Leased Multi-Tenant Retail Investment 2920 Main Street Susanville, CA Lassen County

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1 Gil Saydah, Partner 1355 N Dutton Ave. Santa Rosa, CA (707) Fax: (707) Lic. #: GSaydah@KeeganCoppin.com Rocky Joy, Broker Jonathan O Sullivan CA license , Main Street Realty Group 2360 Main Street Susanville, CA or

2 EXECUTIVE SUMMARY and Main Street Realty Group are pleased to present the opportunity to acquire a premiere multi-tenant retail investment in Susanville, CA. This property is strategically located in the commercial and cultural center of the county seat, Lassen County, in northeastern California. The property currently has three tenants occupying 4,723± of the total 6,500± rentable square feet. There is currently a single vacancy. The spaces range in size from 1,242± rsf - 1,826± rsf. The building was built in 1997 and is professionally maintained and in excellent condition. The 1.38± acre (60,113± sf) parcel is zoned C-2 (Shopping Center). The City of Susanville has indicated a willingness to favorably consider an increase of the rentable area of the property by as much as 3,000± sf in an attached or separate structure. Think coffee shop or drive-thru!

3 FINANCIAL FACTS LOCATION Susanville, CA - Lassen County BUILDING SQUARE FEET 6,500±* - Single Story CURRENT OCCUPANCY 3 Tenants Occupy 73% of Total Space LEASE EXPIRATION Various Lease Terms-Staggered Expirations ASKING PRICE $880,000 PRICE PER SQ. FT. $135± CURRENT CAP RATE 4.4% PROFORMA CAP RATE 8.9% * Expandable - See Executive Summary

4 PROPERTY DESCRIPTION SITE AREA 1.38± Acres (60,113± sf) RETAIL RENTABLE AREA 6,500± rsf with four spaces - Single-story. Spaces range in size from 1,242± - 1,826± rentable square feet. FOUNDATION Slab EXTERIOR WALLS Concrete block ROOFING Built-up ZONING C-2 (Shopping Center) YEAR OF CONSTRUCTION 1997 PARKING/LANDSCAPING 7:1,000 PARCEL MAP

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6 THE OPPORTUNITY Value add investment opportunity Single-story retail building73% leased to multiple retail tenants - Various lease terms - staggered Exceptional property in a limited market Upside potential - Below market rents 85 miles northwest of Reno & 100 Miles due east of Red Bluff Great visibility and accessibility Easy access to Highway 36 INVESTMENT HIGHLIGHTS Multi-Tenant Occupancy. 73% leased. The building currently has 3 tenants ranging in size from 1,242± - 1,826± rsf. Investment Opportunity. The existing leases offer the flexibility to increase rental rates to market and stabilize the investment, with staggered lease terms. The offering presents upside potential through restructuring the in-place leases upon their expiration. Increasing Retail Market Demand. The site is strategically located at the entrance to a Wal-Mart center fronting State Highway 36 just north of the intersection of U.S. Highway 395. Tourist traffic is substantial along this highway, with 18,500± ADT daily. NEARBY TENANTS INCLUDE: WalMart Safeway Rite Aid Taco Bell Jack-in-the-Box Payless Shoe Source McDonald s Radio Shack AAA Owens Healthcare Advance America Cash Advance

7 FLOOR PLAN A B C D

8 2016 INCOME AND EXPENSE SUMMARY Lease Type: Gross TENANT A. Owens Healthcare B. Advance America Cash Advance AREA SF Rentable RENT PSF NNN 1,242 $1.05 1,826 $1.10 MONTHLY RENT (NNN) $1,306 $2,000 LEASE PERIOD 4/1/13-9/30/19 4/1/03-3/31/18 INS./ TAXES OTHER UTIL. T = Tenant / O = Owner O O T 3% / year O O T - C. Vacant 1, RENT ESC. EXT. OPTION (1) 3 market then 3% annual (1) 3 3% annual increases - D. AAA 1,655 $1.08 $1,780 9/1/04-8/31/19 O O T 5% 9/1/17 (2) market, then 3% second year TOTAL 6,500 $5,086 Total Annual Gross Income: (Current Occupancy) $61,032 Add Tenant Reimbursements $15,941 Total Annual Adjusted Gross Income: (Actual Occupancy) $76,973 Expenses*: Operating expenses are partially covered by a monthly charge to tenant in addition to rent Taxes $8,317 Insurance $1,432 *Utilities (Reimbursed) $15,941 Maintenance $8,736 Misc. $2,000 Replacement Reserves (3% adj gross inc.) $1,830 Total Annual Operating Expenses: Net Operating Income Cap Rate *Figures are Broker's best estimate, based upon information supplied by Seller. Not guaranteed by Broker. $38,256 $38, %

