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Jiffy Lube6070 Stanford Ranch Rd, Rocklin, CA 95765

OFFERING MEMORANDUM

This Marketing Brochure contains select information pertaining to the business and affairs of Jiffy Lube located at 6070 Stanford Ranch Rd, Rocklin, CA 95765 here to referred to as “Property”. Information in this Marketing Brochure is confidential and provided solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose and may not be made available to any other person without the written consent of the Seller or Matthews Retail Group, Inc.

This Marketing Brochure has been prepared by Matthews Retail Group, Inc. (also known as Matthews Retail Advisors) based in part upon information supplied by the Seller and in part upon financial information obtained from sources deemed reliable by Matthews Retail Group, Inc. However, Matthews Retail Group, Inc. has not and will not verify any of this information, nor has Matthews Retail Group, Inc. conducted any investigation regarding these matters. Matthews Retail Group, Inc. makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any information provided.

It is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material information before completing any purchase. This Marketing Brochure is not a substitute for the Buyer’s thorough due diligence investigation of this investment opportunity. Matthews Retail Group, Inc. expressly denies any obligation to conduct a due diligence examination of this Property for the Buyer. Any projections, opinions, assumptions or estimates used in this Marketing Brochure are for example only and do not represent the current or future performance of this Property. The value of a net leased property to the Buyer depends on factors that should be evaluated by the Buyer and their tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should conduct a careful, independent investigation of any property to determine to their satisfaction the suitability of the Property for their investment goals.

Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and financial documents related to the Property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee of future performance.

Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s projected sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, environmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting the intrinsic value of the Property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or abandon the Property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the Property, and Buyer’s legal ability to make alternate use of the Property.

By accepting this Marketing Brochure you agree to release the Seller and Matthews Retail Group, Inc. of any and all liability and hold the parties harmless from any kind of claim, cost, or expense arising out of your investigation and/or purchase of this Property.

NON-ENDORSEMENT NOTICEMatthews Retail Group, Inc. is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this Marketing Brochure. 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 Matthews Retail Group, Inc., its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Matthews Retail Group, Inc., and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.

CONFIDENTIALITY & DISCLAIMER STATEMENT

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PRICING AND FINANCIAL ANALYSISInvestment Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2Financial Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Company Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

PROPERTY DESCRIPTIONProperty Overview. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6Bird’s Eye . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7Tenant Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8Regional Map. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

DEMOGRAPHICSDemographics Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11City Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

TABLE OF CONTENTS

PRESENTED BY

Dalton BarnesAssociate

License No. 01984625O 310.919.5791M 925.234.1772dalton.barnes@matthews.com

Braden CrockettSenior Associate

License No. 01946071O 310.919.5814M 714.345.6206braden.crockett@matthews.com

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INVESTMENT HIGHLIGHTS

PROPERTY DETAILS

• Reportedly doing over double the national average in annual sales

at this location

• Bond-like absolute NNN lease; tenant is responsible for all

maintenance including roof and structure

• Very rare 15% rent increases every 5 years and at each option period

LOCATION

• Explosive population growth; 2016 estimates nearly double the

2000 census in the 1, 3, and 5 mile radius

• Located in the very affluent Rocklin area of the Sacramento market,

boasting ± $100,000 average household incomes and 7 golf courses

within a 5-mile radius

• Close proximity to prominent retail locations, which draw traffic from

the surrounding area; site is 5 miles away from the Roseville Automall

and 2 miles away from the Westfield Galleria

TENANT

• Experienced operator - Broadbase, Inc. operates 35 locations in the

Northern California market

• Frequently winning awards within the Jiffy Lube Franchise System

for their excellence

• One of the few retail tenants that offers both an e-commerce and a

recession proof investment

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Investment Overview

EXECUTIVE SUMMARY6070 Stanford Ranch Rd Rocklin, CA 95765List Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,402,533Gross Leasable Area . . . . . . . . . . . . . . . . . . . . . . . . ±2,302 SFCAP Rate - Current. . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.00%Year Built . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2005Lot Size . . . . . . . . . . . . . . . . . . . . . . . . ±0.42 Acres (17,859 SF)

