G R O U P

BRANDON MICHAELS

5117 Atlantic AvenueLong Beach, CA 90805

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1 2 3 4Executive Summary

InvestmentHighlights

FinancialAnalysis

SalesComparables

16830 Ventura Blvd. Suite 100, Encino, CA 91436www.marcusmillichap.com

INVESTMENT ADVISORS

BRANDON MICHAELSSenior Managing Director InvestmentsSenior Director, National Retail GroupTel: (818) 212-2794bmichaels@marcusmillichap.comLicense: CA #01434685www.BrandonMichaelsGroup.com

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Marcus & Millichap has been selected to exclusively to market for sale Dollar Tree, a 13,000 square foot single tenant NNN lease building located at 5117 Atlantic Avenue in Long Beach, CA. Dollar Tree is currently on a NNN basis through 2025. Dollar Tree is ideally located on Atlantic Avenue, one of the main thoroughfares through Long Beach. The subject property benefits from excellent street frontage on Atlantic Avenue, abundant parking, a dense immediate population, and high daily traffic rates. Dollar Tree Plaza is located in close proximity to major national retailers including Aldi, CVS, Vons, Marshalls, and Jack in the Box.

Dollar Tree recently signed a brand new 10 year lease in January 2015. The lease is backed by a corporate guarantee with Dollar Tree. Dollar Tree has rental increases every five years, and two, five year options to extend the lease. Dollar Tree offers an investor investment grade credit with a Standard & Poors BB+ rating, thus offering an investor a stable and secure income stream. Dollar Tree has over 14,330 locations in US and Canada, and is a publicly traded company trading under DLTR. Dollar Tree recently acquired Family Dollar in 2015, creating the largest dollar store chain nationwide.

Long Beach is the 36th most populous city in the United States and the 7th most populous in California. It is located on the Pacific Coast of the United States, within the Greater Los Angeles area of Southern California. Long Beach is the second largest city in the Los Angeles metropolitan area, and the third largest in Southern California behind Los Angeles and San Diego.

PROPERTY INFORMATION

Property Address 5117 Atlantic Avenue, Long Beach, CA 90805

Price $3,950,000

Price/SF (bldg) $303.85

Current CAP Rate 5.67%

Building SF 13,000 SF

Lot SF 21,470 SF

Year Built 1932

Property Type Single-Tenant NNN

APN 7130-010-017

5117 Atlantic Avenue, Long Beach, CA 90805

EXECUTIVE SUMMARY

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INVESTMENT HIGHLIGHTSDOLLAR TREE CORPORATE GUARANTEED LEASE

• Dollar Tree just signed a brand new 10 year lease that expires in 2025

• Investment grade credit tenant with a Standard & Poor’s credit rating of BB+

• Rental increases every 5 years

• Largest dollar store chain nationwide

• Dollar Tree now has over 14,330 locations in the United States and Canada following its acquisition with Family Dollar

• Dollar Tree is a publicly traded Fortune 200 company

DENSE LONG BEACH LOCATION

• Located on Atlantic Boulevard, one of the main thoroughfares through Long Beach with 21,180 vehicles per day

• 312 feet of frontage along Atlantic Avenue

• Close proximity to major national retailers including O’Reilly Auto Pars, Aldi, CVS, Vons, Marshalls, and Jack in the Box.

• Easy acess to the 710 Freeway and the 405 Freeway

• Close proximity to the Long Beach Airport, which serves 16 nonstop destinations through four carriers

• Strong demographics and dense population – population of 699,584 within a 5 mile radius

5117 Atlantic Avenue

LOCATION5117 Atlantic Avenue, Long Beach, CA 90805

SITEThe subject property is located just north of the northwest corner of Atlantic Avenue and E 51st Street.

SQUARE FOOTAGESThe Subject Property consists of a free-standing building totaling 13,000 SF on 21,470 SF of land.

FRONTAGE AND ACCESSApprximately 154 feet of frontage on Atlantic Avenue

YEAR BUILTThe property was built in 1932.

ZONINGThe property is zoned LBCCA.

TENANTDollar Tree, Inc.

PROPERTY OVERVIEW

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Perry Lindsey Middle School

5117 Atlantic Avenue, Long Beach, CA 90805

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FINANCIAL ANALYSIS

EXPENSES

ANNUAL $/SF

Taxes 1.20% $47,400 $3.65

Insurance $6,657 $20.61

Total $54,057 $4.16

INCOME AND EXPENSE

CURRENT

Scheduled Lease Income: $223,788*

NNN Charges: $54,057

Effective Gross Income: $223,788

Expenses: $54,057

Net Operating Income: $223,788

ANNUALIZED OPERATING DATA

LEASE ABSTRACT

Tenant Trade Name Dollar Tree, Inc.

Lease Guarantor Dollar Tree, Inc.

Building Size 13,000 SF

Lot Size 54,450 SF

Net Operating Income $223,788

Lease Type NNN

Rent Increases As per below

Lease Start Date 1/13/2015

Lease Expiration Date 1/13/2025

Options Two, five year options

TERM SF/MONTH MONTHLY SF/ANNUAL ANNUAL

Years 1 - 5 $1.35 $17,552 $16.00 $210,624Years 6 - 10 $1.43 $18,649 $17.00 $223,788First Renewal Term $1.52 $19,746 $18.00 $236,952Second Renewal Term $1.60 $20,843 $19.00 $250,116

RENT TABLE

SITE PLAN

ATLANTIC AVENUE

13,000 SF

*$223,788 reflects year 6 rent. In the event the close of escrow occurs prior to year 6, the Seller shall credit the Buyer the rent difference.

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TENANT OVERVIEW

Dollar Tree, Inc. is an American chain of discount variety stores that sells items for $1 or less. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 13,600 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of eleven distribution centers. The company operates one-dollar stores under the names of Dollar Tree and Dollar Bills. The company also operates a multi-price-point variety chain under Family Dollar. Dollar Tree now operates across 48 contiguous states and 5 provinces in Canada, employing over 145,000 people.

In January 2015, Family Dollar shareholders voted overwhelmingly to approve the $8.5 billion merger with Dollar Tree. In July 2015, Dollar Tree, Inc. completed the acquisition of Family Dollar Stores Inc., creating the largest dollar store chain nationwide with more than 14,334 locations generating over $20.7 billion annually.

Soon after acquiring Family Dollar Stores, Inc. Dollar Tree Inc. announced it would be investing in a new $104.4 million distribution center to broaden its capabilities. In June 2016, the 1.5 million square foot facility opened in Cowpens, South Carolina’s Upstate Corporate Park. The new facility will employ over 350 people and ship merchandise to 500 Dollar Tree stores.

• Net sales increasing 33.7% to $20.7 billion.

• Processing more than 2.2 billion customer transactions.

• Same-store sales, on a constant-currency basis, increasing 1.8% on top of a 2.1% same-store sales increase in the prior year.

• Delivering our 36th consecutive quarter of positive same-stores sales.

• Operating income improving 62.4% to a record $1.70 billion.

• Earnings increasing to a record $3.78 per diluted share.

• Opening 584 new stores, expanding or relocating 184 stores, re-bannering 96 Family Dollar stores to Dollar Tree stores, and increasing selling square footage by 3.7% to 112.4 million square feet. Ending the year with 14,334 stores.

• Successfully completing the planned conversions of our Deals and Family Dollar stores.

• And, at year-end, employing more than 176,000 associates across North America

DOLLAR TREE, INC.

2016 RESULTS

COMPANY PROFILE

Name Dollar Tree

Type Public

Traded ASNasdaq: DLTRNasdaq-100 ComponentS&P 500 Component

No. of Locations 14,334 locations across US and Canada

Net Sales 20.7 Billion

No. of Employees 176,000

Website www.dollartree.com

Credit Rating BB+

Credit Rating Agency Standard & Poor’s

FORTUNE

2002015 - Dollar Tree completed acquisiton of Family Dollar and joined Fortune 200 (ranked #180)

