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Cinemark 3300 N Naglee Rd 48,619 SF Retail Building Tracy, CA 95376 $13,261,240 CAD ($272.76 CAD/SF) 8.06% Cap Rate

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INVESTMENT HIGHLIGHTS

Recent 5-Year Lease Extension | Percentage Rent | Strong Sales Figures
West Valley Mall (110+ Acres) | Only Movie Theater in Tracy | Primary Retail Corridor

NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Cinemark investment property located in Tracy, California. The tenant, Cinemark, Inc has over 5 years remaining of lease term with a one (5-year) option to extend. The lease features a $1/SF/Yr rental increase at the beginning of the 5 year option, steadily growing NOI and providing a hedge against inflation. The lease is NN, with the Landlord responsible for the roof, structure, and liability insurance. Cinemark has enjoyed nearly 30 years of operating history at this location, having originally signed the lease in 1996 and recently exercised a five-year extension, showing their commitment to the site. This Cinemark location reported $7.6 million in gross sales in 2024 and is on track to reach approximately $9.4 million in 2025. Cinemark pays percentage rent equal to 10% of all sales above 8.5 million, providing an opportunity for additional income. Cinemark is a junior anchor to the 760,000 SF West Valley Mall and is not yet parcelized. A buyer will be responsible for subdividing the property during escrow.