SMALL COMMERCIAL BUILDING WITH LOT

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1 312 S. Main Avenue Fallbrook, CA 90% OWNER-USER FINANCING AVAILABLE Exclusively Listed By: LEE & ASSOCIATES Commercial Real Estate Services Patrick Miller, CCIM CalBRE Lic# Al Apuzzo, Principal CalBRE Lic# Lee & Associates Commercial Real Estate Services - NSDC 1900 Wright Place Suite Carlsbad, CA P: (760) F: (760) No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. Any of the foregoing information will need to be separately verified by Buyer.

2 DISCLAIMER Lee & Associates hereby advises all prospective purchasers of this property as follows: The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable. However, Lee & Associates has not and will not verify any of this information, nor has Lee & Associates conducted any investigation regarding these matters. Lee & Associates makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided. As the Buyer of this property, it is the Buyer s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Lee & Associates expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a single-tenant property to you depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any single-tenant property to determine to your satisfaction with the suitability of the property for your needs. Like all real estate investments, this investment carries significant risks. Buyer and Buyer s legal and financial advisors must request and carefully review all legal and financial documents related to the property and tenant. While the tenant s past performance at this or other locations is an important consideration, it is not a guarantee of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer s legal ability to make alternate use of the property. By accepting this Marketing Brochure you agree to release Lee & Associates Investments and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property. Lee & Associates Commercial Real Estate Services - NSDC 1900 Wright Place Suite Carlsbad, CA P: (760) F: (760)

3 312 S. Main Avenue Fallbrook, CA TABLE OF CONTENTS Executive Summary 4 Property & Investment Overview 5 Property Photos 6 Parcel Map 7 Aerial 8 Location Map 10 Sales Comparables 11 Area Overview 13 Demographic Summary 14

4 EXECUTIVE SUMMARY DEMOGRAPHICS Demographics: 1 Mile 3 Miles 5 Miles 2017 Population 17,598 31,509 44,023 Households 5,248 10,133 14,348 Average HH Income $61,368 $75,650 $83,573 TRAFFIC COUNTS Traffic Counts: Vehicles Per Day S. Main Avenue 5,000 INVESTMENT & PROPERTY SUMMARY Price: $800,000 Address: 312 S. Main Avenue Building Size: 1,000 Square Feet Land Size:.58 Acres Price/SF Building: $ Price/SF Land: $31.66 Ownership: Fee Simple APN: Zoning: FB-V4 (Click Here to View Zoning) General Plan: Village Core Mixed Use Allowable Uses: General Retail, Automotive, Equipment Sales, Rental & Repair, Veterinary Clinic, Office & Medical and Restaurant Parking: Approx. 20+ Stalls ENVIRONMENTAL INFORMATION The property was the former location of Mahr s Texaco. On March 14, 2013, the California Regional Water Quality Control Board issued a No Further Action Letter. Click Here for No Further Action Letter Page 4 of 16

5 PROPERTY & INVESTMENT OVERVIEW PROPERTY OVERVIEW Lee & Associates is pleased to exclusively offer for sale an approximate 1,000 square foot commercial building on.58 acres of commercial land in Fallbrook, California. The subject property is located in northern San Diego County. Strategically positioned with frontage at the southeast corner of S. Main Avenue and Elder Street Avenue in Downtown Fallbrook and within close proximity to national retailers, and accessibility within a few miles of both Interstate 15 and California State Highway 76. Mission Road also serves as San Diego County Highway S 13. INVESTMENT OVERVIEW The subject property is currently vacant. The property zoning is FB-V4 which allows for general commercial uses, office, medical & restaurant. There is an immediate opportunity for an owner-user, a savvy investor to re-tenant at market rental rates and hold for future development of the site within a much broader zoning. PROPERTY HIGHLIGHTS High Desirable Zoning: The property is Zoned FB-V4 (Fallbrook Village 4), which is a commercial zone that allows a variety of general retail, office and medical uses. Urban Core Location: The site is located in the Fallbrook urban core and is adjacent to the east of S. Main Avenue. Excellent Visibility & Traffic Counts: The subject property is located at the southeast corner of S. Main Avenue & Elder Street, which sees traffic counts of 5,000 cars per day on Main Avenue. Strong Demographics: There are over 31,500 residents within a 3 mile radius of the subject property with an average household income $75,650. Page 5 of 16

6 PROPERTY PHOTOS Page 6 of 16

7 PARCEL MAP Limitation of Liability for Informational Report Page 7 of 16

8 AERIAL OVERVIEW E Elder St S Main Ave Subject Property E College St Page 8 of 16

9 AERIAL OVERVIEW Maie Ellis Elementary Subject Property E Elder Ave Fallbrook Hospital Fallbrook Street Elementary S Mission Rd S Main Ave Elbrook Dr E Fallbrook St Major Market W Aviation Rd Old Stage Rd Page 9 of 16

