OFFERING MEMORANDUM

New 10 year lease

THOUSAND OAKS CALIFORNIA

CONFIDENTIALITY AND DISCLAIMERThe 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.

SPECIAL COVID-19 NOTICEAll potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making.

NON-ENDORSEMENT NOTICEMarcus & 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 YOURMARCUS & MILLICHAP AGENT FOR MORE DETAILS.

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P a c i f i cO c e a n

M o n t e r e yB a y

H u m b o l d tB a y

San FranciscoBay

S a n t a B a r b a r a C h a n n e l

G u l f o fS a n t a C a t a l i n a

Chico

Lancaster

Lodi

Lompoc

Merced

Monterey

Palm Springs

Petaluma

Poway

Redding

San Luis Obispo

Santa Cruz

Santa Maria

Visalia

Vista

Arcata

Arroyo Grande

Atascadero

Atwater

Barstow

Big Bear

Brawley

Calexico

Ceres

Delano

El Centro

Encinitas

Eureka

Fallbrook

Gilroy

Hanford

Hesperia

Hollister

Indio

Linda

Los Banos

Madera

Manteca

Marina

Morgan Hill

Palm Desert

Palmdale

Porterville

Reedley

Ridgecrest

Sanger

Selma

Solana Beach

South Lake Tahoe

Tulare

Ukiah

Victorville

Watsonville

Yuba City

Yucaipa

Bullhead City

Lake Havasu City

Yuma

Twin Falls

Medford

AltamontAshland

Grants Pass

Klamath Falls

Cedar City

St. George

Henderson

Winchester

RosaritoSan Luis

Bakersfield

Berkeley

Concord

Fremont

Modesto

Oxnard

Riverside

San Bernardino

Stockton

Arden-Arcade

Burbank

Chula Vista

CitrusHeights

Costa Mesa

Daly City

El Cajon

Escondido

Fairfield

La Mesa

Mission Viejo

Napa

Newport Beach

Oceanside

Palo Alto

Pomona

Redondo Beach

Redwood City

Richmond

Salinas

San Mateo

Santa Barbara

Santa Clara

Santa Rosa

Simi Valley

Vallejo

Whittier

Las Vegas

Reno

Paradise

Anaheim

Fresno

Long Beach

Los Angeles

Oakland

San Diego

San Francisco

San Jose

Santa Ana

Ventura

Sacramento

Carson City

Mexicali

Arizona

Idaho

Nevada

Oregon

Utah

CALIFORNIA

Mexico

Investment Summary .........................................5Investment Highlights.........................................6Aerial Maps ........................................................8Tenant Summary ..............................................10Site Plan ..........................................................11Area Map .........................................................12Location Overview ............................................14Location Highlights ...........................................16Demographics ..................................................17

TABLE OF CONTENTS

O V E R V I E WPrice $2,835,804

Gross Leasable Area (GLA) 2,600 SF

Lot Size (approx.) 0.6 Acres

Net Operating Income $116,268

CAP Rate 4.10%

Year Built 1999

L E A S E A B S T R A C TLease Type Ground Lease

Lease Term 10 Year Extension

Lease Start (Extension) December 1, 2019

Lease Expiration 11/30/2029

Renewal Options 1x10

Increase CPI not to exceed 15%

Roof and Structure Tenant Responsible

2750 CAMINO DOS RIOS, THOUSAND OAKS, CA 91320

PRICE: $2,835,804 CAP: 4.10% RENT: $116,268

INVESTMENT SUMMARY

A N N U A L I Z E D O P E R AT I N G D ATA

Lease Term Annual Rent

Current Rent $116,268

12/2024 - 11/30/2029 $133,708

12/1/2029 - 11/30/2034 (Option Period) $153,764

12/1/2034-11/30/2039 (Option Period) $176,829

Rent escalations based on CPI, not to exceed 15%, shown here as an estimate only, actual calculations may vary.

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INVESTMENT HIGHLIGHTS t NEW 10 YEAR GROUND LEASE EXTENSION t Absolute Net-Lease – Zero Landlord Responsibilities t In the retail hub of the region with a drive-thru and patio seating t Located on the Corner of Camino Dos Rios and Hillcrest Drive and

Directly off the 101 Ventura Freeway t As of August 2020, the site is under new and improved management.