ANNUALIZED OPERATING DATAMonthly Rent Annual Rent Rent PSF CAP Rate

Current $12,012.67 $144,152.00 $62.62 6.00%

Option 1 $13,814.57 $165,774.80 $72.01 6.90%

Option 2 $15,886.75 $190,641.02 $82.82 7.94%

Option 3 $18,269.76 $219,237.17 $95.24 9.13%

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Financial Overview

TENANT SUMMARYTenant Trade Name Jiffy Lube

Type of Ownership Fee Simple

Lease Guarantor Broadbase, Inc.

Lease Type NNN

Roof and Structure Tenant Responsible

Original Lease Term 15 years

Lease Commencement Date 2/18/2005

Rent Commencement Date 2/18/2005

Lease Expiration Date 2/29/2020

Term Remaining on Lease ±3.50 years

Increases 15% Every 5 Years

Options Three (3), Five (5) Year Options

Tenant Jiffy Lube

Company Name Jiffy Lube International, Inc.

Ownership Private

No. of Locations ±2200

No. of Employees ±6,539

Headquartered Houston, Texas

Web Site http://www.jiffylubearizona.com

Year Founded 1979

A leading provider of oil changes, Jiffy Lube doesn’t expect to see its customers every day -- but about every three months or 3,000 miles. The company boasts more than 2,100 outlets throughout North America that are mostly franchised. The rest of its locations are company-owned and operated. Besides oil changes, Jiffy Lube facilities provide maintenance services for air conditioning, fuel systems, and transmissions. At some of its locations, it also performs inspections and emissions testing, repairs windshields, and rotates tires. The company serves vehicle fleet operators, as well as individual consumers. Jiffy Lube, which is a subsidiary of Shell Oil Company, was founded in 1979.

Jiffy Lube grew from about 10 service centers in 1980 to about 1,000 centers in 1990, when it was acquired by Pennzoil. In 1998 Pennzoil merged with Quaker State, which had its own network of Q-Lubes that were later renamed as Jiffy Lube. In 2002 Royal Dutch Shell subsidiary Shell Oil acquired Pennzoil-Quaker State. Today, the company is the largest system of franchised service centers in North America.

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Company Overview

THE OFFERINGProperty Name . . . . . . . . . . . . . . . . . . . . . . . . . . . . Jiffy LubeProperty Address . . . . . . . . . . . . . . . . . .6070 Stanford Ranch Rd Rocklin, CA 95765Assessor’s Parcel Number . . . . . . . . . . . . . . . . . . . 358-100-006

SITE DESCRIPTIONNumber of Stories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OneYear Built . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2005Gross Leasable Area (GLA) . . . . . . . . . . . . . . . . . . . . . ±2,302 SFLot Size . . . . . . . . . . . . . . . . . . . . . . . . ±0.42 Acres (17,859 SF)Type of Ownership. . . . . . . . . . . . . . . . . . . . . . . . . Fee SimpleParking . . . . . . . . . . . . . . . . . . . . . . . . . . .±15 Surface SpacesParking Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . 3.94 : 1,000 SFLandscaping . . . . . . . . . . . . . . . . . . . . . . . . . . . . ProfessionalTopography. . . . . . . . . . . . . . . . . . . . . . . . . . . Generally Level

CONSTRUCTIONFoundation . . . . . . . . . . . . . . . . . . . . . . . . . . . .Concrete SlabFraming . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SteelExterior . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BrickParking Surface . . . . . . . . . . . . . . . . . . . . . . . . . . . . .AsphaltRoof . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Flat

