INVESTMENT OPPORTUNITY

NEIGHBORHOOD SHOPPING CENTER NEIGHBORHOOD SHOPPING CENTER

Independently Owned and Operated

3739-3929 MING AVENUE | BAKERSFIELD, CA 93309

MING PLAZA

EXCLUSIVELY MARKETED BY

COMMUNICATIONAll communication, inquiries and requests should be addressed to Newmark Grubb ASU & Associates, as representatives of the Seller.

DOCUMENT CENTERInvestors agreeing to the terms and conditions set forth in the confi dentiality agreement can request forms of the offering memorandum, operating statements, rent roll, and other information that should be useful in your evaluation of the property. For questions regarding the documents please contact Anthony Scigliano 661.616.3580.

Independently Owned and Operated

ANTHONY SCIGLIANO Senior Vice President

tscig@asuassociates.com(661) 616-3580 directBRE License No. 00904956

OFFERING MEMORANDUM

DISCLOSURES, NOTICES & CONFIDENTIALITY 04

LOCATION 05

EXECUTIVE SUMMARY 06-08

INVESTMENT RATIONALE 09-10

SITE PLAN 11

RENT ROLL 12-16

RETAILER SUMMARY 17-18

PHOTO GALLERY 19-25

CITY/COUNTY OVERVIEW 26-29

MING PLAZA

The enclosed Offering Memorandum Package has been prepared solely for informational purposes to assist a Prospective Purchaser in determining whether it wishes to proceed with an in-depth investigation of the property described herein. It is intended solely for your limited use and benefi t in determining whether you desire to express any further interest in the purchase of the Property.

Prospective Purchasers are expected to review independently all documents related to the Property as to the accuracy and completeness of the information contained herein. All fi nancial projections are provided for general reference purposes only. These projections have been based upon various assumptions relating to the general economy, competition and other factors beyond the reasonable control of Newmark Grubb ASU & Associates, and, therefore, are subject to material variation.

Newmark Grubb ASU & Associates, and its respective offi cers, employees or agent representatives do not make any representation or warranty, expressed or implied, as to the accuracy or completeness of this Offering Memorandum Package or any of its contents. In this Offering Memorandum Package, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete, nor, necessarily, accurate descriptions of the full agreements involved, nor do they purport to constitute a legal analysis of the provisions of the documents. Interested parties are expected to review inde-pendently such documents.

By receipt of this Offering Memorandum Package, you agree that its contents are of a confi dential nature, that you will hold and treat it in the strictest confi dence and that you will not disclose directly or indirectly this Offering Memorandum Package or any of its contents to any other entity (except affi liates or Prospective Purchas-ers) without the prior written authorization of the Owner and Newmark Grubb ASU & Associates. You also agree that you will not use this Offering Memorandum Package or any of its contents in any manner detrimental to the interest of the Owner and Newmark Grubb ASU & Associates. You also agree not to contact any of the tenants named in the enclosed lease summaries or rent rolls. Photocopying or other mass duplication of this Offering Memorandum Package without the permis-sion of Newmark Grubb ASU & Associates is prohibited.

The information contained in this Offering Memorandum Package was obtained from third parties and/or directly from the Owner, and it has not been independent-ly verifi ed by Newmark Grubb ASU & Associates or its agents. Prospective Purchasers should have the experts of their choice inspect the Property and verify all information. Real estate brokers are not qualifi ed to act as or select experts with respect to legal, tax, environment, building construction, soils-drainage, or other such matters. Additional information and an opportunity to inspect the property will be made available to any interested and qualifi ed Prospective Purchasers. If prior to or upon your review of this Offering Memorandum Package you no longer have any further interest or you do not wish to pursue negotiations leading to this acquisition, please return this Offering Memorandum Package in its original form to this submitting agent at:

Newmark Grubb ASU & Associates2000 Oak Street, Suite 100Bakersfi eld, California 93301

The Property described in this Offering Memorandum Package may be subject to prior sale, modifi cation and/or withdrawal from the market by the Owner at any time without prior notice. Owner and Newmark Grubb ASU & Associates each expressly reserves the right, at their sole discretion, to reject any and all expressions of interest or offers regarding the Property and or terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this Offering Memorandum or making an offer to purchase the property unless and until a written agreement for the purchase of the Property Owner’s obligations thereunder have been satisfi ed or waived. The terms and conditions stated in this “Confi dentiality and Disclaimer” page will relate to all of the sections contained in this Offering Memorandum Package as if stated independently therein.

