1120 N. Nellis Boulevard - Competition Motors

Transcription

1 OFFERING MEMORANDUM 0 N. Nellis Boulevard - Competition Motors COMPETITION MOTORS Owner Operator - 6 Car Indoor/Outdoor Used Car Dealership 0 N. Nellis Boulevard, Las Vegas, Nevada 8 Sun Commercial Real Estate, Inc.

2 Contacts 0 N. Nellis Boulevard - Competition Motors Cathy Jones, CPA, SIOR, CCIM CEO CathyJ@suncommercialre.com Roy Fritz Senior Vice President RoyF@suncommercialre.com Jessica Cegavske Vice President JessicaC@suncommercialre.com Jennifer Lehr Senior Associate JenniferL@suncommercialre.com Sun Commercial Real Estate, Inc. 6 Brent Thurman Way, Suite, Las Vegas, Nevada Ph Fax

3 Confidentiality & Disclosure 0 N. Nellis Boulevard - Competition Motors SUN COMMERCIAL REAL ESTATE, INC. (the Broker ) has been retained on an exclusive basis to market the property described herein (the Property ). Broker has been authorized by the Seller of the Property (the Seller ) to prepare and distribute the enclosed information (the Material ) for the purpose of soliciting offers to purchase from interested parties. More detailed financial, title and tenant lease information may be made available upon request following the mutual execution of a letter of intent or contract to purchase between the Seller and a prospective purchaser. You are invited to review this opportunity and make an offer to purchase based upon your analysis. If your offer results in the Seller choosing to open negotiations with you, you will be asked to provide financial references. The eventual purchaser will be chosen based upon an assessment of price, terms, ability to close the transaction and such other matters as the Seller deems appropriate. The Material is intended solely for the purpose of soliciting expressions of interest from qualified investors for the acquisition of the Property. The Material is not to be copied and/or used for any other purpose or made available to any other person without the express written consent of Broker or Seller. The Material does not purport to be all-inclusive or to contain all of the information that a prospective buyer may require. The information contained in the Material has been obtained from the Seller and other sources and has not been verified by the Seller or its affiliates. The pro-forma is delivered only as an accommodation and neither the Seller, Broker, nor any of their respective affiliates, agents, representatives, employees, parents, subsidiaries, members, managers, partners, shareholders, directors, or officers, makes any representation or warranty regarding such pro-forma. Purchaser must make its own investigation of the Property and any existing or available financing, and must independently confirm the accuracy of the projections contained in the pro forma. Seller reserves the right, for any reason, to withdraw the Property from the market. Seller has no obligation, express or implied, to accept any offer. Further, Seller has no obligation to sell the Property unless and until the Seller executes and delivers a signed agreement of purchase and sale on terms acceptable to the Seller, in its sole discretion. By submitting an offer, a purchaser will be deemed to have acknowledged the foregoing and agreed to release Seller and Broker from any liability with respect thereto. Property walk-throughs are to be conducted by appointment only. Contact Broker for additional information. Cathy Jones, CPA, SIOR, CCIM CEO cathyj@suncommercialre.com

4 Table of Contents 0 N. Nellis Boulevard - Competition Motors Property Overview Section Investment Summary Property Summary Property Photos Assessor Parcel Map Las Vegas Valley Location Map Location Overview Section Las Vegas Retail & Northeast Las Vegas Submarket Review Area Demographics

5 Investment Summary 0 N. Nellis Boulevard - Competition Motors THE OFFERING The Investment Services Group at Sun Commercial Real Estate has been exclusively retained to offer qualified investors the opportunity to acquire Competition Motors, a ±9, square foot freestanding used car dealership. The Property is situated on.0 acres and located on N. Nellis Boulevard just south of E. Washington Avenue having the civic address of 0 N. Nellis Boulevard, Las Vegas, NV 8. The property includes an indoor showroom that holds ± cars and an exterior car lot that holds ± cars. As of 07, there are 9,8 residents within a -mile radius with an average household income of $0,79. This is a turnkey investment property that includes the Land, Building, all Personal Property. INVESTMENT HIGHLIGHTS Turnkey Investment - Includes Land, Building, and all Personal Property Largest Indoor Used Car Showroom in the entire Las Vegas Valley Established Clientele with Strong Operating History Dense Demographics of 9,8 residents within miles - 6.6% Hispanic Located within a Dominate Retail Corridor with National Tenants including: Kroger (Smiths), Wal-Mart, Goodwill, Ross and Target Opportunity to Develop ±,0 SF On-Site Repair facility in the rear Location eligible for marijuana dispensary license according to Clark County Planning SUMMARY Asking Price: $,0,000 APN: Total Building Area: ±9, SF ability to expand to ±,9 SF Zoning: C- (No Special Use Permit required for this Zoning) Total Land: ±.0 Acres Ownership: Fee Simple

