VACAVILLE ANIMAL CARE CENTER

O F F E R I N G M E M O R A N D U M

1100 E MONTE VISTA AVE | VACAVILLE, CA 95688

™

2

CONTENTS

03 EXECUTIVE OVERVIEW

06 FINANCIAL OVERVIEW

08 TENANT OVERVIEW

09 AREA OVERVIEW

LISTED BY:

CHUCK EVANSSenior AssociateD: (925) 319-4035 M: (925) 323-2263E: chuck.evans@matthews.comLicense No. 01963473 (CA)

BROKER OF RECORDKyle MatthewsLicense No. 1972189 (CA)

VINCE CHAPEYAssociateD: (925) 718-7525 M: (925) 915-9569E: vincent.chapey@matthews.comLicense No. 02102058 (CA)

™

3

LIST PRICE

$750,000

YEAR 1 NOI

$67,368

PROPERTY ADDRESS

1100 E MONTE VISTA AVEVACAVILLE, CA 95688

CAP RATE

9.09%± 18,879 SF (0.43 AC)

LOT SIZE

LEASE TERM REMAINING

±1 YEAR

EXECUTIVE OVERVIEW

SECTION

0 1

INVESTMENT HIGHLIGHTS

• Prime Northern California real estate at a cheap price point

• Strong hedge against inflation with annual CPI increases

• Incredible visibility having over 16,000 CPD passing by this site on E Monte Vista Ave

• In close proximity to Vacaville High School and Lucky’s anchored shopping center

• Tenant is paying below market rent for Vacaville

• Incredible population growth over the past 9 years with 10% in a 5-mile radius

• Very strong demographics with an average household income exceeding $100,000 in a 3- & 5-mile radius

4

E . M O N T E V I S T A A V E± 1 6 , 8 2 4 V P D

± 1 7 7, 0 0 0 V P D

80INTERSTATE

A L L I S O N D R± 1 4 , 0 0 0 V P D

SUB J E C TP ROP E R T Y

5

SUB J E C TP ROP E R T Y

E . M O N T E V I S T A A V E± 1 6 , 8 2 4 V P D

± 1 7 7, 0 0 0 V P D

80INTERSTATE

6

SUB J E C TP ROP E R T Y

E . M O N T E V I S T A A V E± 1 6 , 8 2 4 V P D

± 1 7 7, 0 0 0 V P D

W I L L C . W O O DH I G H S C H O O L

80INTERSTATE

7

8

FINANCIALOVERVIEW

SECTION

0 2

9

ANNUALIZED OPERATING DATA

TERM REMAINING ANNUAL RENT CAP RATE

Current - June 30th 2021 $68,179.49 9.09%

PROPERTY SUMMARY

Property Name NVA Vet Clinic

Address 1100 E Monte Vista Ave Vacaville, CA 95688

Price $750,000

Cap Rate 9.09%

Rent $68,179.49

Year Built 1995

LEASE SUMMARY

Lease Type NNN

Tenant National Veterinary Associates, Inc

Lease Guarantor National Veterinary Associates, Inc

Roof & Structure Landlord Responsibility

Rent Commencement Date July 1, 2012

Lease Expiration Date June 30th, 2021

Lease Term One Year

Rental Increases Annual CPI Increases

Renewal Options One (1) Three (3) Year

ROFR Yes

10

AREAOVERVIEW

SECTION

0 4

11

VACAVILLE, CAVacaville, California is located in northern Solano County, midway between San Francisco and Sacramento. The City of Vacaville, incorporated in 1892 and currently comprising just under 27 square miles, has a beautiful setting bordered by rolling hillsides, fruit orchards and fertile farmland.

The City’s rich history has transformed the community from a small agricultural town into a thriving and progressive city; now a diverse population of 97,446 residents call Vacaville home. While the City’s population history and demographics show its rapid growth, Vacaville remains a “small town at heart,” whose residents pride themselves on the high level of community involvement.

DEMOGRAPHICS

HOUSEHOLDS 1-MILE 3-MILE 5-MILE

2025 PROJECTION 5,392 34,202 40,6752020 ESTIMATE 5,192 32,865 38,9182010 CENSUS 4,827 30,246 34,617GROWTH: 2020 - 2025 3.85% 4.07% 4.51%GROWTH: 2010 - 2020 7.56% 8.66% 12.43%INCOME 1-MILE 3-MILE 5-MILE

AVERAGE HH INCOME $89,293 $115,141 $121,625

MEDIAN HH INCOME $62,469 $88,172 $94,164

POPULATION 1-MILE 3-MILE 5-MILE

2025 PROJECTION 14,755 97,442 116,5952020 ESTIMATE 14,243 94,374 112,3392010 CENSUS 13,357 89,547 102,697GROWTH: 2020 - 2025 3.60% 3.25% 3.79%GROWTH: 2010 - 2020 6.63% 5.39% 9.39%

12

LIFE IN VACAVILLEAffordable housing, quality schools, a wide array of youth activities, and numerous community events contribute to making Vacaville a family-oriented city. The median selling price of a home in Vacaville (as of March 25, 2017) is about $390,000. Residents of all ages participate in organized sports leagues year-round, including soccer, baseball, softball, and ice hockey. In addition, the City of Vacaville provides high quality recreation programs for all ages, and has continued to invest in state-of-the-art public recreation facilities, including a new community pool with water slides and a diving well, ball fields, and a skateboard park. There are numerous community events throughout the year that provide fun for the entire family, including the annual Fiesta Days and Fourth of July celebrations, concerts during the summer at the downtown Creekwalk, and the “Merriment on Main” festivities during the holiday season.