DISCLOSURES, NOTICES AND CONFIDENTIALITY

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LOCATIONLOCATION

Bakersfield Community Statistics Population 358,597 Median Household Income $54,265

Other Businesses in the Immediate Area Home Depot Toys R Us Petsmart TJ Maxx Bob’s Big Boys Gui tar Center Salvation Army JoAnn Fabr ics Men’s Warehouse FoodMaxx Sears Target Michaels JC Penny Big 5 Sporting McDona ld ’s

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EXECUTIVE SUMMARYEXECUTIVE SUMMARY

Address

PROPERTY SUMMARY

Lot Size (Acres +/- 8.91

Rentable Square Footage (RSF) 119,619

Year Completed 1978

Occupancy 96%

Net Operating Income (NOI) $1,404,827

Offering Price $22,500,000

3739-3929 Ming Avenue Bakersfi eld, CA 93309

EXECUTIVE SUMMARYEXECUTIVE SUMMARYRETAIL LOCATED IN SOUTHWEST BAKERSFIELDRETAIL LOCATED IN SOUTHWEST BAKERSFIELD

Ming Plaza is well positioned to take full advantage of Ming Plaza is well positioned to take full advantage of strong traffic flow with easy access to and from Hwy strong traffic flow with easy access to and from Hwy 99. The property features conservative market rents 99. The property features conservative market rents and pricing is based on the property’s actual in-place and pricing is based on the property’s actual in-place income and expenses. Withincome and expenses. With 119,619 rentable SF allowing 119,619 rentable SF allowing occupancy for many Nationaloccupancy for many National and Credit tenants, such and Credit tenants, such as, as, Ross Dress for Less, Office Max, Chase Bank and Long Ross Dress for Less, Office Max, Chase Bank and Long John Silver’s,John Silver’s, making this neighborhood shopping center making this neighborhood shopping center highly desirable.highly desirable. N o Notable Attributes: Notable Attributes:

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The property is currently 96% leased with 25 of the 26 storefronts occupied. The professionally managed center has been renovated with an extensive capital infusion by the current owner, providing the new owner with no deferred maintenance or near-term capital requirements that could decrease cash flow. Ming Plaza is located on a dominant retail corridor less than 1/4 mile from Highway 99 and Bakersfield’s only enclosed mall, where the average daily traffic count for this area is approximately 55,000 cars. Highly visible location with a well established name in Bakersfield.

Tenants reimburse management fees, allowing for third party management.

An opportunity to close this property with all cash or by An opportunity to close this property with all cash or by obtaining new financing at current favorable rates.obtaining new financing at current favorable rates.

MING PLAZA

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EXECUTIVE SUMMARYEXECUTIVE SUMMARY

Ming Plaza undeniably represents one of Bakersfield’s most established retail areas. Ming Plaza undeniably represents one of Bakersfield’s most established retail areas. Ming Avenue has been a commanding retail corridor for many years. Ming Avenue has been a commanding retail corridor for many years. Ming Plaza has a long history of tenant stabil ity and has consistently enjoyed the highest occupancy rate in the trade area. That coupled Ming Plaza has a long history of tenant stabil ity and has consistently enjoyed the highest occupancy rate in the trade area. That coupled with great name recognition, favorable co-tenancy, high traffic counts and strong foot traffic has solidif ied Ming Plaza as one of the dominate with great name recognition, favorable co-tenancy, high traffic counts and strong foot traffic has solidif ied Ming Plaza as one of the dominate shopping centers in the area. shopping centers in the area.

Outstanding AccessOutstanding Access Located at the corner of Ming Avenue and Akers Road, Ming Plaza is well positioned for easy access to and from Highway 99, just 1/4 mile Located at the corner of Ming Avenue and Akers Road, Ming Plaza is well positioned for easy access to and from Highway 99, just 1/4 mile to the east of the property. to the east of the property.

INVESTMENT RATIONALEINVESTMENT RATIONALE

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INVESTMENT RATIONALEINVESTMENT RATIONALE

Lot Size (Acres) +/- 8.91

PROPERTY SUMMARY

Rentable Square Footage (RSF) 119,619

Purchase Price per RSF $188.09

Year Completed 1978

No. of Parking Spaces 401

Net Operating Income (NOI) $1,404,827

Occupancy 96%

Neither owner nor Newmark Grubb ASU & Associates have confirmed square Neither owner nor Newmark Grubb ASU & Associates have confirmed square footage measurements for the subject or other properties referenced within this footage measurements for the subject or other properties referenced within this brochure.brochure.