10 LOCATION MAP Subject Property Page 10 of 16

11 LEASE COMPARABLES SOLD BUILDING COMPS Property City Sale Price Land SF $/Land SF Sale Date Building Coverage Notes S. Main Avenue Fallbrook $ 1,100,000 13,939 $ /31/ % Freestanding Retail 1005 E. Mission Road Fallbrook $ 650,000 16,988 $ /28/ % Retail/Convenience 140 W. Mission Road Fallbrook $ 172,000 3,703 $ /26/ % Freestanding Retail 111 W. Mission Road Fallbrook $ 440,000 33,541 $ /18/ % Retail/Day Care 134 W. Mission Road Fallbrook $ 180,000 3,485 $ /27/ % Retail/Convenience 111 N. Vine Street Fallbrook $ 480,000 10,824 $ /4/ % Retail/Restaurant Weighted Average $/SF>>> $ SUBJECT PROPERTY - SALES COMP VALUE - LAND WITH SIMILAR BUILDING COVERAGE Property City Value Land SF $/SF Sale Date Building Coverage Notes 312 S. Main Avenue Fallbrook $ 925,682 25,265 $ N/A 4.0% Retail/Automotive Page 11 of 16

12 SALE COMPARABLES S Main Ave SOLD W Mission Rd SOLD San Diego County San Diego County Recorded Buyer: Carmin LLC Recorded Seller: T Lorraine Johnston Senda Luna Llena San Diego, CA Morro Rd True Buyer: Carmen Miranda Foltz True Seller: Mike Cotter Recorded Buyer: Pak Properties Llc Recorded Seller: Plocki Family Trust 265 San Jacinto River Rd Lake Elsinore, CA Sale Date: 07/31/2017 (272 days on mkt) Bldg Type: RetailFreestanding Sale Price: $1,100,000 - Confirmed Year Built/Age: - Price/SF: $ GLA: 4,908 SF Land Area: 0.32 AC (13,939 SF) PrFrma Cap Rate: - Zoning: 6 Actual Cap Rate: 7.64% Sale Conditions: - Parcel No: , Financing: Down payment of $355,000 (32.3%); $745,000 from ZB, N.A. Comp ID: Research Status: Confirmed E Mission Rd SOLD Sale Date: 11/18/2015 Bldg Type: RetailDay Care Center Sale Price: $440,000 Year Built/Age: Built 1982 Age: 33 Price/SF: $ GLA: 3,683 SF Land Area: 0.77 AC (33,541 SF) PrFrma Cap Rate: - Zoning: C-36, S.D. County Parcel No: Financing: - Comp ID: Research Status: Public Record W Mission Rd SOLD San Diego County San Diego County Recorded Buyer: Rk & Surjiwan Properties Llc Recorded Seller: Present Phillip E Trust 720 N La Reina St Anaheim, CA Recorded Buyer: Blanca I Rodriguez-garcia Recorded Seller: First Class Ventures LLC 1338 Los Conejos Rd 1712 Pioneer Ave Cheyenne, WY Sale Date: 11/28/2016 Bldg Type: RetailConvenience Store Sale Price: $650,000 Year Built/Age: - Price/SF: $ GLA: 3,077 SF Land Area: 0.39 AC (16,988 SF) PrFrma Cap Rate: - Zoning: 7 Sale Date: 01/27/2017 (157 days on mkt) Bldg Type: RetailConvenience Store Sale Price: $180,000 - Confirmed Year Built/Age: - Price/SF: $ GLA: 1,097 SF Land Area: 0.08 AC (3,485 SF) PrFrma Cap Rate: - Zoning: V2 Parcel No: Financing: Comp ID: $487,500 from Private Lender Research Status: Parcel No: Financing: Comp ID: Research Status: Confirmed W Mission Rd SOLD N Vine St SOLD San Diego County San Diego County Recorded Buyer: Shane Pak Properties & Lili Munson Llc Recorded Seller: Heritage Warren 2003 Square Family Investments Trust 265 San Jacinto River Rd Lake Elsinore, CA Recorded Buyer: - Recorded Seller: Zozimo Sanchez 111 N Vine St Sale Date: 10/26/ /18/2015 Bldg Type: RetailDay Freestanding Care Center Sale Price: $172,000 $440,000 Year Built/Age: Built 1982 Age: Price/SF: $ $ GLA: 714 3,683 SF SF Land Area: AC AC (3,703 (33,541 SF) SF) PrFrma Cap Rate: - Zoning: FV2, C-36, S.D. County Recorded Buyer: - Recorded Seller: Zozimo Sanchez 111 N Vine St Sale Date: 05/04/2017 (229 days on mkt) Bldg Type: RetailRestaurant Sale Price: $480,000 Year Built/Age: - Price/SF: $ RBA: 2,348 SF Parcel No: Financing: $120,000 $718,000 from Chase First Citizens Bank Bk&tr Co Comp ID: Research Status: Public Record PrFrma Cap Rate: - Zoning: Parcel No: - Financing: - Comp ID: Research Status: Public Record 6 Copyrighted report licensed to Lee & Associates /26/2017 Copyrighted report licensed to Lee & Associates /26/2017 Page 12 of 16

