VISTA ANCHOR RETAIL 960 S. SANTA FE AVE, VISTA, CA AMERICAN REAL ESTATE

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1 VISTA ANCHOR RETAIL 960 S. SANTA FE AVE, VISTA, CA 92084

2 PROPERTY OVERVIEW PRICE $3,999,000 BUILDING SIZE TAX DATA: 32,901 SF, Single-Story ACTUAL: 26,000 SF AFTER REMOVAL OF MEZZANINE FOR HIGH CEILING DISPLAY PRICE/SF TAX DATA: $ ACTUAL: $ WITHOUT MEZZANINE PROPERTY TYPE PROPERTY SUB-TYPE PROPERTY USE TYPE RETAIL ANCHOR TENANT BIG BOX FREE STANDING ANCHOR RETAIL BLDG INVESTMENT CAP RATE (If Landlord pays expenses) 8.04% PRO FORMA CAP: 9.88% CAP RATE (If Tenant pays expenses) 9.75% PRO FORMA CAP: 11.75% TENANCY SINGLE YEAR BUILT 1977, TOTAL UPGRADING IN YEAR OF 2010 LOT SIZE 2.27 AC APN/PARCEL ID

3 This Anchor Retail Space is occupied with a single tenant, which is a Department Store. Selling Price: $3,999,000 INCOME & EXPENSES Gross Leasable Area (GLA): 26,000 SF If the building owner pays the property tax and maintenance and other expenses, the CAP rate and NOI will be as below. One Tenant Occupied (26,000 SF) Acutal/SF/mo Actual Inc./yr /SF Annual Inc Pro Forma Inc./SF Pro Forma Inc./yr GROSS RENT $1.25 $15.00 $390,000 $18.00 $468,000 GROSS INCOME $390,000 $468,000 Property Tax Expense (Base of $3,999,000 x 1.125%) $44,988 $44,988 Maintenance and Other Experience 6% $23,400 $28,080 NET OPERATING INCOME $321,612 $394,932 CAP RATE 8.04% 9.88%

4 This Anchor Retail Space is occupied with a single tenant, which is a Department Store. Selling Price: $3,999,000 INCOME & EXPENSES Statements Gross Leasable Area (GLA): 26,000 SF If the tenant pays the property tax and maintenance and other expenses, the CAP rate and NOI will be increased as below. One Tenant Occupied (26,000 SF) Acutal/SF/mo Actual Inc./yr /SF Annual Inc Pro Forma Inc./SF Pro FormaInc./yr GROSS RENT $1.25 $15.00 $390,000 $18.00 $468,000 GROSS INCOME $390,000 $468,000 Property Tax Expense (Base of $,999,000 x 1.125%) $0.00 $0.00 Maintenance and Other Experience 6% $0.00 $0.00 NET OPERATING INCOME $390,000 $468,000 CAP RATE 9.75% 11.7%

5 VISTA ANCHOR RETAIL 960 S. SANTA FE AVE, VISTA, CA 92084

6 HIGHLIGHTS GREAT VISIBILITY WITH EASY INGRESS AND EGRESS HUGE PARKING LOT CONVENIENT LOCATION OFF HIGHWAY 78 EXCELLENT LOCATION AT THE INTERSECTION OF S. SANTA FE AND CIVIC CENTER DRIVE C-2 ZONING LOCATED IN SHOPPING CENTER WITH VONS, WELLS FARGO, PAYLESS SHOESOURCE ETC.

7 DESCRIPTION This Anchor Retail Space is located in a major thoroughfare in the city of Vista. Surrounded by multiple large franchises and in a large shopping center with ample parking, this Anchor Retail Space is perfect for an investor portfolio for a new NNN lease with a major Box-Store. Previously was a CVS/Sav-on, the space now currently serves as a High Volume Women s apparel and gift superstore. Buyer can use existing concept, change into their own concept, or rent for income.

8 VISTA ANCHOR RETAIL 960 S. SANTA FE AVE, VISTA, CA 92084

9 DEMOGRAPHICS 1 MILE 3 MILES 5 MILES TOTAL POPULATION 14, ,453 TOTAL NUMBER OF HOUSEHOLDS 4,361 34,386 76,707 AVERAGE HOUSE VALUE $528,393 $471,596 $456,486 AVERAGE HOUSEHOLD INCOME $67,970 $69,293 $74,869 MEDIAN AGE TOTAL PERCENT- CAUCASIAN 10,105 79, ,519 TOTAL PERCENT- AFRICAN AMERICAN 262 2,477 6,065 TOTAL PERCENT- ASIAN 401 4,103 12,555 TOTAL PERCENT- HISPANIC 6,657 46,721 90,925 The city of Vista located in North San Diego County is within proximity of Oceanside, San Marcos and Carlsbad and is surrounded by the 78 Freeway and other major freeways allowing for easy access into the beautiful city. Vista has been consistent in growth both in commercial and residential areas. Tourists have flocked to Vista due to its numerous Craft Beer breweries that make the city a true part of San Diego.

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11 JAMES KIM COMMERCIAL AGENT LICENSE: CRYSTAL LEE COMMERCIAL BROKER LICENSE: