2264 Fair Oaks Blvd, Suite 201 | Sacramento, CA 95825CA BRE #01904661

Patrick Follett916. 274. 4433pf@corecre.comCA BRE #01796180

Exclusively Listed by:

Offering Memorandum • Established location adjacent to Foods Co anchored shopping center

• Recent early lease renewal (approx. 10 yrs 3 months remaining)

• Corporate Guarantee from O’Reilly (Rated BBB+ by S&P)

• Absolute NNN

O’REILLY AUTO PARTS

Sacramento, California$3,293,080 | 5.0% CAP

O’REILLY AUTO PARTS SACRAMENTO CA

List Price $3,293,080

Cap Rate 5.0%

Net Operating Income $164,654

Price Per Sq Ft $411 PSF

Primary Lease Expiration May 31, 2028 - Approximately 10 Years and 3 Months of Term Remaining

Primary Term Increases 8% increase on June 1, 2023

Option Periods 3, 5-Year Options

Option Increases 8% increases in each 3, 5-year options

Property Address 8158 Gerber Road Sacramento, CA 95828

Building Size 8,000 SF (per public records)

Parking 45 Dedicated Spaces

Parcel Size 0.94 Acres (40,946 Sq Ft)

APN 115-0430-062-0000 (Sacramento County)

Year Built 1998 (per public records)

Zoning SC

Ownership Fee Simple Ownership of Land and Improvements

Traffic Counts Gerber Road 21,500 VPD Power Inn Rd 26,756 VPD

Zoning SC

Ownership Fee Simple Ownership of Land and Improvements

○ Established outparcel location adjacent to Foods Co anchored shopping center ○ Recent early lease renewal (approx 10 years & 3 months remaining) demonstrates commitment to this location ○ Corporate guarantee from O’Reilly (Rated BBB+ by S&P) ○ Absolute NNN property with O’Reilly paying Taxes, Insurance and CAM directly.

○ Tenant also responsible for Roof, Structure & Parking Lot. ○ Nearby tenants include Foods Co, Save-Mart, Rite-Aid, Starbucks, McDonalds, Taco Bell, and ARCO AM/PM. ○ Excellent visibility along Gerber Rd with direct exposure to 21,500 VPD. Combined traffic at intersection is in excess of 48,000 VPD.

Offering Summary

Investment Highlights

O’REILLY AUTO PARTS SACRAMENTO CA

CORE Commercial is pleased to offer For Sale this single tenant net leased O’Reilly Auto Parts located in Sacramento, CA. This offering provides an investor the opportunity to acquire an established and absolute NNN property with approximately 10 years and 3 months of firm lease term remaining. The corporate-guaranteed lease calls for an 8% rental increase in June 2023 with additional 8% increases in each of the 3, 5-year option periods. The property is being offered for sale at $3,293,080 which equates to a 5% CAP Rate. The absolute NNN lease structure is unique as the majority of O’Reilly Auto Parts available for purchase in today’s market are structured as NN type leases.

The subject property was originally developed as a reverse build-to-suit for Kragen Auto Parts. O’Reilly bought CSK/Kragen in 2008 as part of an acquisition that included 1,342 stores in 12 states. This store has a proven track record with 20 years of operating history, and O’Reilly recently demonstrated their commitment to this location by way of an early lease renewal.

O’Reilly is located immediately adjacent to a Foods Co anchored shopping center. Additional tenants at the center include Taco Bell, McDonald’s and ARCO/AMPM. Additionally both Save Mart and Rite Aid are located directly across the street from the subject property. O’Reilly is situated at the southeast quadrant of the signalized intersection of Gerber Road and Power Inn Road which has combined average daily traffic count of 48,000 vehicles per day. O’Reilly has excellent exposure along Gerber Road and has multiple points of access. In addition to the retail presence surrounding the subject property, there is also a densely populated and established residential community with a population of 21,291 within a one mile radius. The population within a three mile radius totals 166,777.

Overview

O’REILLY AUTO PARTS SACRAMENTO CA

Tenant O’Reilly Auto Parts

Right of First Refusal No

Property Taxes Tenant pays directly

Insurance Tenant pays directly

CAM Tenant pays directly

Repairs & Maintenance Tenant is responsible for Roof, Structure and Parking Lot

Original Lease Dated November 26, 1997

Lease Information

Corporate ProfileO’Reilly Automotive, Inc (Nasdaq: ORLY) is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both professional service providers and do-it-yourself customers. Founded in 1957 by the O’Reilly family, the Company operated 5,000 stores in 47 states as of October 20, 2017. O’Reilly’s initial public stock offering in April 1993 was well received by investors as a welcome addition to publicly traded companies in the automotive aftermarket industry. This success has continued to date. Net income for the third quarter ended September 30, 2017 increased $5 million or 12.1% of sales when compared to the same period a year ago. www.corporate.oreillyauto.com.

2016Revenue

$8.59 billion

Credit Rating (S&P’s)“BBB+”

2017 StoreOpenings

171

Locations5,000

O’REILLY AUTO PARTS SACRAMENTO CA

Nearby Retail Tenants (NAP)

O’REILLY AUTO PARTS SACRAMENTO CA

Retail Aerial

Demographics 1 mile 2 miles 3 milesPopulation 21,866 77,346 159,997Households 8,556 30,868 62,035Median Household Income $57,323 $60,407 $63,787Total Businesses 488 2,591 4,816Total Employees 5,415 23,316 38,475

GERBER ROAD - 21,500 VPD PO

WER

INN

RO

AD

- 26

,576

VPD

SUBJECT

Retail Aerial

O’REILLY AUTO PARTS SACRAMENTO CA

2264 Fair Oaks Blvd, Suite 201Sacramento, California 95825

WWW.CORECRE.COM

Exclusively listed by:

COPYRIGHT © 2018. 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.

Sacramento, California

Patrick Follett916.274.4433pf@corecre.comCA BRE #01796180