6 Property Summary 0 N. Nellis Boulevard - Competition Motors Property Location: Property Description: Assessor Parcel Number: Site Size: Building Size: Exterior Car Lot: Indoor Showroom: Construction Year: Traffic Counts: The subject property is located on N. Nellis Boulevard just south of E. Washington Avenue having the civic address of 0 N. Nellis Boulevard, Las Vegas, NV 8. The property offers direct access to Nellis Boulevard with strong traffic counts of ±8,000 cars per day. The Property is located within a large retail corridor with national tenants, including Smith s, Wal-Mart, Goodwill, Ross, and Target to the south of the property. As of 07, there are approximately 9,96 residents living within a three () mile radius and the average household income is $,7. The property consists of a single story retail used car dealership building with a ± car exterior sales lot and a ± car indoor showroom, situated on ±.0 acres. The rear of the building provides an additional parking spaces with plans for an additional,0 SF of repair/service space. The property offers great visibility along N. Nellis Boulevard with easy access in and out of the sales lot. According to Clark County Planning, the location at 0 Nellis is eligible for a marijuana dispensary license ±.0 Acres ± 9, SF with the ability to expand the rear of the buiding an additional ±,0 SF ± Cars ± Cars 006 On Nellis Blvd., N. of Washington Ave.: ±8,000 CPD

