Kohl’s Pleasant Hill

HIGHLIGHTS

• Rare opportunity to acquire a SF Bay Area trophy retail  property (LEED Silver Certified)
• Lease features a Corporate Guarantee by Kohl’s  Corporation (investment grade rated company)
• Absolute NNN lease
• 6.5 years remaining on initial term (long-term historical occupancy)
• The nearest Kohl’s is in Pleasanton, approximately 23  miles south of the subject property
• Kohl’s is recapturing sales at a faster rate than its peers

DESIRABLE LOCATION

• Unparalleled visibility directly off of I-680 with traffic counts exceeding 275,000 VPD
• Average household incomes exceed $157,000 within a 1-mile radius
• 272,590 residents within a 5-mile radius.
• Centrally located Contra Costa County in between major employment centers of Walnut Creek and Concord
• 26 miles from San Francisco, and 14 miles from Oakland

The offering provides an investor with the generational opportunity to acquire a corporately guaranteed Kohl's which  anchors The Crossroads at Pleasant Hill, a regional lifestyle  shopping center in Pleasant Hill, CA. This high identity location serves the affluent central Contra Costa County market, and this  Kohl's benefits from exceptional demographics and high barriers to entry. This two-story property is LEED Certified and Energy Star rated, featuring energy efficient technology including solar panels, all of which contributes to the long-term value of the asset. Kohl's currently has 6.5 years remaining on an initial 25-year lease, which includes 10% rental escalations every five years and eight 5-year extension options. The lease is absolute NNN and features zero Landlord expense obligations, making this a truly passive investment.

This Kohl's is strategically located in Pleasant Hill, which is equidistant between Walnut Creek and Concord. The subject property benefits from excellent visibility from the heavily-trafficked 1-680 (275,100 VPD), a major north-south highway that runs from Fairfield to San Jose along the East Bay, and is easily accessible from the on and off ramps at the Monument Boulevard exit. The neighboring tenants at The Crossroads at Pleasant Hill feature a dynamic mix of national and daily needs retailers including Dick's Sporting Goods, Marshalls, Dollar Tree, DSW, and Friedmans Appliance.