STARBUCKS & PACIFIC DENTAL LAKE CHARLES, LA

TWO-TENANT STRIP CENTER PAD $88K+ INCOMES IN 1-MILE RADIUS LAKE CHARLES HAS THE FASTEST GROWING GDP IN THE U.S. 2

Overview STARBUCKS & PACIFIC DENTAL NELSON RD & COUNTRY CLUB RD, LAKE CHARLES, LA $2,819,328 PRICE 6.40% CAP LEASABLE SF 4,913 SF LAND AREA 1.86 Acres YEAR BUILT 2017 OCCUPANCY 100% PARKING 55 SPACES Brand new Starbucks and Pacific Dental Pad to a thriving Kroger anchored center Benefiting from combined traffic of 62,000+ VPD Lake Charles has the fastest growing GDP in the U.S. Outstanding Demographics Average household incomes in a 1-mile radius are nearly $90K This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Amazon proof tenants 3

Investment Highlights THE SUBJECT PROPERTY is located within the dominant retail trade area in Lake Charles, LA, and is an outparcel within a booming Kroger anchored shopping center. Kroger relocated to its current location in the center doubling the store size due to overwhelming success within the Lake Charles market. The offering provides an opportunity to acquire a stabilized two-tenant property in one of the fastest growing economies in the U.S. As a result of the thriving economy, population and incomes have also grown: within a 1-mile radius average incomes are nearly $90,000. The existing tenants are positioned for lasting success due to the desirable long-term fundamentals and positive economic forecast for the region. Contact the team RICK SANNER rsanner@capitalpacific.com San Francisco, CA PH: 415.274.2709 CA BRE# 01792433 THE RETAIL MARKET In September 2017 the department of commerce released a report naming Lake Charles, LA, as having the fastest growing GDP in the U.S. with 8.1% growth. According to the Commerce Department s Bureau of Economic Analysis, retail sales per capita in Lake Charles are 84% higher than the national average. The property serves as a two tenant pad to a Kroger anchored shopping center. Other tenants within the shopping center include Sport Clips, Super Cuts, Anytime Fitness, CVS, and more. The subject property has excellent visibility and access along Nelson Road, with a combined traffic count of over 62,000 VPD. IN CONJUNCTION WITH LA LICENSED BROKER: Beau J. Box Baton Rouge, LA 225.237.3343 bbox@beaubox.com STARBUCKS IS THE WORLD S #1 SPECIALTY COFFEE RETAILER This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 4

Aerial RYAN STREET 385 CONTRABAND BAYOU GOLF CLUB 16,207 VPD ELWOOD HAYES ELEMENTARY THE COUNTRY CLUB AT THE GOLDEN NUGGET 29,625 VPD 210 210 COLLEGE OAKS ELEMENTARY PRIEN LAKE ELEMENTARY 385 LAGRANGE HIGH SCHOOL HENRY HEIGHTS ELEMENTARY RYAN STREET LAKE CHARLES NELSON ROAD 38,000 VPD 210 OUR LADY QUEEN OF HEAVEN SCHOOL BRENTWOOD ELEMENTARY MOSS MEMORIAL HOSPITAL MCNEESE STATE UNIVERSITY LAKE AREA MEDICAL CENTER AM BARBE HIGH SCHOOL SJ WELSH MIDDLE SCHOOL FK WHITE MIDDLE SCHOOL H&R BLOCK DOLBY ELEMENTARY 384 COUNTRY CLUB ROAD This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 5

Submarket Overview RETAILERS IN CLOSE PROXIMITY INCLUDE: Kroger CVS Capital One Bank McDonald s AutoZone Sprint Lakeside Bank O Reilly Auto Parts Sonic Dollar General Exxon Valero Walgreens Albertsons Pizza Hut Jimmy John s Taco Bell Lake Area Medical Center This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. BUSINESS SUMMARY TOTAL 1-MILE 3-MILES 5-MILES Businesses 306 1,790 3,588 Employees 3,891 23,288 50,520 Residential Population 8,977 44,368 77,592 KEY 1-MILE 3-MILES 5-MILES 6

Surrounding Retailers 7

Income & Expense PRICE $2,819,328 Price Per Square Foot: $573.85 Capitalization Rate: 6.40% Total Rentable Area (SF): 4,913 Lot Size (AC): 1.86 STABILIZED INCOME PER SQUARE FOOT Scheduled Rent $36.73 $180,437 Tax Recoveries $2.50 $12,282 Insurance Recoveries $0.70 $3,439 CAM Recoveries $1.50 $7,390 EFFECTIVE GROSS INCOME $203,548 ADJUSTED GROSS INCOME $203,548 LESS PER SQUARE FOOT Taxes ($2.50) ($12,282.00) Insurance ($0.70) ($3,439.00) Common Area Expenses ($1.50) ($7,390.00) TOTAL EXPENSES ($4.70) ($23,111) EQUALS NET OPERATING INCOME $180,437 Landlord Responsible for Roof and Structure This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 8