7 Property Photos 0 N. Nellis Boulevard - Competition Motors

8 Property Photos 0 N. Nellis Boulevard - Competition Motors

9 LEESBURG ST RED IRON WAY 9. NAYLOR CT CAREFREE PEAK CT PIKES PEAK CT TIMBER RIDGE CT RED IRON WAY LEESBURG ST NAYLOR CT CAREFREE PEAK CT PIKES PEAK CT TIMBER RIDGE CT NELLIS BLVD RINGE LN RINGE LN 0 N. Nellis Boulevard - Competition Motors This map is for assessment use only and does NOT represent a survey. This map is for assessment use only and does NOT represent a survey. ASSESSOR'S Michele PARCELS W. Shafe - CLARK - Assessor CO., NV. No liability is assumed for the accuracy of the data deliniated herein. T0S R6E 8 N 8 SW Information on roads and other non-assessed parcels may be obtained PARCEL Michele BOUNDARY W. Shafe CONDOMINIUM - Assessor UNIT 6 00 ROAD PARCEL NUMBER No liability is assumed for accuracy of the data deliniated herein. 8 SUB Information from the Road on roads Document and other Listing non-assessed in the Assessor's parcels Office. may be obtained PARCEL BOUNDARY CONDOMINIUM AIR SPACE PCL UNIT 00 NUMER 6 00 ROAD PARCEL NUMBER SUBPM/LD BOUNDARY BOUNDARY ACREAGE from the Road Document Listing in the Assessor's Office. AIR RIGHT SPACEOF PCLWAY PCL 00 PARCEL NUMER PM/LD ROAD BOUNDARY EASEMENT This map is compiled from official records, including surveys and deeds,.00 ACREAGE RIGHT MATCH / LEADER LINE SUB-SURFACE OF WAY PCL PCL 0 PARCEL SUB/SEQ NUMBER ROAD EASEMENT 8 6 but only contains the information required for assessment. See the This map is compiled from official records, including surveys and deeds, MATCH HISTORIC / LEADER LOTLINE SUB-SURFACE PCL 0 PB - PARCEL PLATSUB/SEQ RECORDING NUMBER NUMBER 8 6 but recorded only contains documents the information more detailed required legal for assessment. information. See the HISTORIC LOTSUB LINEBOUNDARY PB - PLATBLOCK RECORDING NUMBER NUMBER recorded USE documents THIS SCALE(FEET) for more WHENdetailed MAP REDUCED legal information. 6 FROM X7 ORIGINAL HISTORIC SUBPM/LD BOUNDARY BOUNDARY LOT SNORING 0 PB SECTION LINE Scale: " = 00 ' 0/09/0 CT 0 00 BLOCK NUMBER USE THIS SCALE(FEET) WHEN MAP REDUCED FROM X7 ORIGINAL HISTORIC PM/LD BOUNDARY 0 0 GL LOT GOV. NUMBER LOT NUMBER Rev: SECTION LINE Scale: " = 00 ' 0/09/ GL GOV. LOT NUMBER Rev: PT R= PT PT PT R= PT R= R= PT R= 0 0 PT PT PT R= R= R= ! WASHINGTON AVE PB -9 PB ! WASHINGTON AVE PB -9 PB - R=0 > R= 7.7 MESA VERDE SUNRISE VISTA ESTATES-PHASE SUNRISE VISTA ESTATES-PHASE R= SUNRISE VISTA ESTATES - PHASE R= MESA VERDE 0 SUNRISE VISTA ESTATES-PHASE SUNRISE VISTA ESTATES-PHASE SUNRISE 08 VISTA ESTATES - PHASE PM PM BALDY LN BALDY LN MM OMM ON ISION T (PT ) LOT (PT ) () PB PM 06-() PB (MESA PM 06- VERDE) (MESA07 VERDE) BIG STONE WAY PB 8-.0 BIG STONE WAY SPANISH (PB 99-) 06 PB STAR CT 7. (PT SPANISH ) (PB 99-) STAR CT 7. (PT ) PB R= R= R= R= PB SUNRISE MOUNTAIN HOMES PB SUNRISE MOUNTAIN HOMES BRANCH CT BRANCH CT PM PM PT PM PT PM AA PB MORNING CREST ESTATES PB - PB - PM -8 PM B B R=0 R=0 R= R= R= R= R= R= AVE PB - 00 HARRIS AVE PB - 00 VALLEY RANCHOS TRACT TRACT AMD AMD R= R= R= R= PT PT PT PT PT PT PT PT DR NOTES 0.7 R= R= PT PT BALDY LN BALDY LN MAP LEGEND MAP LEGEND RANDLE HEIGHTS AVE ASSESSOR'S PARCELS - CLARK CO., NV Assessor Parcel Map.. RANDLE HEIGHTS AVE PT TRANGO AVE TRANGO AVE PT BETTY LN BETTY LN R= R= MT EVEREST CT MT EVEREST CT BOOK BOOK MT OLYMPIAS CT T0S R6E 8 N SW MT OLYMPIAS CT VAC 07: SEC VAC 07: SEC. PIKES PEAK CT PIKES PEAK CT MAP MAP TIMBER RIDGE CT TIMBER RIDGE CT PT CHRISTY LN CHRISTY LN TAX DIST TAX DIST PT AMD BO

