1. WAGON WHEEL PLAZA Offering Memorandum
33301 Agua Dulce Canyon Rd • Agua Dulce, CA 91390

2. NON-ENDORSEMENT AND DISCLAIMER NOTICE
Confidentiality and Disclaimer
The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant's plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.
Non-Endorsement Notice
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. 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 Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.
PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
WAGON WHEEL PLAZA
Agua Dulce, CA
ACT ID Z

3. INVESTMENT OVERVIEW 01 FINANCIAL ANALYSIS 02 MARKET OVERVIEW 03
WAGON WHEEL PLAZA
TABLE OF CONTENTS
SECTION
INVESTMENT OVERVIEW 01
Offering Summary
Location Overview
Regional Map
Local Map
Aerial Photo
FINANCIAL ANALYSIS 02
Tenant Summary
Lease Expiration Chart
Operating Statement
Notes
Pricing Detail
Acquisition Financing
MARKET OVERVIEW 03
Market Analysis
Demographic Analysis

4. WAGON WHEEL PLAZA
INVESTMENT
OVERVIEW

5. # WAGON WHEEL PLAZA EXECUTIVE SUMMARY OFFERING SUMMARY MAJOR EMPLOYERS
VITAL DATA
YEAR 1
YEAR 2
Price
$5,000,000
CAP Rate
3.11%
3.32%
Down Payment
100% / $5,000,000
Net Operating Income
$155,323
$166,048
Loan Amount $0
Net Cash Flow After Debt Service
3.11% / $155,323
3.32% / $166,048
Loan Type
Proposed New
Total Return
Interest Rate / Amortization
0.00% / 0 Years
Gross Leasable Area (GLA)
17,100 SF
Price/SF
$292.40
Current Occupancy
95.32%
Year Built / Renovated
1987
Lot Size
3 acre(s)
MAJOR EMPLOYERS
EMPLOYER
# OF EMPLOYEES
Los Angeles County Fire Dept
3,500
Acton Conservation Camp
179
Petrelli Electric Inc 66
Cass Fire Protection 57
Agua Dulce Elementary School 40
Cabinet & Millwork Installers 30
Harbor Light Studios LLC
Le Chene French Cuisine
Am/PM Mini Market 26
Sweetwater Veterinary Clinic 25
J T Engineering 22
All Pest Pros Inc 21
DEMOGRAPHICS
1-Miles
3-Miles
5-Miles
2017 Estimate Pop
644
3,393
8,074
2017 Census Pop
587
3,105
7,625
2017 Estimate HH
253
1,248
2,726
2017 Census HH
229
1,133
2,553
Median HH Income
$106,405
$101,581
$98,349
Per Capita Income
$52,529
$48,934
$42,648
Average HH Income
$133,424
$132,644
$125,808
MAJOR TENANTS
TENANT
GLA
LEASE EXPIRATION
LEASE TYPE #

6. WAGON WHEEL PLAZA INVESTMENT OVERVIEW OFFERING SUMMARY
We are also offering a 240 acre parcel of land approximately one half mile away which is an ideal location for a mobile home park or an equestrian related facility which has limited water availability. A simple franchise with the country would allow running a water line directly to the property along the country roads from Wagon Wheel plaza which would serve as the water supply needed to develop. The 240 acres parcel has had water well testing and there is water on site however the exact amounts are unknown and would probably not satisfy any water demand over and above a single family dwelling. The list price for the 240 acres is $1,500,000
Huge barriers to market entry
INVESTMENT HIGHLIGHTS

7. 7 # WAGON WHEEL PLAZA PROPERTY OVERVIEW OFFERING SUMMARY
Rural Shopping center 45 miles north of Los Angeles. Agua Dulce ( sweet water) home to Vasquez rocks State park, Agua dulce airpark, winery and prime equestrian estates. This affluent equestrian community has only one shopping center, wagon wheel plaza. Wagon wheel plaza's highly successful tenants include a modern market with coffee house, butcher, produce and bakery. mexican restaurant maria bonitas is a regional chain catering to the santa clarita valley which has a full bar and can seat up to 200 people. Other tenants include a successful pizza parlor and dry cleaners. 7 #