New 3 unit operator (franchisee) with over 20 years experience in EPL operation.

t • Franchisee is committed to the success of the location, offering a personal and franchise guarantee

t • Operator is also spending over $300,000 of their own money to renovate the property

t • Franchisee has also placed a 3 month security deposit to the benefit of the Landlord to off set any perceived risk

t Located Less than Half a Mile from Adventist Academy High School and Less than Two Miles Away from Newbury Park High School, Allowing for Heavy Foot and Lunch Traffic from the Students

t Pandemic resistant, recession resistant and e-commerce resistant, makes this investment opportunity a sleep-at-night opportunity

117,794 VPD

120,319TOTAL POPULATION WITHIN 5-MILE RADIUS

$139,108AVERAGE HOUSEHOLD INCOME WITHIN 5-MILE RADIUS

- VENTURA FWY

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TELLER RDTELLER RD

WENDY DR

WENDY DR

CAMINO DOS RIOSCAMINO DOS RIOS

VENTURA FWY – 117,794 VPD

VENTURA FWY – 117,794 VPD

Media and Silicon Industry Establishments Zoned Light

Industrial Area

Zoned Light Industrial Area

OFF RAM

P

OFF RAM

PMcDonald’s

Newbury Park Adventist Academy

Print & Ship SerivcesSM

Site is near Amgen, the largest employer in

the immediate area

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REPRESENTATIVE PHOTO

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TENANT SUMMARYEL POLLO LOCOEl Pollo Loco was established in 1980 and HQ in Costa Mesa CA. It is one of the largest restaurants offering in Mexican styled food. There are over 340 company owned and franchised locations in the United States. El Pollo Loco primarily prepares Mexican chicken entrees. The American company also offers Mexican-style food such as tacos, burritos, enchiladas, and quesadillas. In 1980, the very first American El Pollo Loco opened on Alvarado Street in Los Angeles where it quickly became a local favorite. With authentically prepared citrus-marinated, fire-grilled chicken, freshly prepared ingredients, and a welcoming atmosphere customers knew they had a unique dining experience unlike any other in their neighborhood.

While a lot has changed over the past few decades, El Pollo Loco’s commitment to fresh authentically prepared food has not.

As of 2017, El Pollo Loco’s total assets exceed $460 million.

COSTA MESA, CAHEADQUARTERS

PARENT CO NASDAQ

FRANCHISEGUARANTOR

LOCO

3 UNIT OPERATORCORPORATE

CORPORATE

REVENUE

$380.12 MIL

EL POLLO LOCO

WEBSITEWWW.ELPOLLOLOCO.COM

EL POLLO LOCOTENANT TRADE NAME

REPRESENTATIVE PHOTO

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SITE PLAN

CA

MIN

O D

OS

RIO

S

CAMINO DOS RIOS

CAMINO DOS RIOS

DRIVE-THROUGH

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CasaConejo

VentuPark

CAMARILLOGROVE COUNTY

PARK

BORCHARDPARK

KNOLLPARK

PEPPERTREE PARK

RANCHOCONEJO

PLAYFIELD

DEL PRADOPLAYFIELD

LYNN OAKSPARK

STAGECOACHINN PARK

Ventura Fwy

W Hillcrest Dr N Ventu Park Rd

Lawrence Dr

Ranc

ho C

onej

o Bl

vd

Conejo Center Dr

Arroyo View St

Grande Vista Dr

Fox Springs Cir

Camarillo Grove Rd

Academy Dr

Teller Rd

N Calle Yucca

Roadrunne r Ave

Conejo

Spectru

m St

Calle A rroyo

Paul

ing D

r

Seabreeze St

Amarelle St

Corporate Center Dr Blue Canyon St

Marion St

Camino

O l mo

Estates Dr

Sha d y O

aks D

r

Tou rmaline D

r

Valleyfield Ave

Oak Trail St

Sapphire Dragon St

N Ca

lle S

alto

Biote

ch Ct

Canyon Vista Dr

Mitchell R

dCamino Dos Rios

Ruby Dr

Red Robin Pl

Wat

erto

wn C

t

Del V

erde

Ct

Oak Terrace Ln

Broadbeck Dr

Amador Ln

Glenbrock Ln

Baxter Blvd

Rock Spr. St

Lavery Ct

Applefld. St

G l i der C t

Pinec.