10 Las Vegas Valley Location Map 0 N. Nellis Boulevard - Competition Motors

11 Las Vegas Retail Market Review 0 N. Nellis Boulevard - Competition Motors General Retail Market Statistics Mid-Year 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 68,7,6,79,88 9.7%,9 0 0 $. Central West Las Vegas Ret 0 6,08,88,8,8.6%,8 6,06 9,000 $6.6 East Las Vegas Ret,077,8 0, 0,.%,8,00,000 $9. North Las Vegas Ret,, 6,9 6,9.% 7,8 0,000 $6.0 Northeast Las Vegas Ret 66,67,78 96,77 6,887.% 0,6 0 0 $.99 Northwest Las Vegas Ret 8,787,69 0, 0,.8%,789 0, $6.8 Outlying NE Clark Cnty Ret ,8 0,778 0,778.%,6 0 0 $.00 Outlying NW Clark Cnty Ret 8, % $0.00 Outlying S Clark Cnty Ret 79, % $0.00 Resort Corridor Ret 8,6,9 79,8 79,8.0%,6 7,7 0 $. Southeast Las Vegas Ret 9,007,08 7,7 77,07.% 0,00 6,,0 $7.79 Southwest Las Vegas Ret 69,98, 9, 9,.% 78,8 6,9 7,6 $.77 West Las Vegas Ret 77,87,9 9,6 9,6.% 7,6 0 0 $.7 Totals,89,,,,6,9,6.% 6,8 6,99 77,08 $7. Shopping Center Market Statistics Mid-Year 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 6,988, 0,7,0,97.%,, 0 $. Central West Las Vegas Ret 0 9,0, 9,87,07,.6% 7, 0 0 $. East Las Vegas Ret 6,9,7 89,96 99,66 8.0% 9, $6.9 North Las Vegas Ret 7,69,7 96,07 697,69.0% (0,0) 0 0 $9. Northeast Las Vegas Ret 89,6,, 8,8 0.%,9 0 0 $.07 Northwest Las Vegas Ret 0,, 8,788 87,8 8.0% (0,9) 0 8, $9.9 Outlying NE Clark Cnty Ret 0 9,7 6,0 6,0.7%, $. Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret 6,96,000,000.9% $0.00 Resort Corridor Ret 0,0,77,77 6.% 7,9 6,6 0 $. Southeast Las Vegas Ret 8,,8,,8,77,.% 96,6 7,0, $6. Southwest Las Vegas Ret 0,9,06 7,9, 9.% 9, 9, 0 $0. West Las Vegas Ret 8,, 9,9 9,69 0.% (6,8) 0 0 $.79 Totals,0,,79,,0,996,6.% 67,7 9,006,08 $7.8 Mall Market Statistics Mid-Year 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret,7,7 0,7 0,7 7.7% $.6 Central West Las Vegas Ret 9, 0,7 0,7 0.9% (99,687) 0 0 $6.0 East Las Vegas Ret % $0.00 North Las Vegas Ret % $0.00 Northeast Las Vegas Ret % $0.00 Northwest Las Vegas Ret % $0.00 Outlying NE Clark Cnty Ret % $0.00 Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret % $0.00 Resort Corridor Ret,9,697,000,000 0.%, $0.00 Southeast Las Vegas Ret,0,0 0,6 0,6.% 7, $8.69 Southwest Las Vegas Ret % $0.00 West Las Vegas Ret,77,6,6,6 8.%,67 76, 0 $8.7 Totals 9,,9,, 6.% (7,76) 76, 0 $8.6 Specialty Center Market Statistics Mid-Year 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 8,,000,000 6.% $0.00 Central West Las Vegas Ret 8, % $0.00 East Las Vegas Ret 0, % $0.00 North Las Vegas Ret % $0.00 Northeast Las Vegas Ret % $0.00 Northwest Las Vegas Ret % $0.00 Outlying NE Clark Cnty Ret % $0.00 Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret 68,0 6,6 6,6 0.%,7 0 0 $0.0 Resort Corridor Ret,9,078 6,88 6,88.% $8. Southeast Las Vegas Ret, 7,6 7,6.% (,8) 0 0 $8.69 Southwest Las Vegas Ret % $0.00 West Las Vegas Ret 7,069 6, 6, 8.% $.9 Totals,99,77 8,69 8,69 0.8% (,76) 0 0 $.8 Power Center Market Statistics Mid-Year 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Ctrs Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret 6,09 97, 97,.7%, 0 0 $.00 Central West Las Vegas Ret 969,88,6,6 0.6%,7 0 0 $0.00 East Las Vegas Ret 89,687,8,8.6%, 0 0 $.08 North Las Vegas Ret,9, 7,988 7,988 8.% 7,6 0 0 $8.8 Northeast Las Vegas Ret 0,,000,000.% $0.00 Northwest Las Vegas Ret,,8 9,6 9,6.6% (,966) 0 0 $7. Outlying NE Clark Cnty Ret % $0.00 Outlying NW Clark Cnty Ret % $0.00 Outlying S Clark Cnty Ret % $0.00 Resort Corridor Ret 99,06 7, 7,.8%, $0.00 Southeast Las Vegas Ret,7,96,07,07.% (,) 0 0 $.8 Southwest Las Vegas Ret,,679 76,79 78,879.% 7, $.0 West Las Vegas Ret,998,7,76,76.%,0 0 0 $. Totals 8,6,07 6,008 67,8.7% 6, $9. Total Retail Market Statistics Mid-Year 07 Existing Inventory Vacancy YTD Net YTD Under Quoted Market # Blds Total GLA Direct SF Total SF Vac % Absorption Deliveries Const SF Rates Central East Las Vegas Ret,0,8,0,66,9,,68.8%,0, 0 $.0 Central West Las Vegas Ret,98 7,,,8,8,8,6 7.6% (6,) 6,06 9,000 $.9 East Las Vegas Ret 8,77,69 8,6,96.% 6,79,00,000 $6.6 North Las Vegas Ret 67 9,099, 8,99 97, 0.% (6,) 0,000 $9.0 Northeast Las Vegas Ret 689 6,67,6,,7 7.9%,0 0 0 $.0 Northwest Las Vegas Ret 6,669, 96,06 97,69 6.0% (,7) 0 8,7 $9. Outlying NE Clark Cnty Ret 98,6,7,8,8 7.9% 6,6 0 0 $.99 Outlying NW Clark Cnty Ret 8, % $0.00 Outlying S Clark Cnty Ret 9 8,9,6,6.%,7 0 0 $0.0 Resort Corridor Ret 8 9,7,0 8,07 8,07.% 6, 9,9 0 $. Southeast Las Vegas Ret,6 0,7,9,66,998,79,7 8.6% 6,6,98 66,76 $8.00 Southwest Las Vegas Ret 6 9,,7 9,9 98,7.%, 8,9 7,6 $. West Las Vegas Ret 0,,766 7,8 8,8 8.% (,666) 76, 0 $.7 Totals 7,9,, 8,87,87 9,08,9 8.0%,8 6,8 9,66 $7.97

