DANIEL BRINER, CCIM - THE BRINER PROPERTY GROUP

EXCLUSIVELY OFFERED BY ~ 1777 N CALIFORNIA BLVD., SUITE 300, WALNUT CREEK, CA 94596

T-925-256-8500 ~ DBRINER@CCIM.NET ~ BRE #00605037

STAPLES, INC. ~ KELLY- MOORE PAINTS, INC.

1250 OLIVER ROAD, FAIRFIELD, CALIFORNIA

LONG TERM LEASED INVESTMENT~ CREDIT TENANTS ~ UNIQUE VISIBILITY ~ $8,350,000

LONG TERM CORPORATE CREDIT LEASES. STAPLES TO: 1/30/2026; KELLY-MOORE TO 4/1/ 2024. LEASES ARE MODIFIED NET WITH RENEWAL OPTIONS.

PROMINENT, ATTRACTIVE AND FLEXIBLE RETAIL DESIGN, BUILT IN 2008. STAPLES’ 13,590 SF WERE RENOVATED IN 2016. KELLY-MOORE’S 6,800 SF WERE BUILT IN 2017.

DYNAMIC LOCATION HAS HIGH VISIBILITY WITHIN A CORE RETAIL AREA . PROPERTY OFFERS EXCEPTIONAL RETAIL SIGNAGE TO INTERSTATE-80 ( EST. 170,000 ADT).

60 -FOOT FREEWAY PYLON SIGN AND COMMON AREA PARKING SHARED WITH STARBUCKS’ COFFEE ( DRIVE-THRU) IN ADJOINING DEVELOPMENT.

A CORE RETAIL AREA: WITHIN ONE BLOCK OF “BEST IN CLASS” RETAIL BRANDS INCLUDING PETCO, PEET’S COFFEE, IN N OUT BURGER, AND RALEY’S. THE REGIONAL SOLANO

MALL IS ACROSS I-80. ADJACENT ARE A 60,000 SF CLASS-A OFFICE , A 133 ROOM MARRIOTT COURTYARD HOTEL, AND A BLOCK LONG RETAIL CENTER.

FINANCING: WESTAMERICA BANK IS THE CURRENT LENDER AND HAS QUALIFYING 4.5% - 5.0% FINANCING AVAILABLE FOR THIS PROPERTY.

DANIEL BRINER, CCIM - THE BRINER PROPERTY GROUP

EXCLUSIVELY OFFERED BY ~ 1777 N CALIFORNIA BLVD., SUITE 300, WALNUT CREEK, CA 94596

T-925-256-8500 ~ DBRINER@CCIM.NET ~ BRE #00605037

EXCEPTIONAL ~ DISTINCTIVE I– 80 FRONTAGE

PYLON

KELLY MOORE PAINTS

STAPLES

COURTYARD MARIOTT

HOTEL

OFFICE N

E

I

G

H

B

O

R

H

O

O

D

R

E

T

A

I

L

POPEYE ’S

STARBUCK’S &

LESLIE POOLS

DANIEL BRINER, CCIM - THE BRINER PROPERTY GROUP

EXCLUSIVELY OFFERED BY ~ 1777 N CALIFORNIA BLVD., SUITE 300, WALNUT CREEK, CA 94596

T-925-256-8500 ~ DBRINER@CCIM.NET ~ BRE #00605037

FINANCIAL CRITERIA

TENANT LEASE SUMMARY

NET RENTABLE AREA LEASE DATES OPTIONS BASE RENT

STAPLES 13,590 RSF 66.67% 4/1/2017 - 3/31/26 2-5-YR OPTIONS $312,570 P/YR

Rent $326,160 NNN -4/1/2022

KELLY MOORE 6,800 RSF 32.33% 4/1/2017 - 3/31/24 3-5-YR OPTIONS $149,328 P/YR Option Rent Escalates 10%

TOTALS 20,390 RSF 100% $461,898 P/YR

REVIEW FINANCING BELOW Modified NNN

OPERATING EXPENSES

COMMON FACILITES COST

GROUNDS – DAY PORTER

LANDSCAPING

LIGHTING

LOT SWEEPING

ROOF MAINTENANCE

TRASH ( STAPLES )

UTILITIES– COMMON PGE

UTLITIES– COMMON IRRIGATION

UTLITIES– FIRE MONITORING

TOTAL COMMON FACILITIES

INSURANCE

TAXES

TOTAL REIMBURSABLE OPERATING EXPENSES

(1) Fully Reimbursable: Refer “Tenant Summaries”

for additional detail on reimbursement rules.

