3110 R Street

HARD SIGNALIZED CORNER LOCATION – The property sits on a hard signalized corner at the center point of Merced

STRONG POPULATION GROWTH – The annual population growth is projected at approximately 1.5% annually

DENSELY POPULATED – Over 100,000 residents in a 5-mile radius

HEAVY TRAFFIC COUNTS – Over 40,000 VPD pass the intersection of Olive Ave and R St

TARGET AND MALL OUTPARCEL – Property benefits from being out-parceled to an active shopping area

STRONG TENANT LINEUP – Over 91% of the income is guaranteed by corporate Chipotle or Panera

NNN – Leases property benefits from attractive NNN leases from all tenants

STRONG HISTORICAL PERFORMANCE – Tenants have excelled and have a history of exercising options and above-average reported sales

CHIPOTLE EXTENSION – Recently extended the lease out for an additional 10 years

YOGOLOCIOUS EXTENSION – Recently exercised an option for an additional 5 years

DRIVE THRU – Panera Bread benefits from a Drive Thru

MERCED METROPOLITAN STATISTICAL AREA – Merced is the county seat in the Merced MSA, with a population of nearly 300,000

MERCED – Located in the heart of California’s agricultural Central Valley, Merced is the region’s hub for education, culture, and business

HIGH TRAFFIC COUNTS – R Street gets over 23,591 Vehicles Per Day and Olive Avenue sees over 37,259 VPD