T.C. OBICHANGAssociate0: 909.793.2100C: 951.703.0377tc.obi@kw.comCA DRE #01870646

MENTONE, CA

PRESENTED BY:

OFFERING MEMORANDUM

MENTONE RETAIL & SFR

OFFERING MEMORANDUM

KW COMMERCIAL

1473 Ford Street

Redlands, CA 92373

Each Office Independently Owned and Operated kwcommercial.com 2

OFFERING MEMORANDUM

Confidentiality & DisclaimerMENTONE, CA

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation or warranty as to completeness ,veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financial performance of the property, projected financialperformance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials or information provided, derived,or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and othermatters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate third party independentprofessionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KWCommercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercial does not serve as a financial advisor to any partyregarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents that maybe provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with acertified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding the condition of the property and whether the property complies withapplicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed byRedlands in compliance with all applicable fair housing and equal opportunity laws.

KW COMMERCIAL

1473 Ford Street

Redlands, CA 92373

PRESENTED BY:

T.C. OBICHANGAssociate0: 909.793.2100C: 951.703.0377tc.obi@kw.comCA DRE# #01870646

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or otherconditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors shouldconduct your own investigation of the property and transaction.

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PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

ADDITIONAL PHOTOS

ADDITIONAL PHOTOS

1PROPERTY INFORMATIONMENTONE RETAIL & SFR

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 4

OFFERING SUMMARY

SALE PRICE: $579,000

NUMBER OF UNITS: 2

LOT SIZE: 9,490 SF

YEAR BUILT: 1952

BUILDING SIZE: 2,267

RENOVATED: 2020

ZONING: CG-SCP

PRICE / SF: $255.40

TRAFFIC COUNT: 13,762

PROPERTY SUMMARY

COMMERCIAL CORNER ON HIGHWAY 38 WITH STEADY TRAFFIC COUNT.

* PROPERTY INCLUDES RETAIL BUILDING AND SINGLE FAMILY RESIDENCE.

PROPERTY HIGHLIGHTS

• CORNER LOT

• FULLY OCCUPIED

• LOCATED ON HIGHWAY 38

• NEWLY UPDATED

Executive Summary

MENTONE RETAIL & SFR 1 | PROPERTY INFORMATION

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PROPERTY OVERVIEW

COMMERCIAL CORNER ON HIGHWAY 38 WITH STEADY TRAFFIC COUNT.

*SALE CONSISTS OF A RETAIL BUILDING AND A SFR (SINGE FAMIY RESIDENCE) LOCATED ON MENTONEBLVD, BETWEEN OPAL AND TURQUOISE AVE.*RETAIL BUILDING APPROXIMATELY 1,707 SQ FT*SFR ROUGLY 560 SQ FT 2 BEDROOM / 1 BATHROOM.*PROPERTIES HAVE UNDERGONE REHAB AND UPDATES. NEW FENCING. BOTH UNTIS ARE LEASED WITHANNUAL INCREASES FOR THE RETAIL STORE. GREAT OPPORTUNITY TO OWN THIS CORNER IN LINE FORFUTURE DEVELOPMENT.

*RECENTLY OPENED SHOPPING CENTER ANCHORED BY CVS, STATER BROS, AND STARBUCKSLOCATED HALF-MILE AWAY. IN ADDITION, NEWLY CONSTRUCTED DOLLAR GENERAL WITHIN THE TRADEAREA. HIGHWAY 38 ROUTES TO BIG BEAR AND OTHER MOUNTAIN CITIES. BUSINESS ALSO FOR SALE,INQUIRE WITHIN.

*CALL FOR MORE INFORMATION AND A TOUR.

LOCATION OVERVIEWCORNER OF MENTONE BLVD AND TURQUOISE AVE.

Property Description

MENTONE RETAIL & SFR 1 | PROPERTY INFORMATION

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SALE PRICE $579,000

LOCATION INFORMATIONBuilding Name MENTONE RETAIL & SFR

Street Address 1840 MENTONE BLVD

City, State, Zip Mentone, CA 92359

County/Township San Bernardino

Retail Clientele General

BUILDING INFORMATIONBuilding Size 2,267 SF

Occupancy % 100%

Tenancy Multiple

Number Of Floors 1

Year Built 1952

Last Renovated 2020

Gross Leasable Area 2,267 SF

Free Standing Yes

Number Of Buildings 2

PROPERTY DETAILSProperty Type Retail

Property Subtype Street Retail

Zoning CG-SCP

Lot Size 9,490 SF

APN# 0298-101-37-0000

Lot Frontage 58

Traffic Count 13,762

Traffic Count Street MENTONE BLVD

Traffic Count Frontage 58

PARKING & TRANSPORTATIONParking Type Surface

Number Of Spaces 5

Property Details

MENTONE RETAIL & SFR 1 | PROPERTY INFORMATION

Each Office Independently Owned and Operated kwcommercial.com 7

Additional Photos

MENTONE RETAIL & SFR 1 | PROPERTY INFORMATION

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Additional Photos

MENTONE RETAIL & SFR 1 | PROPERTY INFORMATION

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LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

RETAILER MAP

LOCATION MAPS

AERIAL MAP

2LOCATION INFORMATIONMENTONE RETAIL & SFR

OFFERING MEMORANDUM

Each Office Independently Owned and Operated kwcommercial.com 10

MENTONE RETAIL & SFR

Regional Map

MENTONE RETAIL & SFR 2 | LOCATION INFORMATION

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Retailer Map

MENTONE RETAIL & SFR 2 | LOCATION INFORMATION

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Location Maps

MENTONE RETAIL & SFR 2 | LOCATION INFORMATION

Each Office Independently Owned and Operated kwcommercial.com 13

Aerial Map

MENTONE RETAIL & SFR 2 | LOCATION INFORMATION

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FINANCIAL ANALYSIS

3 | FINANCIAL ANALYSIS

RENT ROLL

3FINANCIAL ANALYSISMENTONE RETAIL & SFR

OFFERING MEMORANDUM

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TENANT

MIX

UNIT

SIZE (SF)

MONTHLY

RENT

ANNUAL

RENT

% OF

GLA

PRICE

PER SF/YR

1 RETAIL 1,707 $1,458 $17,497 75.3 $10.25

1 SFR 560 $1,250 $15,000 24.7

TOTALS:

2 2,267 $2,708 $32,496 100% $7.72

NOTES:

TENANTS PAY ELECTRICITY, GAS, TRASH.

Rent Roll

MENTONE RETAIL & SFR 3 | FINANCIAL ANALYSIS

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DEMOGRAPHICS

4 | DEMOGRAPHICS

DEMOGRAPHICS MAP

4DEMOGRAPHICSMENTONE RETAIL & SFR

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POPULATION 1 MILE 3 MILES 5 MILES

Total Population 9,063 49,949 117,277

Median Age 31.6 33.6 35.4

Median Age (Male) 33.2 31.6 33.3

Median Age (Female) 31.3 35.0 36.8

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total Households 3,008 16,397 39,676

# Of Persons Per HH 3.0 3.0 3.0

Average HH Income $74,412 $84,547 $85,380

Average House Value $426,313 $440,778

* Demographic data derived from 2010 US Census

Demographics Map

MENTONE RETAIL & SFR 4 | DEMOGRAPHICS

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ADDITIONAL INFORMATION

5 | ADDITIONAL INFORMATION

SITE PLAN

5ADDITIONAL INFORMATIONMENTONE RETAIL & SFR

OFFERING MEMORANDUM

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Site Layout

MENTONE RETAIL & SFR 5 | ADDITIONAL INFORMATION