BIG BRAND TIRE & SERVICE

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MEMORANDUMOFFERING

BIG BRAND TIRE & SERVICEE X C L U S I V E N E T - L E A S E O F F E R I N G

578 South Dawson Drive, Camarillo, CA

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Confidentiality and Disclaimer

Marcus & Millichap hereby advises all prospective purchasers of NetLeased property as follows:

The information contained in this Marketing Brochure has beenobtained from sources we believe to be reliable. However, Marcus &Millichap has not and will not verify any of this information, nor hasMarcus & Millichap conducted any investigation regarding thesematters. Marcus & Millichap makes no guarantee, warranty orrepresentation whatsoever about the accuracy or completeness ofany information provided.

As the Buyer of a net leased property, it is the Buyer’s responsibilityto independently confirm the accuracy and completeness of allmaterial information before completing any purchase. This MarketingBrochure is not a substitute for your thorough due diligenceinvestigation of this investment opportunity. Marcus & Millichapexpressly denies any obligation to conduct a due diligenceexamination of this Property for Buyer.

Any projections, opinions, assumptions or estimates used in thisMarketing Brochure are for example only and do not represent thecurrent or future performance of this property. The value of a netleased property to you depends on factors that should be evaluatedby you and your tax, financial and legal advisors.

Buyer and Buyer’s tax, financial, legal, and construction advisorsshould conduct a careful, independent investigation of any net leasedproperty to determine to your satisfaction with the suitability of theproperty for your needs.

Like all real estate investments, this investment carries significantrisks. Buyer and Buyer’s legal and financial advisors must requestand carefully review all legal and financial documents related to theproperty and tenant. While the tenant’s past performance at this orother locations is an important consideration, it is not a guarantee offuture success. Similarly, the lease rate for some properties,including newly-constructed facilities or newly-acquired locations,may be set based on a tenant’s projected sales with little or norecord of actual performance, or comparable rents for the area.Returns are not guaranteed; the tenant and any guarantors may failto pay the lease rent or property taxes, or may fail to comply withother material terms of the lease; cash flow may be interrupted inpart or in whole due to market, economic, environmental or other

conditions. Regardless of tenant history and lease guarantees, Buyeris responsible for conducting his/her own investigation of all mattersaffecting the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant ifthe current tenant should default or abandon the property, and thelease terms that Buyer may be able to negotiate with a potentialreplacement tenant considering the location of the property, andBuyer’s legal ability to make alternate use of the property.By accepting this Marketing Brochure you agree to release Marcus &Millichap Real Estate Investment Services and hold it harmless fromany kind of claim, cost, expense, or liability arising out of yourinvestigation and/or purchase of this net leased property.

CONFIDENTIALITY AND DISCLAIMER

The information contained in the following Marketing Brochure isproprietary and strictly confidential. It is intended to be reviewed onlyby the party receiving it from Marcus & Millichap and should not bemade available to any other person or entity without the writtenconsent of Marcus & Millichap. This Marketing Brochure has beenprepared to provide summary, unverified information to prospectivepurchasers, and to establish only a preliminary level of interest in thesubject property. The information contained herein is not a substitutefor a thorough due diligence investigation. Marcus & Millichap hasnot made any investigation, and makes no warranty orrepresentation, with respect to the income or expenses for thesubject property, the future projected financial performance of theproperty, the size and square footage of the property andimprovements, the presence or absence of contaminatingsubstances, PCB’s or asbestos, the compliance with State andFederal regulations, the physical condition of the improvementsthereon, or the financial condition or business prospects of anytenant, or any tenant’s plans or intentions to continue its occupancyof the subject property. The information contained in this MarketingBrochure has been obtained from sources we believe to be reliable;however, Marcus & Millichap has not verified, and will not verify, anyof the information contained herein, nor has Marcus & Millichapconducted any investigation regarding these matters and makes nowarranty or representation whatsoever regarding the accuracy orcompleteness of the information provided. All potential buyers musttake appropriate measures to verify all of the information set forthherein.

