2264 Fair Oaks Blvd, Suite 201 | Sacramento, CA 95825CA BRE #01904661

John DuBois916. 274. 4424jd@corecre.comCA BRE #00702547

Mark Denholm916. 274. 4404md@corecre.comCA BRE #01437366

Jon Gianulias916. 274. 4422jg@corecre.comCA BRE #01227233

Presented by:

Offering Memorandum

Howe Renaissance PlazaSacramento, California

OFFERING SUMMARY

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Price $7,250,000

CAP Rate 6.35%

Location HoweRenaissancePlaza 1431&1441HoweAve Sacramento, CA 95825

Building Square Feet ± 10,600 SF

Land Area ± 60,135 SF (± 1.38 acres)

Assessor’s Parcel No 285-0090-036 (Sacramento County)

INVESTMENT HIGHLIGHTS

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» LOCATION, LOCATION, LOCATION »Major Thoroughfare (35,000 VPD) »Strong Infill Location »SignalizedCornerIntersection »NearSacramento’sLargestMallandthenewly RedevelopedHowe‘BoutArdenCenter

» SECURE AND STABLE »100%LeasedwithFreshTerm »Long Term National Tenants »Panda Express (14TᴴHighestRevenueUnitQSR) »TheHabitBurger(9TᴴHighestRevenueUnitQSR) »T-Mobile (3RDLargestUSCarrier) » PRIDE OF OWNERSHIP »SingleOwnerSinceDevelopment »No Deferred Maintenance »Parking Lot Sealed & Striped September 2017

EXCELLENT 1031 EXCHANGE REPLACEMENT PROPERTY »No Existing Financing »PayCashorObtainNewFinancingatHistorically LowRates

PLANNED REDEVELOPMENT

RETAIL / OFFICE

HO

WE AVE - 35,000 VPD

SUBJECT

HALLMARK DR

TRADE AREA

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• One block from the redevelopedHBAcenter,a 30 acre shopping center anchored by Nordstrom Rack, Century Theaters, Container Store and HomeGoods.Duetotheextraordinary success of the recently opened Century Theatere at HBACenter,Cinemakannouncedconstructionof an adjacent “Movie Bistro”multiplex.

• One mile from the Arden Fair Regional mall, the topretaildestinationinthe Sacramento region, anchored by Macy’s, Nordstrom and Sears.

• Largedaytimepopulation133,090withina3mileradius.

• Near Cal Expo (80+ events annually) and Sacramento State University(30,000+students).

• Signalizedintersection

RETAIL AERIAL

ARDEN FAIR MALL

CAL EXPO

POINT WEST PLAZA

HOWE ‘BOUT ARDEN

ARDEN WAY

ETHAN

WAY

ARDEN WAY

ALTA ARDEN EXPY

EXPOSITION BLVD

ETHAN

WAY

HOWEAVE

HOWEAVE

PLANNED REDEVELOPMENT

RETAIL / OFFICE

5

SUBJECT

LocatedimmediatelyadjacenttotheSubject,HaroldFordiscurrentlyundergoinga$2MillionRenovation

LOCATION | DEMOGRAPHICS

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SUBJECT

Demographics 1Mile 3 Mile 5 MilePopulation 20,353 137,884 379,582

Daytime Population 27,536 133,090 407,523 Average HH Income $46,381 $74,191 $71,655

PROPERTY PHOTOS

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PROFORMA

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Howe  Renaissance  Plaza1431-­‐1441  Howe  Ave

FY  01/2018  -­‐  12/2018Minimum  Rent $468,621Reimbursements $210,129 1

Effective  Gross  Income $678,750

Expenses  CAM  Expenses $100,582 2

Insurance $6,435 3

Property  Taxes $84,134 4

Management  Fees 4.0% $27,150Total  Expenses ($218,301)Net  Operating  Income $460,449

Footnotes

2 CAM  Expenses  Based  on  2016  CAM  Recs  inflated  3%/yr3 Based  on    2016  actual  inflated  3%/yr4 Property  Taxes  Reassessed  at  1.18%  of  Sales  Price

Habit  has  mngt  cap  of  4%  of  base  rent,  Panda  and  T-­‐Mobile  do  not  reimburse  for  mngt  but  have  10%  admin  fee  in  lieu.  T-­‐Moble  has  Expense  CAP  but  does  not  come  into  play1

Suite Tenant SF Prorata  % Lease  Begin Lease  Exp Options Rent  Begin $/SF Lease  Type Monthly  Rent Next  Incr New  Rate Guarantee