CAP Rate 6.25%

Property Address 3739-3929 Ming Avenue

Bakersfi eld, CA

APN No. 440-012-01, 440-012-02, 440-012-03

440-012-04, 440-012-09, 440-012-10

Base Rental Revenue $1,542,700.00

OPERATING CASH FLOW

INCOME

Reimbursed Expenses $ 343,734.00 Total Income $1,886,434.00

Gross Operating Income $1,792,112.00 EXPENSES Property Taxes $ 100,901.00 Insurance $ 23,402.00 Water $ 13,910.00 Sewer $ 1,372.00 Trash $ 39,157.00 Security $ 45,886.00 Sweeping $ 18,840.00 Landscaping $ 21,681.00 Janitorial $ 25,338.00 Electricity $ 15,861.00 Property Management $ 54,949.00 Pest Control $ 4,030.00 Non-Reimbursed Expenses $ 43,550.00 Total Expenses $ 387,284.00 Net Operating Income $1,404,827.00

Less Vacancy $ 94,321.00

Offering Price $22,500,000

Fianancing All Cash or Cash to New Loan

Property Type Neighborhood Shopping Center

Property Location SEC Ming Avenue & Akers Road

SITE PLANSITE PLAN

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MING AVENUEMING AVENUE

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1. The Avenue 1. The Avenue 2. Game Stop 2. Game Stop 3. Dazzle Hair Salon 3. Dazzle Hair Salon 4. Family Clothes4. Family Clothes

5. Ross Dress for Less 5. Ross Dress for Less 6. Offi ce Max 6. Offi ce Max 7. Roco’s Jewelry 7. Roco’s Jewelry 8. VACANT 8. VACANT

9. L.A. Touch 9. L.A. Touch 10. Heel Quick Shoe Repair 10. Heel Quick Shoe Repair 11. Brinks Deli 11. Brinks Deli 12. Panda Buffet12. Panda Buffet

13. Cheers of Bakersfi eld 13. Cheers of Bakersfi eld 14. Advance America 14. Advance America 15. Jackson Hewitt 15. Jackson Hewitt 16. Cigarette World16. Cigarette World

17. Los Cobos 17. Los Cobos 18. LV Nails 18. LV Nails 19. 19. Pita House Restaurant 19. Pita House Restaurant 20. Rent-a-Center 20. Rent-a-Center

21. Comfort Dental 21. Comfort Dental 22. Cycle Gear 22. Cycle Gear 23. Dunn Edwards Paint 23. Dunn Edwards Paint 24. Chase Bank24. Chase Bank

25. John’s Burgers 25. John’s Burgers 26. Long John Silver’s 26. Long John Silver’s

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RENT ROLLRENT ROLLLEASING TERMSRETAILER

The Avenue Suite #3759 5,000 SF Current Rent: $7,917/mo Price Per SF: $1.583 Lease Terms: 05/01/2012 - 01/31/2017

2 Game Stop Suite #3743 1,326 SF Current Rent: $2,587.91/mo Price Per SF: $1.952 Lease Terms: 02/01/2014 - 01/31/2017

3 Dazzle Hair Salon Suite #3745 1,400 SF Current Rent: $2,042/mo Price Per SF: $1.459 Lease Terms: 01/01/2013 - 01/01/2015

4 Family Clothes Suite #3757 7,000 SF Current Rent: $6,574.34/mo Price Per SF: $0.939 Lease Terms: 07/01/2014 - 06/30/2019

5 Ross Dress for Less Suite #3759 27,369 SF Current Rent: $15,965.25/mo Price Per SF: $0.583 Lease Terms: 02/01/2013 - 01/31/2018

1 Previous Leasing Options Escalations 02/01/2012 - 01/31/2017 2-5 years 05/01/12-01/31/14 $5,625 03/01/2000 - 01/31/2012 02/01/14-04/30/14 $5,938 05/01/14-01/31/17 $7,917

Previous Leasing Options Escalations 02/01/2009 - 01/31/2014 None 02/01/14-01/31/17 $2,857.91 02/01/2006 - 01/31/2009 02/01/2003 - 01/31/2006

