42100 Jackson Street Indio, CA 92203

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1 42100 Jackson Street Indio, CA 92203

2 Investment Summary The Savills Studley Retail Investment Group is pleased to present the opportunity to acquire Indio Towne Center, the dominant regional shopping center servicing the densely populated communities of Indio and Coachella. Indio Towne Center is a ± 560,000 square foot Regional Shopping Center located at the Northeast Corner of Jackson Street and I-10 Freeway in the City of Indio. The offering includes approximately 182,503 square feet of GLA with Home Depot, Winco owning their parcels. The initial phase of this center was completed and opened in The project offers a thoughtfully conceived and synergistic collection of major tenants that includes Home Depot (106,432) NAP, WinCo (94,642) NAP, Toys R Us (46,827), 24 Hour Fitness (36,612), Party City (20,390), Petco (15,527), and CVS (12,900). In addition to the current roster of tenants, the project includes a number of undeveloped anchor building pads, and five (5) undeveloped shop or single tenant pads which can accommodate up to an additional 141,000 square feet of building area. The anchor pads will support the development of an additional 109,880 square feet of larger box space, while the shop pads support an additional 31,819 square feet of multi-tenant and single tenant users. [The Ownership has been engaged in discussions with a 40,000 square foot anchor user for a build to suit on one of the undeveloped parcels.] Indio Towne Center is the largest regional shopping center serving the east end of the Coachella Valley. Winco operates their only large format grocery store in this region at the center which creates a significant daily needs customer draw attracting residents from up to a fifteen mile radius of the project. Home Depot, CVS, Petco, Party City, Toys R Us, and 24 Hour Fitness also serve as catalysts to attracting regular customer traffic. The Project offers outstanding identity and regional accessibility to the I-10 Freeway. Visibility is enhanced through a large freeway pylon sign as well as multiple monument signs along Jackson Street and Avenue 42. The center features outstanding ingress and egress with on/off ramps from I-10 at Jackson Street as well as dedicated signalized access from Jackson Street. In addition, the project offers a very attractive aesthetic and functional design. Offering Price Unpriced NOI $3,221,333 Year 1 Occupancy 95.25% Offered GLA ± 182,503 SF Offered Land Area Acres Total Square Feet: ± 560,000 SF Parking: 3,355 spaces (Ratio: 5.62/1,000) Address Jackson Street Indio, CA Demographics 1 Mile 3 Miles 5 Miles 2021 Population Projection 13,770 70, , Population Estimate 12,696 65, ,119 Average Household Income $88,737 $67,648 $76,384 The surrounding trade area is characterized by strong residential densities and above average household incomes. Indio is the most populated sub-market in the Coachella Valley with a residential base of 135,119 people within five (5) miles of the center. The average household incomes in the trade area exceed $88,737 per year. Indio continues to be one of the fastest growing residential areas in the Coachella Valley with the population base growing 55% between 2000 and Indio Towne Center presents investors with the opportunity to acquire a dominant regional shopping center strategically located in a densely populated sub-market in the rapidly expanding Coachella Valley. In addition to offering investors the stability associated with the current strong anchor and pad tenant line up, this project offers tremendous upside potential associated with the future build out of the undeveloped anchor and shop pads. The inclusion of the grocery/drug component with WinCo and CVS also enhances the attractiveness and stability of this asset providing a significant draw to the coveted daily needs customer.

