Investment Highlights

RARE NORTHERN CALIFORNIA GROCERY-ANCHORED TWOTENANT INVESTMENT
» New 10-year net leases for both tenants
» Scheduled rental increases, providing a hedge against inflation
» Corporate leases guaranteed by Dollar Tree Stores, Inc., rated “BB+” by Standard & Poor’s, and Tawa Supermarket, Inc.
» Newly renovated with new roof (20-year warranty) and new HVAC

NATIONAL TENANTS WITH STRONG FINANCIALS
» Dollar Tree is the largest and most successful single-price-point retailer in North America, with more than 3,600 locations across the U.S. and Canada and over $19 billion in annual revenue
» 99 Ranch Market is one of the nation’s largest ethnic chains, with over 45 stores in California, Nevada, Washington, Oregon, Texas, and New Jersey
» 99 Ranch Market generated an estimated $350 million in sales in fiscal 2015, representing a 5% increase over the previous year

HIGH-TRAFFIC LOCATION WITH STRONG DEMOGRAPHICS
» Conveniently located at the signalized hard corner of two busy thoroughfares, with excellent visibility and access to 49,357 vehicles per day
» Located in an affluent area, with average household incomes well over $100,000 within a one-, three-, and five-mile radius
» Population of 132,322 within a five-mile radius

STRONG, GROWING CUSTOMER BASE IN IMMEDIATE AREAM
» Directly adjacent to Folsom Lake and Folsom Lake State Recreation Area, visited by approximately two million people each year
» Close proximity to Folsom Lake College, with an enrollment of 18,308 students
» Sacramento is the third fastest growing MSA in California, with a projected growth of 55.4% over the next 30 years

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Property Description

SOLD

The property is in Briggs Ranch Plaza, conveniently located at the signalized hard corner of Blue Ravine Road and East Natoma Street, with a traffic count of 49,357 vehicles per day at the intersection. The shopping center features a strong mix of national and local tenants, with a number complimentary retailers. Major tenants include Taco Bell and a Starbucks that is currently under construction. Complimentary tenants include Gong Cha, a popular Taiwan-style drink shop franchise, and Hisui Sushi; these and other local retailers in the shopping center cater to the same target customers as 99 Ranch Market, increasing the grocery store’s customer base.

The property is located directly across from The Parkway, a large shopping center anchored by Raley’s. Other shopping centers in the nearby area include the Palladio at Broadstone, featuring Whole Foods and Nordstrom Rack, and Broadstone Plaza, anchored by Home Depot, Ashley Furniture, Babies “R” Us, and Marshalls.

The property benefits from the large customer base in the surrounding area. Folsom Lake, one of the most popular lakes in Northern California, and Folsom Lake State Recreation Area, which is visited by approximately two million people each year, are next to the property. Mercy Hospital, one of the largest employers in Folsom, and Folsom Lake College, with an enrollment of 18,308 students, are both nearby. Additionally, the property is in an affluent, densely populated area. The average household income within a one-mile radius of the property is $142,546, and 132,322 people with an average household income of $127,499 live within a five-mile radius of the property.