$4,225, WALMART ANCHORED SHOPPING CENTER CHARLESTON COMMONS OUTPARCEL 1 SHOPPING CENTER: 16,170 SF

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1 WALMART ANCHORED SHOPPING CENTER CHARLESTON COMMONS OUTPARCEL SHOPPING CENTER: 16,170 SF $4,225,

2 INVESTMENT HIGHLIGHTS STABLE INCOME - EASE OF MANAGEMENT: NNN Leases with s Long term leases in place Minimal Management Responsibilities-Ease of Management Multi Tenant Free Standing Building Built in 2001 Recently remodeled in 2016 EXCELLENT RETAIL LOCATION - STRONG DEMOGRAPHICS: Outparcel of a Walmart Anchored Power Center Irreplaceable Street Visibility Surrounded by National Credit Tenants Adjacent to Dense Residential Communities PROPERTY OVERVIEW: This offering includes a 16,170 square foot multi-tenant Net Leased Retail Investment at % occupancy located on Stewart Ave. and Nellis Blvd. Stewart Crossing was originally constructed in 2001 and recently remodeled in This property is perfectly positioned as an outparcel of a Walmart anchored Power Center. Stewart Crossing houses a total of 9 Tenants and resides on 1.95 acres. This net leased investment is perfect for an investor looking for a stable income property with minimum management responsibilities. Excellent Traffic Counts Over 61,000 Cars Per Day 2016 Population/ 3 Mile - 215,140 PERFECT 1031 EXCHANGE PROPERTY: Low Price Per Square Foot Strong NOI Pride of Ownership 2

3 LEASE SUMMARY LEASE SUMMARY Occupancy: % Number of Tenants: 9 Building Size: 16,170 SF Land Size: 1.95 Acres Parcel Number: Current Base Rent: $272,5.60 Construction Year: 2001 Lease Type: Multi-Tenant NNN Asset Traffic Count: 61,000 CPD Market: East Las Vegas 3

4 FINANCIAL ANALYSIS TENANT SUITE SQUARE FOOTAGE RENT START END DATE LEASE TERM % INCREASE ANNUAL RENT MONTHLY RENT ANNUAL RENT PSF MONTHLY RENT PSF OPTIONS TO RENEW ESTIMATE CAMS (0.45 SF) Oh! Curry 101 1,785 07/01/15 06/30/21 6 Years 3% $26, $2, $15.00 $1.25 Eyebrow Threading Studio 102 1,200 TBD TBD 6 Years 3% $20, $1, $16.80 $1.40 His and Hers Alterations 103 1,200 01/31/14 12/31/21 7 Years 3% $18, $1, $15.00 $1.25 N/A Palengke Oriental Market , 12/01/14 12/31/25 10 Years 3% $88, $7, $17.28 $1.44 Icon Barber Shop 107 1,500 11/03/15 11/30/20 5 Years 3 cents PSF every year $23, $1, $15.96 $1.33 Boost Mobile 108 1,200 08/10/15 08/31/20 5 Years 3% $18, $1, $15.48 $1.29 Nevada Nails 109 1,460 07/06/16 07/31/26 10 Years 3% $27, $2, $18.60 $1.55 First Class Insurance /13/17 09/30/23 6 Years 3% $15, $1, $15.60 $1.30 The Crepe Station 111 1,743 TBD TBD 6 Years 3% $34,1.40 $2, $19.80 $1. Total Square Footage: Total Occupied: 16,170 $272,5.60 $22, ,170 $272,5.60 $22, $

5 PROPERTY INFORMATION ADDRESS 50 Stewart Ave. Las Vegas, NV MARKET/SUBMARKET East Las Vegas PRICE $4,225, PRICE PER SQUARE FOOT $ SF CURRENT NOI $272,5.60 CAP RATE 6.45% PARCEL APN#: BUILDING AREA 16,170 SF LAND AREA 1.95 Acres VE VISIBILITY AND FRONTAGE Excellent visibility along Stewart Ave. & Nellis Blvd. YEAR BUILT/RENOVATED Built in 2001 Renovated in BEECHGATE AVE KANE AVE STEWART AVE PB BALLANTINE DR STEWART PLACE UNIT 6B CURRIE DR BABBIT DR RONAN DR OAKFORD ST L= PT A PM FLOOD CHANNEL LEASE PM R=54 PM > NELLIS BLVD P P