A Habit  Burger 1,798             16.96% 12/1/07 3/13/23 2  -­‐  5  yr  options

3/1/08 $4.63 NNN $8,325.64 12/1/17 $8,741.92 Corporate

B Icicles  Creamrolls

1,952             18.42% 7/15/17 7/14/22 1  -­‐  5  yr  options

10/1/17 $2.50 NNN $4,880.00 10/1/18 $5,016.64 Personal

C Panda  Express

2,013             18.99% 12/1/07 1/31/28 2  -­‐  5  yr  options

2/1/08 $4.62 NNN $9,300.50 2/1/18 $10,230.50 Corporate

D PizzaRev 1,702             16.06% 11/17/16 12/31/27 2  -­‐  5  yr  options

7/1/17 $3.01 NNN $5,106.00 7/1/22 $5,616.60 Personal

E T-­‐Mobile 3,135             29.58% 9/12/07 2/28/23 2  -­‐  5  yr  options

3/1/08 $3.15 NNN $9,875.25 3/1/18 $10,189.00 Corporate

RENT ROLL

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SITE PLAN

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*PizzaRevOperatorhasan8-FigureNetWorthandPersonallyGuaranteedtheLease

*

PizzaRev

TENANT PROFILES

www.t-mobile.com

T-Mobile US (NASDAQ: TMUS) is a major wireless network operator in the United States. The German telecommunications company Deutsche Telekom (DT) is its majority shareholder. Its headquarters are located in Bellevue, Washington, in the Seattle metropolitan area. T-Mobile is the third largest wireless carrier in the United States with 72.6 million customers as of Q1 2017. The company has annual revenues of $37 billion. Its network reaches 98 percent of Americans.

www.pandaexpress.com Panda Express is a fast casual restaurant chain which serves American Chinese cuisine. It is the largest Asian segment restaurant chain in the United States, where it was founded and is mainly located (in addition to other countries and territories in North America and Asia). Panda Express restaurants were traditionally located in shopping mall food courts, but the chain now operates units in many other environments and formats, including stand-alone restaurants, as well as universities, casinos, airports, military bases, amusement parks and other venues. Panda Express has over 1,900 restaurants, located in 50 U.S. states.

www.iciclescreamroll.com Iscicles Cream Roll offers HAND CRAFTED Thai rolled ICE CREAM with stores throughout California. Our mission is to provide you with best customer service while showcasing our artisan handcrafted ice cream rolls. All of our products are natural and wholesome. The secret? Cream, Milk, Eggs, Sugar, That’s it! We pasteurize these ingredients daily in small batches using very low sugar without adding preservatives. Our story begins with using simple everyday ingredients and turning it into something spectacular by using our ice pans to create these special rolls. What makes Icicles unique is that each order is made ready-to-serve and can be customized to everyone’s liking. We offer a variety of flavors including non dairy options, not to mention UNLIMITED TOPPINGS.

www.habitburger.com

The Habit Burger Grill (NASDAQ: HABT) is an American fast casual restaurant chain focused on hamburgers, salads, sandwiches, shakes and french fries. Its headquarters is in Irvine, California and now has over 195 restaurants open.

www.pizzarev.com

PizzaRev is a small fast casual chain of franchise pizza restaurants based in Los Angeles, California. The company also has non-franchise, corporate-owned stores. As of September 2016, the company has 46 stores in eleven U.S. states and Mexico. The company was founded in 2012 in Los Angeles by Rodney Eckerman and Irv Zuckerman, and their sons Nicholas Eckerman and Jeff Zuckerman. The company’s slogan is “Craft your own! The company’s name, standing for Pizza Revolution, stems from the idea of empowering customers to build their own pizzas. This PizzaRev Operator, with an 8-Figure Net Worth, personally guarantees this lease.

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2264 Fair Oaks Blvd, Suite 201Sacramento, California 95825

CA BRE #01904661

WWW.CORECRE.COM

Presented by:

Jon Gianulias916. 274. 4422jg@corecre.com CA BRE #01227233

John DuBois916. 274. 4424jd@corecre.com CA BRE #00702547

Mark Denholm916. 274. 4404md@corecre.com CA BRE #01437366

COPYRIGHT © 2017. ALL RIGHTS RESERVED. CORE Commercial (“Agent”), CA DRE Lic. 01904661, has presented this brief, selected information pertaining to the Property and

shall not be considered all-inclusive or unchanged since the date of preparation. No warranty as to the accuracy or completeness is expressed or implied. The information has

been received from sources believed to be reliable but is not guaranteed. Prospective purchasers and tenants should independently verify each item of information and have

the same reviewed by its tax advisor and/or legal counsel. The Property is being offered on an “as-is, where-is” and “with all faults” basis unless otherwise specified. Owner

reserves the right to withdraw this offering at any time, without further notice, with or without cause.

Howe Renaissance PlazaSacramento, California