NON-ENDORSEMENT NOTICE

Marcus & Millichap Real Estate Investment Services, Inc. (“M&M”) isnot affiliated with, sponsored by, or endorsed by any commercialtenant or lessee identified in this marketing package. The presenceof any corporation’s logo or name is not intended to indicate or implyaffiliation with, or sponsorship or endorsement by, said corporation ofM&M, its affiliates or subsidiaries, or any agent, product, service, orcommercial listing of M&M, and is solely included for the purpose ofproviding tenant lessee information about this listing to prospectivecustomers.

ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY.PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FORMORE DETAILS.

SPEICAL COVID-19 NOTICE

All potential buyers are strongly advised to take advantage of theiropportunities and obligations to conduct thorough due diligence andseek expert opinions as they may deem necessary, especially giventhe unpredictable changes resulting from the continuing COVID-19pandemic. Marcus & Millichap has not been retained to perform, andcannot conduct, due diligence on behalf of any prospectivepurchaser. Marcus & Millichap’s principal expertise is in marketinginvestment properties and acting as intermediaries between buyersand sellers. Marcus & Millichap and its investment professionalscannot and will not act as lawyers, accountants, contractors, orengineers. All potential buyers are admonished and advised toengage other professionals on legal issues, tax, regulatory, financial,and accounting matters, and for questions involving the property’sphysical condition or financial outlook. Projections and pro formafinancial statements are not guarantees and, given the potentialvolatility created by COVID-19, all potential buyers should becomfortable with and rely solely on their own projections, analyses,and decision-making.)


Concept Overview 4-5

Sponsor Overview 6

Investment Highlights 7

Financial Analysis 8

Surrounding Area 9

Location Overview 10

Regional Map 11

Demographics 12

Table of Contents

Big Brand Tire & Service Vision

Big Brand Tire & Service has been saving people money on tires formore than 50 years. The company was founded in 1969 and hasbecome a leading automotive service provider in California.

The vision of Big Brand Tire & Service is simple; to be recognized as the best one-stop tire and auto repair provider. They deliver their customers the highest level of satisfaction while investing in the lives of the hardworking, dedicated people who make up their team. Value is their objective, and they will not be undersold. From the day they opened in 1969, they have wanted a chance to offer their customers the best deal for all of their auto service needs.

Why Choose Big Brand Tire & Service? At Big Brand Tire & Service the goal has always been to provide complete customer satisfaction. Big Brand Tire & Service offers all the "Big Brands" for less including but not limited to Bridgestone, Michelin, Firestone, Cooper, Goodyear, and many more.

Big Brand Tire & Service also offers a long list of services including Alignments, Brakes, Oil Changes, Suspension, Custom Lifting or Lowering of their customer’s vehicle and much more. Big Brand Tire & Service's company policy forbids high pressure selling of unneeded merchandise or services. As was the case when Big Brand Tire & Service first opened their doors to the California public, they sincerely appreciate their customer’s business.

Big Brand Tire & Service

Big Brand Tire & Service Background

Big Brand Offers One of the Largest Selections of Tire Brands in the Industry:


4

$1.4MIndustry Average

Industry VolumesBig Brand has the Highest Unit Volumes in the Industry

5

+2.1x


$3.0M

$3.5M

6

Sponsor OverviewPercheron Capital has Leading Experience Investing in and Operating Essential Services Businesses

Percheron Capital Representative Experience

• Percheron Capital is a San Francisco-based private equity firm that spun out of Golden Gate Capital in 2020

• The firm’s founders worked together at Golden Gate for over 10 years where they led coverage of essential services sectors

• Percheron’s strategy is control investments in leading middle-market essential services businesses where our operationally-oriented approach can significantly accelerate growth and enhance value

• The firm invests in large, fragmented and secularly growing end markets such as Auto Service, Healthcare Services, Food & Beverage and Education

• Percheron also has significant experience investing in the owned real estate of multi-site services businesses leveraging its expertise and knowledge of tenants

• Percheron’s team includes some of the most experiencedinvestors and operators in the automotive service industry

+610Greenfields

Built

+2.8xRevenue Growth

+4.5xEBITDAGrowth

+845Units

Acquired

• Automotive service experience:⁻ 100+ businesses evaluated⁻ 3 platform investments executed⁻ 45 add-ons completed