12 Northeast Las Vegas Submarket Review 0 N. Nellis Boulevard - Competition Motors Deliveries, Absorption & Vacancy Historical Analysis, All Classes Delivered SF Absorption SF Vacancy 0.0.0% (0.00) (0.00).0%.0% 0.0% 0 q 0 q 0 q 0 q 0 q 0 q 0 q 0 q 06 q 06 q 06 q 06 q 07 q 07 q.0% 0.0% 8.0% 6.0% Vacant Space Historical Analysis, All Classes Quoted Rental Rates Historical Analysis, All Classes Direct SF Sublet SF $.0 0. $ $ Dollars/SF/Year $. $. $.0 $.00 $. $ q 06 q 06 q 06 q 07 q 07 q $. 06 q 06 q 07 q Existing Inventory Vacancy Net Delivered Inventory UC Inventory Quoted Period # Bldgs Total RBA Vacant SF Vacancy % Absorption # Bldgs Total RBA # Bldgs Total RBA Rates 07 q 689 6,67,6,7 7.9%, $.0 07 q 689 6,67,6 6,6 9.%, $ q 689 6,67,6 68, 9.7% (6,06), $.6 06 q 688 6,666,76 66,8 9.%, 0 0,00 $. 06 q 688 6,666,76 68, 9.6% () 0 0,00 $ q 688 6,666,76 67,69 9.6%, $.0 0 q 688 6,666,76 69,8 9.6% 6, $.07 0 q 687 6,69,76 78,9.% 7, ,000 $. 0 q 687 6,69,76 78,978.8%, 0 0 7,000 $.8 0 q 687 6,69,76 8,0.% (68,) $.7 0 q 6 6,68,9 79,6.%,8 8,0 8 $.9 0 q 68 6,6,78 8,9.7%, 0 0 8,96 $. 0 q 68 6,6,78,.0% (,6),9 8,0 $.89 0 q 68 6,6, 87,0.9% (7,9) 0 0,9 $. 0 q 68 6,6, 799,.% (,877) 0 0,9 $. 0 q 68 6,6, 777,08.7% (7,) 0 0,9 $.6

