STARBUCKS & PACIFIC DENTALLAKE CHARLES, LA

TWO-TENANT STRIP CENTER PAD$88K+ INCOMES IN 1-MILE RADIUSLAKE CHARLES HAS THE FASTEST GROWING GDP IN THE U.S. 2

STARBUCKS & PACIFIC DENTAL

6.40%CAP

$2,819,328PRICE

NELSON RD & COUNTRY CLUB RD, LAKE CHARLES, LA

Brand new Starbucks and Pacific Dental

Pad to a thriving Kroger anchored center

Benefiting from combined traffic of 62,000+ VPD

Lake Charles has the fastest growing GDP in the U.S.

Outstanding Demographics

Average household incomes in a 1-mile radius are nearly $90K

Amazon proof tenantsThis information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

LEASABLE SF4,913 SF

LAND AREA1.86 Acres

YEAR BUILT2017

OCCUPANCY100%

PARKING55 SPACES

3

Overview

THE SUBJECT PROPERTY is located within the dominant retail trade area in Lake Charles, LA, and is an outparcel within a booming Kroger anchored shopping center. Kroger relocated to its current location in the center doubling the store size due to overwhelming success within the Lake Charles market. The offering provides an opportunity to acquire a stabilized two-tenant property in one of the fastest growing economies in the U.S. As a result of the thriving economy, population and incomes have also grown: within a 1-mile radius average incomes are nearly $90,000. The existing tenants are positioned for lasting success due to the desirable long-term fundamentals and positive economic forecast for the region.

THE RETAIL MARKET – In September 2017 the department of commerce released a report naming Lake Charles, LA, as having the fastest growing GDP in the U.S. with 8.1% growth. According to the Commerce Department’s Bureau of Economic Analysis, retail sales per capita in Lake Charles are 84% higher than the national average. The property serves as a two tenant pad to a Kroger anchored shopping center. Other tenants within the shopping center include Sport Clips, Super Cuts, Anytime Fitness, CVS, and more. The subject property has excellent visibility and access along Nelson Road, with a combined traffic count of over 62,000 VPD.

Contact the team

STARBUCKS IS THE WORLD’S #1 SPECIALTY COFFEE RETAILER

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

RICK SANNERrsanner@capitalpacific.comSan Francisco, CA PH: 415.274.2709CA BRE# 01792433

IN CONJUNCTION WITH LA LICENSED BROKER: Beau J. BoxBaton Rouge, LA225.237.3343bbox@beaubox.com

4

Investment Highlights

210210210

NELSO

N RO

AD

RYA

N S

TREE

TCOUNTRY CLUB ROAD384

385

385

CONTRABAND BAYOU

GOLF CLUB

FK WHITE MIDDLE SCHOOL

LAGRANGE HIGH

SCHOOL

AM BARBE HIGH

SCHOOL

ELWOOD HAYES

ELEMENTARY

SJ WELSH MIDDLE SCHOOL

LAKE AREA MEDICAL CENTER

PRIEN LAKE ELEMENTARY

DOLBY ELEMENTARY

MCNEESE STATE

UNIVERSITY

OUR LADY QUEEN OF HEAVEN SCHOOL

MOSS MEMORIAL HOSPITAL

BRENTWOOD ELEMENTARY

HENRY HEIGHTS

ELEMENTARY

COLLEGE OAKS

ELEMENTARY

THE COUNTRY CLUB AT

THE GOLDEN NUGGET

H&R BLOCK

LAKECHARLES

38,000VPD

29,625 VPD

16,207VPD

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.5

RYA

N S

TREE

T

5

Aerial

KrogerCVSCapital One BankMcDonald’sAutoZoneSprint

Lakeside BankO’Reilly Auto PartsSonicDollar GeneralExxonValero

WalgreensAlbertsonsPizza HutJimmy John’sTaco BellLake Area Medical Center

BUSINESS SUMMARY

KEY 1-MILE 3-MILES 5-MILES

TOTAL 1-MILE 3-MILES 5-MILES

Businesses 306 1,790 3,588

Employees 3,891 23,288 50,520

Residential Population 8,977 44,368 77,592

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

Submarket Overview

RETAILERS IN CLOSE PROXIMITY INCLUDE:

6

7

Surrounding Retailers

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

PRICE $2,819,328 Price Per Square Foot: $573.85Capitalization Rate: 6.40%Total Rentable Area (SF): 4,913Lot Size (AC): 1.86

STABILIZED INCOME PER SQUARE FOOTScheduled Rent $36.73 $180,437 Tax Recoveries $2.50 $12,282 Insurance Recoveries $0.70 $3,439 CAM Recoveries $1.50 $7,390

EFFECTIVE GROSS INCOME $203,548

ADJUSTED GROSS INCOME $203,548

LESS PER SQUARE FOOTTaxes ($2.50) ($12,282.00)Insurance ($0.70) ($3,439.00)Common Area Expenses ($1.50) ($7,390.00)

TOTAL EXPENSES ($4.70) ($23,111)

