OFFERING MEMORANDUM

BIG 5 SPORTING GOODS25 E 800 SOUTH - RICHFIELD, UT 84701

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BIG 5 SPORTING GOODS25 E 800 SOUTH

RICHFIELD, UT 84701

SUMMARY

OFFERING SUMMARYBIG 5 SPORTING GOODS - RICHFIELD, UT

THE OFFERING

PRICE $1,155,000CAP RATE 9.02%

PROPERTY SUMMARY

RENTABLE SQUARE FEET 10,010 SF

PRICE PER SQUARE FOOT $115

PARCEL NUMBER 1-8-78

LOT SIZE 0.99 Acres

YEAR BUILT 2002

TYPE OF OWNERSHIP Fee Simple

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INCOME - ANNUALIZED

ANNUAL BASE RENT $116,220

EXPENSES

PROPERTY TAXES $9,500

INSURANCE $2,500

TOTAL EXPENSES $12,000

NET OPERATING INCOME $104,220

OPERATING NUMBERS

INVESTMENT HIGHLIGHTS

Close Proximity to Many Recreational Options & National Parks

CORPORATE GUARANTEEDLease from Big 5 Sporting Goods Corporation

Major Tenants in the Immediate Area

include AutoZone, Aaron’s, Motel 6,

Quality Inn, Burger King, McDonald’s,

O’Reilly Auto Parts, Pizza Hut, UPS

Store, Dollar Tree, Tractor Supply, Little

Caesars Pizza, Subway, Walmart

Supercenter, Wells Fargo Bank, The

Home Depot, Wendy’s, Taco Bell,

Comfort Inn, Phillips 66, Big O Tires,

NAPA Auto Parts, Texaco, & Chevron

Low Competition in the Area

TENANT OVERVIEW

TENANT Big 5 Sporting Goods

OWNERSHIP Public

LEASE GUARANTOR Big 5 Sporting Goods Corporation (NYSE: BGFV)

LEASE TYPE Modified Gross

LANDLORD RESPONSIBILITY Property Taxes, HVAC, Partial Insurance, Parking Area

LEASE COMMENCEMENT 10/09/2012

LEASE EXPIRATION 01/31/2023

YEARS LEFT ON LEASE 3 Years

INCREASES At Options

OPTIONS Three, 5-Year Options Remaining

ANNUAL BASE RENT $116,220

3 Years Left in Current Option Period

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INITIAL LEASE TERM 5 Years

Big 5 Showed Commitment to Site by Executing a Lease Renewal in 2018

TENANT OVERVIEW

Big 5 Sporting Goods Corporation, together with its subsidiaries, engages in the retail of sporting goods in the

western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection of

outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, snowboarding,

and in-line skating. It also offers various private label merchandise, including shoes, apparel, golf equipment,

binoculars, camping equipment, fishing supplies, and snowsport equipment. The company sells private label

merchandise under its owned labels comprising Court Casuals, Golden Bear, Harsh, Pacifica, Rugged Exposure,

and Triple Nickel, in addition to labels licensed from a third party, including Avet, Body Glove, Hi-Tec, Maui & Sons,

and Realm and The Realm. As of November 13, 2018, it operated 436 stores in 11 states under the Big 5 Sporting

Goods name. The company was founded in 1955 and is headquartered in El Segundo, California.

436Locations

El Segundo, CA

Headquarters

64Years in the

Business

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SUBJECT PROPERTY

SALT LAKE CITY INTERNATIONAL AIRPORT

165 MILESST. GEORGE, UTAH

165 MILES

BRYCE CANYON NATIONAL FOREST

60 MILESCAPITOL REEF NATIONAL PARK

63 MILES

DISTANCE TO:

REGIONAL MAP

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SUBJECT PROPERTY

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LOCAL MAP

SUBJECT PROPERTY

McDonald’s

Burger King

S Main St

7,105 DAILY TRAFFIC COUNT

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AERIAL MAP

MARKET

OVERVIEW

LOCATION OVERVIEW Richfield is served by major transportation access - situated along Interstate 70 and within 30 minutes of Interstate

15. It is located 159 miles from Salt Lake City and 164 miles from St. George. It is the largest city in southern-

central Utah with a population of 7,551. Richfield has a Utah State University extension and a Snow College Campus

with 840 Students. One of Richfield’s regional roles is that it lies on the interstate freeway almost precisely halfway

between Los Angeles and Denver. Many travelers between the two cities stop in Richfield to eat, get fuel, or spend

the night. Though not large, Richfield is remote from larger cities. One has to travel about 100 miles or more in any

direction to reach a more populous town, while dozens of less populous communities are found in the general area.

Its remoteness, plus its location on major transportation corridors, makes it central Utah’s de facto regional capital,

a shopping and commercial capital of a vast mountain-valley region.

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PopulationIn 2018, the population in your selected geography is

9,869. The population has changed by 14.18% since

2000. It is estimated that the population in your area

will be 10,351 five years from now, which represents

a change of 4.89% from the current year. The current

population is 50.78% male and 49.22% female. The

median age of the population in your area is 34.4,

compare this to the Entire US average which is 38.0.

The population density in your area is 125.50 people

per square mile.

EmploymentIn 2018, there are 5,291 employees in your selected

area, this is also known as the daytime population.

The 2000 Census revealed that 55.27% of employees

are employed in white-collar occupations in this

geography, and 44.76% are employed in blue-collar

occupations. In 2018, unemployment in this area is

4.19%. In 2000, the average time traveled to work was

13.7 minutes.

IncomeIn 2018, the median household income for your selected

geography is $53,880, compare this to the entire

US average which is currently $58,754. The median

household income for your area has changed by 46.24%

since 2000. It is estimated that the median household

income in your area will be $61,175 five years from now,

which represents a change of 13.54% from the current

year.

The current year per capita income in your area is

$22,316, compare this to the entire US average, which

is $32,356. The current year average household income

in your area is $66,340, compare this to the entire US

average which is $84,609.

HousingIn 2000, there were 2,102 owner occupied housing units

in your area and there were 605 renter occupied housing

units in your area. The median rent at the time was $418.

Race & EthnicityThe current year racial makeup of your selected

area is as follows: 94.14% White, 0.60% Black,

0.11% Native American and 0.47% Asian/Pacific

Islander. Compare these to entire US averages

which are: 70.20% White, 12.89% Black, 0.19%

Native American and 5.59% Asian/Pacific Islander.

People of Hispanic origin are counted independently

of race. People of Hispanic origin make up 3.94%

of the current year population in your selected area.

Compare this to the Entire US% average of 18.01%.

HouseholdsThere are currently 3,285 households in your

selected geography. The number of households has

changed by 21.32% since 2000. It is estimated that

the number of households in your area will be 3,538

five years from now, which represents a change of

7.69% from the current year. The average household

size in your area is 2.89 persons.

DEMOGRAPHICS 5 MILE RADIUS

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DEMOGRAPHICS 5 MILE RADIUS

2000 Population 8,643

2010 Population 9,689

2018 Population 9,869

2023 Population 10,351

2000 Households 2,708

2010 Households 3,216

2018 Households 3,285

2023 Households 3,538

2018 Average HH Size 2.89

POPULATION HOUSEHOLDS

2018 Daytime Population 11,409

EMPLOYMENT

Median HH Income $53,880

Per Capita Income $22,316

Average HH Income $66,340

2018 INCOME

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Gary MangumBroker, Lic. # 5468490-PB00Marcus & Millichap111 South Main St. Suite 500Salt Lake City, UT 84111