Ct

Anchor Ct

Lynnmere Dr

N Ventu Park Rd

W Lynn Rd

Borchard Rd

S Re

ino

Rd

Old Conejo Rd

S Ve

ntu

Park

Rd

N Wendy D

r

N R

eino Rd

S Wendy Dr

N Ventu Park Rd

Newbury Rd

Michael Dr

W Kimber Dr

Walter Ave

Lesser Dr

Ramona Dr

Cayo Grande Ct

Fallb

rook

Ave

Jenny Dr

Knol

lwoo

d Dr

Mayfield St

Bear Creek Dr

Dicken

son A

ve

Los V

ientos

Dr

McKnight R

d

W Kelly R

d

Crystal View Cir

La Cam Rd

New

bury

Ln

Kathleen Dr

May

nard

Ave

Theresa DrJessica St

Cind

y Ave

Gerald Dr

Hai

gh R

d

Shirley Dr

S ila

s Av

e

Alice Dr

Charlotte St

Wa u neta St

Blue

field

Ave

Regal Oak Ct

Via Rio

Baxter StVia Entrada

Moo nrid

ge A

ve

Sila

s Ln

Giant Oak Ave

Me s

a Av

e

Theresa St

Kelly Rd

Ruth Dr

N M

a drid Ave

Kit

ty D

r

Frankie DrDon

ald Ave

Virg

inia

Dr

Lupe

Ave

Vista Conejo

S Dewey Ave

Dev

i a D

r

Gloria Dr

E Ke

lly R

d

N Lois Ave

Robertson St

W D a n iel St

Nort ham

Ave

Spanish Gate Dr

Susan Dr

Maple R

d

H ira

m A

ve

R udolp

h Dr

Cat

hy D

r

Alice Ann Rd

Debbie St

Amb erton Ln

Farland St

Elm R

d

Denise St

Adrian St

Adrian St

Ortega Dr

Via Cerritos

Madonna Ln

N Verna Ave

Sandra Ct

Dela c odo A

ve

Timber Rd

Beech Rd

Louis Dr

Henry Dr

Redfield Ave

Malat D

r

Asta

Ave

Carob D r Ile

x Dr

Canyon Rd

Rivendell CirR

udman Dr

Dore

na D

rD

oren

a D

r

Stra

uss D

r

Brook Rd

Ocatill o Ave

Via Encanto

Edga

r Ct

Gerst Dr

Whitegt. R

d

M t. V

w. D r

Northland St

Mar

tiniq

ue P

l

Dorrit St

Cab

rillo

Ave

La F

ortu

na

Randy Dr

D onlin R

d

La Encina

Pepp

er R

d

Dena

Dr

Den

a D

r

Monte Vis

Via Fiesta

Via Inez

El Cie lo

Pan C t

Yew Dr

Borchard Rd

Old C

onejo Rd

S Ventu Park R d

Cone j o V

ista T

rail

m a p s 4 n e w s . c o m / © H E R E

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THOUSAND OAKS, CALIFORNIAThousand Oaks is the second-largest city in Ventura County, California. It is less than 15 miles away from the Los Angeles city neighborhood of Woodland Hills and was named after the many oak trees that grow in the area. Thousand Oaks forms the central populated core of the Conejo Valley. Thousand Oaks is one of the safest cities in America based on the consistent FBI reporting, it is the fourth safest city with a population greater than 100,000.

Thousand Oaks is served by the Conejo Valley Unified School District. They have high academic scores with several schools scoring in the top ten percent of schools in California. The high schools of the area include Thousand Oaks High School, Newbury Park High School, and Westlake High School. As well as private schools like Oaks Christian High School ranking as third Best Christian High School in California.

The city tributes its Chumash ancestry with the Chumash Indian Museum, where people of all ages can study the history of the people and land. Thousand Oaks is also home to many art museums and beautiful nature such as Paradise Falls and Wildwood Regional Park.

LOCATION OVERVIEW

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M A J O R E M P L O Y E R ST H O U S A N D O A K S , C A

Amgen Inc. 5,000

Conejo Valley Unified School District 2,780

Los Robles Regional Medical Center 1,612

Anthem Inc 1,278

California Lutheran University 1,166

Shire 730

Skyworks Solutions Inc. 692

PennyMac 674

City of Thousand Oaks 540

Silver Star Automotive Group 527

LOCATION HIGHLIGHTS

Surrounded by the regions retail hub - destination retail.

