OFFERING MEMORANDUM 1320 HOLIDAY LANE FAIRFIELD, CA 94534

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1 OFFERING MEMORANDUM 1320 HOLIDAY LANE FAIRFIELD, CA 94534

2 1320 HOLIDAY LANE FAIRFIELD, CA TABLE OF CONTENTS Exclusively Listed by, ALAZAR ASMAMAW E: F: C: LAINVESTORS.COM

3 INVESTMENT HIGHLIGHTS Jiffy Lube Fairfield is a 2006 constructed ±2450 square feet and 2 service bay location with a long term 20 year lease in place. Original lease has 8 years remaining with two more 5 - year options with a 10% escalation clause. PROPERTY OVERVIEW LEASE TERM 20YEARS PROPERTY SIZE ±2,450SF SERVICE BAY 2 RENEWAL OPTIONS TWO 5-Year TERM REMAINING 8YEARS 03

4 PROPERTY OVERVIEW INVESTMENT OVERVIEW AREA OVERVIEW 1320 Holiday Lane Fairfield, CA Price: $2,266, 770 Land Area (AC): 0.67 Current NOI: $147,340 Cap Rate: 6.5% Increases: 10% Every 5 Years Lease Type: NNN Lease Term: 8 years Remaining Lease expiration: May 31, 2026 Yr. Built/Renovated: 2006 Service Bays: 2 APN: TENANT OVERVIEW Address: SALES COMPARABLES PROPERTY SUMMARY 04

5 INVESTMENT SUMMARY INVESTMENT OVERVIEW Property: 1320 Holiday Lane Fairfield, CA Tenant: Jiffy Lube Operator: Broadbase, Inc Lease type: NNN Expiration Date: May 31, 2026 Lease Term: 20 Years Term Remaining: 8 Years Building SF: 4,218 Current NOI: $147,340 NOI PSF: $34.93 Renewal Options: Two 5-Year Tenant Repairs Tenant Expenses Landlord Repairs: Roof & Structure; HVAC: CAM: Parking: Taxes, Utilities and Insurance None 05

6 SCHEDULED LEASE INCREASES 1320 Holiday Lane, Fairfield, CA Year NOI CAP Growth Current $147, % June May 2031 $162, % June May 2036* $178, % June May 2041** $196, % * Denotes First Option Period ** Denotes Second Option Period INVESTMENT OVERVIEW 06

7 PROPERTY OVERVIEW AREA OVERVIEW LOCATED HALFWAY BETWEEN SAN FRANCISCO & SACRAMENTO ATTRACTION FOR BAY AREA COMMUTERS AREA OF OVER 36 MILES POPULATION OVER 100,000 SALES COMPARABLES TENANT OVERVIEW AREA OVERVIEW INVESTMENT OVERVIEW The city of Fairfield is approximately halfway between San Francisco (39 miles) and Sacramento (38 miles). It has a land area of over 36 miles and a population over 100,000. It continues to attract Bay Area commuters seeking more affordable housing and more open space. The subject property is located in the middle of Fairfield s retail corridor. Across the street is the Raley s Shopping Center and adjacent to the subject property is the Fairfield Holiday Inn. The Westfield Solano Mall and a power center are located on the opposite side of the Interstate 80 freeway. 07

8 TENANT OVERVIEW JIFFY LUBE QUICK FACTS Broadbase, Inc has been in business for over 30 years. The company is a wholly-owned subsidiary of Quin tana Corporation, a closely-held investment and management company. They currently have thirty-five service centers in operation with another operation set to open in May. FOUNDED 1971 PARENT COMPANY SHELL OIL COMPANY HEADQUARTERS HOUSTON, TX NUMBER OF LOCATIONS 2,2000+ WEBSITE Jiffy Lube is a chain of over 2,000 businesses in North America offering oil changes and other automotive services. The company is based in Houston, Texas and is a subsidiary of Shell Oil. Jiffy Lube consists of more than 2,000 franchised service centers throughout North America and Canada, serving approximately 24 million customers each year. Jiffy Lube service centers are 100% franchise-owned, independently owned and operated by 252 entity groups. The company was ranked first on National Oil and Lube News 2011 Tops in the Fast Lubes Industry Rankings. Also, Jiffy Lube was ranked number 15 in Entrepreneur Magazine s 2012 Franchise 500 and number 73 on Franchise Times 2011 Top 200 Franchise Chains by Worldwide Sales. The first Jiffy Lube store was established in Ogden, Utah by Edwin Washburn as early as Over the following years, Washburn franchised a number of Jiffy Lube centers within Utah. In 1979, James Hindman bought out all of the franchises and established Jiffy Lube International, relocating to Baltimore, Maryland. It is this year which Jiffy Lube states as its founding date. Jiffy Lube went public in 1987 and had opened 1,020 franchises and company stores by Jiffy Lube went public in 1987 and opened 1,020 franchises and company stores by In 1991, Jiffy Lube became a subsidiary of Pennzoil. Following the merger of Pennzoil and Quaker State in 1998, 581 Q Lube stores were merged into the Jiffy Lube brand.pennzoil-quaker State was ultimately purchased by Shell Oil in 2002 to form Shell Oil Products US. TENANT OVERVIEW 08

9 SALES COMPARABLES Property Name - Address Property Sale Rating Yr Built Bldg SF Vacancy Sale Date Price Price/SF Cap Rate Central Way ,400 0% 7/13/2017 $5,000,000 $1, N Texas St , % 3/31/2018 $4,700,000 $ % Travis Blvd - 7,520 0% 3/7/2018 $3,975,000 $ Central Way ,240 0% 6/2/2017 $3,423,000 $ % 5 Kwik Serv Texas St ,291 0% 2/13/2018 $2,000,000 $ N Texas St , % 11/20/2017 $1,210,000 $ Main St , % 7/26/2017 $635,000 $115-8 Taco Bell Central Pl ,344 0% 2/5/2018 $625,000 $ Texas St - 1,822 0% 10/6/2017 $610,000 $ W Texas St - 2,370 0% 10/5/2017 $605,000 $ The Car Store N Texas St - 2,640 0% 12/18/2017 $549,000 $ The Village Retail E Travis Blvd , % 9/1/2017 $245,100 $ Parker Rd ,500 0% 1/2/2018 $218,000 $ Travis Blvd - 2,220 0% 12/5/ Main St - 1,918 0% 2/6/ Texas St - 1,822 0% 10/6/ N Front St ,272 0% 10/3/ W Texas St - 4,047 0% 9/8/ Huntington Dr % 5/9/ SALES COMPARABLES 09

10 1320 HOLIDAY LANE FAIRFIELD, CA Exclusively Listed by, ALAZAR ASMAMAW E: F: C: LAINVESTORS.COM