OFFERING MEMORANDUM. 6th STREET PLAZA CAPITAL MARKETS NATIONAL RETAIL PARTNERS - WEST 1750 W. 6TH ST. CORONA, CA

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1 OFFERING MEMORANDUM 6th STREET PLAZA 1750 W. 6TH ST. CORONA, CA CAPITAL MARKETS NATIONAL RETAIL PARTNERS - WEST

2 1 I n v e s t m e n t S u m m a r y OFFERING PRICE: $8,300,000 CAP RATE: 5.66% NOI: $469,945 TOTAL BUILDING AREA: TOTAL LAND AREA: WEBSITE: ±26,962 SF ±125,004 SF (±2.87 Acres) I n v e s t m e n t H i g h l i g h t s HIGH QUALITY, SOUTHERN CALIFORNIA RETAIL CENTER High-Quality Retail Center 6th Street Plaza is a newly-renovated, 26,962 SF retail center 100% leased to a synergistic mix of national, regional and local tenants including Harbor Freight Tools, Subway, Waba Grill, and Chick- Fil-A (Pending - NAP) Industry Leading Anchor Tenant Founded in 1977, Harbor Freight Tools is the leading discount tool retailer in the U.S. with over 750 stores nationwide, 30 million customers and an S&P credit rating of BB- Excellent Co-Tenant Brands:»» Founded in 1965, Subway is the largest single-brand restaurant chain and operator in the world with over 44,000 locations around the world»» Founded in 2006, Waba Grill has grown to 160+ locations throughout Southern California and Arizona with the goal of growing to 2,000 locations nationwide by 2025»» Founded in 1946, Chick-fil-A (NAP-To Be Built) is one of the nation s largest family owned businesses with over 2,100 restaurants in 46 states and the District of Columbia Newly Renovated 6th Street Plaza was significantly renovated in 2015 with façade, landscaping, parking lot, fire sprinklers, and ADA improvements a new construction Chick-fil-A (Pending - NAP) to be built on the corner pad, further improving the overall center EXCELLENT INCOME STABILITY AND GROWTH Limited Near-Term Rollover Harbor Freight Tools has over 8 years of remaining lease term, over 10 years of remaining lease term for Smile Now Dental, and all five tenants have three (3) years or more, limiting near-term leasing responsibility and associated capital costs Strong Income Growth Through embedded rental increases the Net Operating Income is projected to grow over $86,000 (18%) during the anticipated hold period, providing an excellent hedge against inflation STRONG REAL ESTATE FUNDAMENTALS Conventional Anchor + Shops Configuration Mid-sized anchor box with efficiently sized inline shop spaces conducive to high occupancy, retenanting in the future, optimal rents and low tenant improvement costs High-Quality Renovation The quality of the property will continue to attract brand name, credit tenancy - proven by current tenants Harbor Freight, Subway, Waba Grill and Chick-fil-A (Pending - NAP) on the corner pad Ease of Access and Circulation The property benefits from being at the corner of 6th Street and Paseo Grande immediately off the State Route 91 Freeway, creating customer friendly access and traffic flow from a wide trade area High Barriers to Entry Large 2.88-acre parcel in an infill and established Corona location with a large parking field, multiple access points and frontage on both streets there are limited sites available for future developments, further enhancing the long-term value preservation at the property 6TH STREET PLAZA 1750 W. 6TH ST. CORONA, CA 2017 CBRE, Inc. All Rights Reserved