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SALES COMPARABLES

Address 8908-8936 Glenoaks Boulevard, Sun Valley

Sales Price $12,125,000

Price/SF $387.73

Bldg SF 31,272

Lot SF 100,262

CAP Rate 4.60%

Close of Escrow 10/25/2016

Major Tenant Grocery Outlet, Dollar Tree

Address 811 N. La Brea Avenue, Inglewood

Sales Price $4,125,000

Price/SF $337.53

Bldg SF 12,221

Lot SF 36,691

CAP Rate -

Close of Escrow For sale

Major Tenant Dollar Tree

Address 3138-3148 W. Pico Boulevard, Los Angeles

Sales Price $6,712,000

Price/SF $442.28

Bldg SF 15,176

Lot SF 26,293

CAP Rate 5.36%

Close of Escrow 5/31/2016

Major Tenant Dollar Tree

1 2 3

Address 6104-6108 Sepulveda Boulevard, Van Nuys

Sales Price $4,300,000

Price/SF $490.20

Bldg SF 23,897

Lot SF 84,864

CAP Rate 5.23%

Close of Escrow 2/6/2017

Major Tenant Staples, Dollar Tree

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SALES COMPARABLES

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1

3

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$337.53

$387.73

$442.28

$490.20

$440.07

$-

$100.00

$200.00

$300.00

$400.00

$500.00

$600.00

811 N. La BreaAvenue, Inglewood

8908-8936 GlenoaksBoulevard, Sun Valley

3138-3148 W. PicoBoulevard, Los

Angeles

6104-6108 SepulvedaBoulevard, Van Nuys

Average

SALES COMPARABLES PRICE/SF

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LONG BEACH

Long Beach is the 36th most populous city in the United States and the 7th most populous in California. It is located on the Pacific Coast of the Unit-ed States, within the Greater Los Angeles area of Southern California. Long Beach is the second largest city in the Los Angeles metropolitan area, and the third largest in Southern California behind Los Angeles and San Diego.

The Port of Long Beach is the second busiest container port in the United States and is among the world’s largest shipping ports. The city also main-tains a progressively declining oil industry with minor wells located both di-rectly beneath the city as well as offshore. Manufacturing sectors include those in aircraft, automotive parts, electronic equipment, audiovisual equip-ment, petrochemicals, precision metals and home furnishings.

Long Beach lies in the southeastern corner of Los Angeles County and bor-ders Orange County. Downtown Long Beach is approximately 22 miles south of Downtown Los Angeles, though the two cities share an official border for several miles.

TOP LONG BEACH EMPLOYERS

1 Long Beach Unified School District 12,1432 Long Beach Memorial Medical Center 5,1463 City of Long Beach 5,0744 Boeing 4,2035 California State University, Long Beach 2,8816 VA Long Beach Healthcare System 2,4807 Long Beach City College 2,456

8 California State University, Long Beach Foundation 1,420

8 St. Mary Medical Center 1,4209 Molina Healthcare 861

• Long Beach is a major economic center. The Port supports more than 30,000 jobs in Long Beach, 316,000 jobs in Southern California.

• Long Beach is home to California State University, Long Beach, which is the third largest campus of the California State University System

• Long Beach coasts world class attractions like the Long Beach Aqurium of the Pacific, Queen Mary, Grand Prix, and Shoreline Village

• Ranked as one of the Most Bicycle-Friendly Cities in America

• The Long Beach Airport provides commercial service to 12 nonstop destinations

AREA OVERVIEWDEMOGRAPHICS

TOP ATTRACTIONS

Aquarium of the Pacific Downtown Long Beach Queen Mary The Pike

1 MILE 3 MILES 5 MILES

2014 Population 47,949 214,807 699,584

2014 Households 14,642 65,967 204,370

2014 Average Household Size 3.25 3.21 3.35

2014 Daytime Population 4,190 82,751 212,817

2014 Owner Occupied Housing Units 41.35% 52.88% 49.12%

2014 Renter Occupied Housing Units 58.65% 47.12% 50.88%

2014 Vacant 2.33% 2.31% 2.40%

2014 Median Household Income $41,564 $51,521 $48,306

2014 Per Capita Income $17,349 $22,062 $19,721

2014 Average Household Income $56,487 $71,372 $66,885

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