CORPORATE STORE & CAP RATE: 6.25% PRICE: $4,775, S. EASTERN AVENUE LAS VEGAS, NV ANCHORED POWER CENTER OR

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1 CORPORATE STORE & ANCHORED POWER CENTER 9821 S. EASTERN AVENUE LAS VEGAS, NV SILVERADO RANCH BLVD EASTERN AVE CAP RATE: 6.25% PRICE: $4,775,

2 OFFERING MEMORANDUM TABLE OF CONTENTS Investment highlights 3 Lease summary 4 Photos 5 Financial analysis 6 Property aerial 7 Tenant overview 8 Location overview 9 NYSE SPRINT CORP Market & area overview 10 2

3 INVESTMENT HIGHLIGHTS TENANT INFO: NYSE SPRINT CORP 8 LOCATIONS STABLE INCOME - EASE OF MANAGEMENT: NNN Leases with Options Long term tenants Minimal Management Responsibilities-Ease of Management Multi Tenant Free Standing Building Built in 2001 PROPERTY OVERVIEW: This offering includes an 8,000 square foot multi-tenant Net Leased Retail Investment at 100% Occupancy located in Las Vegas, Nevada. Long term stabilized Tenants include: Sprint and Molly s Tavern. This building was constructed in 2001 (recently remodeled in 2017), sits on 0.34 acres and is an outparcel of Silverado Ranch Plaza, a Target anchored Power Center. Perfectly positioned just off of Eastern Avenue and Silverado Ranch Blvd., this property services Green Valley, Seven Hills, Anthem and Inspirada Master Planned residential communities. Daily Traffic counts at Eastern Ave. and Silverado Ranch Blvd. top 82,000 cars per day and growing. This net leased investment is perfect for an investor looking for a stable income property with minimum management responsibilities. EXCELLENT RETAIL LOCATION - STRONG DEMOGRAPHICS: Outparcel of a Target Anchored Shopping Center Irreplaceable Street Visibility on S. Eastern Avenue Surrounded by National Credit Tenants-Target, PetSmart, Michael s, Panera Bread, Ulta, Nike Factory Store, Marshall s, Office Depot, Pier 1 Imports, Kirklands, Avenue and GNC Excellent Traffic Counts-Over 82,000 Cars per Day Half Mile South of I Population/ 3 Mile - 153,6390 3

4 LEASE SUMMARY LEASE SUMMARY Tenant Trade Names: Occupancy: 100% Number of Tenants: 2 Building Size: Land Size: Market/Submarket: 8,000 SF 0.34 Acres South Las Vegas Parcel Number: Price: $4,775, Current NOI: $298, Cap Rate: 6.25% Construction Year: 2001 Lease Type: Multi-Tenant NNN Asset 4

5 PHOTOS 5

6 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 Molly s Tavern 1 3,780 8/1/17 7/31/27 10 Years 15% Every 5 Years $142, $11, $37.80 $3.15 Four Five Year Options Sprint 2 4,220 8/1/00 7/31/20 10 Years 1.5% Annually $155, $12, $36.84 $3.07 One Five Year Option Total Square Footage: Total Occupied: 8,000 $298, $24, ,000 $298, $24,

7 PROPERTY AERIAL ST. R OSE PKW SITE Y S T. R O D I G N I T Y H SE DO E M I N I C A LT H AN HO SPIT AL VE EASTERN A DO RA VE SIL HB NC AVE RA SERENE D LV 7

8 TENANT OVERVIEW Sprint corporation offers wireless, long distance and internet services in the United States, Puerto Rico and the Virgin Islands. The company also offers wireless voice, messaging and broadband services through its various subsidiaries under the Boost Mobile, Virgin Mobile and Assurance Wireless brands and wholesale access to its wireless networks to mobile virtual network operators. Sprint is the fourth largest mobile operator in the United States and serves 59.5 million customers as of January This corporate store has been in operation at this location for 17 years and continues to be one of the busiest Sprint stores in Las Vegas. Molly s is a well-known local gaming bar and tavern with multiple locations throughout Las Vegas, Nevada. Molly s offers a comfortable private gaming environment with the gaming industry s most cutting edge games for a personal gaming experience. This location will be their 8th store for this tavern model and they plan to continue to grow in the years to come with many more locations. This Molly s Lease is backed by a local multi-unit operator (with multiple Guarantor s) that have an excellent reputation in town. Their success in this industry is attributed to their knowledge of the gaming market and their commitment to providing their customers with a first class experience. 8

9 LOCATION OVERVIEW POPULATION 1-MILE 3-MILE 5-MILE Estimated Population (2016) 18, , ,098 Projected Population (2021) 21, , ,198 Historical Annual Growth Projected Annual Growth % 11, % 23, % 2, % 17, % 32, % HOUSEHOLDS 1-MILE 3-MILE 5-MILE Estimated Households (2016) 7,638 62, ,580 Projected Households (2021) 8,193 66, ,675 LOCATION OVERVIEW: This building is located on Silverado Blvd. and S. Eastern Ave. Which is one of the most traveled intersections in south Las Vegas. As a multi-tenant pad, an outparcel of Silverado Ranch Plaza and Target anchored Power Center, this location enjoys high visibility along the main retail corridor servicing south Las Vegas. This building is perfectly positioned off of Silverado Ranch Blvd. and S. Eastern Ave. Traffic counts surrounding this asset exceed 82,000 cars per day and growing as the area continues to develop. This property is surrounded by many upscale master planned residential communities such as Green Valley, Anthem, Seven Hills and Inspirada. This community has quickly become a vibrant commercial destination with a strong retail demand generator. Notable retail Tenants in the immediate area include Target, PetSmart, Michaels, Panera Bread, Ulta, Nike Factory Store, Marshall s, Office Depot, Pier 1 Imports, Kirkland s, Avenue, GNC and many more. Historical Annual Change Projected Annual Growth , % 29, % 56, % % 4, % 8, % INCOME 1-MILE 3-MILE 5-MILE Avg. Household Income 2016 $83,119 $89,336 $90,622 Median Household Income 2016 $67,729 $72,209 $71,592 DAYTIME DEMOS 1-MILE 3-MILE 5-MILE Total # of Businesses ,266 5,736 10,973 Total # of Employees ,208 49, ,227 Employee Pop per Business 9.6 to to to 1 Residential Pop per Business 15.0 to to to 1 9

10 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. 10