D OLLAR TREE 14325 STATE ROUTE 395, V ICTORVILLE , CA 92301

SINGLE TENANT NNN LEASE INVESTMENT OFFERING

VICTORVILLE, CA

S t a t e m e n t o f D i s c l a i m e r / C o n f i d e n t i a l i t yThe material contained in this Investment Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of Jones Lang LaSalle (“JLL”) or Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Property Owner (“Owner”) in connection with the sale of the Property is “JLL”, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Investment Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to Jones Lang LaSalle.

Neither “JLL”, nor the Owner make any representation or warranty, expressed or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of the Property. This Offering Brochure may include certain statements and estimates by “JLL” with respect to the projected future performance of the Property. These assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, “JLL” and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Investment Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made

to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner, “JLL”, nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Investment Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Investment Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Investment Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agrees to release the Owner and “JLL” from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.

Ta b l e O f Co nt e nt s

Investment Highlights

Rent Roll

Financial Summary

Tenant Overview

Visuals

Retailer Aerial

Retail Site Plan

Site Aerial

Site Plan

Nearby Retailers

Regional Maps

Demographics

Contact

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Jones Lang LaSalle is pleased to offer for sale the fee simple interest in a freestanding, single tenant NNN leased Dollar Tree located within “The Crossroads at 395” shopping center in Victorville, California. The Wal-Mart Supercenter anchored center is West Victorville’s newest and most high-profile retail project, encompassing 40 acres with a GLA of approximately 280,000 square feet of retail. The Crossroads at 395 is positioned to be the dominant retail center in West Victorville, with retailers that include Wal-Mart, Walgreens, Dollar Tree, McDonald’s, Panda Express, AutoZone, Sally Beauty, Great Clips, Domino’s, GNC, El Pollo Loco and Chevron, among others.

The NNN lease is corporately executed by Dollar Tree Stores, Inc., a publicly traded company (NASDAQ: DLTR), reporting 2013 revenues of $7.84 billion, 2013 equity of $1.303 billion, a market cap of $11.1 billion, 4,500 store locations and ranked #342 in Fortune 500 (June 2014). Dollar Tree has executed a rare 10 year lease term with 2 (5-year) options to extend, with scheduled rental increases every 5 years. The building has been delivered to the tenant and grand opening/lease commencement is anticipated for October, 2014.

The asset is strategically located, offering excellent exposure along two of the trade area’s busiest thoroughfares, U.S. Route 395 & State Route 18 (Palmdale Road), averaging approximately 96,000 vehicles per day. The property is adjacent to an established and underserved residential base. With 62,321 people with an average household income of $66,079 within a three-mile radius, the property is well positioned to take advantage of the trade area’s future residential growth, with approximately 19,000 units in various stages of the entitlement process (City of Victorville, 2014).

T h e O f f e r i n g

NNN LEASE STRUCTURE AND BEST IN CLASS TENANT10 year lease guaranteed by Dollar Tree, Inc. (NASDAQ: DLTR)Dollar Tree reported 2013 revenues of $7.84 Billion, 2013 equity of $1.303 Billion, a market cap of $11.1 Billion, and is ranked #342 in Fortune 500.

PROMINENT RETAIL HUBThe Walmart Supercenter and Walgreens anchored center offers great retail synergy with traffic in all directions; high traffic counts of 22,000 VPD along State Route 395 and 15,000 VPD along Palmdale Rd.

QUALITY OF FACILITYThe newly constructed building incorporates high quality finishes and construction materials, as well as a 20 year roof warranty.

EXPANDED DEMOGRAPHICSThe region experienced a recent 200% growth, and is projected to continue.

Investment HighlightsInvestment SummaryOffering Price: $3,195,500Cap Rate: 4.75%Address: 14325 State Rte 395

Victorville, CA 92301Submarket: Inland EmpireYear Built: 2014 (Delivered 4Q)Site Area: 0.79 AcresNet Rentable Area: 9,637 SFPercent Leased: 100%APN: 3103-561-042Ownership: Fee Simple

5R e n t R o l l

Tenant Name Size Lease Starts Lease Ends Lease Years Term $/SF Monthly Base Rent Annual Base RentDollar Tree 9,637 SF 10/1/14 9/31/24 Year 1-5

Year 6-10Option 1Option 2

10/1/14-9/31/1910/1/19- 9/31/2410/1/24-9/31/2910/1/29-9/31/34

$15.75$16.75$18.09$19.54

$12,648.56$13,451.65$14,527.78$15,692.25

$151,782.75$161,419.75$174,333.33$188,306.98

NNN

TENANT INFO LEASE TERMS RENT SCHEDULE LEASE

The information herein has been secured from sources we believe to be reliable; however, makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, changes of price or conditions prior to the sale or lease, or withdrawal without notice.

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Tenant: Dollar Tree Stores, Inc.(Corporate Lease)

DBA: Dollar TreeProperty Address: 14325 State Route 395

Victorville, CA 92301Year Built: 2014Building Size: ±9,637 SFLot Size: ±0.79 AcresRent Commencement: 10/1/2014Lease Expiration: 9/31/2024Term Remaining: 10 YearsRent Increases: $1.00 PSF on 10/1/2020Renewal Options: Two (2), Five (5) year options

(12 months’ notice required)Option Increases: 8.00% (1st); 8.00% (2nd)Lease Type: NNNRoof/Structure: 20 year warrantyParking Lot: Landlord maintains and repairsHVAC: Tenant maintains and replaces

LEASE ABSTRACT OPERATING STATEMENT

Gross Potential Rent: $151,783 Vacancy 0% $0 Effective Gross Income: $151,783 Less Expenses NNNNet Operating Income: $151,783

F i n a n c i a l S u m m a r y

Note: In addition to base rent Tenant pays a CAM expense of $2.28 PSF which shall increase by a fixed 4% per annum

Note: Landlord bills Tenant fixed CAM of $2.28 PSF (CAM expense increases annually by 4%) which are anticipated to exceed actual expenses. These expenses are not reconciled, which should create positive slippage to Landlord. Taxes and insurance are reconciled annually, first being paid by Landlord and then reimbursed 100% by tenant.