6 OVERALL SITE PLAN 1 EYEBROW THREADING STUDIO EAST CHARLESTON BOULEVARD A0C A0E A0G A0H A0A A0D A0F GAS AND CAR WASH OWNED BY OTHERS B0A B0E BURGER R0A B0X B0H C0A C0C C0F B0R C0B C0D R0B D0H D0K D0P C0H D0A D0E D0J D0M D0R D0T D0W H C E M X E L T O P I I C A N E0B E0E E0A E0C R0C G R I L L GARDEN CENTER W0A SHOPS B 108-A & GAS STATION TRAFFIC LIGHT NORTH NELLIS BOULEVARD TRAFFIC LIGHT 6

7 OVERALL SITE PLAN 2 STEWART AVENUE A EYEBROW THREADING STUDIO UNIT # SF SPACE 101 Oh Curry 102 Eyebrow Threading Studio 103 His & Hers Alterations 104, 105 & 106 Palengke Oriental Market 107 Barbershop 108 Boost Mobile 109 Nevada Nails & Spa 110 First Class Insurance Services 111 The Crepe Station 7

8 PROPERTY AERIAL NELLIS BLVD STEWART AVE SITE 8

9 PROPERTY AERIAL SITE STEWART AVE NELLIS BLVD 9

10 TENANT OVERVIEW EYEBROW THREADING STUDIO Oh! Curry is a Japanese curry house that was founded in 2013 by Hideto Ashitani. The authentic Japanese curry has quickly become a popular lunch and dinner spot for many residents in the area. Hideto is planning on opening his second location in the Southwest. Brand new state of the art Eyebrow Threading Studio coming soon! Eyebrow threading is a technique used to remove unwanted hair at the follicle level and is a safer method of hair removal than waxing. Threading allows for a more defined and precise shape and can create better definition in eyebrows and be a lot gentler on the skin than other methods of hair removal. His and Hers Alterations is a well-known clothing and alterations store in East Las Vegas. Elsa Bondoc is the founder and operator of this store. She is the creator of all of the clothing within the store and also the seamstress that does all of the alterations. In addition to alterations, she also sells jewelry, hair accessories, and much more! 10

11 TENANT OVERVIEW Palengke Oriental Market and Restaurant is a modest market supplying produce, seafood & packaged Asian products plus various sundries. This market is the anchor Tenant of Stewart Crossing. Palengke has a tremendous following and has expanded its store twice over the last few years. They have also added a restaurant component which has quickly become known amongst the many customers and residents within the area. Icon Barber Shop was established in 2015 and has quickly become one of the most popular barber shops on the East side of town. They provide the most cutting edge modern designs, razor fades, hot towel shaves, beard trims, shape ups, gentlemen s cuts, Mohawks, fohawks and more! Boost mobile was founded in 2000 and has gained a lot of recognition in the U.S. and Australia with its prepaid wireless services. The company debuted in the U.S. in 2001 as part of a joint venture with Nextel Communications. The company s strategy of offering unlimited talk time for only $1 made it extremely popular in California and Nevada where the package first became available. Boost Mobile also offers smartphones and phone accessories. The number of wireless subscribers in the United States topped the 350 Million mark in 2014 and the company shows no signs of slowing down. 11

12 TENANT OVERVIEW Nevada Nails and Spa is an upscale skin and nail salon which has 10 convenient locations servicing the Las Vegas, N. Las Vegas and Henderson area. The business was established in 2011 by Bryan Tran. He and his staff have over 20 years of experience and have a large list of salon services readily available. This salon offers complete nail and skin care. Nevada Nails and Spa specializes in manicures, spa pedicures, acrylic and IBD gel nails, gel manicures, full body waxing and facials. First Class Insurance Services has four convenient locations across the Las Vegas Valley and has over 20 years of experience in providing all personal and business insurance needs. The services they offer are Auto, Home, Renters, Business and Health Insurance policies tailored specifically for each individual at an affordable rate. Each insurance professional prides themselves on finding the right coverage at the best rates for their many trusted clients. The Crepe Station offers a variety of Crepes, Panini s, Smoothies, Coffee and much more! The restaurant was founded in 2015 by William Tejeda and his wife Berta Tejeda. Their first location, located in the center of Las Vegas, quickly became a success with a large following of loyal customers. They have since expanded and now have two convenient locations that service the Las Vegas market. 12