8. WAGON WHEEL PLAZA PROPERTY SUMMARY OFFERING SUMMARY THE OFFERING
Price
$5,000,000
Property Address
33301 Agua Dulce Canyon Rd, Agua Dulce, CA
Assessor’s Parcel Number
Zoning
Lcr3
SITE DESCRIPTION
Year Built/Renovated
1987
Gross Leasable Area
17,100 SF
Ownership
Fee Simple
Lot Size
3 acre(s)
PROPOSED FINANCING
First Trust Deed
Loan Amount $0
Loan Type
Proposed New
Interest Rate
0.00%
Amortization
0 Years
Loan Term
Loan to Value %
Debt Coverage Ratio

9. 33301 Agua Dulce Canyon Rd, Agua Dulce, CA 91390
PROPERTY NAME
WAGON WHEEL PLAZA
WAGON WHEEL PLAZA
PROPERTY NAME
PRICING AND VALUATION MATRIX
PRICING AND VALUATION MATRIX
LOCATION OVERVIEW
TENANT SUMMARY
LOCATION OVERVIEW
LOCATION OVERVIEW
33301 Agua Dulce Canyon Rd, Agua Dulce, CA 91390
CLOSE PROXIMITY TO: 9

10. WAGON WHEEL PLAZA
REGIONAL MAP

11. WAGON WHEEL PLAZA
LOCAL MAP

12. WAGON WHEEL PLAZA
AERIAL PHOTO

13. 12 WAGON WHEEL PLAZA PROPERTY PHOTO Marcus & Millichap closes
more transactions than any other brokerage firm. 12

14. WAGON WHEEL PLAZA
FINANCIAL
ANALYSIS

15. WAGON WHEEL PLAZA
TENANT SUMMARY
FINANCIAL ANALYSIS

16. WAGON WHEEL PLAZA
TENANT SUMMARY
FINANCIAL ANALYSIS 12

17. WAGON WHEEL PLAZA
OPERATING STATEMENT
FINANCIAL ANALYSIS

18. WAGON WHEEL PLAZA
PRICING DETAIL
FINANCIAL ANALYSIS

19. MARCUS & MILLICHAP CAPITAL CORPORATION CAPABILITIES WHY MMCC?
WAGON WHEEL PLAZA
ACQUISITION FINANCING
MARCUS & MILLICHAP CAPITAL CORPORATION CAPABILITIES
MMCC—our fully integrated, dedicated financing arm—is committed to providing superior capital market expertise, precisely managed execution, and unparalleled access to capital sources providing the most competitive rates and terms.
We leverage our prominent capital market relationships with commercial banks, life insurance companies, CMBS, private and public debt/equity funds, Fannie Mae, Freddie Mac and HUD to provide our clients with the greatest range of financing options.
Our dedicated, knowledgeable experts understand the challenges of financing and work tirelessly to resolve all potential issues to the benefit of our clients.
WHY MMCC?
Optimum financing solutions to enhance value
Our ability to enhance buyer pool by expanding finance options
Our ability to enhance seller control
Through buyer qualification support
Our ability to manage buyers finance expectations
Ability to monitor and manage buyer/lender progress, insuring timely, predictable closings
By relying on a world class set of debt/equity sources and presenting a tightly underwritten credit file
Closed 1,707 debt and equity financings in 2017
National platform operating
within the firm’s brokerage offices
$5.63 billion total national volume in 2017
Access to more capital sources than any other firm in the industry

20. WAGON WHEEL PLAZA
MARKET
OVERVIEW

21. 2017 MEDIAN HOUSEHOLD INCOME:
WAGON WHEEL PLAZA
SAN FERNANDO VALLEY
OVERVIEW
Approximately 2.5 million people reside in the San Fernando Valley, which includes the submarkets of Northridge-Northwest San Fernando Valley, Van Nuys-Northeast San Fernando Valley, Woodland Hills, Burbank-Glendale-Pasadena and Sherman Oaks-North Hollywood-Encino. The area’s population is expected to increase by 33,000 residents through Many people are attracted by the region’s more affordable home prices.
METRO HIGHLIGHTS
DIVERSE ECONOMY
While the entertainment industry underpins the economy, other economic drivers include aerospace, insurance and healthcare.
EDUCATED WORKFORCE
Roughly 23 percent of San Fernando Valley residents who are age 25 and older hold a bachelor’s degree and 13 percent also obtained a graduate or professional degree.
GROWTH
Population and household growth will increase faster than other large metros in Southern California, generating a demand for housing, and goods and services.
ECONOMY
Known for its entertainment industry, the Valley boasts more than 100 soundstages. Entertainment giants calling the Valley home include Walt Disney Co., Universal Studios, Warner Brothers, DreamWorks and Paramount Ranch.
Aerospace giants Boeing and Northrop Grumman as well as 21st Century Insurance generate numerous well-paying jobs.
Healthcare is also a major source of employment with providers that include Kaiser Permanente and Providence Health & Services. As a result of its large concentration of high salaries and successful companies, household incomes are above the national average.
DEMOGRAPHICS
2017 POPULATION:
2017 HOUSEHOLDS:
2017 MEDIAN AGE:
2017 MEDIAN HOUSEHOLD INCOME:
2.5M
875K
38.6
$65,200
Growth *:
Growth *:
U.S. Median:
U.S. Median:
37.8
$56,300
1.3%
2.7%
* Forecast
Sources: Marcus & Millichap Research Services; BLS; Bureau of Economic Analysis; Experian; Fortune; Moody’s Analytics; U.S. Census Bureau 1

