SINGLE TENANT ABSOLUTE NNN Investment Opportunity

9664 CAMPO ROAD

SPRING VALLEY CALIFORNIAACTUAL SITE

2 NATIONAL NET LEASE GROUP

EXCLUSIVELY MARKETED BY

SAM HANNASenior Vice PresidentSRS National Net Lease Group

3131 Camino Del Rio N, Suite 310San Diego, CA 92108D 619.489.9003 Sam.Hanna@srsre.com CA License No. 01242719

JACK QASHATAssociateSRS National Net Lease Group

3131 Camino Del Rio N, Suite 310San Diego, California 92108D 619.489.9002 M 619.354.5225Jack.Qashat@srsre.com CA License No. 01914468

Broker of Record: Garrett Colburn – CA License #01416734

ACTUAL SITE 3 NATIONAL NET LEASE GROUP

5INVESTMENT SUMMARY

Offering Summary | Investment Highlights

8PROPERTY OVERVIEW

Aerials | Site Plan | Location Map

13AREA OVERVIEW

Demographics

15FINANCIALS

Rent Roll | Brand Profile

CONTENTS

ACTUAL SITE 4 NATIONAL NET LEASE GROUP

PROPERTY PHOTO

ACTUAL SITE 5 NATIONAL NET LEASE GROUP

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, Cotija’s Taco Shop investment property located in Spring Valley, California. The tenant, Cotipaz, Inc., currently has more than 5.5 years remaining in their initial lease term with 1 (5-year) option to extend. The lease features a 10% rental increase in August 2020 and at the beginning of the option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Cotija’s Taco Shop is located near the signalized intersection of Campo Rd. and Kenwood Dr. with a combined traffic count of 30,900 VPD. In addition, the subject property is located just off the State Highway 94 on/off ramp, with 72,000 cars passing by daily. The site is also located just 1 mile away from State Highway 125 (174,000 VPD), a major north/south commuter thoroughfare serving the San Diego area. The subject property is across the street from the Casa De Oro Shopping Center, anchored by Albertson’s and Dollar Tree which help drive consumer traffic to the site. The surrounding trade area also includes other national/credit tenants like Grocery Outlet, CVS, Union Bank and more, which helps further increase customer activity near the site. The 5-mile trade area is supported by a population of over 388,000 residents and nearly 97,000 employees. Residents within 1 mile of the trade area boast an affluent average household income of nearly $99,000.

INVESTMENT SUMMARY

ACTUAL SITE 6 NATIONAL NET LEASE GROUP

Offering

Property Specifications

PRICING $1,584,000

NET OPERATING INCOME $87,120

CAP RATE 5.50%

GUARANTY Corporate

TENANT Cotipaz Inc.

LEASE TYPE Absolute NNN

LANDLORD RESPONSIBILITIES None

Parcel Map

OFFERING SUMMARY

RENTABLE AREA 2,535 SF

LAND AREA 0.56 Acres

PROPERTY ADDRESS 9664 Campo Road Spring Valley, CA 91977

YEAR BUILT 1976

PARCEL NUMBER 500-191-12-00

OWNERSHIP Fee Simple (Land & Building)

ACTUAL SITE 7 NATIONAL NET LEASE GROUP

5.5 Years Remaining | Corporate Guaranteed | Scheduled Rental Increases

• Cotipaz Inc. corporate guaranteed lease• 5.5 years remaining with 1 (5-year) option period to extend• The lease features 10% rental increases in August 2020 and at the

beginning of the option period

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities

• Tenant pays for CAM, taxes, and insurance• No landlord responsibilities• Ideal, management-free investment for a passive investor

Across From Albertson’s & Dollar Tree Anchored Center• The subject property is located directly across from the Casa De Oro

Shopping Center anchored by Albertson’s and Dollar Tree• Surrounding area includes national/credit tenants Grocery Outlet, CVS,

Union Bank, and more• Strong tenant synergy promotes crossover shopping to the subject

property

Located Near State Highway 94 On/Off Ramp |Close Proximity to State Highway 125

• Nearby direct on/off ramp access to State Hwy 94 (72,000 VPD)• Close proximity to State Hwy 125 (174,000 VPD), a major commuter

thoroughfare for the San Diego area

Strong Demographics in 5-mile Trade Area• More than 388,000 residents and nearly 97,000 employees support

the trade area• Affluent $87,700 average household income

INVESTMENT HIGHLIGHTS

8 NATIONAL NET LEASE GROUP

PROPERTY OVERVIEW

Location

Parking

Access

Parcel

Traffic Counts

Year Built

Improvements

Zoning

Located inSpring Valley, CA

San Diego County

There are approximately 29 parking spaces

on the owned parcel. The parking ratio is

approximately 11.44 stalls per 1,000 SF of leasable area.