3 2 EASILY ACCESSIBLE AND ESTABLISHED RETAIL LOCATION Central Location 6th Street Plaza is centrally located along the State Route 91 Freeway (231,000 cars per day), the only east-west route between Orange County and Riverside County used heavily for commuting, commercial transport and local travel Growth Corridor State Route 91 continues to expand with the addition of express and traffic lanes between Orange County and Riverside via the 91 Project, a $1.4 billion project with lanes opening in 2017 that is forecasted to add 16,200 jobs, reduce commute times, and support traffic that is expected to grow by another 140,000 vehicles per day by 2035 Freeway Off-Ramp, Signalized Intersection 6th Street Plaza is situated at the high-traffic intersection of 6th Street and Paseo Grande, 6th Street has its own State Route 91 off-ramp and is one the primary retail and commercial thoroughfares in Corona (over 31,000 CPD) PRIDE OF OWNERSHIP PORTFOLIO ADDITION AND IDEAL 1031 EXCHANGE UPLEG High-Quality Retail Center Newly-renovated, highly-functional retail center with excellent State Route 91 Freeway accessibility in infill Corona Strong Brand Tenants Recent leases with Harbor Freight Tools, Subway, and Waba Grill, leading brands and operators in their respective retail segments Stable Income - All tenants have three (3) years or more of remaining lease term and embedded rental increases to grow cash flow over time No Existing Financing/Debt Free Available free and clear of existing financing, pay cash or obtain new financing at historically low rates, enhancing leverage cash on cash returns Established Retail Hub Synergistic surrounding tenant mix satisfies daytime and evening customer demands. Surrounding tenants on 6th Street include: Walmart Neighborhood Market, Superior Grocers, Dollar Tree, O Reilly Auto Parts, CVS, Larry H. Miller Toyota, Carl s Jr., KFC, Wells Fargo, and many other national, regional and local tenants, proving the viability of this location Residential and Industrial Density Ideally located to serve its customer base, 6th Street Plaza is within a dense residential and commercial trade area with a 616 building, ±27 million SF industrial base in Corona LOCAL MAP REGIONAL MAP AFFLUENT, MATURE INLAND EMPIRE DEMOGRAPHICS More than 20,000 people in a 1-mile radius with an Average Household Income exceeding $64,000 1 mile More than 107,000 people in a 3-mile radius with an Average Household Income exceeding $83,000 3 miles More than 193,600 people in a 5-mile radius with an Average Household Income exceeding $91,000 5 miles Strong Daytime Population - More than 89,000 employees within a 5-mile radius of the property with Corona home to corporations including Monster, Fender Guitars, Saleen, Lucas Oil, and many others N 10 miles N CAPITAL MARKET NATIONAL RETAIL PARTNERS - WEST

4 GATEWAY TOWN CENTER BUTTERFIELD STAGE SQUARE SHOPPING CENTER THE PLAZA ON SIXTH STREET SHOPPING CENTER NORCO 15 FREEWAY (±197,107 CPD) CORONA REGIONAL MEDICAL CENTER CORONA WALMART NEIGHBORHOOD MARKET 91 FREEWAY (±257,000 CPD) W 6TH ST (±31,062 CPD) PASEO GRANDE (±10,463 CPD) N