22. WAGON WHEEL PLAZA LOS ANGELES METRO AREA
California’s Largest Metro Boasts Stable Vacancy;
Reduced Investment Options Lift Competition
Healthy market conditions warrant cycle-high rents. The metro’s vacancy rate has hovered below 5 percent for the past four years, while annual delivery volume averaged more than 1.3 million square feet. Retailer expansions in 2018 fuel a healthy rate of absorption that negates the impact of new supply, prolonging this trend for another year. Higher-paying job creation, income growth and a wave of housing developments have converged to motivate stores to enlarge footprints and bolster staffs in anticipation of consumer spending increases. Outside of Long Beach Exchange and the Collection at Oceanwide Plaza, minimal newly constructed space will be available for lease this year. Fewer completions will maintain below-average vacancy in West Los Angeles and the South Bay, equating to robust local rent growth. These gains, coupled with heightened tenant demand throughout most of Los Angeles County, push the metro’s overall asking rent past the previous cycle’s peak.
Listings shortage elevates pricing. Following a two-year span of heightened transaction activity, listing volume decreased over the past 12 months while pricing reached a historically high level. Record asset values and a large buyer pool could motivate more owners to market properties, though many remain in a holding pattern. Minimal for-sale inventory limits opportunities for investors, heightening competition for well-located and repositionable properties. An influx of rentals in Downtown Los Angeles has buyers eager to acquire storefront and mixed-use buildings in Mid-Wilshire, where asset values are triple the metro’s average price per square foot. A lack of retail development in Westside Cities enhances investors’ appetites for older properties featuring a mix of retail and office space. Here, buyers may encounter 3 percent to mid-4 percent first-year returns. Investors seeking lower price points and higher yields enter the San Fernando Valley and South Bay, where 4 to mid-5 percent cap rates are more common.
* Forecast
Sources: Marcus & Millichap Research Services; BLS; CoStar Group, Inc.

23. WAGON WHEEL PLAZA LOS ANGELES METRO AREA 2018 Market Forecast
NRI Rank 10, down 2 places
Employment up 1.2%
Construction 1.3 million sq. ft.
Vacancy up 10 bps
Rent up 4.2%
Investment
Los Angeles declined two rungs into 10th place as markets with higher levels of employment and retail sales growth leaped ahead.
Employers create 53,000 positions in 2018, surpassing the 46,700 jobs added in Retail-trade firms bolster payrolls by 10,000 workers this year.
Development activity shifts moderately following the completion of 1.6 million square feet last year.
The metro’s vacancy rate rises nominally to 4.1 percent by year end. Vacancy also dropped by 10 basis points last year.
Low vacancy will enable operators to lift asking rents to $32.17 per square foot. Rent increases of at least 5 percent were witnessed in each of the past three years.
Buyers priced out of the metro’s four major submarkets target the San Gabriel Valley, where 1980s- and 1990s- built centers are available at pricing below the metro average. Properties in this area typically net investors yields in the 5 percent range.
* Forecast
Sources: Marcus & Millichap Research Services; CoStar Group, Inc.; Real Capital Analytics

