8105 E WARDLOW RD Long Beach CA 90808

INVESTMENT HIGHLIGHTS

• $158,000 Increase in Current NOI since Marketing Commenced with no Increase in Price

• Grocery Outlet/Dollar Tree Anchored Shopping Center:

  • Grocery Outlet (NASDAQ: GO) operates 415 stores

  • Recently executed a 10-year lease

  • #1 Grocer of the Year – Grocery Dive (2020)

  • #5 Hot 100 Retailers for 2019 – The National Retail Federation and Kantar (2020)

  • Opened 36 stores in 2021 and plans to open another 28 stores by the end of 2022

  • Dollar Tree (NASDAQ: DLTR; S&P: BBB) is the largest and most successful single-price-point retailer in North America

  • Successfully operated at the center since 2009

  • Recently extended their lease by 5 years

  • #137 – Fortune 500 (2022)

• Rare Value-Add Opportunity:

  • Opportunity to lease-up a 5,040 SF former restaurant located on the hard corner

  • 6.27% proforma cap rate

  • 2.32% CAGR; 26% NOI increase over 10 years

  • Below market rent with $1.62 average monthly rent

• Ample Parking; 5.34 Spaces per 1,000 SF

• High-Traffic Signalized Location; 40,000 Cars per Day

• Dense, Affluent Demographics; 513,000 people with AHHI of $120,000 within a 5-mile radius

• Long Beach; 7th Most Populous City in California