7600 Reseda Boulevard SHOPPING NEIGHBORHOOD | RESEDA, CA

OFFERING MEMORANDUM

EXCLUSIVELY LISTED BY

James YangNational Retail GroupCA BRE License #01932163213.943.1863 direct213.943.1800 mainjames.yang@marcusmillichap.com

Andrew KimNational Retail GroupCA BRE License #01947008213.943.1894 direct213.943.1800 mainandrew.kim@marcusmillichap.com

Marcus & Millichap 515 S. Flower StreetSuite 500Los Angeles, CA 91106213.943.1800213.943.1810 faxmarcusmillichap.com

Activity ID: Y0140658

CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly con-fidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unveri-fied information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information con-tained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

All property showings are by appointment only.Please consult your Marcus & Millichap agent for more details.

Executive SummaryINVESTMENT HIGHLIGHTS

» All Tenants Are on Absolute Triple-Net (NNN) Leases

» Excellent Location on Reseda at the Signalized Corner of Saticoy Street

» 100 Percent Fully Leased Retail Center

» Extremely High Traffic Location – Combined Over 62,600 Cars Per Day

» Anchored by a Busy Denny's Restaurant

» Over 280 Feet of Frontage on Reseda Boulevard, Which Is the Main Thoroughfare in Reseda

» Subject Property Consists of 19,822 Square Feet of Leasable Building Area Situated on a 61,271-Square Foot Lot

» Dense Infill Location (39,642 within One Mile & 242,785 within Three Mile Radius)

» Close in Proximity to Northridge Hospital, Cleveland High School, John R. Wooden High School, Reseda Elementary School and Garden Grove Elementary School

» Surrounding Tenants Include: 7-Eleven, CVS, 99Cents Only Store, Jons Market, Bank of America, Citibank, Wells Fargo, Walgreens, El Pollo Loco, Chuck E. Cheese, Shell, PepBoys, U.S. Post Office, and Many More

» 100 Parking Spaces – Recently Re-Surfaced

A neighborhood retail center anchored by a Denny's Restaurant

Marcus & Millichap, as the exclusive listing agent, is pleased to offer 7600 Reseda Boulevard, a retail center located at the signalized corner of Saticoy Street in Reseda, a neigh-borhood in Los Angeles' San Fernando Valley. Anchored by a busy Denny's restaurant, the center occupies over 280 feet of frontage on Reseda Boulevard, Reseda's main thoroughfare, and boasts intersection traffic counts of over 62,600 cars per day. All the center's tenants are on absolute triple-net leases.

7600 Reseda Boulevard consists of 19,822 square feet of leasable building area situated on a 61,271-square foot lot, which includes 100 recently re-surfaced parking spaces. The property is in close proximity to Northridge Hospital and a number of local schools. Other nearby tenants include 7-Eleven, CVS, Bank of America, Citibank, Wells Fargo, Wal-greens, and many more.

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SITE DESCRIPTION

Property Address: 7600–7628 Reseda Boulevard Reseda, CA

APN: 2119-001-041Gross Leasable Area: 19,822 SFYear Built: 1977 / 1991Lot Size: 61,271 SFParking: 100 SpacesParking Ratio: 5 : 1,000 SFType of Ownership: Fee Simple

Financial Analysis

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. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. © 2017 Marcus & Millichap. Activity ID: Y0140658

PRICE: CAP RATE:

$8,970,000 5.00%

NOI: $448,512PRICE/SF: $452.53

ANNUALIZED OPERATING DATA

Scheduled Gross Income: $421,608Denny's Percentage Rent 2016: $40,775Expense Reimbursement: $186,914Total Operating Income: $653,707Total Operating Expenses: ($186,914)Less Vacancy (3%): ($13,871)Net Operating Income: $448,512

OPERATING EXPENSES (NNN)

Taxes (Actual): $106,922Insurance: $21,674Utilities: $10,247CAM: $26,751Management (5%): $21,320Total: $186,914