The information herein has been secured from sources we believe to be reliable; however, makes no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, changes of price or conditions prior to the sale or lease, or withdrawal without notice. notice.

7Te n a nt O ve r v i e w

Dollar Tree is the #1 discount retailer in America by any measure.

Dollar Tree Inc. is an American chain of discount variety stores that sells every item for $1.00 or less. Dollar Tree Stores, Inc., a publicly traded company (NASDAQ: DLTR) reported 2013 revenues of $7.84 Billion, 2013 equity of $1.303 Billion, a market cap of $11.1 Billion, and ranked #342 in Fortune 500 (June 2014).

Dollar Tree competes in the dollar store and low-end retail markets. Each Dollar Tree stocks a variety of products including national, regional, and private-label brands. Departments found in a Dollar Tree store include health and beauty, food and snacks, party, seasonal décor, housewares, glassware, dinnerware, household cleaning supplies, candy, toys, gifts, gift bags and wrap, stationery, craft supplies, teaching supplies, automotive, electronics, pet supplies, and books.

Dollar Tree is headquartered in Chesapeake, VA, and operates 4,500 stores throughout the 48 continguous states and Canada. Its stores are supported by a nationwide logistics network of nine distribution centers. As a whole, the discount store sector is extremely strong, with Dollar General recently being added to the Standard & Poor’s 500.

As of January 2015, market competitor Family Dollar approved a proposed merger with Dollar Tree for $8.5 billion, rejecting a $9.1 billion offer from rival Dollar General. Following FTC approval in March 2015, the merger is expected to create 13,000 new stores and generate $18 billion in annual revenue. It also puts Dollar Tree in a position to acquire Family Dollar’s foothold in rural and urban markets, which would diversify Dollar Tree’s portfolio of primarily suburban locations. The merger solidifies Dollar Tree as a dominant name in the low-cost retail world, as it captures the multi-price point business model from Family Dollar. Market response to the merger has been favorable, with a 3% growth in DLTR shares following the January announcement.

Corporate Information

Tenant Highlights

Ticker Symbol: NASDAQ: DLTR

Founded: 1986, Norfolk, VA

Revenue: $7.84 Billion (FY 2013)

Net Worth: $596.7 Million

Credit: S&P Investment Grade

Employees: 87,400

No. of Locations: 4,500

Website: www.dollartree.com

S&P Rated Investment Grade Credit

4,500 locations in 48 states

$7.84 Billion in Annual Sales

$596.7 Million Net Worth

Ranked #342 in Fortune 500

8Re t a i l A e r i a l

CANTINA ST

HIGHWAY 395

PALMDALE RD - 15,000 CPDHIGHWAY 395 - 22,000 CPD

PALMDALE RD

9Re t a i l S i t e P l a n

LOADING DOOR

10S i t e A e r i a l

11S i t e P l a n

12N e a r b y Re t a i l e rs

13Re g i o n a l M a p

ANTELOPE VALLEY

LOS ANGELESRIVERSIDE

SAN BERNARDINO

VICTORVILLE

SITEBARSTOW

14D o l l a r Tre e a n d Wa l - M a r tLo c a t i o n s i n t h e H i g h D e s e r t

12234 Palmdale RdVictorville, CA

On Site

13401 Main StHesperia, CA

5.8 miles 15759 Main StHesperia, CA

7.5 miles

11896 Amargosa RdVictorville, CA

4 miles

14792 La Paz DrVictorville, CA

4.8 miles

12160 Hesperia RdVictorville, CA

6.5 miles

2051 Hwy 18Apple Valley, CA

10 miles20346 Hwy 18Apple Valley, CA

10.5 miles

SITE

15Lo c a t i o n O ve r v i e w / D e m o g ra p h i c s

3 MILES

5 MILES$

$

$

5 Mile Radius:

Population – 117,483

Avg. household income - $63,199

10 MILES

10 Mile Radius

Population – 284,608

Avg. household income - $62,968

3 Mile Radius

Population – 63,160

Avg. household income - $69,144

Victorville and the Inland Empire: A New Direction for Retail GrowthThe city of Victorville, “Key City of the High Desert,” is located at the southwestern edge of the Mohave Desert, 90 miles northeast of Los Angeles. With numerous manufacturing facilities drawn by the area’s low land coast and superb accessibility, the High Desert region has enjoyed a boom in industrial development.

Victorville serves a constantly increasing population, with 19,000 residential units planned. This growth calls for ever growing retail services, particularly in the western region of the city where the Crossroads at 395 is located.

2014 POPULATION & INCOME

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Broker Information Geoff TranchinaExecutive Vice President +1 310 694 3180Geoff.Tranchina@am.jll.com Lic: 01435512

Jason Gribin Vice President+1 310 694 3192Jason.Gribin@am.jll.com Lic: 01819611

lnwElizabeth Hewson

Senior Associate +1 310 694 3196Elizabeth.Hewson@am.jll.com Lic: 01956413