3 Investment Highlights Complimentary Tenant Mix Outstanding tenant mix includes grocery, drug, home improvement, fitness, toys, party supplies, financial, QSR, and pet supply WinCo and CVS provide a consistent daily needs component to the shopping center Best in class QSR pad tenants including McDonalds, Panda Express, KFC, Taco Bell, IHOP, Jack In the Box, and Starbucks Only WinCo location within the entire Coachella Valley Stable Income Stream, Credit Tenancy Over ± 88% of the occupied GLA is leased to national/regional credit tenants Over 83% of the rental income is derived from national/regional credit tenants Current in-place occupancy of 95.25% exceeds the market average within the Coachella Valley Tremendous leasing momentum in terms of new and leases and renewals Value Add with Flexible Exit Strategy There are currently seven un-built pads being sold as part of the offering to accomodate future development as tenant demand grows There is an LOI from a national credit tenant for a build-to-suit that can be immediately executed, enhancing a buyer s overall return Strategically parcelized shopping center provding investors maximun flexibility to sell off individual pads anytime during ownership Entitled for ± 140,000 additional square feet of inline and pad GLA Good Trade Area Dynamics Indio continues to experience stable residential growth and is one of the fastest growing cities in the Coachella Valley with over 55% growth from 2000 to 2010 and another +/-20% growth from 2010 to 2016 Stable year-round population base estimated to be +/-90,000 residents, growing to an estimated 120,000 residents in the winter months Over 65% of the housing is owner occupied Indio is best known for being The City of Festivals with a very strong tourism base derived from such events as Coachella & Stagecoach. These two festivals alone are estimated to have an approximate financial impact of $403,000,000 in the Coachella Valley, of which $106,000,000 benefit Indio businesses directly Exceptional Freeway Identity and Access Indio Towne Center has 1,670 of frontage along the 10 Freeway carrying over 150,000 CPD Prominent pylon sign along the 10 Freeway provides tremendous visibility and tenant recognition Convenient east/west freeway on and off ramps that feed directly into the shopping center Convenient ingress & egress with over six (6) access points within the shopping center and one dedicated traffic signal at the primary entrance of Jackson Street and Showcase Parkway Tesla Supercharger Site Indio Towne Center is one (1) of four (4) SuperCharger sites along the 10 Freeway from Downtown Los Angeles to Phoenix Arizona. This amenity further enhances the daily trips to the shopping center and overall tenant sales

4 R Aerial Palm Desert La Quinta Indian Wells Avenue 42 Jackson St. Indio Towne Center Avenue 43

5 Site Plan Current Retailers 0100 Home Depot NAP 0125 Toys R Us/Babies R Us 46,827 SF 0130 WinCo Foods NAP 0135 PetCo 15,257 SF 0140 Party City 20,390 SF Hour Fitness 36,612 SF 0400 Taco Bell NAP 0500 KFC NAP 0700 Panda Express NAP 0800 McDonald s NAP 0900 Jack In the Box NAP 1000 Lease In Negotiations ±3,000 SF 1200 US Bank 3,633 SF 1300 Starbucks 1,739 SF 1310 Bright Now! Dental 3,460 SF 1330 Available 2,373 SF 1400 Divino Trattoria (new) 3,700 SF 1410 Poke (new) 1,301 SF 1415 Your Pie 2,600 SF 1420 Nutrishop 1,687 SF 1425 La Casita Mexican Restaurant 3,584 SF 1505 Subway 1,354 SF 1510 Pro Nails 1,659 SF 1515 Postal Annex 1,210 SF 1520 Yogurtland 1,300 SF 1525 Waba Grill 2,000 SF 1700 Fletcher Tire 6,360 SF 1800 CJ s Stir It Up Mongolian Grill 5,850 SF 1815 Shear Image Beauty 1,300 SF 1820 Available 1,300 SF 1825 Available 1,300 SF 1830 Available 1,300 SF 1835 Herbalife 1,300 SF 1900 IHOP NAP 2000 CVS 12,900 SF 2100 Farmers Insurance 1,200 SF 2105 New Evolution Wireless 1,200 SF 2110 Available 1,200 SF 2115 Available 1,200 SF 2120 Animal Samaritans 2,400 SF ATM Wells Fargo ATM 1 SF

6 R Future Development Site Plan Major 2 Major 10 49,407 SF 30,473 SF Major 8 106,432 SF 46,827 SF 94,642 SF 20,390 SF 30,000 SF 15,364 SF 94,642 SF Rest. 3 4,000 SF 2,815 SF 2,755 SF Bank 1 5,267 SF 6,360 SF Shops 9 7,376 SF Shops 8 7,376 SF Shops 1 7,376 SF 12,900 SF Shops 3 12,526 SF 6,630 SF Shops 5 13,108 SF Shops 6 7,764 SF Shops 4 7,804 SF Shops 7 10,356 SF 3,633 SF 4,920 SF Rest. 2 7,800 SF 2,448 SF Existing Future Pad/Shop developable pads Future Anchor Negotiating Ground Lease

7 William Bauman EVP & Head of Global Retail Services Group License # Kyle R. Miller Senior Managing Director krmiller@savills-studley.com License # S. Figueroa Street 30th Floor Los Angeles, CA savills-studleyretail.com