5 4 C o r o n a, C A The city of Corona is located along State Route 91 between Orange County and the Inland Empire. Approximately 45 miles southeast of Los Angeles. The city limits encompass 39.2 square miles with a population of approximately 157,847. Low cost of living coupled with a strong education system, strong workforce and upscale amenities make Corona the ideal home for many upper-middle class people starting families. New industrial development has helped to expand Corona s job market, which is now surpassing prerecession peaks. Job growth in Corona reported a 4.0% increase with employment numbers reaching 71,050 in Fiscal Year DEMOGRAPHICS: CORONA RIVERSIDE CTY 2016 Estimated Population 157,847 2,341, Projected Population 164,365 2,487, Estimated Median Age Estimated Households 46, , Projected Households 47, , Est. Average Housing Value $439,838 $346, Est. Average Household Income $96,561 $79, Prj. Average Household Income $103,933 $86,537 *Source: CBRE Location Analytics & Mapping, 2016 TOP TOURIST ATTRACTIONS Joshua Tree National Park Mountain High Ski Resort Palm Springs Aerial Tramway Snow Summit Ski Resort Bear Mountain Ski Resort Agua Caliente Casino Resort Spa Mount San Jacinto State Park Orange Empire Railway Museum Temecula Valley, Wine Region Lake Skinner Lake Arrowhead TOP RETAIL SPOTS The Promenade Moreno Valley Mall Galleria at Tyler Westfield Palm Desert Ramona Creek Auto Club Speedway San Manuel Amphitheater Splash Kingdom Waterpark Yanks Air Museum County Fair and Date Festival Palm Desert Coachella Stage Coach Humana Challenge *Source: Google Top Sights Crossings at Corona Eastvale Gateway Countryside Marketplace Desert Hill Premium Outlets *Source: Costar With an average household income of $96,561, Corona now surpasses Riverside County ($79,653). The City of Corona continues to maintain its position as the premier location for businesses looking to relocate and expand. Centrally located between Riverside and Orange counties, Corona s geographic position attracts highly educated and sought after labor force. In comparison to Orange County, the job market growth rate in Corona is more than 2% higher. This growth will continue to be fueled by more than 1.7million square feet of new industrial development, which is estimated to bring an additional 2,500 jobs in the next 18 months. Corona is home to several leading companies in aeronautics, aftermarket auto, food Processing, and R&D for medical technology, including, Airmark International, Noranco Inc., Circor Aerospace, Currie Enterprises, Eibach, Monster Energy, Amerisource Bergen, and Actavis Inc. For more Information, please visit; and R i v e r s i d e C o u n t y / I n l a n d E m p i r e With an estimated population of 2,300,000, Riverside County is the fourth-most populous county in California and the 11th-most populous in the United States. The largest region of Southern California, the Inland Empire, comprised of both Riverside and San Bernardino Counties, is one of the most significant economies in the United States. It has been rated in the top tier for various measures of growth from population and job creation to construction and office space absorption over the last decade. The Inland Empire offers a strategic West Coast location, vast amounts of available land for future growth, a highly-skilled and educated work force, a sophisticated transportation infrastructure, and access to 27 colleges and universities, including seven research institutions. The area features a changing economic landscape with emerging technological productivity, and employs an excess of 1 million people. Temecula Valley is Southern California s Wine Country. With more than 30 wineries and over hundreds of award winning wines, the wine country offers boutique and full service wine resorts. Rural in nature, sustainable in farming practices and including an agricultural preserve known as the Citrus/Vineyard zone, the Temecula Valley is widely recognized as the jewel of Riverside County. Non-store retail continues to grow in reputation as many traditional retail tenants slow in expansion, while serviced based retailers continue to seek out additional space. For more Information, please visit; Riverside_County,_California CAPITAL MARKET NATIONAL RETAIL PARTNERS - WEST

6 5 P r o p e r t y D e s c r i p t i o n LOCATION 1750 W. 6th Street Corona, CA PARKING 6th Street Plaza provides 182 parking stalls which equates to 6.75 spaces per 1,000 SF parking ratio. SITE 6th Street Plaza is located at the SEC of West 6th Street and Paseo Grande. LAND AREA 6th Street Plaza consists of one parcel (APN: ) totaling approximately 2.87 acres or 125,004 SF of land area. BUILDING AREA The subject consists of two (2) retail building totaling approximately 26,962 SF of net rentable area. FRONTAGE & ACCESS Access points into the center include one (1) entrance off West 6th Street and two(2) entrances off Paseo Grande. The site benefits from approximately 326 linear feet of frontage along West 6th Street and approximately 426 linear feet of frontage along Paseo Grande. TRAFFIC COUNTS W. 6th Street...±31,062 CPD Paseo Grande...±10,463CPD 91 Freeway...±257,000 CPD 15 Freeway... ±197,107 CPD BUILT 6th Street Plaza was built in 1964 and renovated in ZONING Per the city of Corona, the subject site is currently zoned as C3 Commercial. SITE PLAN N PARCEL MAP W 6TH ST NAP 103 N PASEO GRANDE 6TH STREET PLAZA 1750 W. 6TH ST. CORONA, CA