Campo Road 2 Access Points

Parcel Number: 500-191-12-00 Acres: 0.56

Square Feet: 24,394

Campo Road 20,000 Cars Per Day

State Highway 94

72,000 Cars Per Day

1976

There is approximately 2,535 SF SF of existing

building area

Commercial

9 NATIONAL NET LEASE GROUP

CAMPO RD.CAMPO RD.

KENW

OOD DR.

KENW

OOD DR.

CONRAD DR.

CONRAD DR.

CARS PER DAY20,000

CARS PER DAY

10,900

10 NATIONAL NET LEASE GROUP

CAMPO RD.

CAMPO RD.

CARS PER DAY20,000

CARS PER DAY72,000

KENWOOD DR.KENWOOD DR.

CARS PER DAY10,900

STATE HIGHWAY 94STATE HIGHWAY 94

STATE HIGHWAY 12

5

STATE HIGHWAY 12

5CARS PER DAY174,000

SPRING VALLEY SPRING VALLEY ACADEMYACADEMY

CASA DE OROCASA DE OROELEMENTARY ELEMENTARY

SCHOOLSCHOOL

SWEETWATER VILLAGESWEETWATER VILLAGE

CASA DE OROCASA DE OROSHOPPING CENTERSHOPPING CENTER

MONTE VISTAMONTE VISTAHIGH SCHOOLHIGH SCHOOL

HIGHLANDSHIGHLANDSELEMENTARY SCHOOLELEMENTARY SCHOOL

SPRING VALLEYSPRING VALLEYELEMENTARY ELEMENTARY

SCHOOLSCHOOL

TRINITYTRINITYCHRISTIAN CHRISTIAN

SCHOOLSCHOOL

MURDOCKMURDOCKELEMENTARY ELEMENTARY

SCHOOLSCHOOL

PYLO

N SI

GN

VALLEY NAILS

CASA DE ORO PROFESSIONAL CENTER

GRECIAN CAFE

11 NATIONAL NET LEASE GROUP

CAMPO RD.CAMPO RD.

CARS PER DAY20,000

12 NATIONAL NET LEASE GROUP

SAN DIEGO22 min 12 miles

CHULA VISTA18 min 12 miles

EL CAJON15 min 6 miles

SPRING VALLEY

LOCATION MAP

2019 ESTIMATED POPULATION

1 Mile 15,994

3 Mile 136,860

5 Mile 388,657

2019 AVERAGE HOUSEHOLD INCOME

1 Mile $98,907

3 Mile $94,419

5 Mile $87,709

2019 ESTIMATED TOTAL EMPLOYEES

1 Mile 3,232

3 Mile 38,599

5 Mile 96,892

13 NATIONAL NET LEASE GROUP

AREA OVERVIEW Spring Valley, California

Spring Valley is a census-designated place in San Diego County, California. The Spring Valley Census Designated Place had a population of 29,882 as of July 1, 2019.

The largest industries in Spring Valley, CA are Health Care & Social Assistance, Retail Trade, and Construction, and the highest paying industries are Utilities, Professional, Scientific, & Technical Services, and Finance & Insurance.

Spring Valley is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Spring Valley is a town of sales and office workers, service providers, and professionals. There are especially a lot of people living in Spring Valley who work in office and administrative support, management occupations, and sales jobs.

City serves Public high school education which is provided by the Grossmont Union High School District. Elementary and middle schools are run by the La Mesa-Spring Valley School District.

The nearest major airport is San Diego International Airport. This airport has international and domestic flights from San Diego, California and is 14 miles from the center of Spring Valley, CA.

San Diego County covers 4,261 square miles, approximately the size of the state of Connecticut, extending 70 miles along the Pacific Coast from Mexico to Orange County and inland 75 miles to Imperial County along the international border shared with Mexico. San Diego County enjoys a wide variety of climate and terrain, from coastal plains and fertile inland valleys to mountain ranges and the Anza-Borrego Desert. The Cleveland National Forest occupies much of the interior portion of the County. County had a population of 3,343,364 as of July 1, 2019.

Principal employers of the County are University of California, San Diego, Naval Base San Diego, County of San Diego, Scripps Health, San Diego Unified School District, Qualcomm Inc, City of San Diego, Kaiser Permanente and UC San Diego Health.