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Property Overview

PROPERTY DESCRIPTION

Stanford Ranch Rd ±19,000

ADT

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Bird’s Eye

8

Tenant Map

PROPERTY DESCRIPTION

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Regional Map

Population 1-Mile 3-Mile 5-Mile

2021 Projection 21,335 98,962 216,516

2016 Estimate 19,478 90,999 201,792

2010 Census 17,037 80,549 183,025

2000 Census 7,079 44,703 118,211

Growth 2016-2021 9.53% 8.75% 7.30%

Growth 2010-2016 14.32% 12.97% 10.25%

Growth 2000-2010 140.67% 80.19% 54.83%

Households

2021 Projection 7,533 35,806 81,747

2016 Estimate 6,930 33,075 76,329

2010 Census 6,235 29,657 69,524

2000 Census 2,577 16,594 44,561

Growth 2016-2021 8.70% 8.26% 7.10%

Growth 2010-2016 11.15% 11.53% 9.79%

Growth 2000-2010 141.97% 78.72% 56.02%

Income

$0 - $15,000 6.48% 6.88% 7.11%

$15,000 - $24,999 5.01% 6.56% 6.87%

$25,000 - $34,999 6.43% 7.02% 7.28%

$35,000 - $49,999 9.99% 9.81% 10.48%

$50,000 - $74,999 16.42% 16.36% 16.49%

$75,000 - $99,999 16.97% 13.80% 13.38%

$100,000 - $124,999 12.75% 11.47% 11.14%

$125,000 - $149,999 8.87% 8.74% 8.42%

$150,000 - $199,999 9.08% 10.03% 9.73%

$200,000 - $249,999 3.81% 4.36% 4.21%

$250,000 - $499,999 3.43% 3.86% 3.77%

$500,000+ 0.76% 1.11% 1.11%

2016 Est. Average Household Income $99,066 $101,148 $99,333

2016 Est. Median Household Income $83,354 $81,099 $78,301

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Demographics Report

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City Overview

ROCKLIN, CALIFORNIALocated in South Placer County, just north of Sacramento, at the intersection of the Interstate 80 and State Highway 65, the city of Rocklin has been one of the fastest growing cities in California. The City’s population grew 64% from 2000-2014 with a current population of approximately 60,000.

Rocklin is a preferred location to live, work, visit, and grow a business because of its convenient location, high quality of life, excellent schools, abundant recreational opportunities, and high commitment to public safety.

Rocklin is in proximity to many tourist locations and recreational amenities. It is within 20 minutes of Folsom Lake, 30 minutes of downtown and Old Sacramento, and less than 2 hours from Lake Tahoe, the Pacific Ocean, and San Francisco.

After the end of granite mining in 2004, the economy diversified; the Formica Company formerly operated a manufacturing plant in Rocklin. Additionally, Educational Media Foundation, which owns the K-LOVE and Air1 radio networks, is based in Rocklin. Two colleges opened as did other businesses including the Educational Media Foundation and the U.S.-based subsidiary of SMA Solar Technology AG, a manufacturer of solar inverters.

Shopping, entertainment and dining are provided by smaller businesses and the area is served by the Blue Oaks Town Center, a regional shopping center anchored by national tenants, located on the Highway 65 corridor. A section of Granite Drive along Interstate 80 is known as Toy Row, and there is also a local antique mall.

TOP EMPLOYERS - ROCKLIN, CA1. Rocklin Unified School District

2. Oracle America, Inc.

3. United Natural Foods, Inc. (UNFI)

4. Esurance Insurance Services, Inc.

5. Sierra College

6. Walmart

7. UPS

8. K-LOVE Radio/Educational Media Foundation

9. City of Rocklin

10. Target

841 Apollo Street, Suite 150 | El Segundo, CA 90245 | www.matthews.com™

Jiffy Lube6070 Stanford Ranch Rd, Rocklin, CA 95765

OFFERING MEMORANDUM

Dalton BarnesAssociate

License No. 01984625O 310.919.5791M 925.234.1772dalton.barnes@matthews.com

Braden CrockettSenior Associate

License No. 01946071O 310.919.5814M 714.345.6206braden.crockett@matthews.com