DUAL GROCERY-ANCHORED COMMUNITY SHOPPING CENTER IN SAN DIEGO (CHULA VISTA), CA

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1 DUAL GROCERY-ANCHORED COMMUNITY SHOPPING CENTER IN SAN DIEGO (CHULA VISTA), CA

2 GATEWAY MARKETPLACE THE OPPORTUNITY HFF has been exclusively retained by Ownership to offer qualified investors the exciting opportunity to acquire Gateway Marketplace (the Property ), a 127,861 SF dual grocery anchored shopping center in the city of Chula Vista in San Diego County, California. The newly redeveloped center is 98.7% leased, on a long term basis, to an assortment of nationally renowned credit tenants providing investors a high level of income security. Additionally, the Property is strategically located at the heart of Chula Vista s retail core on the highly trafficked intersection of 4th & C Street, exposing the Property to over 43,400 vehicles on a daily basis. The Property also benefits from the neighboring national tenants including: Walmart, Best Buy, CVS Pharmacy, Ross, Petco, and Old Navy. PROPERTY SUMMARY ADDRESS: RENTABLE BUILDING AREA: PERCENT LEASED: 98.7% 40 N 4th Avenue Chula Vista, California ,861 SF YEAR BUILT: 1997 / Renov ACRES: 9.95 AC YEAR 1 NOI: $2,362,090 PARKING: 540 Spaces (4.22 : 1,000 SF) NOTABLE TENANTS TENANT SF GLA LEASE EXP. OVER 94% OF THE PROPERTY IS LEASED TO NATIONAL CREDIT TENANTS HOBBY LOBBY 50, % September-26 SMART & FINAL 32, % August-31 ALDI 18, % July-31 PARTY CITY 14, % January-27 MATTRESS FIRM 4, % May-27 2

3 DEMOGRAPHICS: PACIFIC OCEAN HOTEL DEL CORONADO CORONADO BRIDGE DOWNTOWN SAN DIEGO MISSION BAY 1-MILE RADIUS 3-MILE RADIUS 5-MILE RADIUS 2016 POPULATION: 26, , ,895 POPULATION GROWTH ( ): 4.2% 4.4% 4.1% HOUSEHOLDS: 9,619 52, ,241 HOUSEHOLD GROWTH ( ): 4.7% 4.8% 4.6% AVERAGE HOUSEHOLD INCOME: $54,283 $59,454 $65,590 SAN DIEGO BAY SAN DIEGO NAVAL BASE Source: The Nielsen Company 245,200 ADT 160,600 ADT SOUTHBAY MARKETPLACE SWEETWATER RIVER NATIONAL CITY SOUTHBAY MARKETPLACE HIGHLAND AVE. NATIONAL CITY GOLF COURSE 154,500 ADT CHULA VISTA Population: 250,000 C ST. 8,700 ADT N 4TH AVE. 34,700 ADT 3

4 GATEWAY MARKETPLACE INVESTMENT HIGHLIGHTS EXTREMELY SECURE INCOME STREAM Over 94% of the GLA is leased to nationally recognized credit tenants such as Smart & Final, Aldi, Hobby Lobby, Party City and Mattress Firm. Additionally, the Property has a weighted average lease term remaining of 11.6 years and 93% of the income stream has ±10 years or more of remaining lease term. DUAL GROCERY ANCHORS The rare dual grocery anchors, Smart & Final and Aldi, provide a recession resistant daily needs draw to the Property. Smart & Final and Aldi both have 14+ years of term remaining and Aldi is on a ground lease with below market rent providing embedded value and downside protection. HIGHLY VISIBLE, REGIONAL LOCATION, WITH EXCELLENT ACCESSIBILITY Gateway Marketplace is strategically located at the highly trafficked intersection of 4th Street (+34,700 ADT) & C Street (+8,700 ADT) and provides direct east and westbound access to the South Bay Freeway (+146,500 ADT). Gateway Marketplace is located at the regional retail hub of Chula Vista, CA. 4

5 NEWLY DEVELOPED SHOPPING CENTER WITH BEST-IN-CLASS DESIGN Constructed with the highest quality materials and premier designs, Gateway Marketplace is the most desirable property in the trade area. The new construction limits the need for future capital expenditures by new ownership. REGIONAL SOUTH SAN DIEGO COUNTY LOCATION Situated in the northwestern portion of Chula Vista between Interstate 5 (+160,600 ADT) and Interstate 805 (+245,200 ADT), Gateway Marketplace serves a highly desirable trade area proximate to the Pacific Ocean (less than ½ mile) and Downtown San Diego (less than 7 miles). DENSELY POPULATED, URBAN SOUTHERN CALIFORNIA TRADE AREA ENSURES CUSTOMER TRAFFIC AND LIMITS COMPETITION Given the 171,800 surrounding residents located within a 3-mile radius of the Property, the extremely high barriers to entry and the lack of developable land in the submarket, Gateway Marketplace is certain to provide long term value appreciation. FREE & CLEAR OF EXISTING DEBT Gateway Marketplace is offered without existing debt, allowing investors to take advantage of historically low interest rates and achieve enhanced leveraged returns. 5

6 INVESTMENT SALES ADVISORS: GLEB LVOVICH HFF ORANGE COUNTY CA Lic. # BRYAN LEY HFF LOS ANGELES CA Lic. # JUSTIN KUNDRAK HFF LOS ANGELES CA Lic. # RETAIL MARKET EXPERT: MIKE MOSER RETAIL INSITE CA Lic.# ANALYST: JONATHAN METCALFE HFF ORANGE COUNTY CA Lic. # DEBT ADVISOR: PAT BURGER HFF SAN DIEGO CA Lic. # hfflp.com retailinsite.net HFF WEST COAST RETAIL TEAM : NICK KASSAB HFF PORTLAND / SEATTLE WA RE Lic. # OR RE Lic. # ERIC R. KATHREIN HFF SAN FRANCISCO CA RE Lic. # BRYAN LEY HFF LOS ANGELES CA RE Lic. # GLEB LVOVICH HFF ORANGE COUNTY CA RE Lic. # CJ OSBRINK HFF PHOENIX CA RE Lic. # ATLANTA AUSTIN BOSTON CAROLINAS CHICAGO DALLAS DENVER HOUSTON INDIANAPOLIS LOS ANGELES MIAMI NEW JERSEY NEW YORK CITY ORANGE COUNTY ORLANDO PHILADELPHIA PHOENIX PITTSBURGH PORTLAND SAN DIEGO SAN FRANCISCO TAMPA WASHINGTON D.C. LONDON Holliday Fenoglio Fowler, L.P. ( HFF ) a licensed Arizona real estate broker. HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF, and neither Owner nor HFF, nor their respective equity holders, officers, employees and agents makes any representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all reference to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a purchaser, and HFF, its partners, officers, employees and agents disclaim any liability that may be based upon or related to the information contained herein. Prospective purchasers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change Holliday Fenoglio Fowler, L.P. ( HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information, please visit hfflp.com or follow HFF on hfflp.com