13 Area Demographics ( Mile Radius) 0 N. Nellis Boulevard - Competition Motors Summary Census Population,00 6,97 7,0 Households 6,998 7,77 7,7 Families,,79,96 Average Household Size Owner Occupied Housing Units,667,6, Renter Occupied Housing Units,,7,9 Median Age Trends: 07-0 Annual Rate Area State National Population.0%.% 0.8% Households 0.8%.% 0.79% Families 0.8%.6% 0.7% Owner HHs 0.%.9% 0.7% Median Household Income 0.68%.%.% 07 0 Households by Income Number Percent Number Percent <$,000,0.%,08.% $,000 - $, % 988.% $,000 - $, % 99.7% $,000 - $9,999, 8.8%,8 7.6% $0,000 - $7,999,8 9.8%, 8.0% $7,000 - $99, % 8.% $00,000 - $9, % 7 9.9% $0,000 - $99,999.6% 8.0% $00, % 77.0% Median Household Income $,77 $,87 Average Household Income $,8 $6,7 Per Capita Income $,999 $,8 Census Population by Age Number Percent Number Percent Number Percent 0 -,9 9.%, 9.%,77 9.% - 9,7 9.9%,8 8.9%,6 8.7% 0 -,0 9.%, 8.6%, 8.% - 9, 8.%,00 8.%, 8.0% 0 -,8 7.%,99 8.%,7 8.% -,7.9%,0.%,9.6% -,.%,.0%,668.% -,.6%,0.%,0 0.9% - 6,98 7.9%,79 8.6%,66 8.8% 6-7,08.%,88.6%, 6.% % 7.% 7.6% % 0.% % Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone,9 7.%,7.%,7.0% Black Alone,89 9.9%,767 0.%,90 0.6% American Indian Alone.0% 6.0% 7.0% Asian Alone,0.%,.%,9.% Pacific Islander Alone % 0 0.8% 0.8% Some Other Race Alone 8,6.% 9,00.7% 0,7 6.8% Two or More Races,0.%,9.%,.% Hispanic Origin (Any Race),79 6.0% 7,6 66.% 9,0 68.% Trends 07-0 Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $K - $9K 8.8% $K - $K.8% $0K - $7K 9.8% $K - $K.% <$K.% $7K - $99K 9.% $00K+ 0.8% $0K - $99K.6% $00K - $9K 8.% Source: U.S. Census Bureau, Census 00 Summary File. Esri forecasts for 07 and Population by Race Percent Area State USA White Black Am. Ind. Asian Pacific Other Two+ 07 Percent Hispanic Origin: 66.% August, Esri Page of 6

14 Area Demographics ( Mile Radius) 0 N. Nellis Boulevard - Competition Motors Summary Census Population 0,07 9,96,0 Households 6,087 6,0 68, Families, 7,66 0,7 Average Household Size..8. Owner Occupied Housing Units,,89, Renter Occupied Housing Units 7,8,68,00 Median Age..8.7 Trends: 07-0 Annual Rate Area State National Population.%.% 0.8% Households.%.% 0.79% Families.0%.6% 0.7% Owner HHs 0.88%.9% 0.7% Median Household Income 0.66%.%.% 07 0 Households by Income Number Percent Number Percent <$,000 8,6.% 9,6.6% $,000 - $,999 8,89.7% 9,8.% $,000 - $,999 9,8.7% 9,6.6% $,000 - $9,999,8 7.7%, 6.6% $0,000 - $7,999,8 8.%,6 6.% $7,000 - $99,999 6, % 8,9.% $00,000 - $9,999,7 8.0% 6, 9.6% $0,000 - $99,999,87.%,9.8% $00, %,06.6% Median Household Income $,8 $,8 Average Household Income $,7 $9, Per Capita Income $6,7 $7,69 Census Population by Age Number Percent Number Percent Number Percent 0-8, 9.% 8,98 8.6% 0,0 8.7% - 9 7, % 7,98 8.% 8,6 8.% 0-7,7 8.6% 7, 7.9% 8,8 7.8% - 9 7, % 6, 7.6% 7,7 7.% 0 -, 7.% 7,9 8.0% 7,08 7.% - 9,8.%,9.7% 7,7 6.% - 8,79.% 8,0.8%,.% -,8.%,77.7%,76 0.9% - 6 7, 8.7%,6 9.6%,9 9.7% 6-7 9,96.9%,0 6.% 6, 6.9% 7-8,7.%,67.6% 7,.% 8+,7 0.6%,8 0.7%,76 0.8% Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 98,7 8.6% 98,968.% 99,7.% Black Alone 0,9 0.0%, 0.7%,8.0% American Indian Alone, %, %,80 0.8% Asian Alone 0,66.0%,79.%,078.6% Pacific Islander Alone,07 0.%, 0.%, 0.% Some Other Race Alone 6,067.%,.%,79.% Two or More Races 0,0.0%,7.%,679.% Hispanic Origin (Any Race) 6,96 7.%,88.6% 7, % Trends 07-0 Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent 07 Household Income $K - $9K 7.7% $K - $K.7% $0K - $7K 8.% $K - $K.7% $7K - $99K 0.8% <$K.% $00K+.% $0K - $99K.% $00K - $9K 8.0% Source: U.S. Census Bureau, Census 00 Summary File. Esri forecasts for 07 and 0. Area State USA Population by Race White Black Am. Ind. Asian Pacific Other Two+ Percent 07 Percent Hispanic Origin:.6% August, Esri Page of 6

