100 N CHEROKEE LANE LODI, CA 95240

100% LEASED RETAIL INVESTMENT 3 BUILDINGS LOCATED ON 1.11 ACRES

Exclusively Listed By:

$1,195,000 / 6.77% CAP / $114 PSF

2264 Fair Oaks Blvd. Suite 201Sacramento, CA 95825

CA BRE #01904661

Patrick Follett pf@corecre.com 916. 274. 4433 CA BRE #01796180

FOR SALE

CORE Commercial is pleased to offer for sale 100 N Cherokee Lane in Lodi, CA. The subject property consists of three separate buildings situated on a 1.11 acre lot with 43 dedicated parking spaces. The offering presents an investor the opportunity to acquire a stabilized property at a low price point of $1,195,000, attractive in-place Cap Rate of 6.77% and a low price per square foot of $114. Average in-place rental rates at the property equate to $0.87 PSF Gross and present the opportunity for increased NOI growth through the conversion of gross type leases to NNN in the future. Current CAM, Taxes and Insurance at the subject property equate to a modest $0.18 PSF, NNN making the conversion realistic and achievable. The current gross rents at the subject property total $108,300 with an in-place NOI of approximately $80,944. The in-place NOI also factors in a reserve and maintenance figure of $3,576 per year. The subject property has excellent visibility along N Cherokee Lane and benefits from average daily traffic counts of 22,000 vehicles. The property also offers convenient access to and from HWY 99. The surrounding trade area is comprised of a number of retailers as well as an established neighborhood with a 2 mile population of 40,049 surrounding the subject property.

The City of Lodi is centrally located in Northern California just 35 miles south of Sacramento and only 90 miles east of San Francisco and San Jose. Lodi boasts an extensive cultural scene, much of which is rooted in the city’s downtown area which includes a multiplex cinema, restaurants, specialty shops and wine tasting rooms. Lodi’s economy is centered and focused on the production of premium quality wines and is supported by over 90,000 acres of vineyards in the Lodi / Woodbridge region. Nearly 40% of California’s premium wine grapes are grown in the region with annual crop production of approximately $350M. The Lodi / Woodbridge area has been a respected part of California’s wine industry for over 100 years and continues to produce some of the nation’s fastest growing brands. Furthermore, the City of Lodi is committed to “quality growth” as it strives to protect its historical, small-town charm through an annual growth management program. Lodi is convenient, compact, efficiently designed as well as affordable and those characteristics will continue to attract residents, retailers and visitors moving forward.

The Offering www.corecre.com

Patrick Follettpf@corecre.com916. 274. 4433CA BRE #01796180

Offering SummaryList Price $1,195,000

Net Operating Income $80,944

Cap Rate 6.77%

Building Per Square Foot $114

Address 100 Cherokee Lane Lodi, CA 95240

Total Building Size 10,500 SF

APN # 043-210-65 (San Joaquin County)

Parcel Size 1.11 Acres (48,351 SF)

Year Built 1975 (per public records)

Parking 43 Dedicated Parking Spaces

Traffic Counts 22,000 VPD at Cherokee Lane & Elm Street

Property Summary

Income & Expense Summary100 N Cherokee LaneLodi, CA 95240Prepared for Peter and Koula Fotopoulos

Valuation Summary In-Place

Total Gross Income 108,300

Expenses Common Area Charges (Est.) 4,007 1

Property Taxes (Est.) 12,703 2

Insurance (Est.) 6,971 3

Reserves and Maint (Est.) 3,675 4

Total Expenses (27,356)

Net Operating Income 80,944

Footnotes1 2016 Expenses Inflated at 3%2 Property Taxes Reassessed at 1.063% of Opinion of Value3 Current Ownership's Actual 2016 Cost4 Reserves and Maintenance Calculated at $0.35 PSF

Asking Price $/SF In-Place Cap$1,195,000 $114 6.77%

Patrick Follett916.274.4433

8/16/17 10:36 AM

Proforma

Footnotes1 2016  Expenses  Inflated  at  3%2 Property  Taxes  Reassessed  at  1.063%  of  Asking  Price3 Current  Ownership's  Actual  2016  Cost4 Reserves  and  Maintenance  Calculated  at  $0.35  PSF

www.corecre.com

TermEnd Annual Monthly $/SF Options

Franco's  Pizza 2,000 19.0% 7/31/19 $24,300 $2,025 $1.01 Gross 1,  5  Year  Option

Herbal  Life 1,000 9.5% MTM $9,600 $800 $0.80 Gross None

Angie's  Hair  Salon 1,000 9.5% 06/30/20 $10,800 $900 $0.90 Gross 1,  5  Year  Option

El  Encanto 2,500 23.8% 07/31/19 $25,200 $2,100 $0.84 Gross 1,  5  Year  Option

Havatan 4,000 38.1% 05/31/20 $38,400 $3,200 $0.80 Gross 1,  5  Year  Option

Total  GLA: 10,500 100.0% Total  Rent: $108,300 $9,025 $0.87 Ave  In-­‐Place

RentTenant  Name ±  Size  (SF) Share Lease  Type

Rent Roll

www.corecre.com

Property Photos

Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography page 1 of 1©2017, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 38.1354/-121.2601RS1