13 AREA OVERVIEW VILLAGE OF FALLBROOK Year of Incorporation: Unincorporated San Diego County Population: 30,534 (Est Census) Land Area: 17.6 square miles Location: Fallbrook is located 57 miles north of downtown San Diego northeast San Diego County. Fallbrook is bordered by Temecula to the north, unincorporated San Diego County to the east, Bonsall to the south and Camp Pendleton to the west. Fallbrook located on the northern edge of San Diego immediately adjacent to Temecula in southern Riverside County, within 40 minutes travel time of over 3.0 million people. TRANSPORTATION FACILITIES AND SERVICES Interstate & Highways: Interstate 15 generally crosses through the eastern edge of town from north to south. California State Highway 76 provides additional east-west access at the southern edge of Fallbrook, with San Diego County Highway S 13 bisecting town. Public Transit: North County Transit District provides bus service via the Breeze #306 through Fallbrook and adjacent areas and connects to the Sprinter Rail Line system at the Vista Transit Center in Vista, California. Page 13 of 16

14 312 S Main Ave DEMOGRAPHIC SUMMARY 1 mi radius 3 mi radius 5 mi radius RS Estimated Population 17,598 31,509 44,023 POPULATION 2022 Projected Population 18,730 33,448 46, Census Population 16,212 29,384 41, Census Population 16,146 28,016 38,342 Projected Annual Growth 2017 to % 1.2% 1.2% Historical Annual Growth 2000 to % 0.7% 0.9% 2017 Median Age Estimated Households 5,248 10,133 14,348 HOUSEHOLDS 2022 Projected Households 5,586 10,762 15, Census Households 4,919 9,623 13, Census Households 4,905 9,028 12,502 Projected Annual Growth 2017 to % 1.2% 1.2% Historical Annual Growth 2000 to % 0.7% 0.9% 2017 Estimated White 55.3% 64.2% 69.1% RACE AND ETHNICITY 2017 Estimated Black or African American 2.4% 2.0% 2.2% 2017 Estimated Asian or Pacific Islander 2.5% 2.9% 3.4% 2017 Estimated American Indian or Native Alaskan 0.9% 0.8% 0.7% 2017 Estimated Other Races 39.0% 30.2% 24.6% 2017 Estimated Hispanic 61.5% 48.1% 39.7% Page 14 of 16

15 DEMOGRAPHIC SUMMARY INCOME 2017 Estimated Average Household Income $61,368 $75,650 $83, Estimated Median Household Income $51,541 $64,018 $68, Estimated Per Capita Income $18,320 $24,371 $27, Estimated Elementary (Grade Level 0 to 8) 18.9% 13.4% 10.2% EDUCATION (AGE 25+) BUSINESS 2017 Estimated Some High School (Grade Level 9 to 11) 8.4% 6.5% 5.7% 2017 Estimated High School Graduate 26.1% 23.5% 21.5% 2017 Estimated Some College 22.5% 24.9% 25.9% 2017 Estimated Associates Degree Only 7.5% 8.3% 9.1% 2017 Estimated Bachelors Degree Only 12.1% 16.0% 18.6% 2017 Estimated Graduate Degree 4.4% 7.4% 9.0% 2017 Estimated Total Businesses 823 1,140 1, Estimated Total Employees 5,112 7,841 8, Estimated Employee Population per Business Estimated Residential Population per Business Page 15 of 16

16 Exclusively Listed By: LEE & ASSOCIATES Commercial Real Estate Services Patrick Miller, CCIM CalBRE Lic# Al Apuzzo, Principal CalBRE Lic# Lee & Associates Commercial Real Estate Services - NSDC 1900 Wright Place Suite Carlsbad, CA P: (760) F: (760) No warranty or representation is made to the accuracy of the foregoing information. Terms of sale, lease and availability are subject to change or withdrawal without notice. Any of the foregoing information will need to be separately verified by Buyer.