24. PROPERTY NAME WAGON WHEEL PLAZA DEMOGRAPHICS MARKETING TEAM
Created on April 2018
DEMOGRAPHICS
MARKETING TEAM
POPULATION
1 Miles
3 Miles
5 Miles
2022 Projection
Total Population
674
3,520
8,263
2017 Estimate
644
3,393
8,074
2010 Census
587
3,105
7,625
2000 Census
539
2,857
7,363
Current Daytime Population
390
1,861
3,825
HOUSEHOLDS
Total Households
270
1,313
2,824
253
1,248
2,726
Average (Mean) Household Size
2.73
2.78
2.94
229
1,133
2,553
196
994
2,401
Occupied Units
264
1,299
2,830
HOUSEHOLDS BY INCOME
$150,000 or More
31.49%
30.73%
25.92%
$100,000 - $149,000
21.69%
20.04%
23.13%
$75,000 - $99,999
13.13%
12.41%
14.04%
$50,000 - $74,999
13.76%
13.69%
14.29%
$35,000 - $49,999
3.87%
4.72%
6.43%
Under $35,000
16.07%
18.40%
16.19%
Average Household Income
$133,424
$132,644
$125,808
Median Household Income
$106,405
$101,581
$98,349
Per Capita Income
$52,529
$48,934
$42,648
HOUSEHOLDS BY EXPENDITURE
1 Miles
3 Miles
5 Miles
Total Average Household Retail Expenditure
$94,752
$93,085
$94,595
Consumer Expenditure Top 10 Categories
Housing
$27,199
$26,528
$27,014
Shelter
$17,095
$16,767
$17,232
Transportation
$15,044
$14,595
$14,893
Personal Insurance and Pensions
$11,147
$10,774
$10,904
Food
$9,454
$9,272
$9,451
Health Care
$5,903
$5,611
$5,483
Utilities
$4,412
$4,283
$4,321
Entertainment
$3,951
$3,789
$3,794
Apparel
$3,845
$3,831
$4,160
Cash Contributions
$2,502
$2,383
$2,385
POPULATION PROFILE
Population By Age
2017 Estimate Total Population
644
3,393
8,074
Under 20
17.37%
18.50%
22.09%
20 to 34 Years
13.62%
14.37%
15.82%
35 to 39 Years
2.74%
3.02%
3.93%
40 to 49 Years
13.25%
13.71%
14.79%
50 to 64 Years
33.29%
32.65%
29.53%
Age 65+
19.73%
17.76%
13.84%
Median Age
51.49
50.21
46.20
Population 25+ by Education Level
2017 Estimate Population Age 25+
492
2,551
5,735
Elementary (0-8)
2.99%
4.59%
3.49%
Some High School (9-11)
3.65%
4.28%
6.42%
High School Graduate (12)
26.37%
25.34%
23.89%
Some College (13-15)
30.43%
28.08%
28.94%
Associate Degree Only
9.12%
9.50%
10.45%
Bachelors Degree Only
15.06%
15.07%
15.30%
Graduate Degree
9.31%
8.90%
8.78%
Source: © 2017 Experian

25. WAGON WHEEL PLAZA PROPERTY NAME DEMOGRAPHICS MARKETING TEAM Population
Race and Ethnicity
In 2017, the population in your selected geography is 644. The population has changed by 19.48% since It is estimated that the population in your area will be five years from now, which represents a change of 4.66% from the current year. The current population is 51.19% male and 48.81% female. The median age of the population in your area is 51.49, compare this to the US average which is The population density in your area is people per square mile.
People of Hispanic origin make up 19.25% of the current year population in your selected area. Compare this to the US average of 17.88%.
Households
Housing
There are currently 253 households in your selected geography. The number of households has changed by 29.08% since It is estimated that the number of households in your area will be 270 five years from now, which represents a change of 6.72% from the current year. The average household size in your area is 2.73 persons.
The median housing value in your area was $473,465 in 2017, compare this to the US average of $193,953. In 2000, there were 176 owner occupied housing units in your area and there were 20 renter occupied housing units in your area. The median rent at the time was $618.
Income
Employment
The current year per capita income in your area is $52,529, compare this to the US average, which is $30,982. The current year average household income in your area is $133,424, compare this to the US average which is $81,217.
In 2017, there are 1,323 employees in your selected area, this is also known as the daytime population. The 2000 Census revealed that 59.93% of employees are employed in white-collar occupations in this geography, and 39.37% are employed in blue-collar occupations. In 2017, unemployment in this area is 3.60%. In 2000, the average time traveled to work was minutes.
Source: © 2017 Experian

26. WAGON WHEEL PLAZA 8
DEMOGRAPHICS