GOLDEN CORRAL 5001 Ming Ave Bakersfield, CA 93309

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1 New Pavilion Prototype GOLDEN CORRAL 5001 Ming Ave Bakersfield, CA Price: $4,417,500 l NOI: $331,312 CAP: 7.5% Phone: Fax: exp@exp1031.com Corporate Golden Corral Sale Leaseback New 15 Year Triple Net (NNN) Lease with Five Percent Escalations Every Five Years New Construction and New Larger Pavilion Concept with Higher End Endless Buffet 287,999 Population within Five Miles Excellent 1031 Exchange Property Traffic Count: 30,990 VPD Near The Sports Authority and Valley Plaza Mall

2 Whisper GOLDEN Valley CORRAL Ranch Property Investment Line Overview Map PROPERTY OVERVIEW: EXP Realty Advisors exclusively offers for sale this new Golden Corral located in Bakersfield, CA at 5001 Ming Ave. The subject property is a 14,155 sq. ft., single-tenant restaurant on 2.13 acres of land. The Pavilion concept is the new prototype Golden Corral is rolling out as a part of its growth and expansion plan. Pavilion Golden Corrals have a higher end buffet in a 20% larger building. Golden Corral Corporation (the parent company and franchisor of the concept) will provide a 15 year guarantee on an absolute triple net lease. Golden Corral is the leading buffet restaurant chain in the country with over 480 restaurants in 41 states. System wide annual sales exceed $1.5 billion with average unit volume of approximately $6,000,000 in the Pavilion concept (this may not be representative of this location). LOCATION OVERVIEW: The property is located on a high traffic retail corridor with in excess of 30,000 vehicles per day. Area retailers include Valley Plaza Mall (Macys, Sears, JC Penney, Harris/Gottschalks, Robinsons May), Target, Marshalls, Michaels, Home Depot, Olive Garden, Ross, Sports Authority, and Office Max. Bakersfield is a city near the southern end of the San Joaquin Valley in Kern County, California. It is roughly equidistant between Fresno and Los Angeles, 110 mi to the north and south respectively. The city's population was 323,358 at the 2010 census, making it the 9th largest city in California and the 51st largest city in the United States. The Bakersfield Metropolitan Statistical Area (MSA) has a population of 817,073 making it the 63rd largest metropolitan area in the country. It is California's third largest inland city, after Fresno and Sacramento. The city's economy relies on agriculture, petroleum extraction and refining, and manufacturing. Bakersfield has a growing manufacturing and distribution sector. Several companies have moved to Bakersfield because of its access to international ports in both Los Angeles and Oakland. Other companies have opened regional offices and non-oil/agricultural businesses because of Bakersfield s and Kern County s business friendly policies, such as the lowest sales tax in California and no local utility or inventory taxes. Products manufactured in the city include: ice cream (world s largest ice cream plant), central vacuums, highway paint, and stock racing cars. INVESTMENT SUMMARY Price: $4,417,500 CAP Rate: 7.5% NNN Rent: $331, Bld. Sq Ft: 14,155 sf Land Size: 2.13 ac Lease Type: Triple Net Lease LEASE SUMMARY: Triple Net Rent: $331, Escalations: 5% every five years in base term and options Expiration Date: 15 years from close of escrow Options: Five (5) year options Lease Type: Absolute Triple Net TENANT OVERVIEW: Golden Corral Corp. Golden Corral is an American family-style restaurant chain that features a large buffet and grill offering numerous hot and cold items, a carving station and their Brass Bell Bakery. Golden Corral's legendary, endless buffet features an abundant variety of delicious familiar favorites and continuous new menu offerings for breakfast, lunch and dinner. Golden Corral s vision is to be the leader in the family restaurant segment by making pleasurable dining affordable for every guest, at all 480 locations. It is a privately held company headquartered in Raleigh, North Carolina. System wide sales exceed $1.5 billion. INVESTMENT OVERVIEW

3 California ,000 VPD Whisper GOLDEN Valley CORRAL Ranch Area Property Labeled History Aerial Line Map West High School Curran JR High School OJ Actis JR High School Stine Elementary School Valley Plaza Mall LABELED AERIAL

4 Whisper GOLDEN Valley CORRAL Ranch Area Property Labeled History Aerial Line Map Ming Ave 30,990 VPD LABELED AERIAL

5 Whisper GOLDEN Valley CORRAL Ranch Area Property Floor History PlanLine Map FLOOR PLAN

6 Whisper GOLDEN Valley CORRAL Ranch Property Location Line Map Map LOCATION MAP

7 Whisper GOLDEN Valley CORRAL Ranch Property Location Line Map Map Radius 3 Mile 5 Mile 10 Mile Population: 145, , , Avg Household Income $54,787 $56,924 $59, Med Household Income $43,552 $44,823 $46,801 LOCATION MAP

8 Whisper GOLDEN Valley CORRAL Ranch Property Line Map Contact Us EXP Realty Advisors 118 East 28 th Street Suite #808 New York, NY Phone: (212) Fax: (212) Our Team Robert P. James President Phone: (212) Daniel de Sa Director of Sales Phone: (212)