OFFERING MEMORANDUM428 HIGH STREET

DELANO, CALIFORNIA

$2,250,000

REALTY CUDUP A Trusted Name in Real Estate

-.:c---.1 Cell: 559.799.1300 Bus: 559.688.1900 Fax: 559.688.13 70 lino@linopimentel.com linopimentel.com

City, State

Aerial & Center Photographs

City, State

Aerial

Cecil AvenueMiddle School

FremontElementary

School

NuevaVista

School

Del VisaElementary

School

Delano Regional

Medical Center

Delano Public

Golf Course

Delano Regional

Bus Terminal

DMV

City Hall

14,625 Population4,514 Employees

CommunityCenter

City, State

Offering Terms

LAND AREA .63 Acre

PRICE $2,250,000

CAP RATE 7%

PRICE PER SQUARE FOOT $224.00

RENTABLE SQUARE FEET 11,146sf

YEAR 1 PROJECTED OPERATING INCOME $174,488

City, State

Property Description

LOCATION 428 High Street is located on Central Delano at the SEQ of 5th Avenue and High Street

ADDRESS 428 High StreetDelano, California 93215

SQUARE FOOTAGE 11,146 square feet

ACCESSORS PARCEL NUMBERAND LAND AREA

037-212-12.63 Acre (27,442sf)

ZONING General Commercial

FRONTAGE 184’ on High Street

TENANTS Unanchored Strip Retail

YEAR BUILT 2008

NUMBER OF BUILDINGS The project consists of (3 ) single level buildings

TRAFFIC COUNTS 13,500 cars per day on Garces Highway at High Street

ACCESS 428 High Street benefits from two points of access, one on High Street and one on 5th Avenue.

PARKING 26 stalls + 2 handicapped in front of center, 16 in rear with additional street parking on High St and 5th Ave.

REALTY UUUUP

City, State

Site Plan

Burger1,590sf

Boost Mobile &Cascade Water

929sf

Donuts1,195sf

Smoke Shop915sf

Market1,920sf

Hispanic1,045sf

Furniture1,426sf

Laundry2,126sf

City, State

Parcel Map

REALTY UUUUP

37-2 I

ST.

ST. Iii

ST. i

SCHOOL DIST.� 2-6 r-100'

6 I 7 : 8

'® I I I I

I I I

JEFFERSON

HIGH

MAIN

I I

�l I I

� I ()

i I � 0 010 0 @ @ 0 @ ®

I ® @) @ I@ @ @!@

64 6.] 6.? 61 60 59 sa 57 56 SS I 54 SJ 5.? 51 50 I 49 48 47 .fO - I en U.6S

� 12//1 2 ll ' I -

41 :

so wl JO JI JR I JJ I J4 .JS .16 37 J8 39 40 4.? 43 44 45 l4 I @ JU @ 1@1 @ @ @ @ f!) @) @1 @ @ ®1 I <:» I I () I � �s1 � I I I I I I I t-. I I I I I I I I

I I v:, I I ,25 25 I I I '

SOUTHERN ADON.

_J LOTS I 52 & 156 OF ORANGE HOM]i)TRACT

37-21

-, Revised: April 17. 2007

Fil�d April !.1920

@ r

ASSESSORS MAP N0 ..... 37.:: .. 2.L _ COUNTY OF KERN

City, State

Regional Maps The City of Delano is the second largest city in KernCounty.

Delano serves as the commerce hub for much ofsouthern Tulare County as well and is the focus ofeight communities within a fifteen-mile radius. Mostimportantly, Delano Marketplace sits on Highway 99,

a major north/south corridor for Central California.

2015 DEMOGRAPHICS DELANO

POPULATION 50,814

HOUSEHOLDS 10,730

AVG. HH INCOME $47,746

Alfl�J!S Ran�!'!

.NJ,elson R�'nge·

l.a'rl·­ Satine Ch�n� Rany_e '""Rti:a�� ·

r-=1 ... ·.:�=-,;-: -,

City, State

Local Maps

Delano, California

Ba:ssetLA\fe

g' :!;:

lirociks Ad ! "' ...

Map <!ala ©�D1G Goog!e

Ave4

Colllnly Line Rd Ave I) � t ,g· i>Jgehro :01

�

Cecil Av� !!)

i ;;;· lO

?I

'16th Pl

l!;l!hAV<! l71h Ave Hlh Pl

;; 5.. 6tli Ave i: 6th Ave Slh F'I

12th A�e

s! � i �

county Line Rd Ave O Z O "D "D

�ofiji· i?f ��,O �,--;

!11

12ncl Ave

\ I),

llilliA,&

f ;;;· 17th Ave ti)

Woollomeli Ave

Dia�5L

:,. �. � 1:stAv�

)> J O�I Sol Pkwy �

r

)>

! Avenue caslJ',o �

•

WCedlAve � 3 ::! §- !

M:str.ews Ave

0 � � � �

Garces Hwy

Quinones Ave

_]

Me

Jefferson Park

tst Ave ls\ Ave 0 q

H

3rd Pl

Cl St \

S) srd Ave

City, State

Financial Analysis

Base Rent $206,688.00NNN Reimbursement $1,800.00Gross Income $208,488.00

Vacancy Loss <$0.00>

Expenses (1)Total Expenses <$34,000.00>

Net Operating Income $174,488.00

SF 11,146sf

Notes: 1. $.25/sf/mo (CAM, Taxes and Insurance)

ASKING PRICE: $2,250,000

City, State

Demographics428 High St

1 rm radius 3 mi radius 5 mi radius Delano, CA 93215

2015 Estimated Population 14,625 44,411 53,274

2020 Projected Population 15,478 46,789 55,814 z 0 201 O Census Population 14,453 44,797 55,388 t= <( 2000 Census Population 12,689 37,725 41,952 ...J ::, a.. Projected Annual Growth 2015 to 2020 1.2% 1.1% 10% 0 a.. Historical Annual Growth 2000 to 2015 1.0% 1.2% 1.8%

2015 Median Age 27.1 27.7 28.1

2015 Estimated Households 3,850 10,487 11,184

2020 Projected Households 4,062 11,037 11,768

201 O Census Households 3,712 10,176 10,855

2000 Census Households 3,385 8,570 9,030

Projected Annual Growth 2015 to 2020 1.1% 1.0%

Historical Annual Growth 2000 to 2015 0.9% 1.5%

2015 Estimated V\/11ite 36.2% 32.8%

2015 Estimated Black or African American 1.6% 2.7%

2015 Estimated Asian or Pacific Islander 9.7% 16.7%

2015 Estimated American Indian or Native Alaskan 1.4% 1.0%

2015 Estimated Other Races 51.1% 46.8%

2015 Estimated Hispanic 85.6% 77.3%

2015 Estimated Average Household Income $40,508 $47,745

2015 Estimated Median Household Income $30,956 $37,738

2015 Estimated Per Capita Income $10,829 $12,148

2015 Estimated Elementary (Grade Level Oto 8) 32.2% 29.6%

2015 Estimated Some High School (Grade Level 9 to 11) 13.8% 13.8%

2015 Estimated High School Graduate 29.5% 29.4%

2015 Estimated Some College 14.9% 15.4%

2015 Estimated Associates Degree Only 3.2% 3.6%

2015 Estimated Bachelors Degree Only 4.8% 6.4%

2015 Estimated Graduate Degree 1.6% 1.8%

2015 Estimated Total Businesses 593 943

2015 Estimated Total Employees 4,514 9,507

2015 Estimated Employee Population per Business 7.6 10.1

2015 Estimated Residential Population per Business 24.6 47.1