Previous Leasing Options Escalations 07/01/2009 - 06/30/2014 1-5 years 07/01/14-06/30/16 $8,452.50* 07/01/16-06/30/18 $8,875.13* 07/01/18-06/30/19 $9,318.88*

Previous Leasing Options Escalations 08/01/2007 -01/31/2013 2-5 years 08/01/07-01/31/13 $15,965.25 09/01/1977 - 07/31/1992 02/01/13-01/31/18 $15,965.25

02/01/2000 - 01/31/2003

Previous Leasing Options Escalations 02/01/2008 - 01/01/2013 None 01/01/13-01/01/15 $2,042 02/01/2003 - 01/31/2008 02/01/2002 - 02/01/2003 01/01/1996 - 12/31/2001 11/01/1990 - 10/31/1995

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LEASING TERMSRETAILER

Office Max Suite #3761 22,768 SF Current Rent: $17,550.33/mo Price Per SF: $0.771 Lease Terms: 04/01/2013 - 03/31/2018

7 Roco’s Jewelry Suite #3765 1,470 SF Current Rent: $1,656.84/mo Price Per SF: $1.127 Lease Terms: 03/01/2012 - 02/28/2017

9 L.A. Touch Suite #3769 2,660 SF Current Rent: $3,450/mo Price Per SF: $1.297 Lease Terms: 02/01/2013 - 01/31/2018

10 Heel Quick Shoe Repair Suite #3771 1,260 SF Current Rent: $1,799.87/mo Price Per SF: $1.428 Lease Terms: 02/01/2012 -01/31/2017

11 Brink’s Deli Suite #3803 1,960 SF Current Rent: $2,070/mo Price Per SF: $1.056 Lease Terms: 09/01/2011 - 09/01/2016

6 Previous Leasing Options Escalations 08/01/2007 - 03/31/2013 2-5 years 04/01/13-03/31/18 $17,550.33 03/01/2000 - 01/31/2012 Option 1-5 years $18,691.67

Previous Leasing Options Escalations 01/01/2003 - 02/28/2012 None 03/01/12-02/28/13 $1,592.50 01/01/1998 - 12/31/2002 03/01/13-02/28/14 $1,624.35 03/01/14-02/28/15 $1,656.84

Previous Leasing Options Escalations 09/01/2008 - 09/01/2013 2-5 years 09/01/11-09/01/14 $2,070 09/01/1993 - 09/01/1998 09/01/14-09/01/16 $2,300

03/01/15-02/28/16 $1,689.97

Previous Leasing Options Escalations 12/01/2005 - 11/30/2010 None 02/01/13-01/31/14 $3,325 12/01/2000 - 11/30/2005 02/01/14-01/31/15 $3,450 09/15/1995 - 09/15/2000 02/01/15-01/31/16 $3,600 09/15/1990 - 09/14/1995 02/01/16-01/31/17 $3,750 02/01/17-01/31/18 $3,900

RENT ROLLRENT ROLL

03/01/16-02/28/17 $1,723.77

Previous Leasing Options Escalations 02/01/2007 - 01/31/2012 None 02/01/12-02/28/12 $1,625.00 01/15/2002 - 01/15/2007 03/01/12-01/31/13 $1,729.98 02/01/13-01/31/14 $1,764.58 02/01/14-01/31/15 $1,799.87 02/01/15-01/31/16 $1,835.87 02/01/16-01/31/17 $1,872.59

09/07/1988 - 08/31/1993

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LEASING TERMSRETAILER

Panda Buffet Suite #3805 2,940 SF Current Rent: $3,899.94/mo Price Per SF: $1.327 Lease Terms: 11/01/2011 - 10/31/2016

13 Cheers of Bakersfield Suite #3809 980 SF Current Rent: $1,479.26/mo Price Per SF: $1.509 Lease Terms: 09/01/2011 - 08/31/2016

14 Advance America Suite #3811 1,960 SF Current Rent: $2,500/mo Price Per SF: $1.276 Lease Terms: 09/01/2013 - 08/31/2016

15 Jackson Hewitt Tax Services Suite #3811 B 1,560 SF Current Rent: $2,184/mo Price Per SF: $1.400 Lease Terms: 05/01/2013 - 04/30/2016

16 Cigarette World Suite #3815 1,470 SF Current Rent: $1,655/mo Price Per SF: $1.126 Lease Terms: 05/01/2013 - 06/30/2018