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8 7 T e n a n t O v e r v i e w HARBOR FREIGHT Harbor Freight Tools is a family-owned business that provides great quality tools at the lowest prices. From hand tools and generators, to air and power tools, from shop equipment to automotive tools, Harbor Freight offers more than 7,000 tools and accessories at quality levels that match or exceed competing brands, but at prices that are up to 80% less. OWNERSHIP Private LOCATIONS 750+ HEADQUARTERS Calabasas, CA SMILE NOW DENTAL Smile Now Dental is a full service dentistry that provides state-of-the-art technology and personalizes dental service to each and every patient with basic dental services and orthodontics. RED BARN RED BARN WINE & SPIRITS Red Barn Wine & Spirits has a great selection of wine, craft beers and a wide variety of other types of alcohol. OWNERSHIP Private LOCATIONS 1 HEADQUARTERS Corona, CA OWNERSHIP Private LOCATIONS 1 HEADQUARTERS Corona, CA SUBWAY Subway is the world s largest submarine sandwich chain with more than 44,000 locations around the world. They offer nutritious meals from breakfast sandwiches, salads, fresh fit choices that include low calorie meals and soups. OWNERSHIP Private LOCATIONS 44,000+ HEADQUARTERS Milford, CT WABA GRILL Waba Grill is a fast food chain restaurant that serves the best possible quality food on the go, using fruit and vegatables to enhance the flavor of their signature Waba sauce. The company uses boneless, skinless, fat-trimmed chicken and has a variety of other high quality meats that are added to their specialty plates, rice bowls or salads. Waba Grill s goal is to have 2,000 health conscience quick serve locations by OWNERSHIP Private LOCATIONS 160+ HEADQUARTERS City of Industry, CA 6TH STREET PLAZA 1750 W. 6TH ST. CORONA, CA

9 8 A s s u m p t i o n s GLOBAL AVAILABLE SPACE LEASING SECOND GENERATION LEASING Analysis Period Occupancy and Absorption Major Shops Restaurant Commencement Date October 1, 2017 Projected Available at 10/1/17 0 SF Retention Ratio 75% 75% 75% End Date September 30, 2027 Currently Available as of 7/1/17 0 SF Term 10 Years Percentage Available at 7/1/ % Financial Terms 2017 Monthly Market Rent $1.10 PSF $2.00-$2.60 PSF $2.75-$2.90 PSF Area Measures EXPENSES Rent Adjustment 10% Every 5 Yrs 3.00% Annually 3.00% Annually Building Square Feet (SF) 26,962 SF Operating Expense Source Estimates [3] Lease Term 10 Years 5 Years 5 Years Management Fee (% of EGR) 3.00% Expense Reimbursement Type NNN NNN NNN Growth Rates Real Estate Taxes Reassessed Yes [4] Consumer Price Index (CPI) 3.00% Millage Rate % Tenanting Costs Other Income Growth Rate 3.00% Special Assessments $1,029 Rent Abatements [5] Operating Expenses 3.00% New 3 Month(s) 3 Month(s) 3 Month(s) Real Estate Taxes 2.00% MARKET LOAN Renewal 0 Month(s) 0 Month(s) 0 Month(s) Market Rent Growth Initial/Original Loan Funding $4,980,000 Weighted Average 0.75 Month(s) 0.75 Month(s) 0.75 Month(s) Loan-To-Price 60.00% CY % Funding Date Oct-17 Tenant Improvements ($/SF) CY % Maturity Date Sep-27 New $25.00 PSF $15.00 PSF $60.00 PSF CY % Loan Term 10.0 Years Renewal $5.00 PSF $3.00 PSF $6.00 PSF CY % Amortization Period 30 Years Weighted Average $10.00 PSF $6.00 PSF $19.50 PSF CY % Initial Interest Only Period (If Any) 24 Months CY % Interest Rate 4.50% Commissions [6] CY % Origination Fee on Initial Loan Funding 1.00% New 6.00% 6.00% 6.00% CY % Renewal 1.20% 1.20% 1.20% CY % FINANCING Weighted Average 2.40% 2.40% 2.40% CY % For customized Debt Quotations, please contact: Bruce Francis Shaun Moothart Downtime General Vacancy Loss 5.00% [1] Lic. BK Lic New 9 Month(s) 6 Month(s) 6 Month(s) bruce.francis@cbre.com shaun.moothart@cbre.com Weighted Average 2 Month(s) 2 Month(s) 2 Month(s) CBRE Debt & Equity Finance (DEF) is a division of CBRE Inc. In the US, DEF represents [2] Capital Reserves (CY 2017 Value) $0.25 PSF approximately 300 lenders including: banks, life insurance companies, pension funds, CMBS lenders and a variety of other lending sources. DEF also acts as a correspondent for over 200 life insurance companies. The Quote above is an approximation of available terms. Notes: All market rent rates are stated on calendar-year basis. [1] General Vacancy Loss factor includes losses attributable to projected lease-up, rollover downtime, and fixturing downtime. The following tenants are excluded from this loss factor for current and option terms only: Harbor Freight, Subway and Waba Grill. [2] Capital Reserves do not inflate during the term of the analysis. [3] Operating Expenses are based on 2017 Estimates. [4] Real Estate Taxes have been reassessed at the estimated purchase price based on a millage rate of % plus special assessments of $1,029. [5] Rent Abatement includes NNN charges as well as base rent. [6] Leasing Commissions are calculated by applying 100% of the rates shown above for lease years 1-5, and 50% of the above rates for lease years 6 and beyond. Financial Information Disclaimer: You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. CAPITAL MARKET NATIONAL RETAIL PARTNERS - WEST