9 PROFORMA INCOME AND EXPENSE SUMMARY Total Projected for 2018 Lease Type: NNN TENANT AREA SF Rentable RENT PSF NNN NNN MONTHLY RENT (Net) INS./ TAXES OTHER UTIL. T = Tenant / O = Owner RENT ESC. EXT. OPTION A. Owens Healthcare 1,242 $1.08 $1,345 T T T TBD B. Advance America Cash Advance 1,826 $1.12 $2,040 T T T TBD C. To be Leased 1,777 $1.10 $1,955 T T T TBD D. AAA 1,655 $1.13 $1,869 T T T TBD TOTAL 6,500 $7,209 Scheduled Rents (fully occupied) ($1.11/sf NNN avg.) $86,508 Less Vacancy Factor: (5% gross income) ($4,325) Add Tenant Reimbursements $40,060 Adjusted Gross Income: $122,243 Expenses: Reimbursable Expenses (by charge to tenant in addition to rent. Estimate: $0.53/sf/month) Taxes $10,560 Insurance $1,500 Utilities $16,000 Janitorial/Maintenance $9,000 Common Area $3,000 Total Reimbursed Expenses $40,060 Replacement Reserves (5% adj gross inc.) $4,109 Total Expenses $44,169 Net Operating Income $78,074 Cap Rate 8.9%

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13 LOCATION 2920 Main Street is strategically located at the entrance to a Wal-Mart center fronting State Highway 36 just north of the intersection of U.S. Highway 395. Highway 395 is the major north-south highway along the eastern slope of the Sierras and the Cascades extending from Los Angeles to Canada. Tourist traffic is substantial along this highway. Susanville is the county seat of Lassen County (population approximately 36,000) in northeastern California. It is the commercial and cultural center of the entire county and is located approximately 85 miles northwest of Reno, NV and approximately 100 miles due east of Red Bluff, CA. SUSANVILLE The count seat of Lassen County, Susanville is located on the Susan River in the southern part of the county, at an elevation of 4,186 feet. California Correctional Center. High Desert State Prison, a maximum-security facility, opened in 1995; the California Correctional Center, a minimum-medium security facility, opened in Throughout Susanville history agriculture and ranching have always played a prominent role, contributing to both the economy and its rural atmosphere. The clean environment and easy access to outdoor recreation make it attractive to both visitors and residents. This site boasts demographics of over 12,390 residents within a three-mile radius with an average household income of $66,215. Susanville population was 17,974 at the 2010 census, up from 13,541 at the 2000 census. With the array of options and positive outlook for the future, Susanville is an excellent location to consider. LASSEN COUNTY Lassen County is an outdoor paradise, where the beautiful Sierra Nevada and Cascade mountains meet the desert of the Great Basin. The beautiful high desert areas of the county attract off-road vehicles and horseback riders, water skiers and fishing enthusiasts. The winter season provides access to outstanding skiing areas, and snowshoe hikes in Lassen Volcanic National Park and Lassen National Forest. With easily accessible location and attractive rental rates, Susanville is positioned to attract value-conscious tenants.

14 DISCLAIMER This property is being offered on an as-is basis. While the Broker believes the information in this brochure to be accurate, no warranty or representation is made as to its accuracy or completeness. Interested parties should conduct independent investigations and reach conclusions without reliance on materials contained in this brochure. The property owner requests that you do not disturb the Tenants and due to the sensitive nature of their work, the property will only be shown in coordination with the Listing Agent. This brochure is presented under the terms and conditions of the Confidentiality Agreement. As such, the material contained in this brochure is confidential and is provided solely for the purpose of considering the purchase of the property described herein. Rent Roll available upon request with execution of a Confidentiality Agreement. Offers should be presented to the agents for the property owner, Gil Saydah, of Company, Inc. or Rocky Joy & Jonathan O Sullivan, Main Street Realty Group. Prospective buyers are encouraged to provide buyer s background, source of funds and any other information that would indicate their ability to complete the transaction smoothly. Any questions or requests to tour the property should be addressed to: Gil Saydah BRE# Company, Inc. (707) GSaydah@KeeganCoppin.com 1355 N. Dutton Ave Santa Rosa, CA Rocky T. Joy, Broker BRE# (530) Jonathan O Sullivan BRE# (530) MAIN STREET REALTY GROUP 2360 Main Street Susanville, CA 96130