With Vacaville’s central location, residents can “day trip” to beaches, Lake Tahoe, and the Napa wine country. However, they need not look further than Vacaville for a wide range of arts and entertainment opportunities, including the Vacaville Performing Arts Theater. For those who enjoy the outdoors, Lagoon Valley Park provides the opportunity to fish, hike, and sail in a scenic, natural setting. Other options include enjoying the downtown with a stroll along the beautiful Creekwalk, catching a movie, or hitting the ice at the skating center. Residents and visitors enjoy an expanding choice of restaurants in the revitalized, historic downtown, and some of the best shopping in the area with a thriving retail district along Interstate 80 that includes one of the largest factory outlet complexes in California.

SAC RAMENTO, C A

13

SACRAMENTO, CAAs the capital of the world’s 6th largest economy and only 33 miles from the subject property, Sacramento is undergoing a transition, with technological and cultural developments breathing new life into the city. Sacramento is seeing a growth in population, especially young professionals who are drawn to the reasonable cost of living, abundant sunshine and ethnic diversity. Sacramento beckons many visitors as well, due to its strategic location at the heart of the Central Valley, the metro area is at the forefront of the farm-to-fork movement. Residents have access to an abundance of fresh, locally sourced foods from nearby farms, wineries and breweries.

Sacramento has experienced economic growth in the last ten years. Unemployment has fallen below 6 percent and job growth is very evident in industries like technology, construction and healthcare. Healthcare is a major industry and Sutter Memorial Hospital and UC Davis Medical center employ a large number of residents. The government continues to be the region’s largest employer and continues to remain stable.

Sacramento’s economy has been fueled by recent job growth in leisure and hospitality, which saw a 12 percent increase in 2016 compared to 2015. This growth in tourism is largely due to Sacramento’s ability to host large events and conventions. Recently these large events have been professional sporting events, like the yearly cycling competition, the Amgen Tour of California and the California International Marathon.

| 14

This Offering Memorandum contains select information pertaining to the business and affairs of Vacaville Animal Care Center located in 1100 E Monte Vista Ave, Vacaville, CA 95688 (“Property”). It has been prepared by Matthews Real Estate Investment Services. This Offering Memorandum may not be all-inclusive or contain all of the information a prospective purchaser may desire. The information contained in this Offering Memorandum is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is not to be used for any other purpose or made available to any other person without the written consent of Seller or Matthews Real Estate Investment Services. The material is based in part upon information supplied by the Seller and in part upon financial information obtained from sources it deems reliable. Owner, nor their officers, employees, or agents makes any representation or warranty, express or implied, as to the accuracy or completeness of this Offering Memorandum or any of its contents and no legal liability is assumed or shall be implied with respect thereto. Prospective purchasers should make their own projections and form their own conclusions without reliance upon the material contained herein and conduct their own due diligence.

By acknowledging your receipt of this Offering Memorandum for the Property, you agree:

1. The Offering Memorandum and its contents are confidential;2. You will hold it and treat it in the strictest of confidence; and3. You will not, directly or indirectly, disclose or permit anyone else to disclose this Offering Memorandum or its contents in any fashion

or manner detrimental to the interest of the Seller.

Owner and Matthews Real Estate Investment Services expressly reserve the right, at their sole discretion, to reject any and all expressions of interest or offers to purchase the Property and to terminate discussions with any person or entity reviewing this Offering Memorandum or making an offer to purchase the Property unless and until a written agreement for the purchase and sale of the Property has been fully executed and delivered.

If you wish not to pursue negotiations leading to the acquisition of the Property or in the future you discontinue such negotiations, then you agree to purge all materials relating to this Property including this Offering Memorandum.

A prospective purchaser’s sole and exclusive rights with respect to this prospective transaction, the Property, or information provided herein or in connection with the sale of the Property shall be limited to those expressly provided in an executed Purchase Agreement and shall be subject to the terms thereof. In no event shall a prospective purchaser have any other claims against Seller or Matthews Real Estate Investment Services or any of their affiliates or any of their respective officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action relating to this solicitation process or the marketing or sale of the Property.

This Offering Memorandum shall not be deemed to represent the state of affairs of the Property or constitute an indication that there has been no change in the state of affairs of the Property since the date this Offering Memorandum.

CONFIDENTIALITY AGREEMENT & DISCLAIMER

15™

LISTED BY:

1100 E MONTE VISTA AVE | VACAVILLE, CA 95688

BROKER OF RECORDKyle Matthews

License No. 1972189 (CA)

VINCE CHAPEYAssociate

D: (925) 718-7525 M: (925) 915-9569

E: vincent.chapey@matthews.comLicense No. 02102058 (CA)

CHUCK EVANSSenior AssociateD: (925) 319-4035 M: (925) 323-2263

E: chuck.evans@matthews.comLicense No. 01963473 (CA)

VACAVILLE ANIMAL CARE CENTER