12 Previous Leasing Options Escalations 11/01/2006 - 10/31/2011 1-5 years 11/01/11-03/31/12 $3,675 03/01/2000 - 01/31/2012 04/01/12-10/31/12 $3,748.50

Previous Leasing Options Escalations 09/01/2010 - 08/31/2013 1-3 years 09/01/13-08/31/16 $2,500 09/01/2007 - 08/31/2010 (90 Days Notice) 09/01/2004 - 08/31/2007 $2,652/mo 09/01/2001 - 08/31/2004 09/01/1996 - 08/31/2001

Previous Leasing Options Escalations 06/01/2011 - (---) None 01/01/2006 - 05/31/2011

11/01/12-10/31/13 $3,823.47 11/01/13-10/31/14 $3,899.94 11/01/14-10/31/15 $3,977.94 11/01/15-10/31/16 $4,057.50

Previous Leasing Options Escalations 09/01/2006 -08/31/2011 None 09/01/11-02/29/12 $1,340 03/01/11-08/31/12 $1,421.82 09/01/12-08/31/13 $1,450.25 09/01/13-08/31/14 $1,479.26 09/01/14-08/31/15 $1,508.84 09/01/15-08/31/16 $1,539.02

Previous Leasing Options Escalations 1-5 years 05/01/13-05/31/13 $1,655 06/01/13-06/30/13 Free of Min Rent 07/01/13-06/30/15 $1,655 07/01/15-06/30/16 $1,728.50 07/01/16-06/30/17 $1,802 07/01/17-06/30/18 $1,875.50

RENT ROLLRENT ROLL

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LEASING TERMSRETAILER

Los Cabos Restaurant Suite #3819 2,800 SF Current Rent: $3,640/mo Price Per SF: $1.300 Lease Terms: 08/01/2008 - 07/31/2018

18 LV Nails Suite #3821 1,050 SF Current Rent: $1,661/mo Price Per SF: $1.582 Lease Terms: 09/01/2009 - 08/31/2014

20 Rent-a-Center Suite #3825 A 4,840 SF Current Rent: $4,840/mo Price Per SF: $1.000 Lease Terms: 07/07/2013 - 12/31/2017

19 Pita House Restaurant Suite #3825 B 1,260 SF Current Rent: $1,575/mo Price Per SF: $1.250 Lease Terms: 12/01/2008 - 12/01/2018

21 Comfort Dental Suite #3833 2,800 SF Current Rent: $2,856/mo Price Per SF: $1.020 Lease Terms: 10/01/2002 - 09/30/2017

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Previous Leasing Options Escalations 01/01/2008 - 12/31/2012 1-5 years 01/01/08-12/31/12 $4,809.94 01/01/2003 - 12/31/2007 01/01/13-12/31/17 $4,840 09/17/1998 - 12/31/2002 Option 01/01/18-12/31/23 $5,243.33

Previous Leasing Options Escalations 1-5 years 08/01/08-07/31/13 $3,500 08/01/13-07/31/14 $3,640 08/01/14-07/31/15 $3,785.60 08/01/15-07/31/16 $3,937 08/01/16-07/31/17 $4,094.50 08/01/17-07/31/18 $4,258.25

Previous Leasing Options Escalations 09/01/2006 - 08/31/2009 None 09/01/09-08/31/10 $1,420 09/01/2003 - 08/31/2006 09/01/10-08/31/11 $1,477 09/01/11-08/31/12 $1,536 09/01/12-08/31/13 $1,598 09/01/13-08/31/14 $1,661

Previous Leasing Options Escalations 12/01/2011 - 11/30/2013 1-5 years 12/01/12-12/01/13 $1,512 12/01/13-12/01/14 $1,575 12/01/14-12/01/15 $1,638 12/01/15-12/01/16 $1,701

12/01/16-12/01/17 $1,764 12/01/17-12/01/18 $1,827

Previous Leasing Options Escalations 10/01/2007 - 09/30/2012 2-5 years 10/01/12-09/30/13 $2,800 09/22/2002 - 09/30/2007 10/01/13-09/30/14 $2,856 10/01/14-09/30/15 $2,913 10/01/15-09/30/16 $2,971 10/01/16-09/30/17 $3,031

RENT ROLLRENT ROLL

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RENT ROLLRENT ROLLLEASING TERMSRETAILER

Cycle Gear Suite #3915 5,000 SF Current Rent: $5,911.50/mo Price Per SF: $1.182 Lease Terms: 05/18/2012 - 04/30/2022