ESTIMATE BASED ON

ACTUAL 4/2017-5/2018

$ 5,785

$ 12,105

$ 1,660

$ 1,155

$ 425

$ 8,675

$ 11,340

$ 4,270

$ 385

$ 45,800

$ 4,620

$ 86,000

$136,420

(1)

FINANCIAL SYNOPSIS

SCHEDULED ANNUAL INCOME $461,898 COMMON FACILITIES COST FULLY REIMBURSABLE TAXES & INSURANCE FULLY REIMBURSABLE CAPITAL COSTS LIMITED RECAPTURE

NET OPERATING INCOME $461,898

PRICE - $8,350,000 CAP RATE - 5.53% PRICE PER SF : $334 GROSS SF ~ $410 RSF

Existing Loan: WestAmerica Bank ~ Negotiable

$4,350,000 +- 4.00% Fixed to 2024; 25 Year AMO; $23,396+- P/M

FINANCING REQUIREMENT:

Loan Negotiable through WestAmerica Bank (Rates at 4.5%+ - ) or as acceptable to Seller.

DANIEL BRINER, CCIM - THE BRINER PROPERTY GROUP

EXCLUSIVELY OFFERED BY ~ 1777 N CALIFORNIA BLVD., SUITE 300, WALNUT CREEK, CA 94596

T-925-256-8500 ~ DBRINER@CCIM.NET ~ BRE #00605037

PROPERTY OVERVIEW

General: A modern, stand-alone, and highly visible development with prominent building signage and pylon signage to the Interstate I-80.

The building is 24,990 SF, with 20,390 Rentable SF (RSF), and is flexibly zoned “CR” (General Retail Commercial). Completed in 2008 on 2.17 acres (APN 0150-160-290-01), it was entirely leased to Staples. In 2016 Staples downsized to 13,590 RSF and Kelly-Moore Paints leased 6,800 RSF. Both Tenants have operated from this immediate area for 10+ years. The Building has a commanding presentation and a versatile retail design with 17-foot clear height, full insulation, commercial sprinklers, loading docks, and large, illuminated signage on three sides of the building. The site provides 103 reciprocal parking spaces and a well-lighted lot with 19 pole lights. The property shares the parking lot with a highly popular, retail development (separately owned) leased to Starbuck ’s and Leslie’s Pool Supplies. Included is small undeveloped parcel adjacent to I-80 offers a potential for development or additional parking.

Leases: Staples, Inc. Leases 13,590 RSF of the building to 3/31/2026 with 2-5 Year Options. Kelly-Moore Paints leases 6,800 RSF until 3/31/2024

with 3-5 year options. Staples rent increases 4.3% in 2020. Kelly Moore rent is flat to 2024. All Options contain 10% rent escalation clauses. Both Leases are Modified NNN with some capital cost exclusions.

Site: Located on commercially active Oliver Road and adjacent to Interstate I-80 at the West Texas Street off-ramp in Fairfield, California.

The Property has an exceptional retail prominence. It fronts Oliver Road with an estimated 10,000 ADT, and exceptional visibility to I-80 with an

estimated 170,000 ADT. The 60 - foot illuminated pylon sign promotes tenant-dedicated signage to both directions of I-80. Staples has a 21 - foot high illuminated building sign with 48’ lettering facing I-80 and comparable signage to Oliver Road. Kelly-Moore Paints also has prominent illuminated building sign to Oliver Road. The entire building is distinguished at night by 26 mounted exterior lights and the 19 pole lights in the parking lot creating exceptional evening retail visibility and security.

Core Retail Location: This is a dynamic commercial location. The Property is across I-80 from the Westfield Solano Mall, a major

regional draw that includes Macy’s, Best Buy, JC Penney, Old Navy, Edwards Cinema, 24-Hour Fitness, and other recognized retail and restaurant brands. It is

within a short-block of Benchmark Retailers including Petco, In-N-Out Burger, Raley’s and Peet’s Coffee. Adjoining are a 60,000 SF Class-A office building and a 133-room Marriott Courtyard Hotel serving the Fairfield-Napa Valley area.

City of Fairfield: (www.fairfield.ca.gov): The City is the county seat of Solano County, California, and in the North Bay sub-region of the San

Francisco Bay Area. It is considered the midpoint between the cities of San Francisco and Sacramento, approximately 40 miles from the city center of both cities, connected by I-80, and is approximately 40 miles from the city center of Oakland, and less than 19 miles from Napa Valley.

Offering presents an exceptional opportunity to invest in a modern, stand-alone retail property with extraordinary visibility. It is well maintained, easily managed, and secured by long-term corporate leases to two regional credit tenants.

