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Mattress Firm Pad 78982 Highway 111 10,500 SF 100% Leased Retail Building La Quinta, CA 92253 $7,988,882 CAD ($760.85 CAD/SF) 5.75% Cap Rate

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Investment Highlights

Scheduled Rental Increases | Strong Tenant Lineup | Net Leases |
Two Signalized, Hard Corner Intersections | Centralized Location |La Quinta Tennis Gardens (493,000 Visitors) | BNP Paribas Open
40-Mile CV Link Pathway | Estimated $1.47B in Economic Impact

Outparcel to One Eleven La Quinta Center | 6M+ Visitors Annually |Dense Retail Corridor | Kohls Anchor - Top 97th Percentile (Placer)
Strong Demographics in 5-Mile Trade Area | Affluent Incomes

Executive Summary

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 3-tenant, freestanding pad located in La Quinta, CA (Coachella Valley MSA). The property is positioned on a 1.32-acre parcel and is comprised of 3 suites totaling 10,500 SF. In addition, the tenant lineup is comprised of a diverse mix of ecommerce resistant tenants and includes Mattress Firm, AT&T, and Brother’s Nails & Lashes. Brother’s Nails and Lashes recently signed a brand new 10-year lease bringing the properties’ weighted average lease term remaining (WALT) to 8.4 years, demonstrating their long-term commitment to the trade area and reducing the risk of near-term rollover. All leases are structured as net leases and feature scheduled rent increases, minimizing expense leakage for a future investor and providing a hedge against inflation.