GLENDORA COMMONS 100% Leased Grocery Anchored Shopping Center GLENDORA, CA 2018 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF)
OVERVIEW As exclusive advisor, HFF is pleased to offer the opportunity to acquire Glendora Commons (the Property ), a newly constructed, 100% leased grocery anchored shopping center in Los Angeles County. Located at the intersection of the 210 and 57 Freeways (262,000 VPD) within Glendora s primary retail corridor, the Property features a premier lineup of national tenants that includes Aldi, Guitar Center, Chick-fil-A and Pick-Up-Stix. Glendora Commons is prominently situated on Lone Hill Ave within the 480,000 square-foot Glendora Marketplace development, adjacent to synergistic national co-tenants like Walmart, Home Depot, ULTA, and HomeGoods. Glendora Commons offers potential investors stable, long-term cash flows from national tenants with a fixed purchase option to convert the existing leasehold position into fee simple ownership. 2 EXECUTIVE SUMMARY
PROPERTY OVERVIEW PRICE $14,800,000 CAP RATE 5.50% ADDRESS 1241-1251 Lone Hill Ave, Glendora, CA 91740 SQUARE FEET 41,689 OCCUPANCY 100% YEAR BUILT 2016 / 2017 SITE SIZE PARKING 4.35 acres 209 spaces (5.01 per 1,000 SF) INVESTMENT HIGHLIGHTS DENSE AND GROWING TRADE AREA More than 282,000 people live within a 5-mile radius of the Property and the area continues to densify, with several residential developments scheduled to deliver another 400+ units by the end of 2020. 4 MAJOR RESIDENTIAL DEVELOPMENTS 431NEW UNITS WITHIN A 5 MILE RADIUS 282,000 POPULATION HFF 3
INVESTMENT HIGHLIGHTS IRREPLACEABLE LOCATION IN HIGHLY DESIRABLE RETAIL CORRIDOR The Property is strategically positioned next to the heavily trafficked 210 and 57 Freeway interchange (262,000 VPD) within Glendora s primary retail corridor. SYNERGISTIC CO-TENANTS Glendora Commons benefits from its proximity to high-traffic national retailers that include Walmart, Home Depot, ULTA, and HomeGoods, amongst others. STABLE CASH FLOW FROM NATIONAL TENANTS ON LONG-TERM LEASES Glendora Commons is 100% leased to national tenants with an average remaining lease term of over 12 years. ALDI A leading grocer since 1976, the company serves 40 million customers each month. 1,700 $5B U.S. STORES IN 35 STATES GUITAR CENTER Guitar Center is the largest retailer of musical instruments in the world. 14.4 MILES NEAREST COMPETITOR CHICK-FIL-A EXPANSION PLAN ADDING 800 STORES BY 2023 OWNED BY Over 2,200 locations with over $9 billion in revenue in 2017, marking the 50th consecutive year of sales growth. 8TH FAST-FOOD CHAIN IN THE US LARGEST $4.1M(2016) AVERAGE SALES PER RESTAURANT PICK UP STIX Owned by West Coast Capital, it is part of one of the largest conglomerates of Chinese food restaurants. 70 CALIFORNIA LOCATIONS ONLY STORE IN 8 MILES 4 EXECUTIVE SUMMARY
SITE PLAN TENANT SUMMARY Tenant Size (SF) % of GLA Expiration Guitar Center ±13,989 SF Aldi 21,500 51.6% Jun-32 Guitar Center 13,989 33.6% Jun-27 GLENDORA MARKETPLACE Pick Up Stix ±2,000 SF Chick-Fil-A ±4,200 SF Aldi ±21,500 SF Chick-Fil-A 4,200 10.1% Jun-32 Pick up Stix 2,000 4.8% Jun-27 Total / Avg 41,689 100.0% 12.4 Years 210 HWY 210 HFF 5
$120,000+ AVG HOUSEHOLD INCOMES WITHIN A 1-MILE RADIUS 57 HWY 57 (79,000 VPD) 210 HWY 210 (262,000 VPD) S LONE HILL AVE (27,000 VPD) 2018 DEMOGRAPHICS 1-Mile 3-Mile 5-Mile 2018 Population 12,366 111,318 282,321 2018 Number of Households 4,278 38,711 89,612 Average Household Income $112,093 $107,136 $99,396 6 EXECUTIVE SUMMARY
90,000 HOUSEHOLDS IN A 5-MILE RADIUS INVESTMENT HIGHLIGHTS GLENDORA MARKETPLACE FAVORABLE GROUND LEASE STRUCTURE Uniquely structured ground lease with a fixed purchase option in 2031 to convert the existing leasehold position into fee simple ownership, resulting in a strong cash on cash return and a more attractive exit cap rate. 100% LEASED TO NATIONAL TENANTS With all four tenants on long-term net leases, Glendora Commons is an ideal passive investment investment that offers stable cash flows. ALDI SERVES AS THE EXCLUSIVE GROCERY ANCHOR FOR THE 480,000 SF GLENDORA MARKETPLACE NEW CONSTRUCTION The Property was recently constructed in 2017, significantly reducing capital expenditure requirements over the hold period for a potential investor. HFF 7
GLENDORA COMMONS 210 57 INVESTMENT ADVISORS DEBT ADVISOR BRYAN LEY Managing Director 310.407.2120 bley@hfflp.com CA Lic. #01458927 JUSTIN KUNDRAK Director 310.407.2145 jkundrak@hfflp.com CA Lic. #01994398 JEFF SAUSE Senior Director 310.407.2133 jsause@hfflp.com CA Lic. #01852507 2018 Holliday Fenoglio Fowler, L.P., HFF Real Estate Limited (collectively, HFF ), HFF Securities L.P. and HFF Securities Limited (collectively, HFFS ) are owned by HFF, Inc. (NYSE: HF). HFF and its affiliates operate out of 25 offices and are 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, funds marketing, M&A and corporate advisory, loan sales and loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF. 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 we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references 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 buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change. www.hfflp.com