ADDRESS TENANT SQ. FT. PERCENT OF GLA

LEASE START

LEASE EXPIRE

MONTHLY RENT RENT/SF RENT

INCREASESLEASE

TYPE OPTIONS COMMENTS

7600 Denny’s 4,284 21.61% 6/1/1995 5/31/2025 $5,865 $1.37 16% Max. CPI Every 4Yrs. NNN One, 10 Year $40,775 additional

percentage rent 2016

7604 D.D.S. 1,575 7.95% 5/1/1982 4/30/2023 $3,488 $2.21 CPI NNN One, 5 Year

7606 Nail Salon 1,575 7.95% 8/1/2010 3/30/2022 $2,327 $1.48 4% Max CPI NNN One, 5 Year

7608 Korean Restaurant 1,575 7.95% 1/1/1990 5/31/2018 $3,540 $2.25 4% Max CPI NNN One, 5 Year

7610 King of Crabs 1,650 8.32% 6/1/2017 5/31/2027 $2,500 $1.52 4% Max CPI NNN One, 5 Year

7614 Market 1,466 7.40% 9/1/2017 8/31/2022 $2,500 $1.71 NNN

7616 Efata Chrais Corp 1,397 7.05% 7/1/2017 6/30/2019 $2,500 $1.79 NNN

7618 Beauty Salon 1,280 6.46% 4/1/1987 9/30/2022 $2,487 $1.94 4% Max CPI NNN One, 5 Year

7620 Boost Mobile 1,280 6.46% 6/1/2016 5/31/2021 $2,042 $1.60 CPI NNN One, 5 Year

7622 Mexican Restaurant 1,280 6.46% 10/1/2017 9/30/2022 $2,000 $1.56 and 3% Annual NNN

8726 Coin Laundry 1,280 7.87% 7/1/1988 5/31/2023 $3,509 $2.25 CPI NNN One, 5 Year

7628 Baskin Robbins 900 4.54% 7/1/1977 7/31/2026 $2,376 $2.64 CPI NNN One, 5 Year

Total Square Feet 19,822 100.00% $35,134

Total Occupied 19,822 100.00%

Rent Roll

3% Annual One, 5 Year

One, 5 Year

$2,260 in Yr 2

Property Photos

RESEDA BLVD

SATICOY ST

62,600INTERSECTION

TRAFFIC COUNTS PER DAY

JIFFY LUBE

7-ELEVEN

NORTHRIDGE HOSPITAL

Aerial Photos

7600 Reseda Boulevard

Parcel Map

RESEDA BLVD

SATICOY ST

12

Retail Map

Subject Property

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Untitled map

Untitled layer

Local Map

7600 Reseda Boulevard

Untitled map

Untitled layer

Regional Map

7600 Reseda Boulevard

Demographics1 Mile 3 Miles 5 Miles

2000 Population 34,793 219,957 556,7612010 Population 38,443 236,279 592,7932014 Population 39,642 242,785 609,1632019 Population 40,557 247,433 621,323

2000 Households 11,132 76,806 192,2152010 Households 11,612 79,307 198,9932014 Households 12,123 82,525 207,0712019 Households 12,388 84,278 212,043

2014 Average Household Size 3.24 2.88 2.89

2014 Daytime Population 8,173 79,156 248,586

2000 Owner Occupied Housing Units 43.48% 50.90% 48.33%2000 Renter Occupied Housing Units 51.52% 46.07% 48.57%2000 Vacant 5.00% 3.03% 3.10%

2014 Owner Occupied Housing Units 43.11% 50.39% 47.89%2014 Renter Occupied Housing Units 56.89% 49.61% 52.11%2014 Vacant 2.01% 2.35% 2.60%

2019 Owner Occupied Housing Units 43.03% 50.09% 47.57%2019 Renter Occupied Housing Units 56.97% 49.91% 52.43%2019 Vacant 1.88% 2.40% 2.70%

$ 0 - $14,999 12.3% 11.5% 11.8%$ 15,000 - $24,999 11.7% 10.4% 10.9%$ 25,000 - $34,999 13.0% 10.4% 10.1%$ 35,000 - $49,999 15.7% 13.5% 13.8%$ 50,000 - $74,999 17.9% 18.8% 17.5%$ 75,000 - $99,999 12.0% 12.3% 11.6%$100,000 - $124,999 8.8% 9.0% 8.4%$125,000 - $149,999 3.8% 5.0% 5.0%$150,000 - $199,999 2.6% 4.6% 5.0%$200,000 - $249,999 0.8% 1.6% 2.1%$250,000 + 1.5% 2.8% 3.6%

2014 Median Household Income $46,574 $55,220 $54,435 2014 Per Capita Income $19,959 $26,491 $28,077 2014 Average Household Income $64,792 $77,461 $82,066

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HOUSEHOLDS

There are currently 207,070 households in your selected geography. The number of households has changed by 7.72% since 2000. It is estimated that the number of households in your area will be 212,042 five years from now, which represents a change of 2.40% from the current year. The average household size in your area is 2.89 persons.

HOUSING

In 2000, there were 95,865 owner occupied housing units in your area and there were 96,349 renter occupied housing units in your area. The median rent at the time was $659.

INCOME

In 2014, the median household income for your selected geography is $54,434, compare this to the Entire US average which is currently $51,972. The median household income for your area has changed by 22.19% since 2000. It is estimated that the median household income in your area will be $64,875 five years from now, which represents a change of 19.17% from the current year.

The current year per capita income in your area is $28,076, compare this to the Entire US average, which is $28,599. The current year average household income in your area is $82,065, compare this to the Entire US average which is $74,533.

EMPLOYMENT

In 2014, there are 248,586 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 65.19% of employees are employed in white-collar occupations in this geography, and 34.68% are employed in blue-collar occupations. In 2014, unemployment in this area is 9.79%. In 2000, the average time traveled to work was 32.0 minutes.

POPULATION

In 2014, the population in your selected geography is 609,162. The population has changed by 9.41% since 2000. It is estimated that the population in your area will be 621,323 five years from now, which represents a change of 1.99% from the current year. The current population is 49.49% male and 50.50% female. The median age of the population in your area is 35.7, compare this to the Entire US average which is 37.3. The population density in your area is 7,754.67 people per square mile.

RACE AND ETHNICITY

The current year racial makeup of your selected area is as follows: 55.85% White, 4.70% Black, 0.14% Native American and 12.99% Asian/Pacific Islander. Compare these to Entire US averages which are: 71.60% White, 12.70% Black, 0.18% Native American and 5.02% Asian/Pacific Islander.

People of Hispanic origin are counted independently of race. People of Hispanic origin make up 44.23% of the current year population in your selected area. Compare this to the Entire US average of 17.13%.

SUMMARY – 5 MILE RADIUS

Demographic data © 2012 by Experian. 17

EXCLUSIVELY LISTED BY

James YangNational Retail GroupCA BRE License #01932163213.943.1863 direct213.943.1800 mainjames.yang@marcusmillichap.com

Andrew KimNational Retail GroupCA BRE License #01947008213.943.1894 direct213.943.1800 mainandrew.kim@marcusmillichap.com

Marcus & Millichap 515 S. Flower StreetSuite 500Los Angeles, CA 91106213.943.1800213.943.1810 faxmarcusmillichap.com

7600 Reseda Boulevard SHOPPING NEIGHBORHOOD | RESEDA, CA