www.retailcalifornia.com

• FREESTANDING BUILDING• CORPORATE GUARANTY• NEW 15-YEAR ROOF WARRANTY

2318 S. Airport Way, Stockton, CA, 95206

FAMILY DOLLAR STOCKTON, CA NET LEASED INVESTMENT SALE

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www.retailcalifornia.com

The subject property is a ten (10) year Net Leased Family Dollar in Stockton, CA. The lease includes rent increases every five (5) years commencing in year eleven (11) and throughout the option periods.

PRICE: $2,560,000CAP: 6.25%

RENT-ABLE SF: . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,300± SFPRICE PER SF FOR FAMILY DOLLAR:. . . . . . . . . . . . . $126.10 psfLAND AREA: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,100± SFRENT PER SF: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $7.88 per SFNOI:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $160,000.08 annually

LEWIS SMITH, SENIOR V.P.lsmith@retailcalifornia.com | (559) 447-6235CA BRE# 01214178

JOHN LEE, SENIOR V.P.jlee@retailcalifornia.com | (559) 447-6257 CA BRE# 01406883

Retail California CREA division of Pearson Realty7480 North Palm Avenue, Suite 101Fresno, CA 93711P 559 256-1700F 559 256-7328

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OFFERING

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AGENT CONTACT INFO

LOCATION HIGHLIGHTSThe subject property is a ten (10) year Net Leased Family Dollar in Stockton, CA. The lease includes four (4) 5-year options with rent increases every five (5) years. This is an underserved retail market located in a heavily populated area of South Stockton, CA.

CREDIT TENANTIn July 2015, Family Dollar was acquired by Dollar Tree, Inc. Post-merger, the combined company has a net worth of $4.40 billion, produces annual revenues in excess of $19 billion, and operates more than14,000 stores making it the largest discount retailer in North America.

LEASE• 10 year lease with rent increases in the option periods.• Minimal Landlord responsibility. Landlord is responsible

for roof and structure.• Corporate Guaranty• New 15-Year Roof Warranty

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PRIMARY COMPONENTS

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FAMILY DOLLAR SITE CIRCULATION - 2318 AIRPORT WAY, STOCKTON, CA 95206

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FAMILY DOLLAR SITE AERIAL - 2318 AIRPORT WAY, STOCKTON, CA 95206

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INCOME & EXPENSE

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PRICE: $2,560,000

Price per Square Foot: $126.10

Capitalization Rate: 6.25%

Total Rent-able Area (SF): 20,300± SF

Lot Size (acres) 39,000± SF

STABILIZED INCOME PER SQUARE FOOT

Scheduled Rent - Family Dollar: $7.88 $160,000

Effective Gross Income: $7.88 $160,000

LESS PER SQUARE FOOT

Taxes: NNN Paid by Tenant

Insurance: NNN Paid by Tenant

Total Operating Expenses NNN Paid by Tenant

EQUALS NET OPERATING INCOME $160,000

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.

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RENT ROLL

TENANT INFO LEASE TERMS RENT SUMMARY

Tenant Name Sq. Ft. Years Current Annual Rent Monthly Rent Annual Rent Monthly Rent/SF Yearly Rent/SFFamily Dollar, Inc. 20,300 Through 3/31/28 $160,000.08 $13,333.34 $160,000.08 $0.66 $7.88

Option 1 11 through 15 $14,116.67 $169,400.04 $0.70 $8.34Option 2 21 through 25 $15,528.34 $186,340.08 $0.76 $9.18Option 3 26 through 30 $17,081.17 $204,974.04 $0.84 $10.10Option 4 31 through 35 $18,789.25 $225,471.00 $0.93 $11.11

Current Totals: 20,300 $160,000.08 $13,333.34 $160,000.08 $0.66 $7.88

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 innacuracies.

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SITE PLAN

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 innacuracies.

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TENANT OVERVIEW

ABOUT FAMILY DOLLAR

For more than 55 years, Family Dollar has been providing value and convenience to customers in easy-to-shop neighborhood locations. Family Dollar’s mix of name brands, and quality, private brand merchandise appeals to shoppers in more than 8,200 stores in rural and urban settings across 46 states. Helping families save on the items they need with everyday low prices creates a strong bond with customers who refer to their neighborhood store as “my Family Dollar.” Family Dollar, headquartered in Matthews, North Carolina, is a wholly-owned subsidiary of Dollar Tree, Inc. of Chesapeake, Virginia. For more information contact Family Dollar at:

1032 Monroe Road, Matthews. NC 28105Ph. (704) 847-6961www.familydollar.com

In July, 2015, Family Dollar was acquired by, Dollar Tree, Inc (DLTR). The acquisition price for Fami-ly Dollar was $9 billion in cash and Dollar Tree stock. The combined Dollar Tree-Family Dollar entity is now the largest discounter in North America with over 13,000 stores in 48 states and Canada with annual sales over $20 billion. Both brands will continue to operate separately.

For the fiscal year ending August, 2014, DLTR sales were $20.72 billion and net income was $896 million.

NUMBER OF EMPLOYEES50,000

2014 SALES10.49 Billion

NUMBER OF LOCATIONS8,100

www.familydollar.com

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1 Mile 3 Miles 5 Miles

2010 15,984 105,049 185,640 2017 16,282 109,416 194,816 2022 16,814 114,171 204,313

1 Mile 3 Miles 5 Miles

Median $27,499 $33,069 $36,981 Average $42,196 $45,961 $51,201

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DEMOGRAPHICS FAMILY DOLLAR LOCATION

POPULATION GROWTH

2017 HOUSEHOLD INCOMES

STOCKTON & SAN JOAQUIN COUNTY SUMMARY CA REGIONAL MAP

Stockton, CA is located in the San Joaquin Valley within San Joaquin County, 83± miles from San Francisco and 101± miles to South Lake Tahoe. In 2018, Stockton’s population is estimated to be 291,707 within city limits. Stockton is home to the largest inland seaport in California. The Port of Stockton is the easternmost inland seaport in California.

San Joaquin County has a diverse population of approximately 685,306 people in 2017. Its county seat is Stockton. The County was developed for ranching and agriculture. It attracted more miners and settlers at the time of the California Gold Rush. The county is located in Northern California’s Central Valley, just east of the less extensive nine-county San Francisco Bay Area region.

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LEWIS SMITH, SENIOR V.P.(559) 447-6235lsmith@retailcalifornia.com CA BRE# 01214178

JOHN LEE, SENIOR V.P.(559) 447-6257jlee@retailcalifornia.comCA BRE# 01406883

Retail California, a division of Pearson Realty - 7480 North Palm Avenue, Suite 101 Fresno, CA 93711 · P 559 256-1700 · F 559 256-7328www.retailcalifornia.com

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