DISCLAIMER—The Briner Property Group ("Broker”) has been retained on an exclusive basis to market the Property described herein ("Property”). Broker has been authorized by the Seller of the Property to prepare and distribute this Marketing Brochure and the pro forma information therein, for the purpose of marketing the Property for sale. The Property information has been obtained from the Seller and other reliable sources, however, it does not contain all the information that a prospective purchaser may require, and it has not been verified by the Seller or its affiliates. The information is presented herein only as a summary marketing introduction. More detailed information will be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a qualified purchaser. Please review this Marketing Brochure to complete your own preliminary analysis on the Property as a prerequisite to making any offer.to purchase. The Seller, Broker, or any of their respective affiliates, agents, or representatives, do not make any representation or warranty regarding the pro forma information provided or implied herein by this Marketing Brochure. Purchaser must complete their own, independent due diligence investigation of the value of the Property to the Purchaser. The Seller reserves the right, for any reason, to withdraw the Property from the market. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker

DANIEL BRINER, CCIM - THE BRINER PROPERTY GROUP

EXCLUSIVELY OFFERED BY ~ 1777 N CALIFORNIA BLVD., SUITE 300, WALNUT CREEK, CA 94596

T-925-256-8500 ~ DBRINER@CCIM.NET ~ BRE #00605037

Staples, Inc. ~ Lease Summary

Tenant Name: Staples the Office Superstore, LLC

https://www.staples.com/

Lease Documents: Master- 4/27/2017; Amended - 2/27/13 & 11/10/15

Current Lease Term : 1/31/2017 - 1/31/2026 Two Five -Year Options (+ 10%)

Annual Base Rent: $312,570 Years 1 - 5 $23 P/SF Rentable

$326,160 Years 6-10 $24 P/SF Rentable

Lease Options: $358,776 Option 1 $394,654 Option 2

Rentable Square Feet: 13,590 SF - 66.7% of Building Rentable SF ( 20,390 SF )

Deposit: None

Lease is Modified Net: Excludes Capital Replacements & Management Fee;

Tenant Reimbursements: Pro Rata 66.7% (Lease Reference 4.2-4.4)

Property Taxes: Pro Rata 66.7% (No Cap on Increases). Paid on Invoice.

Fire Insurance: Pro Rata 66.7% (No Cap on Increases).

CAMs: Pro Rata 66.7% maximum 5% Annual Increase (4.4)

Tenant pays own trash directly. Roof Maintenance Only

ADA: Tenant is responsible for ADA costs. (8.1)

Utilities: Tenant pays own utility costs directly (8.3.1)

HVAC: Tenant maintains a preventative maintenance

contract on HVAC Units. Landlord responsible for

replacements not covered by contract. (8.32)

Assignment/Subletting: Tenant liable on any Lease assignment or sublet (9.1)

Early Termination: Expired (Amendments ( 1 & 2)

Company Overview Staples, Inc. has occupied the current location at 1250 Oliver Road since the building was developed in 2008. In April 2017, Staples completed the renovation and downsizing of their store from 20,390 rentable SF to the present 13,590 SF, revised its business plan, and signed a new 10 - year Lease to 1/31/2026. Staples now shares the building with the Kelly-Moore Paints Company. This location generates a high volume of retail traffic and store activity the renovated Staples Store represents a new prototype store for Staples.

Dynamic Transactions September 2017, Staples: Acquired for $6.9 Billion by Sycamore Partners,

a private, active USA investment company focused on consumer and retail companies. Alexander Douglas, past president of Coca-Cola, became the new CEO in 2018 June 2018 - HiTouch Business Services, LLC. Staples acquires HiTouch to be a part of the Staples Business Advantage delivery organization offering a greatly expanded line of products, the latest e-commerce tools, and a world-class supply chain. HiTouch continues to operate its e-commerce portal at MyOfficeProducts.com, and DesignWorks, which provides workspace design services, and ITSimplify, which develops customized computer hardware and software applications for business.

January 2019 - Essendant Inc: Staples acquires Essendant (essendant.com) for

$996M an office-supplies company. The acquisition will produce a new powerhouse in the wholesale distribution of office supplies and business and industrial products. Essendant is a national distributor of workplace items reporting net sales of $5 Billion for fiscal 2017.