100 N Cherokee Ln1 mi radius 2 mi radius 3 mi radius

Lodi, CA 95240

PO

PU

LATI

ON

2017 Estimated Population 17,022 41,049 68,126

2022 Projected Population 18,376 44,164 73,184

2010 Census Population 15,964 39,108 65,474

2000 Census Population 15,891 38,090 61,212

Projected Annual Growth 2017 to 2022 1.6% 1.5% 1.5%

Historical Annual Growth 2000 to 2017 0.4% 0.5% 0.7%

2017 Median Age 29.6 34.8 36.5

HO

US

EH

OLD

S

2017 Estimated Households 5,168 14,113 24,300

2022 Projected Households 5,434 14,783 25,406

2010 Census Households 4,818 13,437 23,340

2000 Census Households 4,999 13,436 22,164

Projected Annual Growth 2017 to 2022 1.0% 0.9% 0.9%

Historical Annual Growth 2000 to 2017 0.2% 0.3% 0.6%

RA

CE

AN

DE

THN

ICIT

Y

2017 Estimated White 51.6% 61.8% 65.8%

2017 Estimated Black or African American 0.9% 1.0% 1.1%

2017 Estimated Asian or Pacific Islander 8.9% 8.2% 8.4%

2017 Estimated American Indian or Native Alaskan 1.3% 1.0% 0.9%

2017 Estimated Other Races 37.3% 28.1% 23.7%

2017 Estimated Hispanic 64.2% 46.2% 38.7%

INC

OM

E 2017 Estimated Average Household Income $43,745 $60,159 $71,043

2017 Estimated Median Household Income $35,015 $49,091 $58,979

2017 Estimated Per Capita Income $13,406 $20,790 $25,416

ED

UC

ATI

ON

( AG

E 2

5+)

2017 Estimated Elementary (Grade Level 0 to 8) 23.3% 13.6% 11.0%

2017 Estimated Some High School (Grade Level 9 to 11) 12.1% 9.1% 8.1%

2017 Estimated High School Graduate 30.1% 28.8% 26.7%

2017 Estimated Some College 19.1% 23.5% 23.5%

2017 Estimated Associates Degree Only 7.6% 10.4% 11.0%

2017 Estimated Bachelors Degree Only 5.1% 9.8% 12.8%

2017 Estimated Graduate Degree 2.6% 4.8% 6.8%

BU

SIN

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S 2017 Estimated Total Businesses 1,116 2,166 2,896

2017 Estimated Total Employees 11,818 22,126 34,705

2017 Estimated Employee Population per Business 10.6 10.2 12.0

2017 Estimated Residential Population per Business 15.3 19.0 23.5

Demographic Source: Applied Geographic Solutions 04/2017, TIGER Geography page 1 of 1©2017, Sites USA, Chandler, Arizona, 480-491-1112

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SUMMARY PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 38.1354/-121.2601RS1

100 N Cherokee Ln1 mi radius 2 mi radius 3 mi radius

Lodi, CA 95240

PO

PU

LATI

ON

2017 Estimated Population 17,022 41,049 68,126

2022 Projected Population 18,376 44,164 73,184

2010 Census Population 15,964 39,108 65,474

2000 Census Population 15,891 38,090 61,212

Projected Annual Growth 2017 to 2022 1.6% 1.5% 1.5%

Historical Annual Growth 2000 to 2017 0.4% 0.5% 0.7%

2017 Median Age 29.6 34.8 36.5

HO

US

EH

OLD

S

2017 Estimated Households 5,168 14,113 24,300

2022 Projected Households 5,434 14,783 25,406

2010 Census Households 4,818 13,437 23,340

2000 Census Households 4,999 13,436 22,164

Projected Annual Growth 2017 to 2022 1.0% 0.9% 0.9%

Historical Annual Growth 2000 to 2017 0.2% 0.3% 0.6%

RA

CE

AN

DE

THN

ICIT

Y

2017 Estimated White 51.6% 61.8% 65.8%

2017 Estimated Black or African American 0.9% 1.0% 1.1%

2017 Estimated Asian or Pacific Islander 8.9% 8.2% 8.4%

2017 Estimated American Indian or Native Alaskan 1.3% 1.0% 0.9%

2017 Estimated Other Races 37.3% 28.1% 23.7%

2017 Estimated Hispanic 64.2% 46.2% 38.7%

INC

OM

E 2017 Estimated Average Household Income $43,745 $60,159 $71,043

2017 Estimated Median Household Income $35,015 $49,091 $58,979

2017 Estimated Per Capita Income $13,406 $20,790 $25,416

ED

UC

ATI

ON

(AG

E 2

5+)

2017 Estimated Elementary (Grade Level 0 to 8) 23.3% 13.6% 11.0%

2017 Estimated Some High School (Grade Level 9 to 11) 12.1% 9.1% 8.1%

2017 Estimated High School Graduate 30.1% 28.8% 26.7%

2017 Estimated Some College 19.1% 23.5% 23.5%

2017 Estimated Associates Degree Only 7.6% 10.4% 11.0%

2017 Estimated Bachelors Degree Only 5.1% 9.8% 12.8%

2017 Estimated Graduate Degree 2.6% 4.8% 6.8%

BU

SIN

ES

S 2017 Estimated Total Businesses 1,116 2,166 2,896

2017 Estimated Total Employees 11,818 22,126 34,705

2017 Estimated Employee Population per Business 10.6 10.2 12.0

2017 Estimated Residential Population per Business 15.3 19.0 23.5

Demographics

SUBJECT

Location

COPYRIGHT © 2017. ALL RIGHTS RESERVED. CORE Commercial (“Agent”), CA DRE Lic. 01904661, has presented this brief, selected information pertaining to the Property

and shall not be considered all-inclusive or unchanged since the date of preparation. No warranty as to the accuracy or completeness is expressed or implied. The

information has been received from sources believed to be reliable but is not guaranteed. Prospective purchasers and tenants should independently verify each item of

information and have the same reviewed by its tax advisor and/or legal counsel. The Property is being offered on an “as-is, where-is” and “with all faults” basis unless

otherwise specified. Owner reserves the right to withdraw this offering at any time, without further notice, with or without cause.