICE PRESIDENT

(O) 949.419.3224 | (M) 949.290.8884 scott.hook@

Lic# 00914392

19800 MACARTHUR BLVD SUITE 150 IRVINE, CA 92612 949.419.3200 WWW.

The information contained in the following offering memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be made available to any other person or entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the offering memorandum. If you have no interest in the subject property at this time, please return this offering memorandum to Marcus & Millichap.

This offering memorandum has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminar y level of interest in the subject proper ty. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or 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, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this offering memorandum has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE MARCUS & MILLICHAP AGENT FOR MORE DETAILS.

TABLE OF CONTENTS:

INVESTMENT OVERVIEW

Investment Summary Property Information Aerial View With Site Plan Rent Roll

Admin Fee/Property Management Fee/Reserves Tenant Overview

PROPERTY OVERVIEW

Property Overview Property Images Map Aerial Images Site Plan Parcel Map

COMPETITIVE PROPERTY SET

Sales Comparables Sales Comparables Graph

AREA OVERVIEW

Area Overview Demographics

INVESTMENT OVERVIEW

Investment Summary Financial Overview Financial Analysis

Aerial View With Site Plan Rent Roll

Admin Fee/Property Management Fee/Reserves Tenant Overview

INVESTMENT SUMMARY

Corona is "Orange County Adjacent" and considered the #1 City in Riverside County. Anchored by Smart n Final Extra!, plus (2) Three National/Regional Brand tenant buildings.

Premium Southern California "Infill" Inland Empire Location. Long term leases (7-10 years) with attractive rental escalations. High Income Neighborhood - $92,000+ Average Household Income. Strategically Located with convenient access to 91 & 15 Freeways and centered within an estimated 12,000 home division. Positioned on Ontario Avenue, Corona's premier retail corridor with virtually zero vacancy. Over 29 Million SF Industrial and 3.5 Million SF Office in Corona. Three Large High Schools within 1 Mile from Subject (?7,698 students).

4 19800 MACARTHUR BOULEVARD, SUITE 150 | IRVINE, CA //

FINANCIAL OVERVIEW

924 E. ONTARIO AVE. - PAD 1

Sale Price: NOI: GLA: Price/SF: Cap Rate: Land SF: APN: Year Built:

$5,595,000 $280,322 5,600 SF $999 5.0% 42,830 SF 120-520-025-7 2018

5 19800 MACARTHUR BOULEVARD, SUITE 150 | IRVINE, CA //

PAD 1 (5,600 SF)

DUNKIN DONUTS CORPORATE DRIVETHRU SUPERCUTS CORPORATE STORE MOD PIZZA CORPORATE STORE

Scheduled NNN Rent Estimated NNN Reimbursments Estimated Administration Fees Total Estimated Income Less Expenses NOI Value @ 5.00% CAP

Notes:

Admin Fee:

TERM 10 YEARS 7 YEARS 10 YEARS

$272,670 $80,640 $7,652 $360,962 $80,640 $280,322 $5,595,000

ESCALATIONS 12% / 5 YEARS 3% / ANNUAL 10% / 5 YEARS

10% of all building; operating expenses and property taxes & insurance. Exception is Supercuts (only building; operating expense)

6 19800 MACARTHUR BOULEVARD, SUITE 150 | IRVINE, CA //

AERIAL VIEW WITH SITE PLAN

Crossroads Church (Future High School

Campus)

PAD 1

26,102 SF

Future Residential

7 19800 MACARTHUR BOULEVARD, SUITE 150 | IRVINE, CA //

RENT ROLL - PAD 1

PAD 1

TENANT

GLA % OF GLA INITIAL TERM ANNUAL RENT MONTHLY RENT RENT/SF ESCALATIONS AMOUNT OPTIONS LEASE TYPE

Dunkin Donuts

1,950

36%

10 Years

$105,300

$8,775

$4.50 Every 5 Years 12%

2x5

NNN

Supercuts 1,050

18%

7 Years

$47,250

$3,938

$3.75

Annual

3%

2x5

NNN

MOD Pizza 2,600

46%

PAD 1 TOTAL 5,600 100%

10 Years

$120,120

$272,670

$10,010

$22,723

$3.85 Every 5 Years 10%

$4.05

2x5

NNN

8 19800 MACARTHUR BOULEVARD, SUITE 150 | IRVINE, CA //

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