15 Area Demographics ( Mile Radius) 0 N. Nellis Boulevard - Competition Motors Summary Census Population 96, 9,8 8,6 Households,,09,9 Families 8,, 9, Average Household Size.0..7 Owner Occupied Housing Units,79 9,666 6,69 Renter Occupied Housing Units 6,76 7,6 78,89 Median Age.6..0 Trends: 07-0 Annual Rate Area State National Population.%.% 0.8% Households.%.% 0.79% Families.6%.6% 0.7% Owner HHs 0.97%.9% 0.7% Median Household Income 0.%.%.% 07 0 Households by Income Number Percent Number Percent <$,000,9 6.0%, 6.% $,000 - $,999 9,6.7% 0,7.% $,000 - $,999 9,99.0% 9,7.0% $,000 - $9,999,00 7.%,0 6.% $0,000 - $7,999, 7.%,07.7% $7,000 - $99,999,9 9.%,0 0.9% $00,000 - $9,999 9, %, 8.% $0,000 - $99,999,60.0%,8.% $00,000+,.%,.6% Median Household Income $7,79 $8,768 Average Household Income $0,79 $,989 Per Capita Income $6, $7,98 Census Population by Age Number Percent Number Percent Number Percent 0 -, 8.7%, 8.% 7,88 8.% - 9,8 8.%, %, % 0 -,96 7.8%,0 7.%,0 7.% - 9,06 8.%, 7.%,7 6.9% 0-9,8 7.%, 8.0%,7 7.% - 7,9.% 66,6.% 7,.8% -,68.0%,0.8%,07.% - 0,66.8%,.0% 0,9.% - 6 7,7 9.%,89 0.% 7,8 0.% 6-7,99.%, 7.%,88 7.8% 7-8 0,696.7%,.% 6,89.7% 8+,99 0.7%,9 0.9%,6.0% Census Race and Ethnicity Number Percent Number Percent Number Percent White Alone 9,8 8.6% 9,097.% 9,9.% Black Alone 7,.9%,7.7%,06.% American Indian Alone, %,0 0.9%,0 0.9% Asian Alone 9,6.0%,07.% 6,9.8% Pacific Islander Alone,7 0.%, 0.%,0 0.6% Some Other Race Alone,68 8.% 8,9.0%,98.8% Two or More Races 9,.8%,68.%,7.% Hispanic Origin (Any Race),677.9%,0 6.6% 68,9 8.6% Trends 07-0 Annual Rate (in percent) Population Households Families Owner HHs Median HH Income Population by Age Percent Household Income $K - $K.0% $K - $9K 7.% $0K - $7K 7.% $K - $K.7% <$K 6.0% $7K - $99K 9.% $00K+.% $0K - $99K.0% $00K - $9K 6.8% Source: U.S. Census Bureau, Census 00 Summary File. Esri forecasts for 07 and 0. Area State USA Population by Race White Black Am. Ind. Asian Pacific Other Two+ Percent 07 Percent Hispanic Origin: 6.6% August, Esri Page 6 of 6

16 Exclusively listed by Sun Commercial Real Estate, Inc.: Sun Commercial Real Estate, Inc. Cathy Jones, CPA, SIOR, CCIM CEO Roy Fritz Senior Vice President Jessica Cegavske Vice President Jennifer Lehr Senior Associate