23 Dunn Edwards Paints Suite #3929 7,000 SF Current Rent: $7,428.46/mo Price Per SF: $1.061 Lease Terms: 10/01/2014 - 09/30/2017

24 Chase Bank Suite #3901 5,017 SF Current Rent: $10,034/mo Price Per SF: $2.000 Lease Terms: 04/01/2013 - 03/31/2018

25 John’s Burgers Suite #3835 2,372 SF Current Rent: $7,164.30/mo Price Per SF: $3.020 Lease Terms: 01/01/2008 - 01/01/2018

26 Long John Silver’s Suite #3801 1,784 SF Current Rent: $4,400/mo Price Per SF: $2.466 Lease Terms: 01/01/2007 - 12/31/2017

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Previous Leasing Options Escalations 04/01/2008-03/31/2013 3-5 years 04/01/13-03/31/18 $10,034

Previous Leasing Options Escalations None 06/07/12-04/30/14 $5,489.25 05/01/14-04/30/17 $5,911.50 05/01/17-04/30/20 $6,333.75 05/01/20-04/30/22 $6,756

Previous Leasing Options Escalations 08/01/2009-09/30/2014 2-3 years 10/01/14-09/30/15 $7,577.03 10/01/15-09/30/16 $7,728.57 10/01/16-09/30/17 $7,883.14

Previous Leasing Options Escalations 2-5 years 01/01/12-12/31/12 $6,753.05 01/01/13-12/31/13 $6,955.64 01/01/14-12/31/14 $7,164.30 01/01/15-12/31/15 $7,379.24 01/01/16-12/31/16 $7,600.60 01/01/17-12/31/17 $7,828.65

Previous Leasing Options Escalations 1977-1997 1-5 years 01/01/07-12/31/11 $4,000 01/01/12-12/31/17 $4,400

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RETAILER SUMMARYRETAILER SUMMARY

Ross Stores, Inc. is an S&P 500, Fortune 500 and Nasdaq 100 (ROST) company head-quartered in Dublin, California, with fiscal 2013 revenues of $10.2 bil l ion. The Company operates Ross Dress for Less® (“Ross”), the largest off-price apparel and home fashion chain in the United States with 1,146 locations in 33 states, the District of Columbia and Guam at f iscal 2013 year end. Office Depot and OfficeMax completed our merger of equals on November 5, 2013. By combining our two companies, we’ve become a $17 bil l ion company and a stronger, more efficient global provider of office products, services, and solutions. Our team of associates is fully committed to setting a new standard for serving the workplaces of today and tomorrow through innovation and exceptional customer experiences.

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global f inancial services firm with assets of $2.3 tri l l ion and operations in more than 60 countries. We are the neighborhood bank for thousands of communities across the country. We serve approximately one of out of every six Americans through more than 5,600 bank branches; 20,000 ATMs.

The business includes both retail stores and ecommerce and has grown into the leading Plus Size Specialty Retailer. With approximately 300 stores, Avenue sells everything to keep your closet on trend season after season. Offering beloved brands l ike Cloudwalk-ers® Comfort Shoes and Maidenform® shapewear, Avenue Body® and Kenneth Cole Reaction handbags, you’l l f ind everything you need to complete an outfit for work, play and everything in between. Since 1925, Dunn-Edwards Corporation has been the leading manufacturer and supplier of architectural and industrial coatings in the Southwest, providing a complete l ine of paints and painting supplies to professionals and quality-conscious consumers. Head-quartered at its main office in Los Angeles, California, Dunn-Edwards Corporation has a manufacturing plant in Phoenix, Arizona. The company operates more than 114 stores throughout California, Arizona, Nevada, New Mexico and Texas. Cycle Gear is the largest and fastest growing retailer of motorcycle parts and apparel in America. Our relentless commitment to a 100% Customer Satisfaction Guarantee has been the cornerstone of our success since we opened our first t iny store in Northern California in 1974. A lot of things have changed in our stores since the first one opened in Richmond, California in 1974. But one important thing hasn’t changed, and never wil l…our commitment to outstanding customer service. Even after growing to 100+ stores in 30 states.

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RETAILER SUMMARYRETAILER SUMMARY

A global multichannel video game, consumer electronics and wireless services retailer with more than 6,600 stores worldwide, GameStop is a family of specialty retail brands that makes the most popular technologies affordable and simple.