Investment Highlights

7

About the Investment Long Term 20-Year Sale-Leaseback Absolute Triple Net (NNN) Lease with Zero Landlord Responsibilities Attractive Rental Increases of Two Percent (2%) Every Year Four (4) Tenant Renewal Periods of Five (5) Years Each

About the Location Dense Retail Corridor | Walmart, The Home Depot, Target, Staples, CVS, Bank of

America, Chase Bank, Pizza Hut, Trader Joe’s, and 7-Eleven, and Many More Affluent Suburban Community | Average Household Income Within a Three Mile Radius

Exceeds $120,000 Proximity to Major Shopping Center | Within Two-Mile Radius | Camarillo Premium

Outlets | Premiere Retail Tenants Include: Adidas, Nike, Ralph Lauren, Lululemon; Dining Options Include: Cracker Barrel, Panera Bread and Johnny Rockets

Prominent Academic Institution Presence | California State University Channel Islands Campus | Ranked Top 20 Western Regional College By US News & World Report | Student Enrollment Exceeds 7,000

About the Tenant / Brand Big Brand Tire & Service has been in business for 50+ Years Founded in 1969 and offers a diverse range of services including alignments, brakes, oil

changes, suspension, custom lifting and lowering, and many more Pride themselves on high level of customer satisfaction across all locations The Company has industry-leading financial performance, far exceeding other

automotive service peers, due to its strong real estate, advanced digital technology and exceptional customer service

Big Brand Tire & Service has been rapidly expanding across California and expects to operate over 100 locations in the near-term


PURCHASE PRICE: $5,074,740 | CAP RATE: 5.00% | RENT: $253,737

8

RENT SCHEDULELease Year(s) Annual Rent Monthly Rent Rent Escalation

Year 1 $253,737 $21,145 -Year 2 $258,812 $21,568 2.00%Year 3 $263,988 $21,999 2.00%Year 4 $269,268 $22,439 2.00%Year 5 $274,653 $22,888 2.00%Year 6 $280,146 $23,346 2.00%Year 7 $285,749 $23,812 2.00%Year 8 $291,464 $24,289 2.00%Year 9 $297,293 $24,774 2.00%

Year 10 $303,239 $25,270 2.00%Year 11 $309,304 $25,775 2.00%Year 12 $315,490 $26,291 2.00%Year 13 $321,800 $26,817 2.00%Year 14 $328,236 $27,353 2.00%Year 15 $334,801 $27,900 2.00%Year 16 $341,497 $28,458 2.00%Year 17 $348,327 $29,027 2.00%Year 18 $355,293 $29,608 2.00%Year 19 $362,399 $30,200 2.00%Year 20 $369,647 $30,804 2.00%

Financial AnalysisPURCHASE PRICE: $5,074,740 | CAP RATE: 5.00% | RENT: $253,737

Investment SummaryMarcus & Millichap is pleased to present the exclusive listing for a Big Brand Tire& Service located at 578 S Dawson Drive, Camarillo, CA. The site consists ofroughly 10,703 rentable square feet of building space on an estimated 1.09-acreparcel of land. This Big Brand Tire & Service is subject to a 20-year absolutetriple net (NNN) lease, which commences upon the close of escrow. The baserent will be $253,737 and will increase by two percent (2%) annually starting inyear two and continuing throughout the base term and into each of the four,five-year tenant renewal option periods.

PROPERTY DESCRIPTION

Property Big Brand Tire & Service

Property Address 578 South Dawson Drive

City, State, ZIP Camarillo, CA 93012

Estimated Building Size (sf) 10,703

Estimated Lot Size (acres) +/- 1.09

Type of Ownership Fee-Simple

THE OFFERING

Purchase Price $5,074,740

CAP Rate 5.00%

Annual Rent $253,737

LEASE SUMMARY

Property Type Net-Leased Auto Service

Tenant/Guarantor Big Brand Tire - Corporate

Ownership Type Fee-Simple

Lease Term 20 Years

Lease Commencement Upon Close of Escrow

Lease Term Remaining 20 Years

Lease Type Triple Net (NNN)