TENANT SUMMARY

DANIEL BRINER, CCIM - THE BRINER PROPERTY GROUP

EXCLUSIVELY OFFERED BY ~ 1777 N CALIFORNIA BLVD., SUITE 300, WALNUT CREEK, CA 94596

T-925-256-8500 ~ DBRINER@CCIM.NET ~ BRE #00605037

Kelly-Moore Paints, Inc.~ Lease Summary

Tenant Name: Kelly - Moore Paint Company, Inc. A California Company

Lease Documents: Master 9/26/2016

Current Lease Term : 4/1/2017—3/31/2024 Three 5 - year Options

Annual Base Rent: $149,328 Years 1-7; $21.96 P/SF Rentable

Lease Options: $163,680 - Option 1; $24.12 P/SF Rentable (+ 9.9%)

$180,048 - Option 2; $26.52 P/SF Rentable (+ 9.95%)

$198,053 - Option 3; $29.16 P/SF Rentable (+ 9.95%)

Rentable Square Feet: 6,800 SF - 33.3% of Building Rentable SF ( 20,390 SF )

Deposit: None

Lease is Modified Net: Restricted Capital Costs and Management Fees

Tenant Reimbursements: Pro Rata 33.3% (Lease Reference 8.04)

Property Taxes: Pro Rata 33.3% (No Cap on Increases) Paid Monthly (8.05)

Fire Insurance: Pro Rata 33.3% (No Cap on Increases).

CAMs: Pro Rata 33.3% Maximum 5% Annual Increase excluding

utilities, taxes, insurance & parking lot repaving. (8.04).

Roof Maintenance Only

ADA: Tenant is responsible for ADA costs.

Utilities: Tenant pays utility costs directly (8.04)

HVAC: Tenant maintains a preventative maintenance (13.02)

contract on HVAC Units. Tenant is responsible for all

R&M and Replacements.

Assignment/Sublet: Tenant liable on any lease for assignment or sublet (17.01)

Company Overview https://kellymoore.com/

“Our reputation for quality products is unsurpassed in the industry. “

Kelly-Moore Paints is a privately owned paint manufacturing company

founded in San Carlos, California in 1946 by William Kelly and William Moore. It has

stores located in California, Texas, Oklahoma, and Nevada. Made in America Kelly-

Moore Paints has a state-of-the-art manufacturing facility in Hurst, Texas. Kelly-

Moore Paints produces some of the most technologically advanced paint products

and sets the industry standard for new product development and quality control.

Kelly-Moore Paints has grown into one of the largest employee-owned

paint companies in the United States.

Kelly Moore Paints is well established in this location. Prior to relocating

to this new store Kelly Moore operated successfully for about 10-years from the

retail center directly across the street from

TENANT SUMMARY

DANIEL BRINER, CCIM - THE BRINER PROPERTY GROUP

EXCLUSIVELY OFFERED BY ~ 1777 N CALIFORNIA BLVD., SUITE 300, WALNUT CREEK, CA 94596

T-925-256-8500 ~ DBRINER@CCIM.NET ~ BRE #00605037

SITE PLAN & AERIAL PHOTO

STAPLES &

KELLY MOORE

STARBUCK’S - LESLIE ‘S POOLS

PYLON SIGN

OFF RAMP

COURTYARD

DENNY’S

IN N OUT BURGER

RALEY’S CENTER

POPEYE’S

RETAIL CLASS A OFFICE

CLASS A OFFICE M’CDONALD’S

LOCATIONAL AERIAL

TRAVIS BLVD

CHEVRON GAS ARCO GAS TACO BELL FED EX

PETCO

PEETS COFFEE

GAS STATION

CHP

DANIEL BRINER, CCIM - THE BRINER PROPERTY GROUP

EXCLUSIVELY OFFERED BY ~ 1777 N CALIFORNIA BLVD., SUITE 300, WALNUT CREEK, CA 94596

T-925-256-8500 ~ DBRINER@CCIM.NET ~ BRE #00605037

ADDITIONAL PHOTOS

DANIEL BRINER, CCIM - THE BRINER PROPERTY GROUP

EXCLUSIVELY OFFERED BY ~ 1777 N CALIFORNIA BLVD., SUITE 300, WALNUT CREEK, CA 94596

T-925-256-8500 ~ DBRINER@CCIM.NET ~ BRE #00605037

CITY OF FAIRFIELD ~ SITE PLAN

City of Fairfield (www.fairfield.ca.gov) is in the county seat of, Solano County, California, in the North Bay sub-region of the San Francisco Bay

Area. It is generally considered the midpoint between the cities of San Francisco and Sacramento, approximately 40 miles (64 km) from the city center of both cities, approximately 40 miles (64 km) from the city center of Oakland, less than 19 miles (31 km) from Napa Valley, 16 miles (26 km) from the Carquinez Bridge, and 14 miles (23 km) from the Benicia Bridge. It is the home of Travis Air Force Base and the headquarters of Jelly Belly. With an estimated population of 116,300 at the 2017 census. Other nearby cities include Suisun City, Vacaville, Rio Vista, Vallejo, Benicia, and Napa.

PAD

KELLY MOORE