Since 1997, mill ions of customers have trusted Advance America to provide flexible and personalized financial solutions to meet their needs. Our Company has grown from just a few centers in the Southeast United States to become one of the nation’s largest consumer lending companies, with more than 2,400 locations offering a variety of f inancial services.

Rent-A-Center is the largest rent-to-own operator in the United States with an approximate 32% market share based on store count as of June 30, 2014. At June 30, 2014, Rent-A-Center operated approximately 3,023 company-owned stores nationwide, Canada, and in Mexico and Puerto Rico.

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CITY/COUNTY OVERVIEWCITY/COUNTY OVERVIEW

Good News! Recent Headlines about Bakersfield & Kern County:

Ranked No.1 large metro for Real GDP (Gross Domestic Product) growth in the nation – U.S. Bureau of Labor and Statistics 2011

Ranked Top 20 strongest metro for recovery from recession in the nation – The Brookings Institution 2011

Ranked Top 3 large metro for job growth in the state – U.S. Bureau of Labor and Statistics 2011

Ranked Top 2 county on its way to economic recovery in the state – Southern California Assoc. of Governments 2011

Top large metro for annual economic growth rate in the nation – HIS Global Insights 2012 Ranked Top 3 major county for growth of average compensation per job in the state – 23% increase – U.S. Bureau of Labor and Statistics 2011 Kern County ranks 9th among “America’s Engineering Capitals,” - Forbes 2013

Kern County ranted as the 7th most improved metro economy over the past six months - On Numbers 2013 Bakersfield, CA’s two quarter forecast of 5.2% puts this metro in the lead for short term anticipated gains out of the top 50 metros. Bakersfield moved from 29 in March’s Forecast to the first position in June. This leap is an ex-ample of the fundamentals driving the overall recovery. - Ohio Business Journal 2013 Ranked Top 2 county for rate of wage growth in the state – Bizjournals.com - U.S. Bureau of Labor and Statistics 2011

Kern County Overview Established in 1866, Kern County is referred to as California’s Golden Empire and with l itt le wonder. It was first settled because of the gold found throughout the valley and later for the rich “black gold” that continues to be a mainstay for local economy - Kern County being the leading oil producer in the continental U.S. Kern County also has a rich heritage as a copious farming region. The Central Valley dominates agricultural production in California with Kern County ranking 4th in the state. Its exports are many, making it the breadbasket for the nation as well as the world.

The superior quality of l i fe within Kern County is marked by some of the lowest housing prices in California. With a hospitable community, lots to do and a low cost of l iving, this is the place to be!

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Bakersfield Overview For centuries the Yokuts Indians thrived in the San Joaquin Valley. With a plethora of lakes and rivers and plenty of hunting, it was an ideal settlement. So when Padre Francisco Garces stumbled upon this hidden treasure in 1776, he immediately predicted it would blossom into a commercial success. But another 90 years lapsed before his vision started taking shape, primarily in the form of one couple, Colonel Thom-as Baker and his wife, Ellen. Through their dedication and hospitality, the stage was set for incredible growth and prosperity. Init ially, the area was used to feed the l ivestock of families trekking northward through the El Tejon Pass seeking home sites. The Colonel would invite the weary travelers to rest overnight. The growing township was soon labeled with the moniker Baker ’s Field. Thus, in 1898, in honor of two of its earliest settlers, “Bakersfield” was incorporated.

Early in its history Bakersfield established itself as a caring community with strong leadership manifested in its proactive government. It came as no surprise then when it was designated as the county seat in 1864. Colonel Baker formally laid out the town in 1869, and within two years the city had a telegraph office, two stores, a newspaper, two boarding houses, one doctor, a wagon shop, a harness shop, one attorney, a saloon, and fifty school pupils. Bakersfield has certainly prospered since then. To the 250,000 current residents, this hospitable city has continued to engender a hometown feel while providing many of the amenities found in larger cit ies.

Bakersfield, the 9th largest city in the state of California, is located at the southern end of California’s Central Valley. Strategically located approximately 110 miles north of Los Angeles.

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Community There is also a goldmine of recreational and tourism activi-t ies. With its three climate zones -- valley, mountains, and high desert -- Kern County has something for everyone. Whether kayaking down the rapids of the Kern River, stroll-ing among wild flowers, visit ing the giant sequoia trees, or rock climbing in the desert, Kern County is a nature-lovers paradise. Furthermore, among the local hot spots is sev-eral country clubs, numerous premium golf courses, muse-ums, art galleries, and a variety of musical, sporting, and cultural events at Rabobank Arena. In an hour or less, you could be enjoying the best f ishing and camping in the state at Sequoia National Park, or sunbathing on one of Califor-nia’s world-famous beaches.