10 9 C a s h F l o w FISCAL YEAR 10/17-9/18 10/18-9/19 10/19-9/20 10/20-9/21 10/21-9/22 10/22-9/23 10/23-9/24 10/24-9/25 10/25-9/26 10/26-9/27 10/27-9/28 Physical Occupancy % % 98.97% 99.11% % 98.95% % % 98.08% 98.72% 97.67% [1] Overall Economic Occupancy 98.36% 98.36% 98.26% 96.41% 97.31% 96.83% 97.23% 97.21% 95.69% 97.26% 94.86% Total Operating Expenses PSF Per Year $5.40 $5.51 $5.62 $5.73 $5.86 $5.99 $6.13 $6.26 $6.41 $6.56 $6.15 [2] FY 2018 REVENUES $/SF/MO Scheduled Base Rent Gross Potential Rent $1.60 $516,114 $520,869 $526,023 $533,485 $540,120 $553,029 $562,037 $570,290 $602,523 $611,884 $633,453 Absorption & Turnover Vacancy (10,590) (8,914) 0 (8,001) 0 0 (22,611) (14,504) (23,917) Base Rent Abatements (7,314) 0 (3,045) 0 0 (8,479) 0 (14,408) Total Scheduled Base Rent , , , , , , , , , , ,128 Expense Reimbursements , , , , , , , , , , ,747 TOTAL GROSS REVENUE , , , , , , , , , , ,875 General Vacancy Loss (0.03) (10,231) (10,390) (486) (6,766) (17,777) (10,241) (19,029) (19,498) 0 (5,857) 0 EFFECTIVE GROSS REVENUE , , , , , , , , , , ,875 OPERATING EXPENSES Utilities (0.04) (13,043) (13,434) (13,837) (14,252) (14,680) (15,120) (15,574) (16,041) (16,522) (17,018) (17,529) Landscaping (0.02) (7,976) (8,215) (8,461) (8,715) (8,976) (9,246) (9,523) (9,809) (10,103) (10,406) (10,718) Management Fee (0.06) (18,464) (18,662) (18,800) (18,734) (19,258) (19,571) (20,070) (20,380) (20,965) (21,685) (21,656) Insurance (0.03) (11,153) (11,488) (11,833) (12,188) (12,553) (12,930) (13,318) (13,717) (14,129) (14,553) (14,989) Real Estate Taxes (0.29) (94,891) (96,768) (98,683) (100,636) (102,628) (104,660) (106,732) (108,846) (111,003) (113,202) (100,964) TOTAL OPERATING EXPENSES (0.45) (145,527) (148,567) (151,614) (154,525) (158,095) (161,527) (165,217) (168,793) (172,722) (176,864) (165,856) NET OPERATING INCOME , , , , , , , , , , ,019 CAPITAL COSTS Tenant Improvements (41,360) 0 (12,179) 0 0 (47,947) 0 (47,591) Leasing Commissions (14,736) 0 (6,134) 0 0 (17,083) 0 (29,029) Capital Reserves (0.02) (6,740) (6,740) (6,740) (6,740) (6,740) (6,740) (6,740) (6,740) (6,740) (6,740) (6,740) TOTAL CAPITAL COSTS (0.02) (6,740) (6,740) (6,740) (62,836) (6,740) (25,053) (6,740) (6,740) (71,770) (6,740) (83,360) OPERATING CASH FLOW $1.43 $463,205 $466,745 $468,315 $407,113 $477,104 $465,791 $497,058 $503,793 $454,340 $539,219 $472,659 6TH STREET PLAZA 1750 W. 6TH ST. CORONA, CA Financial Information Disclaimer: You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

