Investment Overview

The subject is a single tenant US Foods | Chef'store operating under the original 15-year lease with over 10-years remaining. The property is located in a prominent shopping center anchored by Costco & Lowe’s at the corner of S. Mooney Blvd & Visalia Parkway. There are 7.5% Rent Increases every 5-years & 10% rent increases at each of the 4, 5-year option periods. The lease is corporately guaranteed by US FOODS, INC. (NYSE: USFD) with $39 Billion in annual revenue and $4 Billion net worth. CHEF’STORE by US Foods consists of 97 locations covering 14 states. US FOODS, INC. is rated “BB+ / Stable” by S&P and “Ba2” by Moody’s. The subject property is situated in a synergistic retail shopping center anchored by Costco & Lowe’s with an abundance of national tenants in the immediate trade area, including: Costco, Lowe’s, Walmart, Burlington, Dick’s Sporting Goods, Hobby Lobby, Target, Best Buy, Michael’s, PetSmart, Home Goods, Raising Cane’s, Sportsman’s Warehouse, Ashley Furniture, Panera Bread, Chipotle, Barnes & Noble, Starbucks, and many more. There are strong demographics in the region with average household incomes of $90,626 within a 1-Mile radius and 162,712 residents within a 5-Mile radius of the subject property.