Roof & Structure Tenant Responsible

Rental Increases 2% Per Year

Options to Renew Four (4), Five (5) Year Options


Surrounding Area

9Big Brand Tire & Service

Property Address: 578 South Dawson Drive, Camarillo, CA 93012

CAMARILLO AIRPORT

PLEASANT VALLEY ROAD ADTC: 15,400

ADTC: 153,500

The Big Brand Tire and Service location is situated on the end of an intersectionwhere Dawson Drive meets Pleasant Valley Road and on the opposite side PleasantValley Road intersects with South Lewis Road. This location offers the propertyhigh visibility from traffic heading in all directions. Pleasant Valley Road boasts anaverage daily traffic count of 15,400 vehicles. The Ventura Freeway (Route 101) isless than two miles away and it brings an additional 153,500 vehicles through thearea. The population and demographics surrounding the area also benefit theproperty greatly. There are over 60,000 individuals within a three-mile radius ofthe location and over 90,000 within a five-mile radius. The average income is over$120,000 within a 3-mile radius which places the location around a very affluentcommunity.

The subject investment property also benefits from being well-positioned in ahighly dense retail corridor consisting of national tenants, shopping centers,hospitality accommodations and academic institutions. Some of the tenantsinclude Walmart, The Home Depot, Target, Staples, CVS, Bank of America, ChaseBank, Pizza Hut, Trader Joe’s, and 7-Eleven. Hospitality accommodations in theimmediate area include a Residence Inn by Marriott. Additionally, the CamarilloPremium Outlets are less than two miles away. It provides an open-air shoppingenvironment and carries over 150 retailers which include, Adidas, Nike, RalphLauren, Lululemon and featuring dining establishments like Cracker Barrel, PaneraBread and Johnny Rockets. The Big Brand Tire and Service location also benefitsfrom its proximity to the California State University Channel Islands Campus. TheUniversity was ranked by US News and World Report in the top 20 for best regionalcolleges in the West and boasts an enrollment of nearly 7,000 students.

Camarillo is the fourth largest city in Ventura county and carries the third highestmedian income. Just an hour north of Los Angeles, the city is nestled at the base ofthe Conejo foothills and surrounded by green fields and ocean breezes. With a veryfavorable climate, Camarillo experiences more than 300 days of sunshine a yearallowing for outdoor activities. Visitors can enjoy rides in vintage military aircraft atthe World War II Aviation Museum or go hiking and picnicking at Camarillo GrovePark. There are also several vineyards that provide regular tours and tastings.Ventura County has a population of over 840,000 residents and is considered thesouthernmost county along the California Central Coast. The region has a lot tooffer travelling individuals with a beachfront resort, historical sites, charmingdowntowns, and a botanical garden overlooking the Pacific.


Location OverviewProperty Address: 578 South Dawson Drive, Camarillo, CA 93012

ADTC: 15,400

ADTC: 13,200

Regional Map



Demographics

3 Miles

5 Miles

10 Miles

3 Miles 5 Miles 10 MilesPOPULATION

2025 Projection 65,045 94,990 454,2442020 Estimate 63,206 92,208 443,4992010 Census 59,625 87,211 424,1862000 Census 51,001 71,451 380,798

INCOMEAverage $126,360 $140,459 $115,388Median $95,655 $102,704 $84,376Per Capita $47,555 $52,548 $35,327

HOUSEHOLDS2025 Projection 24,475 35,579 138,9322020 Estimate 23,603 34,305 134,7732010 Census 21,922 31,916 126,8352000 Census 18,806 26,487 113,744

HOUSING2020 $545,533 $586,782 $505,364

EMPLOYMENT2020 Daytime Population 79,580 100,539 425,3452020 Unemployment 2.95% 2.80% 3.46%

2020 Median Time Traveled 25 Mins 26 Mins 27 Mins

RACE & ETHNICITYWhite 71.13% 73.13% 59.23%Native American 0.19% 0.16% 0.27%African American 2.18% 1.93% 2.45%2024 Projection 11.14% 11.38% 8.18%



EXCLUSIVE NET LEASE OFFERING

CA BROKER OF RECORD:Jim MarkelMarcus & MillichapLic.# 01253407

Glen [email protected]

O: 212-430-5115License: 10301203289

Alexandre [email protected]

O: 212.430.5182C: 516.376.0545

License: 10401279846

Nicoletti [email protected]

O: 212.430.5186C: 201.669.7217

License: 10401243775

Documents

BIG BRAND TIRE & SERVICE