13 LOCATION OVERVIEW POPULATION 1-MILE 3-MILE 5-MILE Estimated Population (2016) 31, , ,601 Projected Population (2021) 35, , ,605 Historical Annual Growth Projected Annual Growth % 9, % 29, % 3, % 23, % 49, % HOUSEHOLDS 1-MILE 3-MILE 5-MILE Estimated Households (2016) 9,495 69, ,431 Projected Households (2021) 10,156 73, ,506 Historical Annual Change Projected Annual Growth % 8, % 19, % % 4, % 10, % LOCATION OVERVIEW: Stewart Crossing is located on Stewart Ave. and Nellis Blvd. and is an outparcel of a Walmart Anchored Power Center. This location enjoys high visibility along the main retail corridor servicing all of the mature residential neighborhoods within the East Las Vegas submarket. This property is near the base of Sunrise Mountain and just minutes away from The Strip and Downtown Las Vegas. This mature residential community has quickly become a vibrant commercial destination with a strong retail demand generator. The surrounding residential communities boast strong demographics within a one to three mile radius. INCOME 1-MILE 3-MILE 5-MILE Avg. Household Income 2016 $,904 $,084 $49,710 Median Household Income 2016 $42,593 $42,4 $40,182 DAYTIME DEMOS 1-MILE 3-MILE 5-MILE Total # of Businesses ,871 13,417 Total # of Employees ,433 36, ,315 Employee Pop per Business 7.7 to to to 1 Residential Pop per Business 45.1 to to to 1 13

14 AREA PROFILE Las Vegas is the most populous city in the U.S. state of Nevada and the county seat of Clark County. Las Vegas is an internationally renowned major resort city known primarily for gambling, shopping, and fine dining and is the leading financial and cultural center for Southern Nevada. The city bills itself as The Entertainment Capital of the World, and is famous for its consolidated casino hotels and associated entertainment. A growing retirement and family city, Las Vegas is the 31st-most populous city in the United States, with a population at the 2014 census of 583,756. The 2014 population of the Las Vegas metropolitan area was 2,027,868. Today, Las Vegas is one of the top tourist destinations in the world. Established in 1905, Las Vegas was incorporated as a city in Las Vegas often refers to the city plus some areas beyond the city limits, especially the resort areas on and near the Las Vegas Strip, and sometimes the entire Las Vegas Valley. The 4.2 mi (6.8 km) stretch of South Las Vegas Boulevard known as the Strip is mainly in the unincorporated communities of Paradise, Winchester, and Enterprise. Las Vegas is situated within Clark County in an arid basin on the desert floor, surrounded by dry mountains. The Spring Mountains lie to the west. Within the city there are many lawns, trees, and other greenery. The city enjoys abundant sunshine yearround: it has an average of about 300 sunny days per year. The primary drivers of the Las Vegas economy are tourism, gaming and conventions, which in turn feed the retail and restaurant Industries. In the second quarter of 2012, something new was on the horizon for Downtown Las Vegas. Tony Hsieh, CEO of Zappos, purchased the former City Hall building, thus turning that property into Zappos corporate headquarters in Downtown Las Vegas. Since then Mr. Hsieh has put in a lot of money and effort revitalizing Downtown Las Vegas which is known as the Downtown Project. This recent project has transformed Downtown, bringing new restaurants, retail, tech buildings, annual, monthly and weekly events and a large park made out of shipping containers (Container Park) which has an outdoor hangout space that offers shopping, restaurants and a small outdoor concert venue. The Downtown project has changed Downtown Las Vegas and has increased the number of local and out of town visitors to the many events, restaurants and retail shops this area has to offer. IN 2014, MORE THAN 41 MILLION PEOPLE VISITED LAS VEGAS. 14