Nestled in heart of suburban infill with dense population and

barriers to entry.

THOUSAND OAKS, CALIFORNIA HOME TO CAL LUTHERAN UNIVERSITY

Strong visibility for multiple points of ingress/ egress.

Award-winning school system and various college

campuses in the area.

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Arroyo SimiLas Posas

Arroyo

PacificOcean

26 Miles from Malibu &

Pepperdine University

Malibu

6.4 Miles from Cal Lutheran University

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120,319Total Population Within 5-Mile Radius

$139,108 Average Household Income

Within 5-Mile Radius

$100,812Median Household Income

Within 5-Mile Radius

20.6% From 2000

DEMOGRAPHICS /THOUSAND OAKS, CA

44,094Total Households in 5-Mile Radius

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POPULATION 1 MILE 3 MILES 5 MILES2024 Projection 7,749 52,182 120,3192019A Estimate 7,681 51,221 118,609Growth 2019A - 2024 0.89% 1.88% 1.44%2000 Census 7,730 44,126 102,8172010 Census 7,534 49,717 114,832Growth 2000 - 2010 -2.53% 12.67% 11.69%

HOUSEHOLDS 1 MILES 3 MILES 5 MILES2024 Projections 2,681 18,683 44,0942019A Estimate 2,648 18,291 43,251Growth 2019A - 2024 1.27% 2.14% 1.95%

2000 Census 2,608 15,491 36,561

2010 Census 2,561 17,467 41,197Growth 2000 - 2010 -1.81% 12.76% 12.68%

HOUSEHOLDS BY INCOME (2019A Est.) 1 MILES 3 MILES 5 MILES$200,000 or More 8.65% 18.57% 16.81%

$150,000 - $199,999 12.35% 12.90% 12.05%

$100,000 - $149,999 24.76% 23.64% 21.58%$75,000 - $99,999 15.07% 13.43% 13.03%$50,000 - $74,999 14.05% 10.93% 12.28%$35,000 - $49,999 10.09% 8.07% 8.64%$25,000 - $34,999 6.15% 4.67% 5.40%$15,000 - $24,999 4.75% 3.91% 4.88%$10,000 - $14,999 2.54% 1.78% 2.54%Under $9,999 1.60% 2.12% 2.80% 2019A Est. Average Household Income $121,123 $148,686 $139,108

2019A Est. Median Household Income $93,068 $109,113 $100,812

2019A Est. Per Capita Income $41,966 $53,174 $51,043

POPULATION PROFILE 1 MILES 3 MILES 5 MILES2019A Estimated Population by Age 7,681 51,221 118,609

Under 4 5.1% 4.7% 4.6%5 to 14 Years 12.5% 12.9% 12.0%15 to 17 Years 4.5% 4.3% 4.0%18 to 19 Years 3.0% 2.6% 2.9%20 to 24 Years 6.6% 5.3% 6.0%25 to 29 Years 6.5% 4.9% 5.2%30 to 34 Years 6.2% 4.8% 5.0%35 to 39 Years 6.4% 5.6% 5.4%40 to 49 Years 14.1% 14.3% 13.3%50 to 59 Years 14.5% 15.3% 15.0%60 to 64 Years 6.2% 7.0% 6.8%65 to 69 Years 4.8% 6.4% 6.0%70 to 74 Years 3.4% 4.9% 4.7%Age 75+ 6.1% 7.1% 9.1%

2019A Median Age 39.3 43.8 44.1

2019A Population 25 + by Education Level 5,236 35,968 83,694Elementary (0-8) 2.23% 2.03% 2.08%Some High School (9-11) 5.37% 3.15% 3.65%High School Graduate (12) 18.13% 13.99% 15.51%Some College (13-15) 28.46% 21.65% 22.62%Associates Degree Only 8.22% 8.57% 8.76%Bachelors Degree Only 24.20% 29.71% 28.22%

Graduate Degree 12.35% 20.26% 18.46%

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THOUSAND OAKS CALIFORNIA

LIOR REGENSTREIFSENIOR MANAGING DIRECTOR INVESTMENTS

SENIOR DIRECTOR, NET LEASED PROPERTIES GROUPENCINO OFFICE

Tel: (818) 212-2730Fax: (818) 212-2710

Lior.Regenstreif@marcusmillichap.comLicense: CA 01267761