A September 2012, LA Times article, writes:

“This mid-size city… has reclaimed an old title: BOOM-TOWN. Bakersfield has been adding population and jobs at a brisk pace and is a few thousand jobs from matching its peak employment level of five years ago. A price-fueled energy bonanza, low corporate operat-ing costs and an advantageous location ate contribut-ing to the area’s good fortune.”

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Commerce More than just agriculture and oil, this community has a diverse industrial market. From high-tech computer and manufacturing companies to state-of-the-art telecommuni-cation giants, a variety of organizations have been drawn to the valley, including the nation’s top aviation research facil i ty. Its centralized location at the southern end of the San Joaquin Valley makes Kern County easily accessi-ble and offers convenient passage not only through the state but also across the US. This has been instrumental in transforming Kern County into a hub for some of the world’s largest companies. With such a strong presence of high profi le companies and research facil i t ies, many upper-level professionals have been drawn to the area. The majority of these have been families, as Bakersfield has the reputation for being a fam-ily-oriented town with affordable housing and a low cost of l iving. In the Metro Bakersfield area, commute time is usually 20 minutes or less. The majority of residents work within the county, so there is only a handful of in and out commuters. Some prefer to l ive in Metro Bakersfield and drive out to jobs in neighboring communities.

Technology Found at the leading edge of technology, the Naval Weapons Center, China Lake and the Air Force Flight Test Center at Edward’s Air Force base are central to national defense.

Agriculture Agriculture has been a mainstay of Bakersfield’s commerce for more than a century. By harnessing the flow of water from the Kern River, this region has been transformed into some of the most productive land in existence with over 250 different crops. Those who farm it are considered to be among the world’s best. This has meant steady revenue and an increase in jobs for the city, creating positions of labor, administration and legislation. Many of these businesses additionally improve the quality of l i fe for resi-dents by supporting a variety of cultural and educational programs as well as charit ies.

Grimmway Farms is the largest carrot producer in the world and is the County’s largest private employer.

Energy & Natural Resources Energy & Natural ResourcesIn the second half of the 19th century, two pivotal discoveries were made - gold in 1851, followed by oil fourteen years later. These important f indings ensured a rich cultural diversity for the area. Today, Kern County is vital to the nation’s energy pool, Bakersfield being a beneficiary of the petroleum industry’s success. It is here that the key components necessary for the smooth operation of oil production, refining, and marketing have united. Several major oil companies have provided the capital and technology nec-essary for the continued development of the industry.

Setting the pace as California’s leading oil producer, Aera Energy LLC is headquartered in Bakersfield and employs over 950 residents, not to men-tion hundreds of contracting companies.

The San Joaquin Valley Region offices of Chevron have consolidated into a total of 150,000 square feet located in the University Centre Submarket.

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Housing The primary residential growth areas of Bakers-field, Northwest and Southwest, continue to at-tract the majority of new home construction with South Bakersfield along the Highway 99 corridor a distant third. The City of Bakersfield’s Planning Department indicated that approximately 90% of new home construction for the period 2000 to 2005 occurred west of the Gosford/Coffee Road north/south arterial based upon existing and ten-tative tract map activity. Other residential communities with noteworthy planned developments include the South Bakers-field/Highway 99 corridor with the addition of new entry-level residential neighborhoods that wil l be supported with a number of planned retail sites. The Northeast Bakersfield area has also expe-rience a substantial increase in new home con-struction over the past 10 years with the comple-tion of infrastructure to make available water and sewer connections.

Climate Bakersfield covers approximately 110 square miles and is 492 feet above sea level. It is partial-ly surrounded by three mountain ranges: the Tem-blor range to the west, the Tehachapi range to the south and the Sierra Nevada range to the east. The Kern River flows through the valley; the fast-est fall ing river in the United States. Bakersfield is centrally located about 90 miles north of Los Angeles, 90 miles south of Fresno, and 90 miles east of the Pacific ocean, which puts Bakersfield close to a variety of recreational and business resources. Generally, temperatures are mild year round. Summers are warm and dry, winters are cool with mild rainfall, and snow about once every 30 years!

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