1PABLO RODRIGUEZ 760.610.3147 | STEVE LYLE 760.578.9927CONFIDENTIAL OFFERING MEMORANDUM

STEVE LYLE

760.578.9927CA DRE #00762911STEVELYLE@CBCLYLE.NET

PABLO RODRIGUEZ

760.610.3147CA DRE #01870757PABLO@CBCLYLE.NET

RETAIL PROPERTY FOR SALE247-278 NORTH SANDERSON AVENUE HEMET, CA 92545

PRESENTED BY

CALDRE 01462012

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EXECUTIVE SUMMARY

OFFERING SUMMARY

Sale Price: $5,500,000

Cap Rate: 6.99%

Year 1 NOI: $384,448

Price / SF: $249.92

Lot Size: 1.97 Acres

Year Built: 2006

Building Size: 22,007 SF

Zoning: C2

Traffic Count: 29,000 CPD

PROPERTY OVERVIEW

Winston Plaza provides an investor a great opportunity with significant upside. The subject property is a well-po-sitioned investment situated in one of the fastest growing submarkets in the Inland Empire. This investment opportunity allows an investor to collect competitive cash flow while stabilizing the asset.

LOCATION OVERVIEW

Winston Plaza is located within the primary retail corridor of east and west transportation in Hemet, at the intersection of Sanderson and Devonshire Avenues, in close proximity to Highway 74. The investment is be-tween the cities of Hemet and San Jacinto with traffic counts of approximately 29,000 cars per day. Hemet is easily accessible from Interstates 215, 15 and 10. Hemet is a city in the San Jacinto Valley of Riverside County, California. In 2017, the city had a population count of 160,128 people. It is estimated that the population will be 174,367 people five years from now, which represents an increase of 8.89 percent from the current year. Some of the major employ-ers are Hemet Unified School District, Valley Health System, Walmart and Deutsch Industrial.

3PABLO RODRIGUEZ 760.610.3147 | STEVE LYLE 760.578.9927CONFIDENTIAL OFFERING MEMORANDUM

SALE HIGHLIGHTS

• Multi-tenant neighborhood shopping center located on major arterials in Hemet, California (South River-side County).

• Strong cash flow of over six percent on current occupancy.

• Three buildings with over 300 feet of frontage on Sanderson Avenue and Devonshire Avenue with multiple ingress and egress points.

• Current rent roll consists of service oriented and inter-net-resistant businesses, including restaurants and medical.

• Well-maintained and newer-construction -- built in 2006.

• Situated at signalized intersection of Devonshire and Sanderson which features 29,000 vehicles per day.

• Current tenants are on triple net leases with annual increases.

• Growing trade area with over 160,218 people in desirable West Hemet area, which is near many anchored shopping centers and national credit tenants, including Home Depot and LA Fitness.

HIGHLIGHTS

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RETAILER MAP

5PABLO RODRIGUEZ 760.610.3147 | STEVE LYLE 760.578.9927CONFIDENTIAL OFFERING MEMORANDUM

LOCATION MAPS

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ADDITIONAL PHOTOS

7PABLO RODRIGUEZ 760.610.3147 | STEVE LYLE 760.578.9927CONFIDENTIAL OFFERING MEMORANDUM

ADDITIONAL PHOTOS

8COLDWELL BANKER COMMERCIAL | WWW.CBCLYLE.COM | RETAILCONFIDENTIAL OFFERING MEMORANDUM

ADDITIONAL PHOTOS

9PABLO RODRIGUEZ 760.610.3147 | STEVE LYLE 760.578.9927CONFIDENTIAL OFFERING MEMORANDUM

ADDITIONAL PHOTOS

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SITE PLAN

SUITE 2711,260 SF

SUITE 2691,230 SF

SUITE 2671,500 SF

SUITE 2631,500 SF

SUITE 2591,920 SF

SUITE 255 1,500 SF

SUITE 2511,400 SF

SUITE 2491,042 SF

SUITE 2471,436 SF

SUITE 2812,880 SF

SUITE 275A1,600 SF

SUITE243

1,109 SF

SUITE235

1,300SF

SUITE239

1,200SF

SUITE 275B

1,130 SF

SUITE TENANT SIZE235 SUBWAY 1,300 SF

239 DENTIST 1,200 SF

243 INSURANCE 1,109 SF

247 DREAM SPA 1,436 SF

249 LEASE PENDING 1,042 SF

251 NAIL SALON 1,400 SF

255 HAIR SALON 1,500 SF

259 MARKET 1,920 SF

263 NANAMI SUSHI 1,500 SF

267 DRY CLEANERS 1,500 SF

269 LEASE PENDING 1,230 SF

271 LEASE PENDING 1,260 SF

275A WABA GRILL 1,600 SF

275B LEASE PENDING 1,130 SF

281 COJITAS MEXICAN FOOD 2,880 SF

11PABLO RODRIGUEZ 760.610.3147 | STEVE LYLE 760.578.9927CONFIDENTIAL OFFERING MEMORANDUM

INCOME & EXPENSES

FINANCIAL OVERVIEW CURRENT PER SF

Occupied Space $412,353 $18.74

Expense Reimbursement $145,738 $6.62

Vacancy Factor* ($27,905) ($1.27)