11 10 C a s h F l o w FISCAL YEAR 10/17-9/18 10/18-9/19 10/19-9/20 10/20-9/21 10/21-9/22 10/22-9/23 10/23-9/24 10/24-9/25 10/25-9/26 10/26-9/27 10/27-9/28 ACQUISITION & RESIDUAL SALE Purchase Price ($8,300,000) All Cash Net Residual Value [3] ,699,007 IRR CASH FLOW BEFORE DEBT ($8,300,000) $463,205 $466,745 $468,315 $407,113 $477,104 $465,791 $497,058 $503,793 $454,340 $9,238, % [4] MARKET LOAN Loan Funding / Payoff 4,980, (4,223,889) Loan Fees (49,800) Leveraged Annual Debt Service 0 (224,100) (224,100) (302,795) (302,795) (302,795) (302,795) (302,795) (302,795) (302,795) (302,795) IRR CASH FLOW AFTER DEBT ($3,369,800) $239,105 $242,645 $165,520 $104,318 $174,309 $162,996 $194,263 $200,998 $151,545 $4,711, % NOI Return 5.66% 5.70% 5.72% 5.66% 5.83% 5.91% 6.07% 6.15% 6.34% 6.58% UNLEVERAGED Cash Return 5.58% 5.62% 5.64% 4.90% 5.75% 5.61% 5.99% 6.07% 5.47% 6.50% LEVERAGED Cash Return [5] 7.30% 7.40% 5.11% 4.96% 5.37% 5.58% 5.96% 6.16% 6.63% 7.22% Rolling - All Cash IRR N/M 0.39% 1.88% 3.35% 4.13% 4.78% 5.12% 5.54% 5.87% 6.04% Rolling - Leveraged IRR N/M N/M N/M 1.10% 3.22% 4.92% 5.79% 6.80% 7.52% 7.88% [1] This figure takes into account vacancy/credit loss, absorption vacancy, turnover vacancy, and base rent abatements. [2] Based on 26,962 square feet. [3] Net Residual Value is calculated by dividing Year 11 NOI by the Residual Cap Rate of 6.20% and applying a 3.00% Cost of Sale. [4] Market Debt based on 60% Loan-to-Value, 4.50% Interest Rate, 30-Year Amortization, 24 Months Interest Only and 1.00% Loan Fee. [5] Leveraged Cash Return is based on NOI less debt service divided by equity including costs to stabilize. Financial Information Disclaimer: You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK. CAPITAL MARKET NATIONAL RETAIL PARTNERS - WEST