Rent Roll TENANT INFO LEASE TERMS RENT SUMMARY TENANT NAME SQ. FT. CURRENT RENT MONTHLY RENT YEARLY RENT MONTHLY RENT/FT YEAR RENT/FT Starbucks 1 1,900 1 5 $77,995 $6,500 $77,995 $3.42 $41.05 6 10 $7,150 $85,804 $3.76 $45.16 Option 1 11 15 $7,866 $94,392 $4.14 $49.68 Option 2 16 20 $8,658 $103,892 $4.56 $54.68 Option 3 21 25 $9,529 $114,342 $5.02 $60.18 Pacific Dental 2 3,013 1 5 $102,442 $8,537 $102,442 $2.83 $34.00 6 10 $9,391 $112,686 $3.12 $37.40 Option 1 11 15 $10,330 $123,955 $3.43 $41.14 Option 2 16 20 $11,362 $136,338 $3.77 $45.25 TOTALS: 4,913 $180,437 $15,036 $180,437 $3.06 $36.73 1 Starbucks must exercise termination option within 120 days after 5th lease year. Lease terminates 180 days after notice/option is exercised. 2 Pacific Dental has the one time right to terminate the lease any date on or within one 120 days after the expiration of the 5th lease year. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 9

Site Plan 4,913 RENTABLE SF 1.86 ACRES 55 SPACES W MCNEESE STREET NELSON ROAD 38,000 VPD 384 COUNTRY CLUB ROAD 24,000 VPD This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. NELSON ROAD 10

Shopping Center GAS 2,000 SF 5,625 SF 4,000 SF FAST FOOD NELSON ROAD 38,000 VPD 384 COUNTRY CLUB ROAD This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 11

Tenant Mix STARBUCKS The world s #1 specialty coffee retailer, Starbucks has more than 25,000 coffee shops in 70 countries, and over 254,000 employees. The outlets offer coffee drinks and food items, as well as roasted beans, coffee accessories, and teas. In 2017 the chain had a net revenue of $22.4 Billion, and an operating income of $4.4 Billion. Starbucks has a credit rating of A- from Standard & Poor, and is traded on the NASDAQ under SBUX. 13,930+ LOCATIONS IN THE UNITED STATES PACIFIC DENTAL Pacific Dental Services provides administrative support to dental practices, allowing dentists to focus on dentistry. Since its inception in 1994, Pacific Dental Services has grown from one, to now more than 390 practices in ten states. Pacific Dental Services has been ranked on the prestigious Inc. 500/5000 list as one of the fastest-growing private companies in America, and has won the Inc. Hire Power Award for Top 100 Job Creators for two years running. Pacific Dental Services supports approximately 700 dentists and has over 5,000 employees. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 600+ LOCATIONS IN 19 STATES 12

Demographics POPULATION 1-MILE 3-MILES 5-MILES 2010 7,826 40,989 72,995 2017 8,977 44,368 77,592 2022 9,587 46,738 80,911 2017 HH INCOME 1-MILE 3-MILES 5-MILES Average $88,684 $81,384 $70,145 Median $55,881 $55,322 $45,729 LAKE CHARLES LAFAYETTE (1 HR 20 MIN 80 MILES) TOP EMPLOYERS EMPLOYER # OF EMPLOYEES Calcasieu Parish School System 4,866 Lake Charles Memorial Hospital 2,148 Westlake Group 1,693 Golden Nugget 1,413 L Auberge Lake Charles 1,300 THE AVERAGE HOUSEHOLD INCOME WITHIN A 1-MILE RADIUS IS OVER $88K This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 13

Location Overview LAKE CHARLES, LOUISIANA LAKE CHARLES is located on Lake Charles, Prien Lake, and the Calcasieu River in the southwest region of Louisiana. The City of Lake Charles is conveniently located off Interstate-10 between Houston, TX and New Orleans, LA. Lake Charles is connected to the Gulf by means of a deep-water ship channel and is the seat and port of entry of Calcasieu Parish. As the fifth largest incorporated city in Louisiana, Lake Charles serves as a major industrial, cultural, and educational center. The city hosts over 75 festivals and carnivals, giving the city its nickname The Festival Capital of Louisiana. The region is a hub of tourism and is known for having booming manufacturing, commerce, retail, and casino industries. ECONOMIC GROWTH THE LAKE CHARLES ECONOMY grew at the fastest rate of any metro area in the nation in 2016, according to a recent study by the Commerce Department s Bureau of Economic Analysis. The area s GDP increased by 8.1%, beating out 382 cities, 267 of which also saw increases. 76,846 LAKE CHARLES POPULATION (ESTIMATED) This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. 14

We d love to hear from you. RICK SANNER rsanner@capitalpacific.com San Francisco, CA PH: 415.274.2709 CA BRE# 01792433 IN CONJUNCTION WITH LA LICENSED BROKER: Beau J. Box Baton Rouge, LA 225.237.3343 bbox@beaubox.com CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM: ZEB RIPPLE JOHN ANDREINI ZANDY SMITH JACK NAVARRA CHRIS KOSTANECKI JOE CACCAMO RICK SANNER CHRIS PETERS DAVE LUCAS AARON SUSMAN This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.