Effective Gross Income $530,187 $24.09

Total Expenses ($145,738) ($6.72)

Net Operating Income $384,336 $17.47

EXPENSE SUMMARY CURRENT PER SF

Property Taxes** $62,314 $2.83

Insurance $1,500 $0.07

Management Fees $16,200 $0.74

Common Area Maintenance

- Porter Service $20,700 $0.94

-Alarm Repair and Service $2,064 $0.09

-Landscaping Repair and Maintenance $6,600 $0.30

-HVAC Repairs and Maintenance $2,400 $0.11

-Trash and Waste Removal $16,200 $0.74

-Electric $4,200 $0.19

-Water and Sewer $12,300 $0.56

-Telephone and Internet $1,260 $0.06

Total Expenses $145,738 $6.62

*Vacancy Factor is 5% of Occupied Space plus Expense Reimbursement.

** Property Taxes are calculated as 1.12689% of the purchase price plus $335.46 in direct assessments.

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Subway 235 1,300 5/1/2005 11/30/2020 $29,472 $8,742 5.91 2-Five Yr $22.67

Sunshine Dental 239 1,200 9/1/2009 02/29/2020 $24,624 $8,070 5.45 2-Two Yr $20.52

Aguayo Insurance 243 1,109 1/1/2017 12/31/2020 $16,635 $7,458 5.04 1-Three Yr $15.00

Dream Spa 247 1,436 6/1/2017 5/31/2020 $24,600 $9,657 6.53 1-Two Yr $17.13

Lease Pending 249 1,042 - - $18,756 $7,007 4.73 TBD $18.00

Annie’s Nails 251 1,400 5/1/2016 04/30/2019 $25,836 $9,415 6.36 1-Three Yr $18.45

Celebrity Hair Salon 255 1,500 2/1/2011 1/31/20219 $27,540 $10,087 6.82 None $18.36

Paradise Market 259 1,920 2/1/2016 1/31/2026 $54,264 $12,912 8.72 2-Five Yr $28.26

Nanami Sushi 263 1,500 2/1/2018 1/31/2021 $26,100 $10,087 6.82 2-Three Yr $17.40

Cleaners 267 1,500 12/1/2012 11/30/2018 $22,500 $10,087 6.82 None $15.00

Lease Pending 269 1,230 - - $22,140 $8,271 5.59 TBD $18.00

Lease Pending 271 1,260 - - $19,464 $8,473 5.73 TBD $15.45

Waba Grill 275A 1,600 8/1/2018 1/31/2029 $28,800 $10,760 7.27 2-Five Yr $18.00

Lease Pending 275B 1,130 - - $27,730 $7,599 5.13 TBD $21.00

Cotijas Taco Shop 281 2,880 1/1/2016 12/31/2021 $47,892 $19,367 13.09 1-Five Yr $16.63

Totals / Averages 22,007 $412,353 $147,992 $18.66

TENANTNAME

UNITNUMBER

UNITSIZE (SF)

LEASESTART

LEASE END

ANNUALRENT

NNNCHARGES

% OFGLA

PRICEPER SF/YR

RENT ROLL

OPTIONS

13PABLO RODRIGUEZ 760.610.3147 | STEVE LYLE 760.578.9927CONFIDENTIAL OFFERING MEMORANDUM

DEMOGRAPHICS MAP

POPULATION 1 MILE 3 MILES 5 MILESTotal population 8,603 66,648 135,719Median age 50.0 40.7 36.7Median age (male) 46.6 38.9 35.4Median age (Female) 52.3 43.3 38.5

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILESTotal households 4,113 26,591 48,805# of persons per HH 2.1 2.5 2.8Average HH income $43,984 $45,309 $47,917Average house value $163,821 $144,988 $187,127

ETHNICITY (%) 1 MILE 3 MILES 5 MILESHispanic 28.9% 36.8% 42.2%

RACE (%)White 77.9% 70.4% 66.7%Black 4.7% 4.7% 4.3%Asian 2.1% 2.6% 2.7%Hawaiian 0.0% 0.6% 0.5%American Indian 2.3% 2.4% 1.8%Other 8.3% 15.3% 19.5%

* Demographic data derived from 2010 US Census