Five Below, ULTA, & Shops | Beaumont, CA 1541-1545 E 2nd St 30,518 SF 100% Leased Retail Building Beaumont, CA 92223 $12,400,000 ($406.32/SF) 6.35% Cap Rate

Benefit Cosmetics began in 1976 when twins Jean and Jane Ford opened The Face Place boutique in San Francisco. The brand started with a pink lip and cheek stain created for an exotic dancer. After renaming to Benefit Cosmetics in 1990, the company expanded internationally throughout the 1990s. In 1999, LVMH acquired Benefit, allowing further global growth. Today, Benefit offers skincare, makeup, and fragrance products, with notable brow and mascara lines. The company operates numerous Brow Bar locations worldwide specializing in brow services. Benefit's philosophy emphasizes fun and confidence in beauty.

Bright Now! Dental is a privately held dental support organization founded in 1998. Based in Costa Mesa, California, it is part of the Smile Brands network, delivering non-clinical services such as finance, marketing, human resources, and IT to affiliated dental offices. The company aids general and specialty practices, including orthodontics and oral surgery. Originally acquired by Gryphon Investors, Bright Now! has since grown to support hundreds of dental locations across the U.S., serving over a million patients annually. It remains privately held under Smile Brands. The organization focuses on enabling dentists to concentrate solely on patient care by handling administrative and operational functions.

Five Below began in October 2002 when founders Tom Vellios and David Schlessinger opened the first store in Wayne, Pennsylvania. The company focuses on providing a wide range of products across categories like tech accessories, home goods, sporting goods, toys, and candy. Five Below's business model centers around extreme value pricing, with most items between $1-$5. The retailer has expanded significantly since its founding and now maintains a substantial presence across many states while continuing to target young customers with its affordable merchandise selection.

Sharetea began in Taiwan in 1992 and started with to-go black tea and pearl milk tea drinks. The company now focuses on bubble tea beverages made with ingredients sourced from Taiwan, and its menu includes milk tea, fruit tea, ice-blended drinks, matcha, and related refreshment offerings. Sharetea has grown into an international beverage business with a broad network of stores and franchise operations across multiple regions, while keeping its brand centered on Taiwanese tea culture and consistent drink preparation.

Ulta Beauty began in Illinois in 1990 as a beauty retailer built to combine prestige, mass, and salon products in one format. Ulta Beauty now sells cosmetics, fragrance, skin care, wellness, hair care, bath and body products, beauty tools, and salon services through stores, digital platforms, and partnerships. The company maintains a broad U.S. store network and an omnichannel model that supports always-on shopping, discovery, and fulfillment options. The loyalty program supports personalized shopping and service experiences across the business. Ulta Beauty also has an international presence through Space NK, a joint venture in Mexico, and a franchise in the Middle East.