EQUALS NET OPERATING INCOME $180,437

Landlord Responsible for Roof and Structure

8

Income & Expense

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

TENANT INFO LEASE TERMS RENT SUMMARYTENANT NAME SQ. FT. CURRENT

RENTMONTHLY

RENTYEARLY

RENTMONTHLY RENT/FT

YEAR RENT/FT

Starbucks1 1,900 1 5 $77,995 $6,500 $77,995 $3.42 $41.05

6 10 $7,150 $85,804 $3.76 $45.16

Option 1 11 15 $7,866 $94,392 $4.14 $49.68

Option 2 16 20 $8,658 $103,892 $4.56 $54.68

Option 3 21 25 $9,529 $114,342 $5.02 $60.18

Pacific Dental2 3,013 1 5 $102,442 $8,537 $102,442 $2.83 $34.00

6 10 $9,391 $112,686 $3.12 $37.40

Option 1 11 15 $10,330 $123,955 $3.43 $41.14

Option 2 16 20 $11,362 $136,338 $3.77 $45.25

TOTALS: 4,913 $180,437 $15,036 $180,437 $3.06 $36.73

1Starbucks must exercise termination option within 120 days after 5th lease year. Lease terminates 180 days after notice/option is exercised.2Pacific Dental has the one time right to terminate the lease any date on or within one 120 days after the expiration of the 5th lease year.

9

Rent Roll

55SPACES

4,913RENTABLE SF

1.86ACRES

NEL

SON

RO

AD

W MCNEESE STREET

COUNTRY CLUB ROAD384

24,000VPD

38,000 VPD

10This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

NELSON ROAD10

Site Plan

NEL

SON

RO

AD

COUNTRY CLUB ROAD384

2,000 SF 5,625 SF 4,000 SF

FAST

FO

OD 38,000

VPD

Shopping Center

11This site plan is a rendering that has been created based on sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

GAS

11

The world’s #1 specialty coffee retailer, Starbucks has more than 25,000 coffee shops in 70 countries, and over 254,000 employees. The outlets offer coffee drinks and food items, as well as roasted beans, coffee accessories, and teas. In 2017 the chain had a net revenue of $22.4 Billion, and an operating income of $4.4 Billion. Starbucks has a credit rating of A- from Standard & Poor, and is traded on the NASDAQ under SBUX.

STARBUCKS

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

LOCATIONS IN THE UNITED STATES13,930+

LOCATIONS IN 19 STATES600+

Pacific Dental Services provides administrative support to dental practices, allowing dentists to focus on dentistry. Since its inception in 1994, Pacific Dental Services has grown from one, to now more than 390 practices in ten states. Pacific Dental Services has been ranked on the prestigious Inc. 500/5000 list as one of the fastest-growing private companies in America, and has won the Inc. Hire Power Award for “Top 100 Job Creators” for two years running. Pacific Dental Services supports approximately 700 dentists and has over 5,000 employees.

PACIFIC DENTAL

12

Tenant Mix

POPULATION

1-MILE 3-MILES 5-MILES

2010 7,826 40,989 72,995

2017 8,977 44,368 77,592

2022 9,587 46,738 80,911

2017 HH INCOME

1-MILE 3-MILES 5-MILES

Average $88,684 $81,384 $70,145

Median $55,881 $55,322 $45,729

TOP EMPLOYERS

EMPLOYER # OF EMPLOYEES

Calcasieu Parish School System 4,866

Lake Charles Memorial Hospital 2,148

Westlake Group 1,693

Golden Nugget 1,413

L’Auberge – Lake Charles 1,300

LAKE CHARLES LAFAYETTE

(1 HR 20 MIN 80 MILES)

THE AVERAGE HOUSEHOLD INCOME WITHIN A 1-MILE RADIUS

IS OVER $88K

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

13

Demographics

LAKE CHARLES, LOUISIANA

LAKE CHARLES is located on Lake Charles, Prien Lake, and the Calcasieu River in the southwest region of Louisiana. The City of Lake Charles is conveniently located off Interstate-10 between Houston, TX and New Orleans, LA. Lake Charles is connected to the Gulf by means of a deep-water ship channel and is the seat and port of entry of Calcasieu Parish. As the fifth largest incorporated city in Louisiana, Lake Charles serves as a major industrial, cultural, and educational center. The city hosts over 75 festivals and carnivals, giving the city its nickname “The Festival Capital of Louisiana”. The region is a hub of tourism and is known for having booming manufacturing, commerce, retail, and casino industries.

THE LAKE CHARLES ECONOMY grew at the fastest rate of any metro area in the nation in 2016, according to a recent study by the Commerce Department’s Bureau of

Economic Analysis. The area’s GDP increased by 8.1%, beating out 382 cities, 267 of which also saw increases.

ECONOMIC GROWTH

76,846

LAKE CHARLES POPULATION (ESTIMATED)

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

14

Location Overview

We’d love to hear from you.

CAPITAL PACIFIC COLLABORATES. CLICK HERE TO MEET OUR SAN FRANCISCO TEAM:

This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

JOE CACCAMOJOHN ANDREINI

ZANDY SMITH

DAVE LUCAS

RICK SANNER AARON SUSMAN

CHRIS KOSTANECKIZEB RIPPLE CHRIS PETERS

JACK NAVARRA

RICK SANNERrsanner@capitalpacific.comSan Francisco, CAPH: 415.274.2709CA BRE# 01792433

IN CONJUNCTION WITH LA LICENSED BROKER: Beau J. BoxBaton Rouge, LA225.237.3343bbox@beaubox.com

Copyright © 2018 Capital Pacific Partners

SFO. PDX. SEA. CAPITALPACIFIC.COM