14 NATIONAL NET LEASE GROUP

AREA DEMOGRAPHICS

1 MILE 3 MILES 5 MILES

2019 Estimated Population 15,994 136,860 388,657

2024 Projected Population 16,439 140,888 398,969

2010 Census Population 15,204 129,793 369,830

Projected Annual Growth 2019 to 2024 0.55% 0.58% 0.53%

Historical Annual Growth 2010 to 2019 0.53% 0.59% 0.54%

2019 Estimated Households 5,503 48,123 135,232

2024 Projected Households 5,641 49,400 138,450

2010 Census Households 5,250 45,872 129,437

Projected Annual Growth 2019 to 2024 0.50% 0.53% 0.47%

Historical Annual Growth 2010 to 2019 0.49% 0.54% 0.48%

2019 Estimated White 67.01% 68.64% 65.35%

2019 Estimated Black or African American 11.59% 9.68% 9.90%

2019 Estimated Asian or Pacific Islander 5.26% 6.26% 8.71%

2019 Estimated American Indian or Native Alaskan 0.71% 0.74% 0.71%

2019 Estimated Other Races 14.50% 15.32% 14.27%

2019 Estimated Hispanic 32.64% 34.11% 32.51%

2019 Estimated Average Household Income $98,907 $94,419 $87,709

2019 Estimated Median Household Income $73,679 $72,631 $66,280

2019 Estimated Per Capita Income $34,136 $33,242 $30,544

2019 Estimated Total Businesses 483 4,724 12,264

2019 Estimated Total Employees 3,232 38,599 96,892

ACTUAL SITE 15 NATIONAL NET LEASE GROUP

Lease Term Rental Rates

TENANT NAMESQUARE

FEETLEASE START

LEASE END

BEGIN INCREASE MONTHLY PSF ANNUALLY PSFRECOVERY

TYPEOPTIONS

Cotijas Taco Shop 2,535 Sept. 2015 Aug. 31 2025 Current - $6,600 $2.36 $79,200 $28.29 Absolute NNN 1 (5-Year)

(Corporate Guaranty) Sept. 2020 10% $7,260 $2.59 $87,120 $31.11 10% Increase at Beg. of Option

FINANCIAL INFORMATION

Price $1,584,000

Net Operating Income $87,120

Cap Rate 5.50%

Lease Type Absolute NNN

For financing options and loan quotes:Please contact our SRS Debt & Equity team at debtequity-npb@srsre.com.

RENT ROLL

PROPERTY SPECIFICATIONS

Year Built 1976

Rentable Area 2,535 SF

Land Area 0.56 Acres

Address 9664 Campo Road Spring Valley, CA 91977

REPRESENTATIVE PHOTO 16 NATIONAL NET LEASE GROUP

BRAND PROFILE

COMPANY TYPE LOCATIONS WEBSITE

Private 1 cotijas-mexican-food.business.site

Cotija’s Mexican Food

Cotija’s Mexican Food is a Mexican restaurant in Spring Valley, California serving delicious authentic Mexican food. Cotija’s Mexican Food is owned and operated by a local Spring Valley family.

Whether you’re a local, new in town, or just passing through, you’ll be sure to find something you’ll love and come back again. Authentic Mexican food, original dishes, and home of the shrimp burrito!

RETAIL PROFESSIONALS

275+

OFFICES

25+

LARGEST REAL ESTATE SERVICES FIRMin North America

exclusively dedicated to retail

#1

RETAIL TRANSACTIONS

in 2019 company wide

2100+

PROPERTIES SOLD

in 2019 NNLG

485

TRANSACTION VALUE in 2019 NNLG

$1.5B

SRS NATIONAL NET LEASE GROUP IS THE EXCLUSIVE NET LEASE CAPITAL MARKETS TEAM OF SRS REAL ESTATE PARTNERS.

This Offering Memorandum has been prepared by SRS National Net Lease Group (SRS) and has been approved for distribution by the owner. Although effort has been made to provide accurate information, neither the owner nor SRS can warrant or represent accuracy or completeness of the materials presented herein or in any other written or oral communications transmitted or made

available to the purchaser. Many documents have been referred to in summary form and these summaries do not purport to represent or constitute a legal analysis of the contents of the applicable documents. Neither owner nor SRS represents that this offering summary is all inclusive or contains all of the information a purchaser may require. All of the financial projections and/or conclusions presented herein are provided strictly for reference purposes and have been developed based upon assumptions and conditions in effect at the time the evaluations were undertaken. They do not

purport to reflect changes in the economic performance of the property or the business activities of the owner since the date of preparation of this Offering Memorandum. The projected economic performance of the property, competitive submarket conditions, and selected economic and demographic statistics may have changed subsequent to the preparation of the package. Qualified

purchasers are urged to inspect the property and undertake their own independent evaluation of the property, the market and the surrounding competitive environment.

*Statistics are for 2019

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