12 11 R e n t R o l l SUITE TENANT NAME SQUARE FEET % OF PROPERTY LEASE TERM RENTAL RATES BEGIN END BEGIN MONTHLY PSF ANNUALLY PSF RECOVERY TYPE MARKET ASSUMPTION / MARKET RENT 101 Harbor Freight 18, % Oct-2015 Sep-2025 Current $19,800 $1.10 $237,600 $13.20 NNN (No Mgmt) Option +4% BR (P13) $1.10 NNN (Major) Notes: T has 1-time right to terminate eff 66th mo of term with notice by the 60th mo and fee. 5% cap on expenses (assumed not hitting, not modeled). Management Fee NTE 4% BR. P13 Protection on increase due to sale (modeled). Four (4) - five (5) year options at $21,780/mo; $23,955/mo; $26,355/mo; and $28,995/mo, respectively (modeled below). Oct-2025 Sep-2045 FUTURE $21,780 $1.21 $261,360 $14.52 NNN (No Mgmt) Market OPTION Oct-2030 $23,955 $1.33 $287,460 $ % BR (P13) $1.10 NNN (Major) Oct-2035 $26,355 $1.46 $316,260 $17.57 Oct-2040 $28,995 $1.61 $347,940 $19.33 Notes: Assumes tenant exercises four (4) - five (5) year options with no leasing costs. 100 Smile Now Dental 4, % Feb-2014 Aug-2027 Current $10,797 $2.60 $129,567 $31.21 NNN (No Mgmt) Market ASSUMED Feb-2018 $11,014 $2.65 $132,168 $ % BR $2.60 NNN (Shops) Feb-2019 $11,232 $2.71 $134,783 $32.47 Feb-2020 $11,457 $2.76 $137,481 $33.12 Feb-2021 $11,689 $2.82 $140,262 $33.79 Feb-2022 $11,920 $2.87 $143,043 $34.46 Feb-2023 $12,159 $2.93 $145,908 $35.15 Feb-2024 $12,401 $2.99 $148,813 $35.85 Feb-2025 $12,650 $3.05 $151,802 $36.57 Feb-2026 $12,903 $3.11 $154,832 $37.30 Feb-2027 $13,162 $3.17 $157,946 $38.05 Notes: Current lease expires 8/20. Assumes tenant extends term for seven (7) years at continued 2% CPI increases. Tenant has annual CPI rent increases every February. Analysis assumes 2% CPI increases. Current rent includes assumed 2% increase in 2016 and $0.40/sf/mo cap on operating expenses, less taxes (not hitting, not modeled). 101 Red Barn Liquor 1, % Dec-2015 Nov-2022 Current $3,400 $2.00 $40,800 $24.00 NNN (No Mgmt) Market +5% BR (P13) $2.00 NNN (Shops) Notes: Three (3) - five (5) year options at 10% increases. Tenant has prop 13 for taxes that are reassessed on a value greater than $7,500,000 (hitting, modeled). 102 Subway 1, % Mar-2016 Feb-2021 Current $3,960 $2.75 $47,520 $33.00 NNN (No Mgmt) Market Mar-2018 $4,039 $2.81 $48,470 $33.66 $2.75 NNN (Restaurant) Mar-2019 $4,120 $2.86 $49,435 $34.33 Mar-2020 $4,202 $2.92 $50,429 $35.02 Notes: If building is not 75% occupied, tenant may continue to operate and pay reduced rent or shall not be responsible for paying rent until building is 75% occupied. 5% cap on expenses excluding tax and insurance (assumed not hitting, not modeled). 103 Waba Grill 1, % Aug-2015 Jul-2020 Current $4,846 $2.90 $58,151 $34.80 NNN (No Mgmt) Market Aug-2018 $4,943 $2.96 $59,321 $ %BR (Waba CAP) $2.90 NNN (Restaurant) Aug-2019 $5,042 $3.02 $60,507 $36.21 Notes: Tenant has annual CPI rent increases commencing 8/18. Analysis assumes 2% annual CPI increases. Two (2) - five (5) year options at 5% increases over prior rent with CPI increases thereafter. $0.45/sf/mo cap on operating expenses (modeled). TOTALS / AVERAGES 26,962 $42,803 $1.59 $513,638 $19.05 OCCUPIED SF 26, % AVAILABLE SF 0 0.0% TOTAL SF 26, % 6TH STREET PLAZA 1750 W. 6TH ST. CORONA, CA Financial Information Disclaimer: You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

13 N PASEO GRANDE (±10,463 CPD) (NAP) W 6TH ST (±31,062 CPD)

14 E x c l u s i v e l y M a r k e t e d B y : NRP-WEST JOHN READ Lic john.read@cbre.com JIMMY SLUSHER Lic jimmy.slusher@cbre.com SEAN HEITZLER Lic sean.heitzler@cbre.com LEE & ASSOCIATES NICK WIRICK Lic nwirick@leeriverside.com CBRE-Newport Beach 3501 Jamboree Rd., Ste 100 Newport Beach, CA F NRP-WEST TEAM Philip Voorhees (Lead) Preston Fetrow Kirk Brummer John Read Jimmy Slusher Megan Wood For all of our available listings, please visit: Matt Burson James Tyrrell Sean Heitzler AFFILIATED BUSINESS DISCLOSURE CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an Affiliate ) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the Property ), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s). CONFIDENTIALITY AGREEMENT Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property ( Owner ) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc. DISCLAIMER This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented as is without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the Property of their respective owners.